Parker-Hannifin Corporation (PH)

Gross profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Gross profit (ttm)	US$ in thousands	7,335,790	7,252,870	7,215,450	7,212,820	7,159,260	7,122,510	7,050,720	6,760,400	6,439,580	5,772,780	5,205,250	4,827,110	4,648,220	4,613,880	4,489,020	4,340,332	3,913,143	3,598,825	3,511,225	3,422,941
Revenue (ttm)	US$ in thousands	19,849,920	19,793,740	19,907,750	19,986,110	19,929,620	19,838,740	19,826,040	19,679,900	19,065,190	18,157,080	17,181,810	16,331,580	15,861,610	15,632,650	15,292,590	14,879,910	14,347,640	13,549,370	13,505,470	13,591,540
Gross profit margin		36.96%	36.64%	36.24%	36.09%	35.92%	35.90%	35.56%	34.35%	33.78%	31.79%	30.30%	29.56%	29.30%	29.51%	29.35%	29.17%	27.27%	26.56%	26.00%	25.18%

June 30, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,335,790K ÷ $19,849,920K
= 36.96%

The gross profit margin of Parker-Hannifin Corporation has exhibited a consistent upward trend over the period from September 30, 2020, through June 30, 2025. Starting at 25.18% in September 2020, the margin steadily increased, reflecting an improvement of approximately 11.76 percentage points to reach 36.96% by June 2025.

During the initial period, from September 2020 to March 2021, the gross profit margin experienced gradual but steady growth, rising to 26.56%. The upward trend accelerated in the subsequent quarters, with the margin reaching 27.27% by June 2021 and further increasing to nearly 29.17% by September 2021. Small incremental improvements continued through 2022, with the margin surpassing 30% by the end of that year.

From late 2022 onward, the margin's growth became more pronounced. By March 2023, it had increased to 31.79%, and this upward momentum persisted into 2024, with the margin reaching 35.56% by the end of that year. The most recent data points, from March 2024 through June 2025, indicate continued incremental improvements, with the margin approaching 37%, culminating at 36.96% in June 2025.

This consistent upward trajectory suggests that Parker-Hannifin has been increasingly able to maintain or improve its cost management strategies, control raw material costs, or enhance pricing power over this period. The steady improvement in gross profit margin indicates effective operational efficiencies and profitability enhancements in the company's core manufacturing and sales activities.