| 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) | 62730 | 61120 | 57950 | 59850 |
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.
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### 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.