Parker-Hannifin (PH) Financials

Over the last four years through Q4 2025, Parker-Hannifin (NYSE: PH) has demonstrated generally steady financial performance with some positive inflows and cautious financial management despite some challenges.

• Revenue Growth: The quarterly operating revenue has shown a consistent upward trend over the years, reaching approximately $5.24 billion in Q4 2025 compared to $4.19 billion in Q4 2022, indicating steady sales growth.
• Increasing Net Income: Net income attributable to common shareholders has increased over the period, with $923 million in Q4 2025 versus $129 million in Q4 2022, showing improved profitability.
• Solid Operating Income: Operating income has similarly grown over the years, demonstrating controlled costs and efficient operations; for example, operating income for Q4 increased from around $768 million in 2022 to over $1.1 billion in 2025.
• Cash Flow from Operations Robust: Net cash from continuing operating activities has generally been strong, exceeding $1.4 billion in Q4 2025, providing good liquidity for operations and investments.
• Consistent Dividend Payments: The company has maintained or slightly increased dividends per common share over time (around $1.33 in 2022 to $1.63 in 2025), which may be attractive for income investors.
• Capital Expenditures: Regular investment in property, plant, and equipment is observed, typically around $85-$135 million per quarter, reflecting ongoing commitments to maintain and grow production capabilities.
• Share Repurchases: Notable repurchases of common stock have been made (e.g., $906 million repurchased in Q4 2025), indicating a capital return strategy but also reducing cash reserves.
• Debt Management: While the company maintains substantial long-term and short-term debt levels, it has shown active debt repayment and issuance, suggesting management is balancing capital structure carefully.
• Improved Gross Margin: Gross profit has increased steadily, supporting the margin expansion as the cost of revenue increases at a slower pace than revenues.
• Volatility in Other Income/Expense: The company has experienced fluctuations in other income/expense, with significant negative impacts in some periods (e.g., Q4 2022), which may introduce some earnings variability.

In summary, Parker-Hannifin exhibits stable revenue and income growth, supported by strong operational cash flow and prudent capital management. The company’s consistent dividend and share repurchase activities enhance shareholder returns, although investors should be mindful of the company's large leverage and occasional volatility in non-operational income components.