PARKER-HANNIFIN CORPORATION

PH · Industrials · $125.1B mkt cap · FY2025 filings · · not refreshed in 35 days · Narrow moat ·

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Narrow moat
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The five investor questions

92

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $14.3B to $19.9B, increasing; diluted EPS 13.35 to 27.12, increasing.

34

Median gross margin 29.2% over 10y, stable.

70

Median ROIC 13.8%, above the 12% hurdle in 90% of years.

58

Net debt/EBITDA 1.3x, interest coverage 11x.

91

Owner earnings changed +17.3%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
347% above value if growth stopped today
$2.5B
$221.02
$358.05
$987.54
347% above value if growth stopped today

What today’s price assumes: owner earnings growing ~35%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).

How to read this

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.

Score records captured Jul 26, 2026.

Exactly which 50 companies?

FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY

Missing a usable price or zero-growth estimate: ANF, BKNG.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 4% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

19 years of fundamentals

The business, in plain English

PARKER-HANNIFIN CORPORATION booked $19.9B of revenue in FY2025 in the Industrials sector and kept 36.9% of it as gross profit — a solid-margin business by that measure. After every other cost, 17.8% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $12.1B (FY2008) to $19.9B (FY2025) — about 2.9% a year compounded over 17 years.

It earned 18.0% on invested capital in the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was 16.1%. Over the v3 recent window (10 measurable filed years), median ROIC was 13.8%. The Returns on Capital filter above scores it 70/100.

The balance sheet carried $7.5B of total debt in FY2025 against $4.0B of owner earnings — roughly 1.9 years of owner earnings to retire it all. Balance-Sheet Safety scores it 58/100.

Put together: Business Trend is the strongest of the five filters (92/100) and Pricing Power the weakest (34/100), which is how PH lands at 69/100 — a Narrow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2007–FY2025 · 19 fiscal years, normalized from PH’s SEC filings

Sales, as filed$19.9B FY2025
$0$10B$20B2007201320192025
Revenue kept after cost of goods36.9% FY2025
0%20%2007201320192025
Standard ROIC or separately labeled Operating ROICROIC 18.0% FY2025
0%10%20%2007201320192025
Cash an owner could take out$4.0B FY2025
$0$2B$4B2007201320192025

Gaps in a line mean that item isn’t in PH’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How PARKER-HANNIFIN CORPORATION makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$19.9B · 100%Cost of revenue$12.5B · 63%Gross profit$7.3B · 37%Operating income$4.3B · 22%Income before tax$4.1B · 21%Income tax$575M · 3%Net income$3.5B · 18%As of 2025-06-30 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$19.9B100%
Cost of revenue$12.5B63%
$7.3B37%
$4.3B22%
Income before tax$4.1B21%
Income tax$575M3%
$3.5B18%
Source: · event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

What PARKER-HANNIFIN CORPORATION owns — and owes

PARKER-HANNIFIN CORPORATION's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$29.5B100%
Cash and equivalents$467M2%
$7.5B25%
Stockholders’ equity$13.7B46%
Source: · event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives PARKER-HANNIFIN CORPORATION’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity27%Tax burden86%net income ÷ pretax incomeInterest burden94%pretax ÷ operating incomeOperating margin22%operating income ÷ revenueAsset turnover0.68×revenue ÷ average assetsEquity multiplier2.28×average assets ÷ average equityAs of 2025-06-30 · 3 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$3.5BFY2025
Income before tax$4.1BFY2025
Operating income$4.3BFY2025
$19.9BFY2025
Ending assets$29.5BFY2025
Beginning assets$29.3BFY2024
$13.7BFY2025
$12.1BFY2024
Source: · event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where PARKER-HANNIFIN CORPORATION's cash went

PARKER-HANNIFIN CORPORATION’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$3.8B100%
Depreciation and amortization$907M24%
Source: · event Jun 30, 2025 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding PARKER-HANNIFIN CORPORATION

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited1 not holding1/19 resolved18 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Markel / Markel-GaynerNo position reportedNo position reported
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: · event Jun 30, 2026 · retrieved Jul 26, 2026

Flagship explainer

What PARKER-HANNIFIN CORPORATION insiders reported

Records still being gathered — partial as of retrieval Aug 30, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

16 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale69.0 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Aug 30, 2026.

1 filing was skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.

Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (17 versus 16). The filing codes alone do not establish that every such row arose from a compensation plan.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

InsiderShares owned afterDateFiling detail
Bracht BerendVP & Pres.- Motion Sys. Grp.Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event1,500$299.19$448,7855,899Aug 26, 2026
1 filed lot
  • Table I · Common Stock: 1,500 shares at $299.19 · code M · owned after 5,899 · Paired event: 1,500 Stock Appreciation Rights → 1,500 Common Stock ·
Bracht BerendVP & Pres.- Motion Sys. Grp.Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock898$1,039.59$933,5525,001Aug 26, 2026
1 filed lot
  • Table I · Common Stock: 898 shares at $1,039.59 · code F · owned after 5,001 ·
Bracht BerendVP & Pres.- Motion Sys. Grp.Open-market or private sale (S)Table I · Disposed · Common Stock602$1,040.47$626,3634,399Aug 26, 2026
1 filed lot
  • Table I · Common Stock: 602 shares at $1,040.47 · code S · owned after 4,399 ·
Bracht BerendVP & Pres.- Motion Sys. Grp.Exercise or conversion of derivative security (M)Table II · Disposed · Stock Appreciation Rights · 1 paired event1,500Exercise or conversion of derivative security (M)3,500Aug 26, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 1,500 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 3,500 · Paired event: 1,500 Stock Appreciation Rights → 1,500 Common Stock ·
Leonti Joseph REVP, Gen Counsel & SecretaryGrant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights3,536Grant, award, or other acquisition (A)3,536Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 3,536 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,536 ·
Parmentier Jennifer ADirector, Chief Executive OfficerGrant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights22,098Grant, award, or other acquisition (A)22,098Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 22,098 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 22,098 ·
Hart Mark JEVP-HR & External AffairsGrant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights3,241Grant, award, or other acquisition (A)3,241Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 3,241 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,241 ·
Gentile Thomas CVP-Global Supply ChainGrant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights1,621Grant, award, or other acquisition (A)1,621Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 1,621 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 1,621 ·
Leombruno Todd M.EVP & CFOGrant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights5,745Grant, award, or other acquisition (A)5,745Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 5,745 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 5,745 ·
Parel Dinu JVP & Chief Digital & Info Off.Grant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights3,241Grant, award, or other acquisition (A)3,241Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 3,241 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,241 ·
Czaja Mark TVP-Chief Tech&Innovation Off.Grant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights2,357Grant, award, or other acquisition (A)2,357Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 2,357 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 2,357 ·
Ives Angela RVP & ControllerGrant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights1,016Grant, award, or other acquisition (A)1,016Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 1,016 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 1,016 ·
Bracht BerendVP & Pres - Motion Sys. Grp.Grant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights3,241Grant, award, or other acquisition (A)3,241Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 3,241 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,241 ·
Bendali RachidVP & Pres.- Eng. Mat. Grp.Grant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights3,241Grant, award, or other acquisition (A)3,241Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 3,241 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,241 ·
Reidy JayVP & President-Aerospace Grp.Grant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights3,536Grant, award, or other acquisition (A)3,536Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 3,536 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,536 ·
Ross Andrew DChief Operating OfficerGrant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights6,777Grant, award, or other acquisition (A)6,777Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 6,777 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 6,777 ·
