Net Profit Margin
since 2005
Calculation
Parker-Hannifin Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to common shareholders1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2022 | 8.29% | = | 100 | × | 1,315,605) | ÷ | 15,861,608) |
| Jun 30, 2021 | 12.17% | = | 100 | × | 1,746,100) | ÷ | 14,347,640) |
| Jun 30, 2020 | 8.81% | = | 100 | × | 1,206,341) | ÷ | 13,695,520) |
| Jun 30, 2019 | 10.56% | = | 100 | × | 1,512,364) | ÷ | 14,320,324) |
| Jun 30, 2018 | 7.42% | = | 100 | × | 1,060,801) | ÷ | 14,302,392) |
| Jun 30, 2017 | 8.18% | = | 100 | × | 983,412) | ÷ | 12,029,312) |
| Jun 30, 2016 | 7.10% | = | 100 | × | 806,840) | ÷ | 11,360,753) |
| Jun 30, 2015 | 7.96% | = | 100 | × | 1,012,140) | ÷ | 12,711,744) |
| Jun 30, 2014 | 7.88% | = | 100 | × | 1,041,048) | ÷ | 13,215,971) |
| Jun 30, 2013 | 7.29% | = | 100 | × | 948,427) | ÷ | 13,015,704) |
| Jun 30, 2012 | 8.76% | = | 100 | × | 1,151,823) | ÷ | 13,145,942) |
| Jun 30, 2011 | 8.50% | = | 100 | × | 1,049,130) | ÷ | 12,345,870) |
| Jun 30, 2010 | 5.54% | = | 100 | × | 554,065) | ÷ | 9,993,166) |
| Jun 30, 2009 | 4.93% | = | 100 | × | 508,515) | ÷ | 10,309,015) |
| Jun 30, 2008 | 7.82% | = | 100 | × | 949,466) | ÷ | 12,145,605) |
| Jun 30, 2007 | 7.74% | = | 100 | × | 830,046) | ÷ | 10,718,059) |
| Jun 30, 2006 | 7.17% | = | 100 | × | 673,167) | ÷ | 9,385,888) |
| Jun 30, 2005 | 7.36% | = | 100 | × | 604,692) | ÷ | 8,215,095) |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in thousands
The net profit margin exhibits a long-term trajectory of growth characterized by periodic volatility and distinct cyclical fluctuations. Between 2005 and 2022, the margin shifted from a baseline of approximately 7.36% to a peak of 12.17%, reflecting varying levels of operational efficiency and external economic influence over the seventeen-year period.
- Cyclical Volatility and Recovery (2005–2012)
- An initial period of stability was observed from 2005 to 2008, with margins maintained between 7.17% and 7.82%. A significant contraction occurred in 2009, where the net profit margin dropped to a period low of 4.93%, coinciding with a decrease in net sales. A subsequent recovery phase followed, with margins steadily climbing back to 8.76% by 2012, signaling a successful restoration of profitability following the 2009 downturn.
- Stability and Consolidation (2013–2017)
- Following the recovery, the net profit margin entered a phase of relative consolidation. During this five-year window, the margin fluctuated within a narrow band between 7.10% and 8.18%. While net sales generally trended upward, the profit margin remained largely flat, suggesting that expense growth scaled proportionally with revenue growth during this interval.
- Profitability Expansion and Peak (2018–2021)
- A notable expansion in profitability occurred starting in 2019, with the net profit margin rising to 10.56%. This upward trend culminated in 2021, reaching a historical peak of 12.17%. This period represents the highest efficiency in converting net sales into profit for common shareholders within the analyzed timeframe, as net income grew at a rate significantly exceeding the growth of net sales.
- Recent Margin Contraction (2022)
- The most recent data point indicates a correction in profitability. In 2022, the net profit margin declined to 8.29%, despite net sales reaching their highest point in the observed period at approximately 15.86 billion US dollars. This suggests an increase in operating costs or other non-operating expenses that compressed the net margin relative to the preceding three years.
