PH
Parker-Hannifin Corporation
PH's fundamentals are strong, but it looks expensive: trading at 33x earnings, above its usual 26x. Analysts expect strong earnings growth.
PH Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
PH's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
PH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $617 | -36% |
| Forward | 25x | $958 | — |
| Fair | 26x | $766 | -20% |
| Expensive | 32x | $930 | -2.9% |
| Current | 33x | $958 | — |
Historical ranges are pointers, not guarantees.
PH's PE is in its expensive range at 33x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its fair range.
PH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for PH, with profitability holding steady.
PH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $37.92 | +30% |
| Q3 2026 | $29.11 | +3.7% |
| Q2 2026 | $28.48 | +5% |
| Q1 2026 | $27.11 | +4.2% |
| Q4 2025 | $27.42 | +13% |
| Q3 2025 | $28.07 | +26% |
| Q2 2025 | $27.12 | +24% |
| Q1 2025 | $26.02 | +22% |
| Q4 2024 | $24.21 | +20% |
PH's earnings per share have climbed steadily: $29.11 over the past year, up 3.7% from the year before, and higher year over year for 14 quarters in a row.
PH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6B | +18% |
| Q2 2026 | $5.8B | +9.8% |
| Q1 2026 | $5.5B | +11% |
| Q4 2025 | $5.2B | +9.1% |
| Q3 2025 | $5.1B | +3.7% |
| Q2 2025 | $5.2B | +1.1% |
| Q1 2025 | $5B | -2.2% |
| Q4 2024 | $4.7B | -1.6% |
PH's revenue has grown year over year for six quarters in a row: $6B last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +0.3 points |
| Q2 2026 | 26% | +2.9 points |
| Q1 2026 | 22% | +0.1 points |
| Q4 2025 | 23% | +1.9 points |
| Q3 2025 | 23% | +1.7 points |
| Q2 2025 | 23% | +1.6 points |
| Q1 2025 | 22% | +2 points |
| Q4 2024 | 21% | +0.9 points |
PH's operating margin was 24% last quarter, about level with the same quarter a year ago, near the top of its range since 2019.
PH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $643M | -7.2% |
| Q2 2026 | $1.6B | +17% |
| Q1 2026 | $881M | +62% |
| Q4 2025 | $768M | -5.6% |
| Q3 2025 | $693M | +6.8% |
| Q2 2025 | $1.3B | +19% |
| Q1 2025 | $542.4M | -24% |
| Q4 2024 | $813.6M | +37% |
PH's free cash flow has been positive every quarter for seven years: $3.9B over the past year, up 14% from the year before.
PH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -300K shares |
| 1 year | -0.5% | -600K shares |
| 3 years | -2% | -2.6M shares |
| 5 years | -2.3% | -3M shares |
| Available history | -2.1% | -2.7M shares |
PH has 128M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $118M |
| Q2 2026 | $255M |
| Q1 2026 | $340M |
| Q4 2025 | $145M |
| Q3 2025 | $522M |
| Q2 2025 | $906.1M |
| Q1 2025 | $667.6M |
| Q4 2024 | $98.5M |
PH spent $858M buying back its own shares over the past year, down 61% from the year before.
PH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.2x | Moderate |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 2.0x | Healthy |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.4x | Moderate |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.0x | Moderate |
PH's net debt is about 2.2 years of its operating earnings (EBITDA), about the same as a year ago.
PH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.0 | Neutral |
| Stochastic | 25.4 | Neutral |
PH's weekly RSI is 52 (neutral) and its Stochastic is 25 (neutral).
PH PE vs Industrials Sector
| Metric | PH | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 24x | 37% above |
| PE % | 87 | 58 | 29 pts above |
PH is trading at 33x earnings, a 37% premium to the Industrials sector's median of 24x.
PH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $941.6 | 1.7% above |
| 20 week MA | $967.9 | 1% below |
| 50 week MA | $940.3 | 1.9% above |
| 100 week MA | $817.4 | 17% above |
| 200 week MA | $644.4 | 49% above |
PH's trend is mixed: it's above four of its five weekly moving averages, and 49% above its 200-week average.
PH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $207.0 | $269.5 | +30% |
| 2021 | $269.5 | $311.9 | +16% |
| 2022 | $311.9 | $291.0 | -6.7% |
| 2023 | $291.0 | $460.7 | +58% |
| 2024 | $460.7 | $643.8 | +40% |
| 2025 | $643.8 | $888.1 | +38% |
| 2026 YTD | $888.1 | $958.0 | +7.9% |
PH has finished higher in five of the last six years. It's up 7.9% so far in 2026.