Discontinued — last reported Q3 '25
Tax Credit Carryforward Valuation Allowance
Parker-Hannifin Tax Credit Carryforward Valuation Allowance increased by 16.7% to $35.00M in Q2 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.7%, from $30.00M to $35.00M. Over 4 years (FY 2021 to FY 2025), Tax Credit Carryforward Valuation Allowance shows an upward trend with a 9.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase signals management's reduced confidence in utilizing tax credits, while a decrease suggests improved prospects for tax savings.
Detailed definition
This is a contra-asset account established against deferred tax assets related to tax credit carryforwards when it is mo...
Peer comparison
Varies significantly based on profitability and tax jurisdiction; peers with stable earnings typically maintain lower valuation allowances.
tax_credit_carryforward_valuation_allowanceHistorical Data
| Q2 '21 | Q2 '22 | Q2 '23 | Q2 '24 | Q2 '25 | |
|---|---|---|---|---|---|
| Value | $23.98M | $26.00M | $20.00M | $30.00M | $35.00M |
| QoQ Change | — | +8.4% | -23.1% | +50.0% | +16.7% |
| YoY Change | — | +8.4% | -23.1% | +50.0% | +16.7% |
Tax Credit Carryforward Valuation Allowance at Other Companies
Frequently Asked Questions
- What is Parker-Hannifin's tax credit carryforward valuation allowance?
- Parker-Hannifin (PH) reported tax credit carryforward valuation allowance of $35.00M in Q2 2025.
- How has Parker-Hannifin's tax credit carryforward valuation allowance changed year-over-year?
- Parker-Hannifin's tax credit carryforward valuation allowance increased by 16.7% year-over-year, from $30.00M to $35.00M.
- What is the long-term trend for Parker-Hannifin's tax credit carryforward valuation allowance?
- Over 4 years (2021 to 2025), Parker-Hannifin's tax credit carryforward valuation allowance has grown at a 9.9% compound annual growth rate (CAGR), from $23.98M to $35.00M.
- What does tax credit carryforward valuation allowance mean?
- A reserve account reducing the value of tax credits that the company may not be able to use.