Industrials · Industrial Machinery & Supplies & Components · US stock · price as of 16 Oct 2026
Key indicators
Price
$963.34
52-week range
$715.21 – $1,097.73
Market cap
$123.4B
P/E (trailing)
33.8×
EV / EBITDA
25.9×
Free-cash-flow yield
3.2%
Dividend yield
0.8%
Revenue (last 12 months)
$21.5B
Revenue growth (3y a year)
4.1%
Operating margin
23.6%
Return on invested capital
17.2%
Net debt / EBITDA
1.6×
Fair value
Blended fair value$783.66 range $740 – $832
Versus priceFair−19% to fair value
Peer multiples
$794.88
Fundamentals-adjusted multiple
$770.81
10-year DCF (market-scaled)
$785.27
Earnings power value (floor, not blended)
$249.20
Model uncertainty
Medium
X-Ray Score
51/ 100 · High confidence · ahead of 51% of sector peers
Valuation28
Growth58
Profitability55
Financial health65
Dividends58
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Parker-Hannifin makes motion and control technologies, including hydraulic, pneumatic and electromechanical components, filtration products, seals and aerospace systems. These parts are used in aircraft, factory equipment, trucks, construction machinery and many other applications. The company sells to manufacturers and through a large distributor network, and it earns revenue from original equipment sales as well as replacement parts and aftermarket service.
Revenue over the last twelve months was $21.5 billion, and it grew 4.1% a year over the past three years. The business shows an operating margin of 23.6% and a return on invested capital of 17%. Net debt to EBITDA is 1.6 times. A dividend is paid, with a yield of 0.8%.
StocksXray gives Parker-Hannifin Corp an X-Ray Score of 51 out of 100 (high confidence), ahead of 51% of the S&P 500 stocks in its sector. Its strongest lens is financial health (65) and its weakest is valuation (28).
Our fair value blend is $783.66 (range $740.49 to $831.87). At $963.34 the stock trades 23% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Parker-Hannifin Corp (PH)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$233.67
$376.95
$495.30
$691.04
$976.15
$963.34
Market cap
$30.5B
$49.0B
$64.5B
$90.0B
$125.0B
$123.4B
P/E
23.2×
23.5×
22.7×
25.5×
34.3×
33.8×
EV / revenue
2.7×
3.3×
3.7×
5.0×
6.2×
6.1×
EV / EBITDA
14.4×
18.5×
18.3×
22.7×
26.2×
25.9×
Price / free cash flow
13.8×
18.8×
21.6×
26.9×
32.0×
31.6×
Free-cash-flow yield
7.3%
5.3%
4.6%
3.7%
3.1%
3.2%
Price / book
3.4×
4.7×
5.3×
6.6×
8.1×
8.0×
Dividend yield
1.89%
1.45%
1.23%
0.97%
0.76%
0.79%
Fundamentals checklist ● 4 Good · ● 9 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.3%Average
Free-cash-flow yield3.2%Bad
Risk models
Altman Z score5.1×Good
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)21.1%Good
Free-cash-flow growth (3y)14.5%Average
Revenue growth (3y)4.1%Average
Growth consistency80%Average
Balance sheet
Current ratio1.3×Average
Net debt / EBITDA1.6×Average
Interest cover12.6×Average
Valuation
Fair value vs price0.8×Bad
EBIT / EV yield3.9%Bad
Profitability
Return on invested capital17.2%Average
Operating margin23.6%Good
Gross profitability26.2%Average
XStocksXray
Parker-Hannifin Corp (PH)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
15,862
19,065
19,930
19,850
21,499
21,499
Gross profit
5,311
6,429
7,128
7,315
8,102
8,102
Operating income
2,975
3,404
4,069
4,347
5,068
5,068
Net income
1,316
2,084
2,845
3,532
3,649
3,649
Diluted EPS ($)
10.09
16.04
21.84
27.12
28.48
28.47
Free cash flow
2,212
2,599
2,984
3,341
3,905
3,905
Gross margin
33.5%
33.7%
35.8%
36.9%
37.7%
37.7%
Operating margin
18.8%
17.9%
20.4%
21.9%
23.6%
23.6%
Net margin
8.3%
10.9%
14.3%
17.8%
17.0%
17.0%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
25,944
29,964
29,298
29,494
30,877
30,877
Cash
536
475
422
467
501
501
Total debt
12,880
14,359
10,512
9,301
8,472
8,472
Equity
8,848
10,327
12,072
13,682
15,404
15,404
Dividend per share ($)
4.42
5.47
6.07
6.69
7.40
7.40
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
4,960
5,243
5,084
5,174
5,486
5,755
Growth vs a year earlier
−2.3%
+1.1%
+3.7%
+9.1%
+10.6%
+9.8%
Net income ($M)
962
923
808
845
904
1,092
Diluted EPS ($)
7.37
–
6.29
6.60
7.06
–
XStocksXray
Parker-Hannifin Corp (PH)
Peers in Industrial Machinery & Supplies & Components
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.