Here are the 10-K annual reports from Parker-Hannifin Corporation (PH) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PH filings page.
Parker-Hannifin Corp (PH) reports a strong fiscal year ended June 30, 2026, with net sales of $21.5 billion, up 8.3% from 2025, driven by organic growth in both the Diversified Industrial and Aerospace Systems segments. Diversified Industrial generated $14.4 billion of sales (67% of total), while Aerospace Systems contributed $7.1 billion (33%). Consolidated segment operating income rose to $5.27 billion, and net income attributable to common shareholders was $3.65 billion.
Gross margin improved to 37.7% from 36.9% as higher volumes offset mix and material cost headwinds. The effective tax rate increased to 20.0% from 14.0%, partly dampening bottom-line growth. Backlog climbed to $12.8 billion from $11.0 billion, with about 70% scheduled for delivery within 12 months, supporting near-term revenue visibility.
The company continued portfolio expansion, completing acquisitions of Curtis Instruments and Filtration Group Corporation and signing an agreement to acquire CIRCOR Aerospace. PH repurchased 197,055 shares in the June quarter under a 20 million-share authorization and ended July 31, 2026 with 126,047,469 shares outstanding. Management highlights The Win Strategy 3.0, disciplined global operations, and an enhanced cybersecurity and ESG framework as key elements of its long-term growth approach.
Parker-Hannifin is a global leader in motion and control technologies with $19.9 billion of net sales in fiscal 2025, split roughly 69% Diversified Industrial and 31% Aerospace Systems. Backlog was $11.0 billion with ~71% expected to convert to revenue within 12 months. The company continued capital investment ($435 million capex), generated proceeds from divestitures ($621 million), repurchased 2.5 million shares for $1.6 billion and maintains a long record of dividend increases with a current annual rate of $7.20 per share. Strategic portfolio moves include the 2022 Meggitt acquisition and a pending acquisition of Curtis Instruments for ~$1.0 billion. Leverage metrics show a debt-to-debt-shareholders' equity ratio of 0.41, compliance with covenants, €700 million of 2.90% senior notes due 2030, and commercial paper outstanding (~$1.8 billion). Safety performance improved (recordable incident rate 0.27 in 2025 vs 0.31 in 2024). The filing highlights standard operational, regulatory, tax, environmental and geopolitical risks and discloses certain valuation allowances and unrecognized tax items.