Parker Hannifin Corp Overview
| Field | Detail |
|---|---|
| Entity profiled | Parker-Hannifin Corporation (the requested entity; exact legal-name match) |
| Listing status | Public company — confirmed (matches input type) |
| Legal name | Parker-Hannifin Corporation [Filing: FY2026 10-K cover] |
| Former names | Parker Appliance Company (founding name); renamed Parker-Hannifin Corporation following the 1957 acquisition of Hannifin Corporation |
| Founded | 1917, Cleveland, Ohio (by Arthur L. Parker) |
| Incorporation | Ohio, 1938 [Filing: FY2026 10-K, Item 1] |
| IRS Employer ID | 34-0451060 [Filing] |
| Headquarters | 6035 Parkland Boulevard, Cleveland, Ohio 44124-4141, USA; tel. +1 216 896 3000 [Filing] |
| Exchange / ticker | New York Stock Exchange: PH (common shares, $0.50 par) [Filing] |
| ISIN | US7010941042 [Secondary] |
| CUSIP | 701094104 (derived from ISIN) |
| SEC Commission file no. | 1-4982 |
| Filer status | Large Accelerated Filer; Well-Known Seasoned Issuer [Filing] |
| Fiscal year end | 30 June |
| Shares outstanding | 126,047,469 at 31 July 2026; 126,112,415 at 4 September 2026 (proxy record date) [Filing] |
| Shareholders of record | 2,847 at 31 July 2026 [Filing] |
| Employees ("team members") | ~59,850 at 30 June 2026, of which ~30,830 employed by foreign subsidiaries [Filing: FY2026 10-K] |
| Auditor | Deloitte & Touche LLP (auditor since FY2008) [Filing: 2026 proxy] |
| Non-affiliate market value | $110.76 billion at 31 December 2025 [Filing: 10-K cover] |
| Market capitalization (latest verifiable) | ~$121.4 billion [Computed: $962.59 closing price on 5 Sept 2026 × 126.1M shares; Secondary price source]. |
| Website | www.parker.com; investor site investors.parker.com |
| Corporate rank | Fortune 250 (company self-description) |
| Credit ratings (30 June 2026) | Moody's A3; S&P BBB+ (outlook raised to Positive in 2026 [Secondary]); Fitch A- [Filing: FY2026 10-K] |
| Metric | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Employees (approx., headcount) | 62,730 | 61,120 | 57,950 | 59,850 |
Source: FY2026 from 10-K [Filing]; FY2023–FY2025 from prior 10-Ks as compiled by an aggregator [Secondary]. The FY2025 decline reflects the FY2025 divestitures of the composites and fuel containment (CFC) business and a non-core filtration business; the FY2026 increase reflects the Curtis Instruments acquisition (September 2025). The ~7,500 Filtration Group employees joined after fiscal year-end (13 August 2026) and are not in the FY2026 count.
Parker-Hannifin is the world's largest pure-play motion-and-control technology company, combining eight interconnected core technologies — hydraulics, pneumatics, electromechanical, filtration, fluid and gas handling, process control, engineered materials and climate control — across two reportable segments: Diversified Industrial (67% of FY2026 sales) and Aerospace Systems (33%). The company sells hundreds of thousands of part numbers, none above 1% of sales, through OEM channels and a global distributor network serving several hundred thousand customer locations. Its decentralized operating model is run through "The Win Strategy™ 3.0", a business system credited with lifting adjusted segment operating margin from 22.3% (FY2022) to a record 27.3% (FY2026). Portfolio transformation — CLARCOR (2017), LORD and Exotic Metals (2019), Meggitt (2022), Curtis (2025), Filtration Group (2026) and the pending CIRCOR Aerospace deal — has shifted the mix toward aerospace, aftermarket and longer-cycle, higher-margin revenue. Management targets 30% adjusted segment margins by FY2031.
What the company does — company description
In its FY2026 Form 10-K, Parker describes itself as a global leader in motion and control technologies that uses a combination of interconnected technologies to design, manufacture and provide aftermarket support for highly engineered solutions, principally for aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets. The company emphasizes a decentralized operating structure intended to deepen customer relationships and team-member engagement, governed by The Win Strategy (goals: Engaged People, Customer Experience, Profitable Growth, Financial Performance) and anchored by the purpose statement "Enabling Engineering Breakthroughs that Lead to a Better Tomorrow". [Filing: FY2026 10-K, Item 1]
Reportable segments and market verticals
| Segment | FY2026 share of sales | Channels | Principal market verticals / platforms |
|---|---|---|---|
| Diversified Industrial | 67% ($14,438M) | OEMs and independent distributors (aftermarket replacement); field sales force | Aerospace & defense, in-plant & industrial equipment, transportation, off-highway, energy, HVAC & refrigeration |
| Aerospace Systems | 33% ($7,061M) | Direct to OEMs and end users via regional sales organizations | Commercial transport, regional transport, defense fixed wing, helicopters, business jets, energy (industrial gas turbines) |
[Filing: FY2026 10-K]
Business and revenue model
Product vs. service vs. subscription vs. licensing mix. Parker's revenue is overwhelmingly product revenue, recognized mostly at a point in time on shipment; a portion (largely aerospace development and long-production contracts) is recognized over time using cost-to-cost, efforts-expended or units-of-delivery methods [Filing: FY2026 10-K, Critical Accounting Policies]. The company does not disclose a numeric product/service/subscription/licensing split — not publicly disclosed. Repair, overhaul and spares in Aerospace Systems function as a service-like aftermarket annuity, and distributor-channel replacement parts in Diversified Industrial play the same role, but the aggregate aftermarket percentage for Parker as a whole is not disclosed in the filings reviewed. Disclosed indicators of aftermarket intensity include: Filtration Group derives ~85% of its sales from aftermarket replacement, and the deal lifts Parker Filtration's aftermarket share by ~500 bps [Filing: FGC press release, 11 Nov 2025]; Aerospace FY2026 Q3 aftermarket sales grew 14% with commercial OEM up 22% [Filing: Q3 FY2026 release].
Value-chain position. Parker is a Tier-1/Tier-2 component and subsystem supplier. In aerospace, it holds sole-source positions on airframe and engine programs (flight control, fuel, hydraulic, braking, thermal, inerting and fire-protection systems) from which it earns decades of follow-on spares and repair revenue. In industrial markets, it supplies engineered components (fittings, hose, valves, pumps, seals, filters, actuators, controls) into OEM equipment and services the installed base through distributors.
