Parker Hannifin

What Parker Hannifin does

Parker Hannifin Corporation (NYSE: PH) is a Fortune 250 global manufacturer of motion and control technologies headquartered in Cleveland, Ohio, founded in 1917 by Arthur L. Parker. The company designs and produces a broad, interconnected portfolio spanning hydraulic components (pumps, motors, valves, cylinders), fluid conveyance (hose, piping, tubing, fittings, quick couplings), filtration systems, precision sealing solutions, electromechanical motors, drives and controllers, thermal management materials (CoolTherm thermal barriers, heat exchangers, liquid cooling), pneumatics (FRL units, dryers), EMI shielding, and integrated aerospace systems (eBrake electronic braking, NuCarb carbon brakes, flight controls, fuel systems, landing gear). Parker's two reportable segments — Diversified Industrial and Aerospace Systems — serve OEMs and MRO customers across aerospace and defense, off-highway mobile machinery, in-plant industrial equipment, transportation, energy, life sciences, and HVAC and refrigeration.

Parker operates two reportable segments — Diversified Industrial and Aerospace Systems — and serves both OEMs and MRO customers through direct sales, technical sales engineers, an industrial distribution network of more than 10,000 locations reaching customers in 104 countries, and a ParkerStore retail network exceeding 3,000 outlets. Geographic mix within Diversified Industrial skews North America (67.5%) over Europe (19.5%) and Asia-Pacific (11.9%). Named enterprise and government customers include Boeing, COMAC, Lockheed Martin, Sikorsky-Boeing, Eviation, Turkish Aerospace, the U.S. Army, General Motors, and Georg Fischer. Pricing is quote-based B2B, with multi-year OEM contracts and recurring aftermarket parts and service revenue supporting a $12.8 billion record backlog.

The company has pursued a sustained portfolio transformation: completed acquisitions of Meggitt PLC (September 2022), Curtis Instruments (September 2025), and announced agreements to acquire Filtration Group Corporation for $9.25 billion and CIRCOR Aerospace for $2.55 billion, while divesting its North America Composites and Fuel Containment Division (~$300 million in sales, completed November 2024). FY2026 results were a record $21.5 billion in revenue (up 8.3% YoY), 24.5% segment operating margin (27.3% adjusted), $4.4 billion in operating cash flow, and $2 billion returned to shareholders — extending a 70-consecutive-year record of dividend increases that ranks among the top five in the S&P 500.

Name

Parker Hannifin

Legal name

Parker Hannifin Corporation

Website

https://parker.com

Company type

Public

Founded year

1917

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Parker Hannifin is a Fortune 250 global manufacturer of motion and control technologies — hydraulics, pneumatics, filtration, sealing, electromechanical, and aerospace systems — serving OEMs and MRO customers across aerospace, industrial, transportation, energy, life sciences, and off-highway markets in 104 countries.

Ownership category

akta.pro rank

Product category

Industrial Motion and Control Equipment

NAICS

Fluid Power Pump and Motor Manufacturing (333996), Fluid Power Cylinder and Actuator Manufacturing (333995), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Rubber Product Manufacturing (3262)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Fabricated Rubber Products, Nec (3060), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)

akta.pro primary industry

Motion Control Components (Servos, Drives, Motors, Encoders) (IMAHAHAG)

akta.pro secondary industries

Motion Control Controllers & CNC/Robot Drives (Motion Controllers, Multi-axis) (IMAGACAH), Filtration, Condition Monitoring & Fluid Management (Filters, Breathers, Oil Analysis, Cooling) (IMAHAGAL), Motion & Machine Control (CNC, Robotics Controllers, Servo/Motion Controllers) (IMAGABAG)

Keywords

• Motion and control technologies
• Hydraulic and pneumatic systems
• Aerospace fluid conveyance
• Industrial filtration equipment
• Electromechanical motion control

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Diversified Industrial Segment: Sales of motion and control technologies including hydraulics, pneumatics, filtration, sealing, and electromechanical systems to industrial OEMs and MRO customers. Revenue generated from North America (67.5%), Europe (19.5%), and Asia-Pacific (11.9%) regions. Includes sales through distribution network and direct OEM relationships.
2. Aerospace Systems Segment: Sales of flight-critical motion and flow control products for commercial and defense aerospace applications including commercial OEM, defense, and aftermarket MRO services. Strong backlog of $12.8 billion providing revenue visibility.
3. Aftermarket Parts and Services: Replacement parts, service, and aftermarket support through ParkerStore network and distribution channels. Provides recurring revenue stream from installed base.
4. Filtration Products (pending Filtration Group acquisition): Industrial filtration products and solutions, expanding Parker's portfolio and aftermarket business through $9.25 billion Filtration Group acquisition

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Parker Hannifin manufactures and sells precision-engineered motion and control technologies for industrial, aerospace, mobile, and energy markets. Its product portfolio spans hydraulics, pneumatics, fluid handling, filtration, sealing, electromechanical systems, thermal management, and engineered materials, sold individually or integrated into complete systems for OEM and MRO customers.

