Short answer
Parker Hannifin (PH) filed its fiscal 2026 10-K annual report with the SEC on Aug 21, 2026. It reported revenue of $21.5B (+8.3% year over year) and net income of $3.6B.
- Top risk flagged: U.S. government contracting risk under ITAR and Cybersecurity Maturity Model Certification; potential suspension or fines for non-compliance with U.S. government regulations
FY2026 key financial metrics · XBRL
- Revenue
- $21.5B
- +8.3% YoY
- Net income
- $3.6B
- +3.3% YoY
- Operating margin
- 23.6%
- +1.7 pp YoY
- EPS (diluted)
- $28.48
- +5.0% YoY
- ROE
- 23.7%
- −2.1 pp YoY
- Operating cash flow
- $4.4B
- +15.6% YoY
Source: XBRL data from the Parker Hannifin (PH) FY2026 10-K on SEC EDGAR. USD.
Parker Hannifin FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Global leader in motion and control technologies for aerospace, industrial, transportation, energy, HVAC markets
- New acquisitions: Curtis Instruments (2025), Filtration Group Corporation (2026), pending acquisition of CIRCOR Aerospace
- Strategic emphasis on The Win Strategy™ 3.0 driving growth, engagement, and operational excellence
- Workforce size: approximately 59,850 employees, with 30,830 in foreign subsidiaries as of June 30, 2026
- Backlog increased to $12.8B in 2026 from $11.0B in 2025, with 70% scheduled for delivery within 12 months
Management Discussion & Analysis
- Revenue $21.5B, up 8.3% YoY (+$1.65B); organic growth 6.6%, acquisitions net +$91M, divestitures -0.7%
- Gross profit margin 37.7% vs 36.9%; Diversified Industrial operating margin 23.8% vs 22.8%, Aerospace Systems margin 26.0% vs 23.3%
- Best performing segment: Aerospace Systems with 14.2% sales growth, operating income $1.83B; worst: Diversified Industrial with 5.7% sales growth, operating income $3.44B
- Operating cash flow $4.36B (+$588M YoY); investing cash outflow $1.39B (down $224M); financing cash used $2.93B (improved by $1.04B); $1.0B share repurchases in 2026
- Management expects $90M business realignment and $25M acquisition integration charges in 2027; pending $2.55B CIRCOR Aerospace acquisition closing H2 2026
Risk Factors
- U.S. government contracting risk under ITAR and Cybersecurity Maturity Model Certification; potential suspension or fines for non-compliance with U.S. government regulations
- Geopolitical risk from U.S.-China trade tensions and potential USMCA renegotiation; 36% sales outside U.S. increase exposure to tariffs and trade restrictions
- Supply chain concentration risk due to reliance on limited suppliers for specialty electronics, rare earths, and aerospace super alloys, risking costly or delayed production
- Competitive risk from rapid AI technology development; failure to integrate AI into products and operations may reduce revenues and market position
- Financial risk from high indebtedness to fund acquisitions like FGC and pending CIRCOR Aerospace deal; restrictive covenants may limit capital flexibility
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