Customer types. OEMs (aircraft and engine makers, machinery, truck, agricultural, construction, semiconductor-equipment, HVAC/R and energy-equipment builders), airlines and MRO providers, defense agencies and primes (including the U.S. government, which brings ITAR, EAR and CMMC obligations), and independent distributors. No single product exceeds 1% of sales [Filing].
Pricing. Management describes value-based pricing ("priced by the value they deliver") as a strategic objective [Filing: FY2026 10-K MD&A]. List-price or contract-pricing models are not publicly disclosed.
Independent characterization
Parker is best understood as a compounder of engineered-component franchises that uses a common operating system (Win Strategy, lean, Simple-by-Design, high-performance teams, "local-for-local" supply) to raise margins of acquired businesses. Since FY2022, three structural shifts are visible in the numbers: (1) aerospace mix has risen from 15.9% of sales (FY2022) to 32.8% (FY2026), with Aerospace now the highest-margin segment (26.0% reported, 29.9% adjusted); (2) margin step-change — total adjusted segment operating margin up 500 bps in four years; and (3) cash generation — FCF margin up from 13.9% to 18.2%. The FY2027 portfolio (with Filtration Group, Curtis and, if closed, CIRCOR Aerospace) will be more aftermarket-weighted and less exposed to the short-cycle North American industrial base that drove three years of flat-to-negative organic growth in FY2024–FY2025.
Strategy
Stated strategy (themes from FY2026 10-K and releases)
Business system: The Win Strategy 3.0 — four goals (Engaged People, Customer Experience, Profitable Growth, Financial Performance), supported by values of a winning culture, passionate people, valued customers and engaged leadership.
Safety first: ambition to be the safest industrial company in the world (lowest recordable incident rate among proxy peers); recordable incident rate down >50% since FY2019; FY2026 was the "safest year ever".
Portfolio of interconnected technologies: focus verticals of aerospace & defense, in-plant & industrial, transportation, off-highway, energy and HVAC/R; per management, the interconnected technology platforms now represent about 65% of pro forma sales [Secondary: Q4 call].
Decentralized division and sales-company structure: with lean, kaizen and high-performance teams.
- Value pricing, local-for-local manufacturing and dual sourcing to manage tariffs and inflation.
Secular growth themes: aerospace (commercial OEM ramp and aftermarket), electrification (Curtis), clean technologies (hydrogen, filtration, thermal), digitization, and data-center/AI infrastructure (named in risk factors as a market Parker must position for).
Capital deployment priorities: organic growth and productivity; record annual dividend increases; strategic acquisitions; share repurchases.
Medium-term financial targets
| Target | FY2029 framework (Aug 2024) | FY2031 framework (Aug 2026) |
|---|---|---|
| Organic sales growth (through the cycle) | 4–6% | 4–6% |
| Adjusted segment operating margin | 27% (achieved in FY2026 at 27.3%) | 30% |
| Free cash flow margin | 17% | 17% |
| Adjusted EPS growth | >10% | >10% |
[Filing: FY2024 and FY2026 Q4 releases]
Strategic initiatives — last 24 months
| Initiative | Date | Detail / target |
|---|---|---|
| Curtis Instruments acquisition | Closed 18 Sept 2025 | ~$1.0B; electrification (motor controllers, battery management, instrumentation); added ~$237M sales in FY2026 |
| Filtration Group acquisition | Announced 11 Nov 2025; closed 13 Aug 2026 | $9.25B (19.6x CY2025E adjusted EBITDA; 13.4x with synergies); ~$220M pre-tax cost synergies by year 3; high-single-digit cash ROIC by year 5 |
| CIRCOR Aerospace acquisition | Announced 21 May 2026; pending | $2.55B; ~22.7x CY2026E adjusted EBITDA net of tax benefits (18.2x with synergies of ~10% of sales) |
| Portfolio pruning | FY2025 | CFC and non-core filtration divestitures ($621M proceeds) |
| Order-reporting change | From FY2027 | All order rates on rolling 12-month basis to reflect a longer-cycle portfolio |
| Business realignment | FY2026–FY2027 | $72M (FY2026); ~$90M expected in FY2027 plus ~$25M integration charges |
| Capex step-up | FY2027 | 2.5% of sales vs. 2.0% long-term target |
| Debt facilities | FY2026 | Revolver/CP program raised to $3.75B; $5.25B 364-day and $2.5B 3-year term loans |
| Decarbonization | Ongoing | Near-total Scope 1 and 2 decarbonization by 2040; 50% absolute cut by 2030 vs. FY2019; SBTi validation of Scope 1, 2 and 3 targets in FY2026 |
| AI governance | FY2026 | Management AI risk steering committee (CEO, COO, CFO, GC, EVP HR, CDIO); Board oversight of AI risk flagged for strengthening |
| Supplier emissions | FY2026 | New supplier carbon-data collection; goal for suppliers representing two-thirds of Scope 3 emissions to set science-based targets within four years |
FY2027 guidance (issued 6 Aug 2026; excludes FGC and CIRCOR Aerospace)
| Item | Guidance |
|---|---|
| Reported sales growth | 5.5% to 8.5% |
| Organic sales growth | 5.5% to 8.5% (acquisitions ~+0.5%, currency ~-0.5%) |
| Segment operating margin | 24.5% to 24.9% (adjusted 27.5% to 27.9%) |
| Diluted EPS | $30.00 to $31.00 |
| Adjusted EPS | $34.25 to $35.25 (midpoint $34.75, +7.6% vs FY2026) |
| Capex | ~2.5% of sales |
Products & Services
Parker offers hundreds of thousands of part numbers; product-level revenue, pricing models and launch years are not publicly disclosed unless stated. The catalog below follows the FY2026 10-K product lists, organized by segment and operating group, supplemented with well-known brand names (brand attributions marked [Secondary] where not in filings reviewed).