Product overview

Parker Hannifin is a Fortune 250 global leader in motion and control technologies offering an extensive portfolio of precision-engineered products across industrial, mobile, and aerospace markets. The portfolio includes interconnected technologies that can be applied individually or integrated into complete systems: hydraulic components (pumps, motors, valves, cylinders), fluid conveyance (hose, piping, tubing, fittings, quick couplings), filtration systems, sealing solutions (seals, O-rings, gaskets), thermal management products (CoolTherm thermal barriers, heat exchangers), motion control (motors, drives, controllers, actuators), pneumatics (FRL units, dryers), EMI shielding, aerospace systems (Ebrake® electronic braking, NuCarb® carbon brakes), and process control instrumentation. Recent product launches include the PE06M Proportional Pressure Reducing Valve Series for hydraulic force/torque control, DFplus® Gen IV proportional valves with dual control loops, and CoolTherm SF-1000 silicone foam for battery thermal runaway protection. The company is expanding its portfolio through acquisitions including Curtis Instruments (electrification), Filtration Group Corporation ($9.25B filtration expansion), and pending CIRCOR Aerospace ($2.55B aerospace motion/flow control). The diversified portfolio spans 1,300+ products across 125+ applications serving aerospace & defense, energy, transportation, off-highway, industrial equipment, life sciences, and HVAC & refrigeration markets.

Differentiator

Problem solved

Functional benefit

Brands

• ParkerStore: Industrial retail outlet network with over 3,000 locations worldwide offering Parker's products and services
• Parker Aerospace
• Filtration Group
• Curtis Instruments
• Meggitt

Products and services

• PE06M Proportional Pressure Reducing Valve Series Proportional pressure reducing valve designed for general industrial and mobile hydraulic systems with direct-operated spool valve design supporting flow rates up to 40 l/min and maximum inlet pressure of 350 bar.
• DFplus Gen IV Proportional Valves Direct-operated proportional valve platform for high dynamic closed-loop applications with freely configurable second control loop and analog sensor connections.
• CoolTherm SF-1000 Silicone Foam Liquid-dispensed thermal barrier silicone foam for battery pack safety in cylindrical cell applications, functioning as a fire blanket to enhance thermal runaway propagation mitigation.
• Hydraulic Pumps and Motors Comprehensive range of hydraulic pumps and motors for industrial and mobile equipment applications, providing fluid power transmission and control across various operating conditions.
• Valves Extensive portfolio of valves including proportional, directional control, and pressure control valves for fluid and gas handling applications across industrial, mobile, and aerospace markets.
• Cylinders and Actuators Linear and rotary actuators and cylinders providing motion control solutions for industrial automation, mobile equipment, and aerospace applications.
• Filters, Separators and Purifiers Industrial filtration products including filters, separators, and purifiers for fluid contamination control across hydraulic systems, process industries, and aerospace applications.
• Seals and O-Rings Precision sealing solutions including seals, O-rings, and gaskets for fluid containment and environmental protection in hydraulic systems, aerospace, and industrial equipment.
• Hose, Piping, Tubing and T-Slot Framing Fluid conveyance components and structural framing systems for industrial equipment, mobile machinery, and process applications.
• Motors, Drives and Controllers Electric motors, drives, and motion controllers providing precision control for industrial automation, mobile equipment, and electromechanical systems.
• Regulators, Monitors, Sensors and Flow Control Instrumentation and sensing products for pressure regulation, flow control, and system monitoring across industrial and aerospace applications.
• Thermal and Power Management Thermal management solutions including heat exchangers, thermal interface materials, and liquid cooling systems for electronics, data centers, battery packs, and power electronics.
• Aerospace Systems and Technologies Integrated aerospace systems including flight controls, hydraulic systems, fuel systems, landing gear, and thermal management for commercial and defense aircraft platforms.
• Refrigeration and Air Conditioning

