Parker Hannifin

What Parker Hannifin does

Parker Hannifin is a Fortune 250 global leader in motion and control technologies, founded in 1917 in Cleveland, Ohio, and listed on the NYSE under PH. The company designs and manufactures precision-engineered solutions spanning 1,300+ products across 125+ applications, including hydraulic, pneumatic, electromechanical, filtration, sealing, thermal management, and fluid handling systems. It serves end markets such as aerospace & defense (Boeing, Airbus, Sikorsky-Boeing, COMAC, U.S. Army AMCOM), industrial automation, off-highway equipment, transportation, energy, HVAC & refrigeration, life sciences, and electronics/semiconductors, with engineered sub-brands including Parker Meggitt, LORD, Chomerics, Curtis Instruments, domnick hunter, Racor, Sporlan, and Autoclave Engineers.

The business is organized into aerospace, engineered materials, filtration, and fluid connectors/motion systems segments, with revenue generated predominantly through B2B hardware sales and a substantial aftermarket parts and MRO stream. Parker runs a hybrid go-to-market model that pairs direct enterprise field sales with an industrial distribution network of more than 10,000 locations and 3,000+ ParkerStore retail outlets spanning 104 countries. Pricing is quote-based via multi-year contracts, and many products are safety- or mission-critical and certified (FAA, EASA, NASA Silver Snoopy). Revenue mechanics are anchored in installed-base replacement, OEM platforms, and rising service/aftermarket capture.

Recently Parker has actively reshaped its portfolio through transformative M&A — Meggitt (2022), Curtis Instruments ($1B, Sept 2025), Filtration Group ($9.25B, Nov 2025), and CIRCOR Aerospace ($2.55B, announced May 2026) — partially offset by the $2.95B divestiture of its North America Composites and Fuel Containment Division to SK Capital in late 2024. Q3 FY2026 delivered record sales of $5.49B (+11% YoY), record adjusted EPS of $8.17, a 23.4% segment operating margin (26.7% adjusted), a $12.5B record backlog, and 70 consecutive years of dividend increases, alongside investments in hydrogen aviation research with Oxford, Rolls-Royce, Airbus, Boeing, and ZeroAvia.

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 leader in motion and control technologies, designing and manufacturing precision-engineered hydraulic, pneumatic, electromechanical, filtration, sealing, and thermal management solutions for aerospace, industrial, and mobile equipment customers worldwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Carson

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Motion and Control Technology Products: Parker Hannifin manufactures and sells precision-engineered motion and control technologies including hydraulic, pneumatic, and vacuum components and systems to aerospace, commercial, and industrial customers globally. Revenue is generated through product sales across diverse end markets.
2. Aftermarket Parts and Services: The company generates significant recurring revenue from aftermarket sales including replacement parts, maintenance services, and MRO (Maintenance, Repair and Overhaul) through its extensive distribution network and ParkerStore locations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Parker Hannifin designs, manufactures and globally distributes precision-engineered motion and control technologies — including hydraulic, pneumatic, electromechanical, filtration and sealing components and systems — to aerospace, commercial and industrial OEM and aftermarket customers. The company delivers proprietary products across aerospace flight controls, braking, fuel and thermal management, industrial filtration, fluid connectors, motors and servo drives, cylinders and actuators, valves and pumps, hose and tubing, EMI shielding, NVH/vibration control, refrigeration, and bioprocessing. Revenue is generated primarily through B2B product sales via direct sales teams, more than 10,000 distributor locations and 3,000+ ParkerStore retail outlets worldwide.