Diversified Industrial Segment
| Product line | Description / capabilities | Target customers | Flagship brands / notes |
|---|---|---|---|
| Electric & hydraulic pumps and motors | Piston, vane and gear pumps; hydraulic and electric motors for mobile and industrial power | Construction, agriculture, material handling, industrial machinery OEMs | Gold Cup, Denison vane pumps [Secondary] |
| Electric & hydraulic valves | Directional, proportional and servo valves; manifolds; cartridge valves | Mobile and industrial OEMs | — |
| Electromechanical & hydraulic actuators | Cylinders, rotary actuators, linear electric actuators | Factory automation, mobile equipment | — |
| Electronics, drives & controllers | Motion controllers, drives, mobile electronic control systems; motor controllers, battery management, vehicle instrumentation (Curtis, acquired Sept 2025) | Electric/hybrid vehicle, forklift, AGV and mobile-machine OEMs | IQAN mobile electronics [Secondary]; Curtis Instruments |
| Pneumatic actuators, regulators & valves | Air-preparation, valves, cylinders, grippers | Factory automation, packaging, life sciences | — |
| Miniature pumps & valves | Precision fluidics for analytical and medical devices | Medical, life-science instrument OEMs | — |
| Power take-offs | PTOs transferring engine power to auxiliary equipment | Truck and work-vehicle OEMs and upfitters | Chelsea [Secondary] |
| Fluid conveyance hose & tubing | Hydraulic, industrial and thermoplastic hose; tubing; crimping systems | Mobile/industrial OEMs; distributors (MRO) | Parflex, Parkrimp [Secondary] |
| High-pressure connectors, fittings, valves & regulators | Tube fittings, quick couplings, hose fittings | OEMs, distribution, energy | Triple-Lok, Seal-Lok, Ferulok [Secondary] |
| High-purity fittings, valves & regulators | Ultra-high-purity gas delivery components | Semiconductor fab-equipment makers | Veriflo [Secondary] |
| Cryogenic valves & fittings | Components for LNG, industrial gases, hydrogen | Energy and gas OEMs | — |
| Hydrogen & natural gas filters | Filtration for gas fuels | Energy infrastructure, mobility | — |
| HVAC/R controls & monitoring | Refrigerant valves, controls, monitoring | HVAC/R OEMs, contractors, distribution | Sporlan [Secondary] |
| Thermal management | Thermal interface materials, cooling components | Electronics, EV, data-center equipment | Chomerics thermal products [Secondary] |
| Engine filtration solutions | Fuel, oil, air filters and fuel-water separators | Truck, off-highway, marine; aftermarket | Racor, Baldwin [Secondary] |
| Industrial air & gas filtration | Compressed-air and gas filtration, dryers, gas generators | Manufacturing, food & beverage, labs | domnick hunter [Secondary] |
| Process filtration solutions | Liquid and gas process filtration | Chemicals, pharma, power, water | — |
| Fluid condition monitoring | Sensors/diagnostics for fluid cleanliness | Industrial and mobile hydraulics | — |
| Sensors & diagnostics | Pressure, temperature, condition sensors | OEMs across verticals | — |
| Elastomeric, fabric-reinforced, metal & precision-cut seals | O-rings, custom seals | Broad OEM base, aerospace, semiconductor | Parker O-Ring & Engineered Seals; Prädifa [Secondary] |
| High-purity and high-temperature sealing | Seals for semiconductor and extreme environments | Semiconductor, energy | — |
| Electromagnetic interference (EMI) shielding | Conductive elastomers, gaskets, coatings | Defense electronics, telecom, data centers | Chomerics [Secondary] |
| Active & passive vibration control | Mounts, isolators, active noise/vibration systems | Aerospace, off-highway, industrial | LORD (acquired 2019) |
| Structural adhesives; rubber-to-substrate adhesives; coatings | Bonding agents, coatings | Automotive, industrial, aerospace | LORD (Chemlok, Versilok) [Secondary] |
| Filtration Group Corporation portfolio (from 13 Aug 2026) | Proprietary filtration for critical applications including life sciences and HVAC/R, plus clean-water solutions; ~85% aftermarket | Industrial, HVAC/R, life sciences, power, transport | ~$2B CY2025 sales, 23.5% adjusted EBITDA margin [Filing: FGC release, 424B5] |
Aerospace Systems Segment
| Product line | Description / capabilities | Target customers | Flagship / notes |
|---|---|---|---|
| Flight control systems | Primary and secondary flight-control actuation (hydraulic, electro-hydraulic, electromechanical) | Airframers (commercial, defense, rotorcraft) | — |
| Hydraulic pumps, motors, valves & actuators | Aircraft hydraulic generation and control | Airframers, MRO | — |
| Electromechanical actuators | More-electric aircraft actuation | Airframers, eVTOL developers | — |
| Fuel systems & components | Engine and airframe fuel pumps, valves, nozzles, gauging | Engine and airframe OEMs | Fuel nozzles also via Advanced Atomization Technologies JV [Filing: exec bios] |
| Fuel tank inerting systems | Nitrogen-generation systems reducing fuel-tank flammability | Commercial and military airframes | — |
| Electric & hydraulic braking systems | Wheels, brakes and brake control | Airframers, airlines (aftermarket-intensive) | Legacy Meggitt braking systems |
| Fire detection & suppression | Engine and cabin fire detection/suppression | Airframers, engine OEMs | Legacy Meggitt |
| Avionics; sensors | Engine-vibration monitoring, sensors, avionics | Engine and airframe OEMs | Legacy Meggitt sensing |
| Engine exhaust systems & components | Fabricated engine structures and exhaust | Engine OEMs | Exotic Metals Forming (2019) |
| Thermal management | Heat exchangers, cooling | Airframes, engines, defense electronics | — |
| Fluid conveyance; pneumatics; seals | Ducting, couplings, valves, aerospace seals | Airframers, engine OEMs | — |
| Electric power | Aircraft power generation/distribution components | Airframers | — |
| CIRCOR Aerospace (pending) | Flight-critical motion and flow control (fluid control, pneumatic, electromechanical and actuation) | Commercial and defense programs | ~$270M CY2026E sales, >40% adjusted EBITDA margin [Filing: CIRCOR release] |
Services
Aftermarket parts, repair and overhaul (aerospace), application engineering, and distributor-delivered MRO support. Separate service revenue is not publicly disclosed.
Financial Narrative
All figures USD millions unless noted; fiscal years ending 30 June. Sources: FY2023, FY2024 and FY2026 Q4 earnings releases (Exhibit 99.1) and FY2026 10-K [Filing]; ratios [Computed].
Income statement
EBITDA = net income (incl. NCI) + taxes + D&A + interest [Computed; FY2023–FY2024 match company-reported EBITDA of $4,071.7M and $5,028.2M].
