Parker-Hannifin
PHNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $965.17 Prior regular-session close from the quote source.
- $964.48–$980.10 Regular-session low and high so far today.
- 581.0K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Jan 28 projected Projected for 2027-01-28 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $806.22–$1,099.94 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own PH if Parker-Hannifin turns engineered, mission-critical motion & control content and a sticky aftermarket into predictable cash and expanding margins, letting it compound EPS through pricing, mix, and disciplined M&A/capital returns.
PH price history
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Investment thesis
What must happen next
A large, sticky aftermarket and installed-base service business will keep operating cash flow high and stable, insulating Parker from cyclical OEM new-build swings.StrengtheningMateriality: High
operating_cash_flow rose each year: $2,980,000,000 (FY2023) -> $3,384,000,000 (FY2024) -> $3,776,000,000 (FY2025) -> $4,364,000,000 (FY2026), showing steadily improving cash generation. If aftermarket cash proves durable, shareholders get predictable free cash that funds buybacks/M&A and supports a higher multiple; if aftermarket declines, cash flow will become cyclical and valuation should fall.
Watch: Large OEMs beginning to insource motion/control systems or consolidate suppliers, reducing long-term aftermarket share.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating_cash_flow rose each year: $2,980,000,000 (FY2023) -> $3,384,000,000 (FY2024) -> $3,776,000,000 (FY2025) -> $4,364,000,000 (FY2026), showing steadily improving cash generation.
Open source ↗Scale, engineering content and integration of acquisitions will keep operating income rising faster than revenue (operating leverage), supporting durable margin expansion.StrengtheningMateriality: High
operating_income increased from $4,347,000,000 (FY2025) to $5,068,000,000 (FY2026) while revenue grew from $19,850,000,000 to $21,499,000,000, indicating operating income grew faster than sales in the last year. If operating leverage continues, the company can grow EPS faster than revenue; if not, EPS upside tied to margin gains disappears and higher valuation is unjustified.
Watch: Sustained commodity/labor inflation or warranty/recall costs that compress margins.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
operating_income increased from $4,347,000,000 (FY2025) to $5,068,000,000 (FY2026) while revenue grew from $19,850,000,000 to $21,499,000,000, indicating operating income grew faster.
Open source ↗Electrification, automation and higher-content systems in transportation and industrial markets will drive above-market revenue growth by raising content-per-platform for Parker’s engineered systems.HoldingMateriality: Medium
Revenue rose to $21,499,000,000 in FY2026 from $19,850,000,000 in FY2025 (≈8.3% year-over-year growth), continuing a multi-year rise from earlier years. If secular trends translate into design wins, revenue growth and long-term share gains follow; if adoption stalls or competitors win designs, revenue growth will revert to end-market cyclicality.
Watch: Slower-than-expected electrification or automation adoption by OEMs.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Revenue rose to $21,499,000,000 in FY2026 from $19,850,000,000 in FY2025 (≈8.3% year-over-year growth), continuing a multi-year rise from earlier years.
Open source ↗Disciplined capital allocation (accretive M&A and buybacks) will allow EPS to compound faster than revenue, leveraging operating cash flow into shareholder returns.StrengtheningMateriality: Medium
eps_diluted increased from $10.09 (FY2022) -> $16.04 (FY2023) -> $21.84 (FY2024) -> $27.12 (FY2025) -> $28.48 (FY2026), outpacing revenue growth over much of the period. If capital allocation remains disciplined, shareholders benefit from higher EPS per share; if management overpays or takes on excessive leverage, EPS can be impaired despite healthy revenue.
Watch: Aggressive acquisitions at high multiples that do not achieve synergy targets.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
eps_diluted increased from $10.09 (FY2022) -> $16.04 (FY2023) -> $21.84 (FY2024) -> $27.12 (FY2025) -> $28.48 (FY2026), outpacing revenue growth.