Product overview

Parker Hannifin is a Fortune 250 global leader in motion and control technologies serving aerospace, industrial, and mobile machinery markets. The company operates through four primary segments: Aerospace Systems (flight controls, braking, hydraulic and fluid systems, fuel systems, thermal management, and engine solutions for commercial and defense programs), Engineered Materials (sealing solutions, EMI shielding, vibration control, structural adhesives, and noise/vibration harshness technologies), Filtration (industrial filtration, HVAC filtration, engine/mobile filtration, water purification, bioscience filtration, and industrial gas filtration and generation — significantly expanded through the $9.25B Filtration Group Corporation acquisition), and Fluid Connectors/Motion Systems (fittings, quick couplings, hose, tubing, valves, pumps, motors, servo drives, cylinders, actuators, and refrigeration/HVAC products). Parker's portfolio also includes digital platforms such as the Parker Tracking System (PTS) for asset management and IoT-enabled monitoring. The company serves customers across aerospace & defense, HVAC & refrigeration, in-plant industrial equipment, off-highway, transportation, electronics & semiconductors, life sciences, and energy markets through a distribution network spanning more than 10,000 locations in 104 countries. Major acquired brands include Parker Meggitt, LORD, Chomerics, Curtis Instruments, domnick hunter, Racor, Sporlan, and Compumotor.

Differentiator

Problem solved

Functional benefit

Products and services

• GLF Trolley Portable Filtration Unit Portable filtration unit that removes free water and contaminants from hydraulic fluids in gas, marine, mining, forestry and industrial applications; nominal flow rates of 20 l/min and 40 l/min using gear pumps with single-phase motors for continuous-duty operation in mobile or stationary systems.
• PSD Servo Drives (with Intelligent Drive software) Servo drive family with dedicated Torque Control and Force Control modes for push, press and winding applications, new gearing and synchronization functions (GearInPos and MoveSuperImposed), speed and load-torque observers, integrated notch filtering, and PSD Servo Manager productivity features including multi-axis coordinated motion setup and Codesys network variable support for condition monitoring.
• NuCarb Carbon Brake and Wheel Advanced carbon brake and wheel system for the Airbus A321neo delivering enhanced safety and environmental benefits for commercial aircraft landing operations.
• DFplus Generation IV Proportional Valves Next-generation proportional valves for demanding industrial applications representing an advancement in flow control for precision motion and control systems.
• Parker Tracking System (PTS) Asset management and tracking platform available as PTS Mobile App and PTS Web App that enables users to track, manage and locate parts, access product information, schedule service events, manage hose assemblies and run inspection/genealogy/transfer records across more than 77 countries and 50 million assets.
• AI/IoT Predictive Maintenance for Hydraulic Systems Predictive maintenance solution for hydraulic systems that uses AI and IoT technology to enable real-time health monitoring and early failure detection, transitioning from passive replace-on-failure to Industry 4.0 predictive filtration.
• Aerospace Systems and Technologies Nose-to-tail aerospace systems including flight controls, braking systems, hydraulic systems, fuel systems, fluid management, thermal management, engine solutions and aftermarket support for commercial and defense aircraft programs.
• Filters, Collectors, Separators, Purifiers Industrial filtration portfolio covering hydraulic and aerospace filtration, HVAC filtration, engine and mobile filtration, water purification, bioscience and water filtration, industrial process filtration, and industrial gas filtration and generation.
• Cylinders and Actuators Hydraulic and pneumatic cylinders, hydraulic actuators and related components for industrial and mobile machinery applications.
• Motors, Drives and Controllers Electromechanical motion products including servo drives, motors and motion controllers for precision industrial automation, robotics and machine control applications.
• Valves Flow control and proportional valve products including DFplus Generation IV proportional valves, hydraulic valve systems, fluid control valves and instrumentation products for industrial process control.
• Seals and O-Rings Sealing solutions including O-rings, engineered seals, composite sealing systems and elastomer process materials across multiple industry-focused divisions.
• Hose, Piping and Tubing Fluid conveyance products including hose products, tubing, fittings and quick couplings for industrial fluid and gas handling applications across all major market segments.
• Pumps Hydraulic pumps including axial piston pumps (single and tandem), bent-axis motors, gear pumps and Low Speed High Torque motors for construction, agriculture, mining and mobile equipment applications.
• Refrigeration and Air Conditioning HVAC and refrigeration components including air preparation (FRL) products, dryers, refrigerating specialties, Sporlan products and complete climate control solutions for commercial and industrial applications.
• Gas Generators Gas generation systems including nitrogen gas generators and gas separation technologies for industrial, aerospace and laboratory applications.
• EMI Shielding Electromagnetic interference shielding products including conductive elastomers, EMI gaskets, form-in-place gaskets and thermal interface materials for electronics, aerospace and defense applications.
• Thermal and Power Management Thermal management solutions including heat exchangers, thermal gap fillers, cooling systems and power management products for aerospace, automotive, electronics and industrial applications.
• Bioprocessing and Medical Technologies Life sciences products including bioprocessing technologies, medical device components and precision fluidics for analytical, diagnostic and pharmaceutical manufacturing applications.
• Fittings and Quick Couplings Fluid connector products including tube fittings, quick couplings, high-pressure connectors, instrumentation fittings and complete connection solutions across the Fluid Connectors Group divisions.
• Mounting and Vibration Control Vibration damping, noise control (NVH) and mounting solutions including LORD products and noise vibration harshness technologies for automotive, aerospace and industrial applications.
• Regulators, Monitors, Sensors and Flow Control Instrumentation and sensing products including pressure sensors, regulators, monitors, flow control devices and condition monitoring solutions across industrial and aerospace applications.
• ParkerStore Network Global network of more than 3,000 industrial retail franchise outlets providing local access to Parker products, inventory management services, repair specialists, technical support and ParkerStore HOSEDOCTOR mobile hose repair services.