Margins and growth
FY2025 organic growth (~1%) is approximate: derived from FY2025 reported decline adjusted for divestitures and currency; not taken directly from a filing reviewed. Revenue CAGR FY2022–FY2026: 7.9% [Computed]. Adjusted EPS CAGR FY2022–FY2026: 14.6% [Computed].
Balance sheet (30 June)
FY2022 distortion: "Prepaid expenses and other" at 30 June 2022 ($6,383M) included roughly $6.1B of restricted cash escrowed for the Meggitt purchase (cash, equivalents and restricted cash totalled $6,647.9M). Adjusting for escrow, FY2022 net debt was ~$4.8B and working capital excluding escrow was approximately $0.1B [Computed]. Post-balance-sheet: the FGC closing (13 Aug 2026) added $7.75B of term loans plus cash consideration; pro forma net debt is therefore materially higher than the $8.0B shown for June 2026.
Cash flow
Program share repurchases: FY2025 2.5M shares for $1.6B; FY2026 1.2M shares for $1.0B [Filing: FY2026 10-K]. FY2026 shareholder returns ≈ $2.0B.
Ratios
Methodology: all [Computed] from year-end balances; NOPAT = operating income × (1 – effective tax rate). The company's own working-capital metrics differ slightly: DSO 51 days (FY2025) and 50 days (FY2026); days supply of inventory 82 (FY2025) and 86 (FY2026) [Filing]. Covenant: debt-to-(debt + equity) of 0.36 vs. a 0.65 maximum at 30 June 2026 [Filing]. S&P cited adjusted leverage of 1.6x at 31 March 2026 [Secondary].
Commentary on trends, inflections and drivers
Revenue. Reported growth was dominated by M&A in FY2023 (Meggitt contributed 13.1 points), then flattened in FY2024–FY2025 as North American industrial and transportation markets contracted and divestitures removed sales. FY2026 is the inflection year: 6.6% organic growth, accelerating every quarter (Q1 ~5%, Q2 6.6%, Q3 6.5%, Q4 8.0%), driven by aerospace (+13.4%) and a broadening industrial recovery, with Q4 orders up 19% overall.
Margins. Gross margin expanded 420 bps in four years (33.5% → 37.7%) through aerospace aftermarket mix, pricing, lean productivity and integration synergies. SG&A fell from 17.6% of sales (FY2023) to 16.1% (FY2026). The $84M IEEPA tariff refund flattered FY2026 GAAP margins by ~40 bps but is excluded from adjusted figures.
Earnings quality. GAAP EPS was depressed in FY2022–FY2023 by Meggitt deal-contingent forward losses ($1.0B and $0.4B pre-tax) and acquisition costs. FY2025 GAAP EPS was flattered by $253M of divestiture gains and a $215M discrete tax benefit (valuation-allowance release), producing a 14.0% tax rate; normalization to 20.0% explains why FY2026 GAAP net income grew only 3% while adjusted net income grew 16%. Acquired-intangible amortization ($584M in FY2026, $4.56/share) is the largest recurring GAAP-to-adjusted bridge item.
Balance sheet and cash. The Meggitt-era peak leverage (net debt/EBITDA ~3.0x at FY2023) was reduced to 1.36x by FY2026 through $3.4–$4.4B of annual operating cash flow. This deleveraging created capacity for the FGC ($9.25B) and CIRCOR Aerospace ($2.55B) acquisitions, which will push leverage back up in FY2027. Goodwill plus intangibles ($18.4B) equals 60% of total assets — an impairment-sensitivity point. Cash conversion remains strong (FCF ≥ net income in four of five years).
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Revenue by Segment
| Segment | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
Diversified Industrial – North America (USD Mn) | 7,703.2 | 8,916.2 | 8,800.0 | 8,134 | 8,392 |
Diversified Industrial – International (USD Mn) | 5,638.9 | 5,789.5 | 5,657.1 | 5,531 | 6,046 |
Diversified Industrial – Total (USD Mn) | 13,342.0 | 14,705.7 | 14,457.1 | 13,665 | 14,438 |
Aerospace Systems (USD Mn) | 2,519.6 | 4,359.5 | 5,472.5 | 6,185 | 7,061 |
Total Parker (USD Mn) | 15,861.6 | 19,065.2 | 19,929.6 | 19,850 | 21,499 |
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View Subscription PlansRevenue by Segment — Diversified Industrial – North America
| Segment | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
Diversified Industrial – North America (USD Mn) | 1,515.3 | 1,853.1 | 1,963.9 | 1,891 | 2,041 |
Diversified Industrial – International (USD Mn) | 1,178.0 | 1,218.3 | 1,212.5 | 1,229 | 1,399 |
Aerospace Systems (USD Mn) | 501.4 | 562.4 | 1,110.7 | 1,441 | 1,833 |
Total segment operating income (USD Mn) | 3,194.7 | 3,633.9 | 4,287.1 | 4,561 | 5,273 |
Margin
| Margin | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
DI North America – reported (%) | 19.7 | 20.8 | 22.3 | 23.2 | 24.3 |
DI North America – adjusted (%) | 22.2 | 22.9 | 24.6 | 25.5 | 26.3 |
DI International – reported (%) | 20.9 | 21.0 | 21.4 | 22.2 | 23.1 |
DI International – adjusted (%) | 22.6 | 22.9 | 23.6 | 24.5 | 25.8 |
Aerospace Systems – reported (%) | 19.9 | 12.9 | 20.3 | 23.3 | 26.0 |