Quantifiable outcome

• Orders increased 19% in Q4 FY2026 with backlog at record $12.8 billion
• +3 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Georg FischercoreStrategic or Co-development Partner · 21 July 2026Partnership with Swiss piping specialist Georg Fischer to jointly market an integrated plug-and-play cooling coupling system combining Parker's polymer valve technology with high-performance hose and fittings for AI data center liquid cooling applications. Georg Fischer reported year-on-year orders for direct-to-chip liquid cooling systems doubled in H1 2026.
• Value Added Distributors and Exotic Automation & SupplycoreChannel Partner/ Reseller/ Distributor · 16 July 2026Major distribution partners that completed merger to form 38-location industrial fluid power and automation distribution and fabrication platform. Both are major Parker Hannifin distributors operating 24 ParkerStores across Michigan, Wisconsin, and Indiana.
• H2FlyGHT ProjectcoreStrategic or Co-development Partner · 1 August 2024Parker Aerospace joined H2FlyGHT project to develop cryogenic hydrogen-electric propulsion for aviation, supporting the development of zero-emission flight capabilities.
• HyFIVE ConsortiumcoreStrategic or Co-development Partner · 24 July 2024Parker Aerospace joined HyFIVE consortium to advance aviation liquid hydrogen fuel system development, partnering with other aerospace companies to develop hydrogen-electric propulsion technologies.
• American MagicminorStrategic or Co-development Partner · 19 December 2022Parker became Official Control Systems Partner to American Magic for the 2024 America's Cup, providing motion control and hydraulic systems for competitive sailing.
• Fraunhofer InstitutecoreStrategic or Co-development Partner · 11 October 2022Partnership to define the next generation of humidifiers for fuel cells, combining Parker's motion and control expertise with Fraunhofer's research capabilities in hydrogen technologies.
• CamgiancoreStrategic or Co-development Partner · 10 March 2022Partnership to develop next-generation onboard diagnostic platform for U.S. Army applications, combining Parker's systems expertise with Camgian's AI and analytics capabilities.
• FIGUR8minorStrategic or Co-development Partner · 1 March 2022Partnership between Parker Quick Coupling Division and FIGUR8 to improve musculoskeletal health in the workplace through wearable technology and analytics.
• CumminscoreStrategic or Co-development Partner · 15 February 2022Partnership to deliver next generation of IoT-enabled connected services, combining Parker's fluid systems expertise with Cummins' powertrain and equipment integration capabilities.

Scale indicators17 records

Recent moves7 records

Expansion highlights10 records

Direct peers

• Eaton Corporation: Eaton is the closest direct peer to Parker, competing head-to-head in hydraulics, electrical components, aerospace fuel and motion systems, and vehicle drivetrain. Both serve overlapping OEM and MRO customers across industrial, aerospace, and vehicle markets with comparable product breadth.
• Emerson Electric: Emerson competes directly with Parker in industrial automation, fluid and pneumatic control, valves, and measurement instrumentation. Following its NI and AspenTech acquisitions, Emerson has also expanded into software-defined industrial control adjacent to Parker's motion control business.
• Bosch Rexroth (Robert Bosch): Bosch Rexroth is a direct competitor in hydraulic pumps, valves, motors, and motion control components for industrial and mobile machinery. Its global installed base and factory automation footprint closely mirror Parker's industrial hydraulics business.
• SMC Corporation: SMC is a global leader in pneumatics and motion control components, directly overlapping Parker's pneumatics, air preparation (FRL), and actuator lines for factory automation and process industries.
• Flowserve Corporation: Flowserve competes directly with Parker in pumps, valves, seals, and fluid motion control for industrial, energy, and process industries. Its installed base in oil & gas, power, and chemicals is highly comparable to Parker's energy and process customer base.
• IMI plc: IMI is a UK-based motion and fluid control specialist with businesses in fluid power, climate control, and life sciences, closely mirroring Parker's portfolio scope across industrial fluid handling, HVAC, and precision motion.

Broad incumbents

• Honeywell International: Honeywell is a broader industrial and aerospace conglomerate that overlaps Parker in aerospace flight controls, hydraulics, and thermal management, and in process automation instrumentation. It is much larger and more diversified but addresses many of the same mission-critical fluid and motion applications.
• Illinois Tool Works (ITW): ITW is a diversified industrial manufacturer with exposure to motion, fastening, and engineered components. While broader in scope, it competes with Parker in select industrial segments and shares a similar decentralized operating model and margin profile.
• Dover Corporation: Dover is a diversified industrial manufacturer with overlapping product lines in fluid handling, pumps, refrigeration, and engineered products serving similar industrial, energy, and refrigeration end-markets.
• Roper Technologies: Roper is an industrial technology and software investor that owns several businesses in fluid handling, instrumentation, and industrial software. While primarily a software/asset-light compounder, it is increasingly adjacent to Parker's industrial automation and instrumentation offerings.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ParkerHannifin
• YouTubeyoutube.com/parkervideo
• Facebookfacebook.com/ParkerHannifin
• LinkedInlinkedin.com/company/parker-hannifin
• Instagraminstagram.com/ParkerHannifin

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A84 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parker Hannifin