Quantifiable outcome

• Record Q3 FY2026 sales of $5.5 billion with 11% year-over-year growth
• +6 more outcomes

Named customers10 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Partnerships

15 partnerships are on record, tiered core, strategic and flagship.

• CIRCOR InternationalcoreStrategic or Co-development Partner · 21 May 2026Parker Hannifin entered definitive agreement to acquire CIRCOR's Commercial and Defense Aerospace business for $2.55 billion. CIRCOR Aerospace designs, manufactures and supports highly engineered flight-critical motion and flow control products for commercial aircraft and defense applications. Expected to close H2 2026, adding $270M in expected CY2026 sales with more than 40% adjusted EBITDA margin.
• Filtration Group CorporationcoreStrategic or Co-development Partner · 11 November 2025Parker Hannifin acquired Filtration Group Corporation for $9.25 billion in cash. Filtration Group expects $2 billion in calendar year 2025 sales with approximately 85% from high-margin aftermarket segment. Parker anticipates approximately $220 million in pre-tax cost synergies by end of year three.
• Curtis InstrumentscoreStrategic or Co-development Partner · 30 June 2025Parker Hannifin acquired Curtis Instruments (from Rehlko, portfolio company of Platinum Equity) for approximately $1 billion. Curtis designs control system components for electric and hybrid vehicles with projected 2025 revenue of $320 million, expanding Parker's electrification capabilities.
• Hydrogen Aviation Research Consortium (Oxford, Imperial College, Loughborough, King's College)strategicStrategic or Co-development Partner · 24 June 2025Parker Hannifin is an industry partner in a £9.5M hydrogen aviation research programme led by Oxford University. Parker provides industrial guidance and testing facilities for hydrogen fuel system development as part of efforts to enable zero carbon commercial aviation by 2050.
• Rolls-RoycestrategicStrategic or Co-development Partner · 24 June 2025Industry partner in hydrogen aviation research programme providing student funding, industrial guidance, and testing facilities for developing hydrogen-powered jet engines for net-zero commercial aviation.
• AirbusstrategicStrategic or Co-development Partner · 24 June 2025Industry partner in hydrogen aviation research consortium supporting development of hydrogen-powered aviation technologies for sustainable flight.
• BoeingstrategicStrategic or Co-development Partner · 24 June 2025Industry partner in hydrogen aviation research supporting development of hydrogen fuel systems for next-generation aircraft.
• ZeroAviastrategicStrategic or Co-development Partner · 24 June 2025Industry partner in hydrogen aviation research consortium focused on enabling zero-emission flight through hydrogen-electric propulsion technology.
• HyFIVE ConsortiumstrategicStrategic or Co-development Partner · 24 April 2024Parker Aerospace joined HyFIVE consortium to advance aviation liquid hydrogen fuel system development, partnering with other industry leaders to develop technologies for hydrogen-powered aircraft.
• American MagicflagshipStrategic or Co-development Partner · 19 December 2022Parker Hannifin became the Official Control Systems Partner to American Magic for the 2024 America's Cup, providing advanced motion and control technologies for the high-performance sailing competition.
• Fraunhofer InstitutestrategicStrategic or Co-development Partner · 11 October 2022Partnership with Fraunhofer to define next generation of humidifiers for fuel cells, advancing hydrogen fuel cell technology for various applications including material handling and stationary power.
• Meggitt PLCcoreStrategic or Co-development Partner · 13 September 2022Parker Hannifin completed acquisition of Meggitt PLC, a manufacturer of aerospace components and systems. The acquisition strengthened Parker's aerospace portfolio with complementary motion and control technologies for commercial and defense applications.
• CamgiancoreTechnology or Integration · 10 March 2022Strategic partnership to develop next-generation onboard diagnostic platform for the U.S. Army combining Parker's motion control expertise with Camgian's AI capabilities for predictive maintenance solutions.
• CumminscoreTechnology or Integration · 15 February 2022Partnership to deliver next generation IoT-enabled connected services combining Parker's hydraulic and motion control systems with Cummins' engine monitoring and diagnostics capabilities.
• ElectroflightflagshipStrategic or Co-development PartnerParker Aerospace partnered with Electroflight, the world leader in electrification of aerospace, to enable their vision of the world's fastest all-electric aircraft through integrated motion and control solutions.