Aerospace Systems – adjusted (%) | 22.3 | 22.8 | 26.6 | 28.5 | 29.9 |
Total segment – reported (%) | 20.1 | 19.1 | 21.5 | 23.0 | 24.5 |
Total segment – adjusted (%) | 22.3 | 22.9 | 24.9 | 26.1 | 27.3 |
Segment Margins & Growth (%) and Revenue by Segment (%)
| Metric | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
DI North America reported growth (%) | 15.7 | -1.3 | -7.6 | 3.2 |
DI International reported growth (%) | 2.7 | -2.3 | -2.2 | 9.3 |
Aerospace Systems reported growth (%) | 73.0 | 25.5 | 13.0 | 14.2 |
DI North America share of sales (%) | 46.8 | 44.2 | 41.0 | 39.0 |
DI International share of sales (%) | 30.4 | 28.4 | 27.9 | 28.1 |
Aerospace Systems share of sales (%) | 22.9 | 27.5 | 31.2 | 32.8 |
Components
| Component | DI North America | DI International | DI Total | Aerospace | Parker |
|---|---|---|---|---|---|
Reported growth | 3.2 | 9.3 | 5.7 | 14.2 | 8.3 |
Currency | 0.4 | 3.4 | 1.7 | 0.8 | 1.2 |
Divestitures | -1.8 | 0.0 | -1.1 | 0.0 | -0.7 |
Acquisitions | 1.5 | 2.0 | 1.7 | 0.0 | 1.2 |
Organic growth | 3.1 | 3.9 | 3.4 | 13.4 | 6.6 |
Revenue by Segment (FY2025–FY2026)
| Segment | FY2025 | FY2026 |
|---|---|---|
Diversified Industrial backlog (USD Mn) | 3,655 | 4,332 |
Aerospace Systems backlog (USD Mn) | 7,389 | 8,498 |
Total backlog (USD Mn) | 11,044 | 12,830 |
Income Statement and Per-Share Data
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
Revenue (USD Mn) | 15,861.6 | 19,065.2 | 19,929.6 | 19,850 | 21,499 |
Cost of sales (USD Mn) | 10,550.3 | 12,635.9 | 12,801.8 | 12,535 | 13,397 |
Gross profit (USD Mn) | 5,311.3 | 6,429.3 | 7,127.8 | 7,315 | 8,102 |
SG&A (USD Mn) | 2,504.1 | 3,354.1 | 3,315.2 | 3,255 | 3,468 |
Operating income, sales less COGS and SG&A (USD Mn) | 2,807.2 | 3,075.2 | 3,812.6 | 4,060 | 4,634 |
Total segment operating income (USD Mn) | 3,194.7 | 3,633.9 | 4,287.1 | 4,561 | 5,273 |
Interest expense (USD Mn) | 255.3 | 573.9 | 506.5 | 409 | 401 |
Other expense (income), net (USD Mn) | 937.8 | -178.4 | -288.5 | -456 | -330 |
Pre-tax income (USD Mn) | 1,614.2 | 2,679.7 | 3,594.6 | 4,107 | 4,563 |
Income taxes (USD Mn) | 298.0 | 596.1 | 749.7 | 575 | 914 |
Net income attributable to common (USD Mn) | 1,315.6 | 2,082.9 | 2,844.2 | 3,531 | 3,648 |
Adjusted net income (USD Mn) | 2,440.5 | 2,797.7 | 3,313.5 | 3,559 | 4,139 |
Depreciation & amortization (USD Mn) | 571.8 | 818.1 | 927.1 | 907 | 937 |
EBITDA, GAAP basis (USD Mn) | 2,441.3 | 4,071.7 | 5,028.2 | 5,423 | 5,901 |
EPS basic (USD) | 10.24 | 16.23 | 22.13 | 27.52 | 28.89 |
EPS diluted (USD) | 10.09 | 16.04 | 21.84 | 27.12 | 28.48 |
EPS adjusted diluted (USD) | 18.72 | 21.55 | 25.44 | 27.33 | 32.31 |
Dividends declared per share (USD) | 4.42 | 5.47 | 6.07 | 6.69 | 7.40 |
Diluted shares (M) | 130.4 | 129.8 | 130.2 | 130.2 | 128.1 |
Effective tax rate (%) | 18.5 | 22.2 | 20.9 | 14.0 | 20.0 |
Margin Analysis (%)
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
Revenue growth reported (%) | 10.6 | 20.2 | 4.5 | -0.4 | 8.3 |
Organic growth (%) | 12.3 | 10.5 | 2.3 | 1.0 | 6.6 |
Gross margin (%) | 33.5 | 33.7 | 35.8 | 36.9 | 37.7 |
Operating margin (%) | 17.7 | 16.1 | 19.1 | 20.5 | 21.6 |
EBITDA margin (%) | 15.4 | 21.4 | 25.2 | 27.3 | 27.4 |
Net margin (%) | 8.3 | 10.9 | 14.3 | 17.8 | 17.0 |
Adjusted segment operating margin (%) | 22.3 | 22.9 | 24.9 | 26.1 | 27.3 |
Balance Sheet
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
Total assets (USD Mn) | 25,943.9 | 29,964.5 | 29,297.8 | 29,494 | 30,877 |
Cash & equivalents (USD Mn) | 535.8 | 475.2 | 422.0 | 467 | 501 |
Short-term debt incl. current LTD (USD Mn) | 1,724.3 | 3,763.2 | 3,403.1 | 1,791 | 1,754 |
Long-term debt (USD Mn) | 9,755.8 | 8,796.3 | 7,157.0 | 7,494 | 6,766 |
Total debt (USD Mn) | 11,480.1 | 12,559.5 | 10,560.1 | 9,285 | 8,520 |
Net debt (USD Mn) | 10,944.3 | 12,084.3 | 10,138.1 | 8,818 | 8,019 |
Shareholders' equity (USD Mn) | 8,848.0 | 10,326.9 | 12,072.0 | 13,682 | 15,404 |
Goodwill (USD Mn) | 7,740.1 | 10,628.6 | 10,507.4 | 10,694 | 11,109 |
Intangible assets, net (USD Mn) | 3,135.8 | 8,450.6 | 7,816.2 | 7,374 | 7,280 |
Total current assets (USD Mn) | 12,046.6 | 6,834.2 | 6,798.6 | 6,950 | 7,695 |
Total current liabilities (USD Mn) | 5,859.3 | 7,735.4 | 7,313.3 | 5,819 | 6,096 |
Working capital (USD Mn) | 6,187.3 | -901.1 | -514.7 | 1,131 | 1,599 |
Cash Flow and Margin Analysis (%)
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
Operating cash flow (USD Mn) | 2,441.7 | 2,979.9 | 3,384.3 | 3,776 | 4,364 |
Capital expenditures (USD Mn) | 230.0 | 380.7 | 400.1 | 435 | 459 |
Free cash flow (USD Mn) | 2,211.7 | 2,599.2 | 2,984.2 | 3,341 | 3,905 |
FCF margin (%) | 13.9 | 13.6 | 15.0 | 16.8 | 18.2 |
FCF conversion of net income (%) | 168.1 | 124.8 | 104.9 | 94.6 | 107.0 |
Dividends paid (USD Mn) | 569.9 | 704.1 | 782.0 | 861 | 936 |