Scott PatrickVP & Pres-Fluid Conn. Grp.Grant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights3,536Grant, award, or other acquisition (A)3,536Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 3,536 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,536 ·
Jacobson Matthew A.VP & Pres-Filtration Grp.Grant, award, or other acquisition (A)Table II · Acquired · Stock Appreciation Rights3,241Grant, award, or other acquisition (A)3,241Aug 19, 2026
1 filed lot
  • Table II · Stock Appreciation Rights: 3,241 shares at — (Grant, award, or other acquisition (A)) · code A · owned after 3,241 ·
Scott PatrickVP & Pres-Fluid Conn. Grp.Gift (G)Table I · Disposed · Common Stock95Gift (G)3,623Aug 18, 2026
1 filed lot
  • Table I · Common Stock: 95 shares at — (Gift (G)) · code G · owned after 3,623 ·
Scott PatrickVP & Pres-Fluid Conn. Grp.Open-market or private sale (S)Table I · Disposed · Common Stock1,235$1,056.9959$1,305,390See lot detailAug 17, 2026
2 filed lots
  • Table I · Common Stock: 1,225 shares at $1,056.98 · code S · owned after 3,728 ·
  • Table I · Common Stock: 10 shares at $1,058.94 · code S · owned after 3,718 ·
Verrier JamesDirectorOpen-market or private sale (S)Table I · Disposed · Common Stock1,500$1,058.00$1,587,0003,269Aug 14, 2026
1 filed lot
  • Table I · Common Stock: 1,500 shares at $1,058.00 · code S · owned after 3,269 ·
Czaja Mark TVP & Chief Tech. & Innov. Off.Gift (G)Table I · Disposed · Common Stock951Gift (G)6,270Aug 14, 2026
1 filed lot
  • Table I · Common Stock: 951 shares at — (Gift (G)) · code G · owned after 6,270 ·
Scott PatrickVP & Pres-Fluid Conn. Grp.Open-market or private sale (S)Table I · Disposed · Common Stock631$1,053.20$664,5694,953Aug 14, 2026
1 filed lot
  • Table I · Common Stock: 631 shares at $1,053.20 · code S · owned after 4,953 ·
Bracht BerendVP & Pres.- Motion Sys. Grp.Open-market or private sale (S)Table I · Disposed · Common Stock700$1,055.03$738,5214,399Aug 14, 2026
1 filed lot
  • Table I · Common Stock: 700 shares at $1,055.03 · code S · owned after 4,399 ·
Hart Mark JEVP-HR & External AffairsOpen-market or private sale (S)Table I · Disposed · Common Stock2,497$1,057.00$2,639,3297,063Aug 14, 2026
1 filed lot
  • Table I · Common Stock: 2,497 shares at $1,057.00 · code S · owned after 7,063 ·
Parel Dinu JVP & Chief Digital & Info Off.Open-market or private sale (S)Table I · Disposed · Common Stock2,265$1,057.2506$2,394,673See lot detailAug 14, 2026
3 filed lots
  • Table I · Common Stock: 1,972 shares at $1,057.42 · code S · owned after 7,059 ·
  • Table I · Common Stock: 213 shares at $1,054.65 · code S · owned after 6,846 ·
  • Table I · Common Stock: 80 shares at $1,060.00 · code S · owned after 4,562 ·
Parel Dinu JVP & Chief Digital & Info Off.Open-market or private sale (S)Table I · Disposed · Comman Stock2,204$1,057.595$2,330,939See lot detailAug 14, 2026
4 filed lots
  • Table I · Comman Stock: 470 shares at $1,055.97 · code S · owned after 6,376 ·
  • Table I · Comman Stock: 438 shares at $1,057.12 · code S · owned after 5,938 ·
  • Table I · Comman Stock: 976 shares at $1,057.93 · code S · owned after 4,962 ·
  • Table I · Comman Stock: 320 shares at $1,059.61 · code S · owned after 4,642 ·
Ross Andrew DPresident & COOOpen-market or private sale (S)Table I · Disposed · Common Stock5,498$1,057.57$5,814,52013,120Aug 14, 2026
1 filed lot
  • Table I · Common Stock: 5,498 shares at $1,057.57 · code S · owned after 13,120 ·
Reidy JayVP & Pres.-Aerospace Grp.Open-market or private sale (S)Table I · Disposed · Common Stock300$1,055.77$316,7314,013Aug 14, 2026
1 filed lot
  • Table I · Common Stock: 300 shares at $1,055.77 · code S · owned after 4,013 ·

Source-event as of . Retrieved .

Industrials context

#64 of 446 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #62OFLX Omega Flex, Inc.69.6 out of 100, Narrow moatNarrow moat
  2. #63NVT nVent Electric plc69.1 out of 100, Narrow moatNarrow moat
  3. #65MYRG MYR GROUP INC.69.0 out of 100, Narrow moatNarrow moat
  4. #66CIX COMPX INTERNATIONAL INC68.8 out of 100, Narrow moatNarrow moat

Compare PH with its nearest peersAll Industrials companies on the Index →

Common questions about PH

Does PARKER-HANNIFIN CORPORATION have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores PARKER-HANNIFIN CORPORATION (PH) 69.0 out of 100 — a Narrow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 92, pricing power 34, returns on capital 70, balance-sheet safety 58, capital allocation 91.
Is PH trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $221.02 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $987.54, that is 347% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has PH's Moat Score changed over time?
The record logs 16 readings since Jul 17, 2026; the latest reads 69.0 out of 100 (narrow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.