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Parker-Hannifin Corp logo

Parker-Hannifin Corp

parker.com

How Do They Make Money?

Customers mainly pay for products when they ship; some contract work, installation services, and products made to customer specifications are paid for as the work progresses.

revenue
SegmentShareRevenue
Diversified Industrial
Sold outright

67%
FY2023: 77%
Aerospace Systems
Sold outright

33%
FY2023: 23%

Who Are Their Customers?

OEMs buy industrial products directly, while independent distributors sell to manufacturers and aftermarket customers. Aerospace sales organizations sell components and systems directly to OEMs and aftermarket parts and maintenance to end users.

Do Revenues Turn Into Profits?

Yes. It kept 17 cents of every revenue dollar as net income in FY2026 and turned 18 cents into free cash flow.

Operating income, FY2026
24% of revenue
▲ +17% vs FY2025 ($4.3B, 22%)
Net income, FY2026
17% of revenue
▲ +3% vs FY2025 ($3.5B, 18%)
Free cash flow, FY2026
18% of revenue
▲ +17% vs FY2025 ($3.3B, 17%)

How Are They Changing?

Growing. Revenue grew 36% in 4 years, from $15.9B in FY2022 to $21.5B in FY2026, about 8% a year.

Revenue over time
Diversified Industrial Aerospace Systems
$25B$12.5B$0

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