Net payments for common shares (USD Mn) | 457.2 | 293.8 | 328.4 | 1,766 | 1,262 |
Acquisitions, net of cash (USD Mn) | 0 | 7,146.1 | 0 | 0 | 1,014 |
Proceeds from divestitures (USD Mn) | 3.4 | 473.2 | 77.7 | 623 | 16 |
Returns & Leverage Ratios (%) and Financial Ratios (x)
| Ratio | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
ROE on year-end equity (%) | 14.9 | 20.2 | 23.6 | 25.8 | 23.7 |
ROA on year-end assets (%) | 5.1 | 7.0 | 9.7 | 12.0 | 11.8 |
ROIC, NOPAT / (debt + equity) (%) | 11.3 | 10.5 | 13.3 | 15.2 | 15.5 |
Current ratio (x) | 2.06 | 0.88 | 0.93 | 1.19 | 1.26 |
Debt / equity (x) | 1.30 | 1.22 | 0.87 | 0.68 | 0.55 |
Net debt / EBITDA (x) | 4.48 | 2.97 | 2.02 | 1.63 | 1.36 |
Interest coverage, operating income / interest (x) | 11.0 | 5.4 | 7.5 | 9.9 | 11.6 |
Asset turnover (x) | 0.61 | 0.64 | 0.68 | 0.67 | 0.70 |
Days sales outstanding (days) | 53.9 | 54.1 | 52.5 | 53.5 | 53.8 |
Days inventory outstanding (days) | 76.6 | 84.0 | 79.5 | 82.7 | 86.3 |
Days payables outstanding (days) | 59.9 | 59.2 | 56.8 | 61.9 | 66.4 |
Cash conversion cycle (days) | 70.6 | 78.9 | 75.2 | 74.3 | 73.7 |
Key Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
Independent R&D (USD Mn) | 191 | 258 | 253 | 240 |
Pre-production development-contract expense (USD Mn) | 74 | 73 | 45 | 58 |
Revenue by Region (%)
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
Sales from selling locations outside the U.S. (% of total) | 36 | 36 | 36 |
Sales from U.S. selling locations (% of total) | 64 | 64 | 64 |
Revenue by Region
| Segment-geography cell (USD Mn) | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
Diversified Industrial – North America (USD Mn) | 8,800.0 | 8,134 | 8,392 |
Diversified Industrial – International (USD Mn) | 5,657.1 | 5,531 | 6,046 |
Aerospace Systems – global (USD Mn) | 5,472.5 | 6,185 | 7,061 |
Components — Reported growth FY2026
| Component | EMEA | Asia Pacific | Latin America | Total International |
|---|---|---|---|---|
Reported growth FY2026 | 7.0 | 13.6 | 0.7 | 9.3 |
Currency | 5.4 | 0.4 | 4.0 | 3.4 |
Acquisitions | 1.5 | 3.0 | 0.0 | 2.0 |
Organic growth FY2026 | 0.1 | 10.2 | -3.3 | 3.9 |
Organic growth Q4 FY2026 | 0.6 | 15.9 | -2.6 | 6.5 |
Share Price
| Metric | FY2025 | FY2026 |
|---|---|---|
Fiscal year-end share price (USD) | 698.47 | 978.12 |
Valuation Snapshot
| Multiple | Value | Basis |
|---|---|---|
Market capitalization | ~$121.4B | 126.1M shares |
P/E, GAAP trailing | 33.8x | FY2026 diluted EPS $28.48 |
P/E, adjusted trailing | 29.8x | FY2026 adjusted EPS $32.31 |
P/E, adjusted forward | 27.7x | FY2027 guidance midpoint $34.75 |
EV / EBITDA | ~21.9x | EV ~$129.4B (market cap + June 2026 net debt $8.0B) / FY2026 EBITDA $5.9B |
EV / Sales | ~6.0x | FY2026 sales $21.5B |
P / B | ~7.9x | June 2026 equity $15.4B |
Dividend yield | ~0.83% | $8.00 annualized |
Source Details
| Source | Data |
|---|---|
Parqet (date unclear, likely mid-2026) | 24 Buy / 13 Hold / 1 Sell; average target ~$927; median ~$915 [Secondary] |
Investing.com (15 Aug 2026) | Implied upside of ~9.2% from $1,055.85 (≈$1,153 target) [Secondary] |
Per-Share Data and Margin Analysis (%)
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
Dividends per share (USD) | 4.42 | 5.47 | 6.07 | 6.69 | 7.40 |
Dividend growth (%) | 20.4 | 23.8 | 11.0 | 10.2 | 10.6 |
Payout ratio on GAAP EPS (%) | 43.8 | 34.1 | 27.8 | 24.7 | 26.0 |
Credit Ratings
| Agency | Rating (30 June 2026) | Outlook |
|---|---|---|
Moody's | A3 | — |
S&P | BBB+ (A-2 short-term) | Positive (revised in 2026) [Secondary] |
Fitch | A- | — |
Capital Instruments
| Instrument | Amount | Coupon | Maturity | Source |
|---|---|---|---|---|
Commercial paper | $1.0B outstanding (30 June 2026) | Floating | Short-term | Filing |
Revolving credit facility | $3.75B, undrawn | Floating | June 2028 (+1-year extension option) | Filing |
364-day term loan | $5.25B drawn Aug 2026 | Floating | ~Aug 2027; to be repaid from Sept 2026 notes | Filing |
3-year term loan | $2.5B drawn Aug 2026 | Floating | ~Aug 2029 | Filing |
Senior notes due 2028 | $525M | 4.750% | 2028 | Filing: 424B5 |
Senior notes due 2029 | $500M | 4.875% | 2029 | Filing: 424B5 |
Senior notes due 2031 | $750M | 5.125% | 2031 | Filing: 424B5 |
Senior notes due 2033 | $625M | 5.300% | 2033 | Filing: 424B5 |
Euro senior notes due 2030 | €700M | 2.900% | 2030 | Filing: Feb 2025 8-K |
Legacy notes (incl. CLARCOR-era 4.10% due 2047; Meggitt-era issues) | per Note 10 | various | various | — |
Analyst Conclusions
Management guidance
FY2027 (excluding FGC and CIRCOR Aerospace): reported and organic sales growth of 5.5–8.5%; adjusted segment margin 27.5–27.9%; adjusted EPS $34.25–$35.25. FY2031 framework: 4–6% organic growth, 30% adjusted segment margin, 17% FCF margin, >10% annual adjusted EPS growth [Filing].
