Parker-Hannifin (PH) financial statements
Parker-Hannifin reported revenue of $21.5B in fiscal 2026, up 6.7% a year over 9 years.
Net income was $3.6B and the operating margin 23.6%, against 14.9% in 2017.
Free cash flow was $3.9B, and the company returned $936M in dividends and $1.3B in net buybacks.
The diluted share count fell 6% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Parker-Hannifin's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.0B | $14.3B | $14.3B | $13.7B | $14.3B | $15.9B | $19.1B | $19.9B | $19.9B | $21.5B |
| Cost of revenue | $9.1B | $10.7B | $10.7B | $10.3B | $9.6B | $10.6B | $12.6B | $12.8B | $12.5B | $13.4B |
| Gross profit | $2.8B | $3.6B | $3.6B | $3.4B | $4.7B | $5.3B | $6.4B | $7.1B | $7.3B | $8.1B |
| Research and development | $337M | $328M | $295M | $237M | $205M | $191M | $258M | $253M | $240M | $267M |
| Selling, general and admin | $1.4B | $1.6B | $1.5B | $1.7B | $2.4B | $2.5B | $3.4B | $3.3B | $3.3B | $3.5B |
| Operating income | $1.8B | $2.0B | $2.2B | $2.0B | $2.5B | $3.0B | $3.4B | $4.1B | $4.3B | $5.1B |
| Interest expense | $162M | $214M | $190M | $308M | $250M | $255M | $574M | $506M | $409M | $401M |
| Pre-tax income | $1.3B | $1.7B | $1.9B | $1.5B | $2.2B | $1.6B | $2.7B | $3.6B | $4.1B | $4.6B |
| Income tax | $345M | $641M | $424M | $305M | $500M | $298M | $596M | $750M | $575M | $914M |
| Net income | $983M | $1.1B | $1.5B | $1.2B | $1.7B | $1.3B | $2.1B | $2.8B | $3.5B | $3.6B |
| EPS (diluted) | $7.25 | $7.83 | $11.57 | $9.26 | $13.35 | $10.09 | $16.04 | $21.84 | $27.12 | $28.48 |
| Diluted shares | 136M | 135M | 132M | 130M | 131M | 130M | 130M | 130M | 130M | 128M |
| Gross margin | 23.6% | 24.9% | 25.4% | 24.8% | 33.1% | 33.5% | 33.7% | 35.8% | 36.9% | 37.7% |
| Operating margin | 14.9% | 14.3% | 15.6% | 14.4% | 17.1% | 18.8% | 17.9% | 20.4% | 21.9% | 23.6% |
| Net margin | 8.2% | 7.4% | 10.6% | 8.8% | 12.2% | 8.3% | 10.9% | 14.3% | 17.8% | 17.0% |
Balance sheet
Fiscal years, from Parker-Hannifin's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $924M | $855M | $3.4B | $756M | $772M | $564M | $484M | $422M | $467M | $501M |
| Receivables | $1.9B | $2.1B | $2.1B | — | — | — | — | $2.9B | $2.9B | $3.2B |
| Inventory | $1.5B | $1.6B | $1.7B | $2.0B | $2.1B | $2.2B | $2.9B | $2.8B | $2.8B | $3.2B |
| Total current assets | $4.8B | $5.1B | $7.7B | $5.0B | $5.6B | $12.0B | $6.8B | $6.8B | $7.0B | $7.7B |
| Property, plant and equipment | $1.9B | $1.9B | $1.8B | $2.3B | $2.3B | $2.1B | $2.9B | $2.9B | $2.9B | $3.0B |
| Goodwill | $5.6B | $5.5B | $5.5B | $7.9B | $8.1B | $7.7B | $10.6B | $10.5B | $10.7B | $11.1B |
| Total assets | $15.5B | $15.3B | $17.7B | $19.9B | $20.3B | $25.9B | $30.0B | $29.3B | $29.5B | $30.9B |
| Total current liabilities | $3.4B | $3.2B | $3.2B | $3.1B | $3.1B | $5.9B | $7.7B | $7.3B | $5.8B | $6.1B |
| Long-term debt | $4.9B | $4.3B | $6.5B | $7.7B | $6.6B | $9.8B | $8.8B | $7.2B | $7.5B | $6.8B |
| Total liabilities | $10.2B | $9.5B | $11.6B | $13.6B | $11.9B | $17.1B | $19.6B | $17.2B | $15.8B | $15.5B |
| Shareholders' equity | $5.3B | $5.9B | $6.0B | $6.2B | $8.4B | $8.8B | $10.3B | $12.1B | $13.7B | $15.4B |
| Net debt | $5.0B | $4.1B | $3.9B | $7.8B | $5.9B | $10.9B | $12.1B | $8.0B | $7.0B | $7.0B |
Cash flow
Fiscal years, from Parker-Hannifin's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.3B | $1.6B | $1.7B | $2.1B | $2.6B | $2.4B | $3.0B | $3.4B | $3.8B | $4.4B |
| Capital spending | $204M | $248M | $195M | $233M | $210M | $230M | $381M | $400M | $435M | $459M |
| Free cash flow | $1.1B | $1.3B | $1.5B | $1.8B | $2.4B | $2.2B | $2.6B | $3.0B | $3.3B | $3.9B |
| Stock-based compensation | $80M | $119M | $104M | $111M | $121M | $137M | $143M | $155M | $159M | $179M |
| Dividends paid | $345M | $365M | $412M | $454M | $475M | $570M | $704M | $782M | $861M | $936M |
| Share buybacks (net) | -$338M | -$381M | -$860M | -$216M | -$219M | -$460M | -$297M | -$332M | -$1.8B | -$1.3B |
| Net borrowing | $2.2B | -$943M | $2.1B | $981M | -$1.2B | $5.0B | $40M | -$2.0B | -$1.4B | -$737M |
| Free cash flow margin | 9.1% | 9.4% | 10.7% | 13.4% | 16.5% | 13.9% | 13.6% | 15.0% | 16.8% | 18.2% |
| Dividends per share | $2.55 | $2.70 | $3.13 | $3.50 | $3.63 | $4.37 | $5.42 | $6.01 | $6.61 | $7.31 |
Questions
What was Parker-Hannifin's revenue in 2026?
$21.5B in fiscal 2026, from its 10-K filing.
How much free cash flow does Parker-Hannifin generate?
$3.9B in fiscal 2026 (operating cash flow minus capital spending).
From Parker-Hannifin's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.