Parker-Hannifin Corporation (PH)

Operating 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
Operating income (ttm)	US$ in thousands	4,118,685	4,071,095	4,014,855	3,985,074	3,907,727	3,860,707	3,724,021	3,411,695	3,117,762	2,852,170	2,729,311	2,785,423	2,825,055	2,794,583	2,693,340	2,573,061	2,400,238	2,158,967	2,058,883	1,940,897
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
Operating profit margin		20.75%	20.57%	20.17%	19.94%	19.61%	19.46%	18.78%	17.34%	16.35%	15.71%	15.88%	17.06%	17.81%	17.88%	17.61%	17.29%	16.73%	15.93%	15.24%	14.28%

June 30, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,118,685K ÷ $19,849,920K
= 20.75%

The operating profit margin of Parker-Hannifin Corporation exhibits a generally upward trend over the analyzed period from September 30, 2020, through June 30, 2025. Starting at 14.28% as of September 30, 2020, the margin experienced consistent growth, reaching peaks such as 17.88% by March 31, 2022, and subsequently fluctuated mildly in the subsequent quarters. Notably, there was a decline observed at the end of 2022, with the margin decreasing to 15.88% as of December 31, 2022, before resuming an upward trajectory in 2023.

By the third quarter of 2023, the margin had increased to 17.34%, and continued strengthening through the end of 2023 and into 2024, culminating at 20.17% as of December 31, 2024. The upward momentum persisted into 2025, with projections indicating further improvements, reaching 20.75% by June 30, 2025.

These figures suggest that Parker-Hannifin has demonstrated effective operational control, improving profitability margins over time. The fluctuations, particularly around late 2022, could be attributable to external market factors, cost management issues, or temporary operational challenges, but the overall trend indicates a strengthening operating profit margin. The consistent increase in recent periods reflects improved operational efficiency, revenue growth, or cost management strategies contributing to higher profitability as a proportion of sales.