Consensus growth expectations
Prior consensus for Q4 FY2026 adjusted EPS was ~$8.27–$8.31 vs. $9.27 actual [Secondary], a beat continuing a multi-quarter pattern.
Bull case
-
Earnings compounding from mix and synergies: organic growth guided at 5.5–8.5%, ~$220M FGC synergies, and CIRCOR's >40% EBITDA margins support double-digit adjusted EPS growth beyond the 7.6% FY2027 midpoint once acquisitions are included.
-
Industrial upcycle just starting: Q4 FY2026 orders +19% and record $12.8B backlog follow two years of industrial contraction, implying operating leverage on recovering volumes.
-
Proven deleveraging capacity: Parker cut net debt/EBITDA from ~3.0x to 1.36x in three years after Meggitt; ~$4B+ annual FCF can repeat this after FGC.
Bear case
-
Valuation leaves no cushion: at ~28x forward adjusted EPS, ~22x EV/EBITDA and ~7.9x book, any slowdown in aerospace or industrial recovery could compress multiples.
-
Integration overload and full deal prices: FGC at 19.6x EBITDA and CIRCOR at 22.7x require synergy delivery to earn the cost of capital; management targets only a high-single-digit cash ROIC by year five for FGC.
-
Low-quality FY2026 GAAP signals: GAAP net income grew only 3%; part of FY2026 Q4 margin came from the $84M tariff refund; inventory days rose to 86.
Catalysts and monitorables (next 12 months)
| Catalyst / monitorable | Timing |
|---|---|
| 2026 Annual Meeting (say-on-pay, Board refresh) | 28 Oct 2026 |
| Q1 FY2027 results; guidance update including FGC | ~late Oct / early Nov 2026 |
| CIRCOR Aerospace regulatory clearance and closing | 2H CY2026 |
| FGC synergy tracking and integration costs (~$25M FY2027) | Quarterly |
| Rating-agency actions after FGC debt | Ongoing |
| Rolling 12-month order trends (new methodology) | Quarterly |
| Aerospace OEM build rates and aftermarket growth | Quarterly |
| Additional IEEPA tariff refunds | Uncertain timing |
| USMCA renegotiation and China trade policy | 2026–2027 |
| Leverage path toward <3x (S&P upgrade condition) | 18–24 months |
Analyst verdict
Parker-Hannifin enters FY2027 as a markedly better business than the one that bought Meggitt four years ago. Revenue has grown at a 7.9% CAGR since FY2022, adjusted segment margin has expanded by five full points to 27.3%, free cash flow has risen 77% to $3.9B, and Aerospace has become the profit engine, delivering nearly 30% adjusted margins on a $8.5B backlog. FY2026 was also the year the industrial side finally turned: organic growth accelerated every quarter and order intake in the fourth quarter rose 19%, the strongest signal of recovery since the post-pandemic cycle.
Management is using the balance-sheet capacity rebuilt since Meggitt to buy two richly priced but strategically coherent assets — Filtration Group, which deepens the most aftermarket-intensive part of the industrial portfolio, and CIRCOR Aerospace, a small but very high-margin flight-critical bolt-on. Parker's integration record (CLARCOR, LORD, Meggitt) earns it the benefit of the doubt, and the new FY2031 target of 30% margins is credible given the company reached its prior 27% target three years early.
The debate is therefore about price, not quality. At roughly 28x forward adjusted earnings and about 22x trailing EBITDA, the shares already discount successful integration, sustained aerospace double-digit growth and a broad industrial recovery. The main risks are execution slippage across two simultaneous integrations, a stall in the industrial recovery, or an aerospace supply-chain hiccup — any of which would expose the multiple. GAAP results will look noisier in FY2027 as amortization, integration and interest costs rise.
Net assessment: a high-quality industrial compounder with improving fundamentals, strong cash conversion and a credible margin roadmap, priced near the upper end of its historical range. Fundamental momentum is positive; the risk/reward is balanced at current levels, with upside contingent on visible FGC synergy delivery and confirmation that FY2026's order surge converts into FY2027 organic growth at or above the guidance midpoint.
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View Subscription PlansExecutive Leadership
Executive Leadership Team
| Name | Title | Officer since | Age | Prior roles (abridged) |
|---|---|---|---|---|
Jennifer A. Parmentier | Chairman (since Jan 2024) & CEO (since Jan 2023) | 2015 | 59 | COO 2021–22; President Motion Systems Group 2019–21; President Engineered Materials Group 2015–19; GM Hose Products and Sporlan divisions; earlier at Ingersoll Rand Trane and Magna; director of Nordson |
Todd M. Leombruno | EVP & CFO (since Jan 2021) | 2017 | 56 | VP & Controller 2017–21; Engineered Materials Group controller; Director of IR 2012–14; director of Timken |
Andrew D. Ross | President (since Jan 2024) & COO (since Jan 2023) | 2012 | 59 | President Fluid Connectors Group 2015–22; President Engineered Materials Group 2012–15; director of Symbotic |
Mark J. Hart | EVP – HR & External Affairs (since 2016) | 2016 | 61 | VP Total Rewards 2013–16 |
Joseph R. Leonti | EVP, General Counsel & Secretary (EVP since Aug 2025) | 2014 | 54 | VP, GC & Secretary 2014–25 |
Rachid Bendali | VP & President – Engineered Materials Group | 2022 | 49 | Joined via LORD (2019) |
Berend Bracht | VP & President – Motion Systems Group | 2021 | 60 | CEO Bendix Commercial Vehicle Systems; 24 years at Bosch Rexroth |
Mark T. Czaja | VP – Chief Technology & Innovation Officer | 2021 | 64 | Aerospace and Motion Systems technology leadership |
