Parker-Hannifin Corp (PH) Form 10-K — Aug 21, 2026
Parker-Hannifin closed fiscal 2026 with net sales of $21,499 million, up 8.3% reported and 6.6% organic, and net income of $3,648 million, with diluted EPS of $28.48 versus $27.12 a year earlier. Both segments expanded margins, with Diversified Industrial at 23.8% and Aerospace Systems at 26.0%. Backlog rose to $12.8 billion at June 30, 2026 from $11.0 billion a year earlier, and operating cash flow climbed $588 million to $4,364 million. Aerospace Systems led growth with sales up 14.2% on commercial OEM and aftermarket strength.
Key figures
- Eps
- $28.48 diluted ($28.89 basic)
- Revenue
- $21,499 million
- Net Income
- $3,648 million attributable to common shareholders
- Total Debt
- $8,520 million ($6,766 million long-term debt plus $1,754 million payable within one year)
- Revenue Yoy
- 8.3% reported; 6.6% organic
- Total Assets
- $30,877 million
- Cash Position
- $501 million
- Shares Outstanding
- 126047469
- Capex
- $459 million in FY2026; targeting 2.5% of sales for FY2027
- Backlog
- $12.8 billion at June 30, 2026 vs $11.0 billion at June 30, 2025
- Employees
- approximately 59,850
- Gross Margin
- 37.7% vs 36.9% prior year
- Dividend Rate
- $8.00 per share annually
- Term Loan Draw
- $7.75 billion borrowed post year-end under new 364-day ($5.25 billion) and three-year ($2.50 billion) facilities to finance FGC
- Credit Ratings
- Fitch A-, Moody's A3, S&P BBB+
- Dividend Streak
- 304 consecutive quarters paid; 70 consecutive years of increases
- Revolving Credit
- $3.75 billion line; $1.0 billion commercial paper outstanding at June 30, 2026
- Effective Tax Rate
- 20.0%
- Debt Covenant Ratio
- 0.36 to 1.0 vs 0.65 maximum
- Ieepa Tariff Refund
- $84 million credited to cost of sales in Q4 FY2026
- Operating Cash Flow
- $4,364 million, up $588 million year over year
- Fgc Acquisition Price
- $9.25 billion cash, completed August 13, 2026
- Circor Aerospace Price
- approximately $2.55 billion cash, pending, expected to close in H2 calendar 2026
- Aerospace Systems Sales
- $7,061 million; segment operating margin 26.0%
- Curtis Acquisition Price
- approximately $1.0 billion net of cash, completed September 18, 2025
- Share Repurchases FY2026
- 1.2 million shares for $1.0 billion; 18.8 million shares remaining authorized
- Non Affiliate Market Value
- $110,763,388,251 as of December 31, 2025
- Diversified Industrial Sales
- $14,438 million; segment operating margin 23.8%
Price after filing
Close on the filing date to close N calendar days later (from $1001.74). Historical, not a forecast.
AI analysis
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