Open source ↗
Full investment case & evidence
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Original research
A large, sticky aftermarket and installed-base service business will keep operating cash flow high and stable, insulating Parker from cyclical OEM new-build swings. If aftermarket cash proves durable, shareholders get predictable free cash that funds buybacks/M&A and supports a higher multiple; if aftermarket declines, cash flow will become cyclical and valuation should fall.
Scale, engineering content and integration of acquisitions will keep operating income rising faster than revenue (operating leverage), supporting durable margin expansion. If operating leverage continues, the company can grow EPS faster than revenue; if not, EPS upside tied to margin gains disappears and higher valuation is unjustified.
Electrification, automation and higher-content systems in transportation and industrial markets will drive above-market revenue growth by raising content-per-platform for Parker’s engineered systems. If secular trends translate into design wins, revenue growth and long-term share gains follow; if adoption stalls or competitors win designs, revenue growth will revert to end-market cyclicality.
Disciplined capital allocation (accretive M&A and buybacks) will allow EPS to compound faster than revenue, leveraging operating cash flow into shareholder returns. If capital allocation remains disciplined, shareholders benefit from higher EPS per share; if management overpays or takes on excessive leverage, EPS can be impaired despite healthy revenue.
All standing thesis claims
Original report summary
Parker-Hannifin turns engineered, mission-critical motion & control content and a sticky aftermarket into predictable cash and expanding margins, letting it compound EPS through pricing, mix, and disciplined M&A/capital returns.
Bull case and bear case
Bull case and bear case for Parker-Hannifin
Where the evidence on Parker-Hannifin stands: Holding on the latest evidence (Nov 10, 2026). Of its 4 thesis points, 3 strengthening and 1 holding.
Bull case: what the evidence supports
A large, sticky aftermarket and installed-base service business will keep operating cash flow high and stable, insulating Parker from cyclical OEM new-build swings.
Scale, engineering content and integration of acquisitions will keep operating income rising faster than revenue (operating leverage), supporting durable margin expansion.
Electrification, automation and higher-content systems in transportation and industrial markets will drive above-market revenue growth by raising content-per-platform for Parker’s engineered systems.
Disciplined capital allocation (accretive M&A and buybacks) will allow EPS to compound faster than revenue, leveraging operating cash flow into shareholder returns.
Bear case: what would count against it
Thesis-Break Engine
Thesis-break watch · Parker-Hannifin
No break has crossed Parker-Hannifin’s thesis. Its break conditions are checked against every new filing as it lands.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
No assessed change was returned in this research window. That can reflect a quiet period or a coverage limit.
Risks / falsifiers
What could break the thesis
- Large OEMs beginning to insource motion/control systems or consolidate suppliers, reducing long-term aftermarket share.
- Sustained commodity/labor inflation or warranty/recall costs that compress margins.
- Slower-than-expected electrification or automation adoption by OEMs.
- Aggressive acquisitions at high multiples that do not achieve synergy targets.
PH news
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Financial statements
PH income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
PH: quick answers
- When does Parker-Hannifin (PH) report earnings next?
- Parker-Hannifin's next results are projected for January 28, 2027, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on November 5, 2026. Earnings calendar
- What is PH's short interest?
- As of October 30, 2026, 1.5M PH shares were sold short, 1.19% of its shares outstanding, up 3.1% from the count before. At the stock's average daily volume that is 2.0 days to cover. FINRA publishes the count twice a month. PH short interest history
- Have members of Congress traded PH?
- Reports made public in the last 90 days disclose 5 trades in PH by 2 filers: 2 purchases and 3 sales. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed PH trade
- Which well-known investors own PH?
- 1 of the 37 well-known funds tracked here reported PH shares in their latest 13F filing. By share of the fund's portfolio: Bridgewater Associates (Ray Dalio), 0.1%. Fund portfolios
PH in well-known investors’ portfolios
1 of 37 funds reported PH shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Ray DalioBridgewater Associates | 0.05% | $11.8M | −43.6% | Q2 2026 |