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Comparison to Competitors
Parker-Hannifin Corp., net profit margin, long-term trends, comparison to competitors
| Parker-Hannifin Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Jun 30, 2022 | 8.29% | -7.41% | 11.85% | 11.86% | 0.31% | 14.00% | 8.69% | 7.75% |
| Jun 30, 2021 | 12.17% | -6.75% | 13.47% | 10.92% | -9.17% | 16.11% | 9.42% | 6.00% |
| Jun 30, 2020 | 8.81% | -20.42% | 7.68% | 7.90% | 7.81% | 14.64% | 10.45% | -6.22% |
| Jun 30, 2019 | 10.56% | -0.83% | 12.00% | 10.34% | -5.69% | 16.73% | 10.42% | 7.19% |
| Jun 30, 2018 | 7.42% | 10.34% | 11.86% | 9.93% | -19.69% | 16.18% | 9.39% | 7.92% |
| Jun 30, 2017 | 8.18% | 8.78% | 1.77% | 14.63% | -5.11% | 4.08% | 3.92% | 7.61% |
| Jun 30, 2016 | 7.10% | 5.18% | -0.19% | 9.73% | 8.00% | 12.24% | 11.22% | 8.83% |
| Jun 30, 2015 | 7.96% | 5.39% | 4.76% | 9.49% | -5.79% | 12.36% | 7.81% | 13.56% |
| Jun 30, 2014 | 7.88% | 6.00% | 7.09% | 7.95% | 14.27% | 10.52% | 7.93% | 9.55% |
| Jun 30, 2013 | 7.29% | 5.29% | 7.19% | 8.44% | 12.99% | 10.05% | 6.57% | 9.14% |
| Jun 30, 2012 | 8.76% | 4.77% | 9.01% | 7.46% | 13.62% | 7.77% | 5.82% | 8.89% |
| Jun 30, 2011 | 8.50% | 5.85% | 8.59% | 8.41% | 14.97% | 5.66% | 5.71% | 8.56% |
| Jun 30, 2010 | 5.54% | 5.14% | 6.77% | 6.77% | 11.59% | 6.06% | 6.39% | 8.05% |
| Jun 30, 2009 | 4.93% | 1.92% | 3.03% | 3.23% | 10.62% | 6.97% | 6.69% | 7.30% |
| Jun 30, 2008 | 7.82% | 4.39% | 7.40% | 6.88% | 15.44% | 7.64% | 7.53% | 8.08% |
| Jun 30, 2007 | 7.74% | 6.14% | 8.44% | 7.63% | 22.31% | 7.07% | 7.25% | 7.83% |
| Jun 30, 2006 | 7.17% | 3.60% | 9.10% | 7.68% | 20.68% | 6.64% | 6.38% | 7.92% |
| Jun 30, 2005 | 7.36% | 4.69% | 8.39% | 7.24% | 17.66% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Sector (Capital Goods)
Parker-Hannifin Corp., net profit margin, long-term trends, comparison to sector (capital goods)
| Parker-Hannifin Corp. | Capital Goods | |
|---|---|---|
| Jun 30, 2022 | 8.29% | 5.27% |
| Jun 30, 2021 | 12.17% | 3.71% |
| Jun 30, 2020 | 8.81% | 1.85% |
| Jun 30, 2019 | 10.56% | 5.03% |
| Jun 30, 2018 | 7.42% | 2.99% |
| Jun 30, 2017 | 8.18% | 3.41% |
| Jun 30, 2016 | 7.10% | 7.61% |
| Jun 30, 2015 | 7.96% | 4.69% |
| Jun 30, 2014 | 7.88% | 9.51% |
| Jun 30, 2013 | 7.29% | 8.78% |
| Jun 30, 2012 | 8.76% | 8.73% |
| Jun 30, 2011 | 8.50% | 9.04% |
| Jun 30, 2010 | 5.54% | 7.93% |
| Jun 30, 2009 | 4.93% | 6.61% |
| Jun 30, 2008 | 7.82% | 9.45% |
| Jun 30, 2007 | 7.74% | 11.53% |
| Jun 30, 2006 | 7.17% | 10.82% |
| Jun 30, 2005 | 7.36% | 9.72% |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Industrials)
Parker-Hannifin Corp., net profit margin, long-term trends, comparison to industry (industrials)
| Parker-Hannifin Corp. | Industrials | |
|---|---|---|
| Jun 30, 2022 | 8.29% | 5.04% |
| Jun 30, 2021 | 12.17% | 5.85% |
| Jun 30, 2020 | 8.81% | 0.09% |
| Jun 30, 2019 | 10.56% | 4.11% |
| Jun 30, 2018 | 7.42% | 4.75% |
| Jun 30, 2017 | 8.18% | 5.79% |
| Jun 30, 2016 | 7.10% | 7.43% |
| Jun 30, 2015 | 7.96% | 6.48% |
| Jun 30, 2014 | 7.88% | 8.76% |
| Jun 30, 2013 | 7.29% | 8.23% |
| Jun 30, 2012 | 8.76% | 7.39% |
| Jun 30, 2011 | 8.50% | 8.26% |
| Jun 30, 2010 | 5.54% | 7.48% |
| Jun 30, 2009 | 4.93% | 5.76% |
| Jun 30, 2008 | 7.82% | 7.27% |
| Jun 30, 2007 | 7.74% | 9.56% |
| Jun 30, 2006 | 7.17% | 14.87% |
| Jun 30, 2005 | 7.36% | 3.55% |
Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).