Stock Analysis on Net
Stock Analysis on Net

Parker-Hannifin Corp. (NYSE:PH)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 7, 2023.

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Parker-Hannifin Corp., ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income attributable to common shareholders1 ÷ Shareholders’ equity1
Jun 30, 2022 = 100 × ÷
Jun 30, 2021 = 100 × ÷
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Jun 30, 2019 = 100 × ÷
Jun 30, 2018 = 100 × ÷
Jun 30, 2017 = 100 × ÷
Jun 30, 2016 = 100 × ÷
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Jun 30, 2009 = 100 × ÷
Jun 30, 2008 = 100 × ÷
Jun 30, 2007 = 100 × ÷
Jun 30, 2006 = 100 × ÷
Jun 30, 2005 = 100 × ÷

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 analysis of the annual financial data reveals several notable trends and patterns in the company's performance over the observed period.

Net Income Attributable to Common Shareholders
The net income shows fluctuations with an overall upward trend from 2005 to 2022. Starting at approximately 605 million USD in 2005, net income increased significantly in 2007 and 2008, reaching peaks above 1 trillion USD in multiple years, notably 2011 and 2012. A notable decline occurred in 2009, coinciding with the global financial crisis period, followed by recovery and growth in subsequent years. The highest net income was recorded in 2019 with over 1.5 trillion USD, followed by slightly lower levels but still strong performance through 2021 and 2022, reflecting resilience and recovery after minor dips.
Shareholders’ Equity
Shareholders' equity demonstrated a general upward trajectory from about 3.3 billion USD in 2005 to nearly 8.8 billion USD in 2022. There were periods of volatility, such as decreases around 2009 and again between 2014 and 2016, indicating possible capital adjustments or losses during these intervals. However, the overall growth highlights strengthening equity base and value accumulation for shareholders over time, suggesting prudent capital management and retained earnings reinvestment.
Return on Equity (ROE)
The ROE metric exhibits variability yet remains mostly robust throughout the analyzed years. Initial levels near 18% in 2005 dipped to around 12-13% in 2009-2010, reflecting the impact of economic challenges on profitability. A striking improvement occurred from 2010 to 2012, with ROE peaking above 23%, indicating enhanced efficiency in generating returns from shareholders' equity. Post-2012, the ROE fluctuated, maintaining a range primarily between 15% and 20%, with a notable peak of 25.37% in 2019. The decline to approximately 14.87% in 2022 suggests some moderation in profitability relative to equity, but still indicates a sound return level in a broader context.

In summary, the company demonstrated resilience and growth in net income and shareholders' equity across the timeframe, with periodic fluctuations likely influenced by broader economic conditions. Return on equity remained strong overall, underscoring effective utilization of equity capital despite cyclical volatility. The 2009 downturn and subsequent recoveries are prominent in the financial trends, illustrating adaptability and recovery capacity.

Comparison to Competitors

Parker-Hannifin Corp., ROE, long-term trends, comparison to competitors

Microsoft Excel
Parker-Hannifin Corp. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
Jun 30, 2022
Jun 30, 2021
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Jun 30, 2008
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Jun 30, 2005

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., ROE, long-term trends, comparison to sector (capital goods)

Microsoft Excel
Parker-Hannifin Corp. Capital Goods
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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., ROE, long-term trends, comparison to industry (industrials)

Microsoft Excel
Parker-Hannifin Corp. Industrials
Jun 30, 2022
Jun 30, 2021
Jun 30, 2020
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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).