Parker-Hannifin
Financial Performance
Parker-Hannifin Revenue & Financials
Revenue
$19.9B (FY2024)
Market Cap
$83.5B
Employees
62,000
What is Parker-Hannifin's revenue?
Parker-Hannifin had $19.9B in revenue for fiscal year 2024, up 4.5% from 2023.
- Latest revenue
- $19.9B (FY2024)
- Year-over-year
- +4.5%
- Growth rate (CAGR)
- 11.6% over 3 years
- Peak revenue
- $19.9B (FY2024)
- Years of data
- 4
- Employees
- 62,000
- How many employees does Parker-Hannifin have?
- Parker-Hannifin has about 62,000 employees.
Financial Analysis
Parker-Hannifin delivers stellar financial performance characterized by expanding operating profit margins, strong organic revenue expansion, and elite free cash flow generation. In fiscal 2024, Parker generated record sales of $19.93 billion, up 5% organically, propelled by double-digit growth in Aerospace Systems and stable industrial aftermarket demand. Segment operating margin reached an all-time record of 24.9%, reflecting the successful integration of Meggitt and strict pricing discipline. Operating cash flow surpassed $3.38 billion, and free cash flow reached $2.95 billion, representing an exceptional 118% free cash flow conversion rate. Parker maintains an elite corporate record of continuous dividend increases: over 68 consecutive years, ranking among the top five longest dividend increase streaks in S&P 500 history.
Revenue Trend Analysis
YoY Change
+4.5%
3-Year CAGR
+11.6%
Peak Year
2024
Trend
Consistent Growth
Parker-Hannifin has 4 full fiscal year figures on this page, compounding at +11.6% annually over 3 years. The most recent year saw a 4.5% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $19.9B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $19.9B | +4.5% |
| FY2023 | $19.1B | +20.2% |
| FY2022 | $15.9B | +10.5% |
| FY2021 | $14.3B | — |
Click any row to see year details.
Keep researching Parker-Hannifin
Parker-Hannifin Revenue and Financial FAQ
What was Parker-Hannifin's revenue in 2024?
Parker-Hannifin achieved $19.93 billion in revenue for fiscal year 2024.
Is Parker-Hannifin profitable?
Parker-Hannifin's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Parker-Hannifin growing?
Parker-Hannifin has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Parker-Hannifin fund its capital expenditures?
Parker-Hannifin funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Parker-Hannifin's debt profile?
Parker-Hannifin maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Parker-Hannifin reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Parker-Hannifin Revenue & Financials." CorpDigest, https://corpdigest.com/company/parker-hannifin/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Parker-Hannifin reported $19.9B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/parker-hannifin/financials" target="_blank" rel="noopener">CorpDigest — Parker-Hannifin financials</a></div>Explore Parker-Hannifin
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