Thomas C. Gentile | VP – Global Supply Chain | 2017 | 54 | Process Filtration Division GM |
Angela R. Ives | VP & Controller | 2021 | 53 | Assistant Controller; group/division controller roles |
Matthew A. Jacobson | VP & President – Filtration Group (since Jul 2025) | 2025 | 47 | VP Operations, Motion Systems Group |
Dinu J. Parel | VP – Chief Digital & Information Officer | 2018 | 45 | CIO at Dover Corporation |
Jay P. Reidy | VP & President – Aerospace Group (since Jan 2024) | 2024 | 43 | GM roles incl. Advanced Atomization Technologies JV |
Patrick M. Scott | VP & President – Fluid Connectors Group (since Jan 2024) | 2024 | 48 | Meggitt integration leader |
Directors' Remuneration
| NEO | Salary (USD) | Stock awards (USD) | Option/SAR awards (USD) | Non-equity incentive (USD) | All other (USD) | Total (USD) |
|---|---|---|---|---|---|---|
Jennifer A. Parmentier (CEO) | ~1.54M | ~7.59M | ~7.84M | ~4.54M | ~1.26M | ~22.76M (+~18% YoY) |
Matthew A. Jacobson | ~0.66M | ~2.57M | ~1.22M | ~0.92M | ~0.18M | ~5.55M |
Executive Leadership Team by Director
| Director | Role / principal occupation | Director since | Age | Independent | Committees |
|---|---|---|---|---|---|
Jennifer A. Parmentier | Chairman & CEO | 2023 | 59 | No | — |
James L. Wainscott | Lead Independent Director (since 2016); ex-Chairman/CEO AK Steel | 2009 | 69 | Yes | CGN (Chair), HRC |
Denise Russell Fleming | EVP Technology & Global Services and CIO, Becton Dickinson | 2023 | 56 | Yes | Audit, CGN |
Lance M. Fritz | Former Chairman/CEO, Union Pacific | 2021 | 63 | Yes | HRC, CGN |
Linda A. Harty | Former Treasurer, Medtronic | 2007 | 66 | Yes | Audit, CGN |
E. Jean Savage | President & CEO, Trinity Industries (former Parker engineer/GM) | 2024 | 62 | Yes | Audit, HRC |
Laura K. Thompson | Former EVP & CFO, Goodyear; incoming Audit Chair | 2019 | 62 | Yes | Audit, CGN |
James R. Verrier | Former President & CEO, BorgWarner | 2016 | 63 | Yes | Audit, HRC (Chair) |
Beth A. Wozniak | Chair & CEO, nVent Electric | 2025 | 61 | Yes | HRC, CGN |
Kevin A. Lobo (departing) | Chair & CEO, Stryker; current Audit Chair | — | — | Yes | Not standing for re-election in Oct 2026 |
Board & Management Changes
| Date | Change |
|---|---|
Jan 2023 | Parmentier succeeds Tom Williams as CEO; Ross becomes COO |
Jan 2024 | Parmentier named Chairman; Ross named President; Reidy (Aerospace) and Scott (Fluid Connectors) named group presidents |
May–Jul 2025 | Filtration leadership succession announced (May 2025); Jacobson becomes President – Filtration Group (Jul 2025) |
Aug 2025 | Leonti promoted to EVP, General Counsel & Secretary |
Sept 2025 | Beth Wozniak joins Board |
Oct 2025 | Joseph Scaminace does not stand for re-election |
Mar 2026 | Kevin Lobo signals he will not stand for re-election (2026 AGM); Thompson to succeed him as Audit Chair |
Major Shareholders
| Holder category | Stake | Source |
|---|---|---|
Institutional ownership | ~82% | Secondary (MarketBeat) |
Directors and executive officers as a group | ~0.35% | Secondary summary of 2026 proxy |
Competitive Landscape
Competitors by Segment
| Segment | Competitor | Overlap | Indicative scale |
|---|---|---|---|
Diversified Industrial | Bosch Rexroth AG | Hydraulics, electric drives, automation | — |
Diversified Industrial | Danfoss A/S | Mobile hydraulics, electrification, HVAC/R | — |
Diversified Industrial | Eaton | Hydraulics heritage (now largely divested), aerospace fluid conveyance/fuel | 2025 sales $27.4B, segment margin 24.5% [Filing] |
Diversified Industrial | Emerson / ASCO | Pneumatics and fluid control | FY2025 revenue ~$18.0B [Secondary] |
Diversified Industrial | Copeland | HVAC/R controls | — |
Diversified Industrial | Danaher | Filtration/life-science-adjacent (as named) | — |
Diversified Industrial | Donaldson | Filtration (engine, industrial) | FY2025 revenue ~$3.7B [Secondary, approximate] |
Diversified Industrial | Festo SE | Pneumatics, automation | — |
Diversified Industrial | Freudenberg-NOK | Seals | — |
Diversified Industrial | Gates Corporation | Hose, fluid power | — |
Diversified Industrial | IMI / Norgren | Pneumatics, process valves | — |
Diversified Industrial | SMC Corporation | Pneumatics (global #1) | — |
Diversified Industrial | Swagelok | Fittings and valves | — |
Diversified Industrial | Trelleborg AB | Seals, vibration solutions | — |
Aerospace Systems | Crane Co. | Aerospace and electronics components | — |
Aerospace Systems | Eaton | Aerospace fuel and fluid systems | Aerospace Q4 2025 sales $1.1B [Filing] |
Aerospace Systems | Honeywell Aerospace | Systems, actuation, avionics | — |
Aerospace Systems | Moog Inc. | Flight-control actuation | FY2025 ~$3.9B [Secondary, approximate] |
Aerospace Systems | RTX (Collins Aerospace) | Actuation, landing gear, braking, fuel | — |
Aerospace Systems | Safran | Landing/braking, power, nacelles | — |
Aerospace Systems | Senior plc | Fluid conveyance, engine structures | — |
Aerospace Systems | Triumph Group | Actuation, hydraulics | — |
Aerospace Systems | Woodward | Fuel systems, actuation | FY2025 ~$3.6B [Secondary, approximate] |
Peer Comparison FY2026
| Metric | Parker-Hannifin (FY2026) | Eaton (CY2025) | Emerson (FY2025) | Woodward (FY2025) |
|---|---|---|---|---|
Revenue (USD Bn) | 21.5 | 27.4 | ~18.0 | ~3.6 |
Organic growth (%) | 6.6 | 8 | — | — |
Segment / adjusted segment margin (%) | 24.5 / 27.3 | 24.5 | — | — |
R&D intensity (% of sales) | ~1.2 (independent R&D, FY2025) | — | — | — |
Recent Developments
Item 3: "None").