Scale indicators18 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Rexnord Corporation: Rexnord is a direct peer in motion control and power transmission products, including bearings, gears, and chain. Both companies serve aerospace, industrial, and mobile equipment OEMs with comparable mechanical motion and control solutions.
• Donaldson Company: Donaldson is a direct peer in industrial filtration systems, including hydraulic, engine, and air filtration. Following Parker's $9.25B Filtration Group acquisition, Donaldson becomes the most direct competitor in the consolidated industrial filtration market Parker is now shaping.
• Emerson Electric: Emerson Electric is a direct peer in industrial automation, process control, and motion technologies. Both companies compete head-to-head in fluid handling, valves, sensors, and connected industrial solutions serving aerospace, energy, and industrial markets with comparable B2B go-to-market models.
• Illinois Tool Works (ITW): ITW is a direct peer in diversified industrial manufacturing with similar segment breadth spanning automotive, aerospace, food equipment, and specialty industrial products. Both companies share a decentralized operating model and target similar OEM and aftermarket customers.
• Dover Corporation: Dover is a direct peer in diversified industrial manufacturing with overlapping product lines in pumps, fluid handling, refrigeration, and engineered products. Both companies serve aerospace, industrial, and commercial end markets with comparable margin profiles and acquisition-driven growth strategies.
• Crane Co. Crane Co. is a direct peer in diversified industrial manufacturing with overlapping product portfolios in engineered materials, fluid handling, and aerospace components. Both serve similar OEM customers across commercial aerospace, defense, and industrial process markets.
• Eaton Corporation: Eaton is a direct peer in electrical, hydraulic, and mechanical power management technologies. Both serve aerospace, industrial, and vehicle end markets with overlapping motion and control product portfolios including pumps, valves, and filtration systems.
• Flowserve Corporation: Flowserve is a direct peer in industrial flow control, pumps, and valves for process industries. Both companies overlap in fluid handling, sealing, and pumping solutions for energy, chemical, and general industrial markets.
• Nordson Corporation: Nordson is a direct peer in precision dispensing and industrial equipment serving similar manufacturing customers. Both companies compete in precision fluid and adhesive dispensing, test and inspection, and surface treatment technologies for industrial applications.
• Honeywell International: Honeywell is a direct peer in aerospace systems and industrial automation. Both companies compete across flight controls, environmental control systems, hydraulics, and fuel systems on commercial and defense aircraft programs, with Honeywell as a research consortium partner.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

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

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Parker Hannifin