Parker-Hannifin Corporation (PH) — Cash Flow Quality Index
Parker-Hannifin Corporation (PH) has a Cash Flow Quality Index of 1.20x as of June 2026. Operating cash flow of $4.36 Billion exceeds net income of $3.65 Billion, indicating high earnings quality where cash backs reported profits. Explore Parker-Hannifin Corporation debt service capacity to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Parker-Hannifin Corporation Cash Flow Quality Index (1989–2026)
Historical Cash Flow Quality Index for Parker-Hannifin Corporation across 38 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Parker-Hannifin Corporation operating cash flow efficiency.
Annual Cash Flow Quality Index for Parker-Hannifin Corporation (1989–2026)
Year-by-year earnings quality comparison for Parker-Hannifin Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 1.17x | $4.27 Billion | $3.65 Billion | ▲ +9.4% |
| 2025 | 1.07x | $3.78 Billion | $3.53 Billion | ▼ -10.1% |
| 2024 | 1.19x | $3.38 Billion | $2.84 Billion | ▼ -16.8% |
| 2023 | 1.43x | $2.98 Billion | $2.08 Billion | ▼ -22.9% |
| 2022 | 1.86x | $2.44 Billion | $1.32 Billion | ▲ +25.9% |
| 2021 | 1.47x | $2.58 Billion | $1.75 Billion | ▼ -14.1% |
| 2020 | 1.72x | $2.07 Billion | $1.21 Billion | ▲ +51.3% |
| 2019 | 1.13x | $1.73 Billion | $1.53 Billion | ▼ -24.6% |
| 2018 | 1.50x | $1.60 Billion | $1.06 Billion | ▲ +13.8% |
| 2017 | 1.32x | $1.30 Billion | $983.84 Million | ▼ -11.9% |
| 2016 | 1.50x | $1.21 Billion | $807.22 Million | ▲ +11.4% |
| 2015 | 1.35x | $1.36 Billion | $1.01 Billion | ▲ +1.0% |
| 2014 | 1.33x | $1.39 Billion | $1.04 Billion | ▲ +6.2% |
| 2013 | 1.26x | $1.19 Billion | $948.78 Million | ▼ -5.2% |
| 2012 | 1.32x | $1.53 Billion | $1.16 Billion | ▲ +20.0% |
| 2011 | 1.10x | $1.17 Billion | $1.06 Billion | ▼ -49.6% |
| 2010 | 2.19x | $1.22 Billion | $556.37 Million | ▼ -1.0% |
| 2009 | 2.21x | $1.13 Billion | $510.14 Million | ▲ +61.0% |
| 2008 | 1.38x | $1.32 Billion | $957.51 Million | ▲ +19.5% |
| 2007 | 1.15x | $955.01 Million | $830.05 Million | ▼ -18.9% |
| 2006 | 1.42x | $954.64 Million | $673.17 Million | ▲ +0.5% |
| 2005 | 1.41x | $853.51 Million | $604.69 Million | ▼ -26.3% |
| 2004 | 1.92x | $662.40 Million | $345.78 Million | ▼ -32.5% |
| 2003 | 2.84x | $557.06 Million | $196.27 Million | ▼ -41.5% |
| 2002 | 4.85x | $631.05 Million | $130.15 Million | ▲ +210.5% |
| 2001 | 1.56x | $532.16 Million | $340.79 Million | ▲ +6.9% |
| 2000 | 1.46x | $538.04 Million | $368.23 Million | ▼ -1.2% |
| 1999 | 1.48x | $459.10 Million | $310.50 Million | ▲ +49.1% |
| 1998 | 0.99x | $320.60 Million | $323.20 Million | ▼ -30.7% |
| 1997 | 1.43x | $392.30 Million | $274.00 Million | ▲ +1.5% |
| 1996 | 1.41x | $338.00 Million | $239.70 Million | ▲ +28.1% |
| 1995 | 1.10x | $240.10 Million | $218.20 Million | ▼ -77.8% |
| 1994 | 4.97x | $259.20 Million | $52.20 Million | ▲ +40.9% |
| 1993 | 3.52x | $229.40 Million | $65.10 Million | ▼ -4.9% |
| 1992 | 3.70x | $235.20 Million | $63.50 Million | ▼ -19.0% |
| 1991 | 4.57x | $270.70 Million | $59.20 Million | ▲ +312.2% |
| 1990 | 1.11x | $127.80 Million | $115.20 Million | ▼ -17.9% |
| 1989 | 1.35x | $138.90 Million | $102.80 Million | — |