Parker-Hannifin Corporation (PH)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,844,220 | 2,082,940 | 1,315,600 | 1,746,100 | 1,201,970 |
| Revenue | US$ in thousands | 19,984,900 | 18,807,800 | 15,709,500 | 14,233,900 | 13,372,200 |
| Net profit margin | 14.23% | 11.07% | 8.37% | 12.27% | 8.99% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,844,220K ÷ $19,984,900K
= 14.23%
The net profit margin of Parker-Hannifin Corporation has shown an increasing trend over the past five years. The margin was 8.99% in 2020, which increased to 12.27% in 2021, decreased slightly to 8.37% in 2022, and then rose to 11.07% in 2023 and further to 14.23% in 2024. This indicates that the company has been able to improve its efficiency in generating profit from its revenue over the years. The latest net profit margin of 14.23% reflects that for every dollar in revenue, Parker-Hannifin Corporation is earning 14.23 cents in net profit, showcasing its profitability and effective cost management strategies.
Peer comparison
Jun 30, 2024