What does aerospace systems — investment in a joint venture mean?

The carrying value of the company's equity stake in collaborative aerospace business arrangements with other entities. This reflects strategic partnerships intended to share risk, technology, or market access in the aerospace industry.

Parker-Hannifin PH Aerospace Systems — Investment in a joint venture

Similar metrics at other companies

KTOSInvestments in unconsolidated joint ventures

$2M—

SYMInvestments in unconsolidated joint ventures

$31.46M—

MHOCorporate and Other — Investment in joint venture arrangements

$0—

SITCInvestments in unconsolidated joint ventures

$2K-33.3%

GDAerospace — Acquisitions

$0—

VLOInvestments in unconsolidated joint ventures

$0-100%

Other financials

Income statement

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Revenue$5.5B+10.6%

Gross profit$2.0B+10.2%

Net income$904.0M-6.0%

EPS (diluted)$7.06-4.2%

Balance sheet

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Cash & equivalents$476.0M+16.5%

Total debt$9.9B+19.4%

Total equity$14.6B+9.1%

Total assets$30.7B+6.1%

Cash flow

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Operating cash flow$984.0M+56.2%

CapEx$103.0M+17.0%

Free cash flow$881.0M+62.5%

Valuation

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Market cap$124.26B+33.3%

P/E35.7×+9.3×

P/S5.9×+1.2×

Profitability

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Gross margin37.2%+0.7pp

Net margin16.6%-0.6pp

FCF margin17.5%+1.7pp

Returns & leverage

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Return on equity24.9%-2.3pp

Debt / equity0.7×+0.1×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Parker-Hannifin in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The official record: Parker-Hannifin’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Parker-Hannifin's aerospace systems — investment in a joint venture?: Parker-Hannifin (PH) reported aerospace systems — investment in a joint venture of $225M in Q1 2026.
What does aerospace systems — investment in a joint venture mean?: The carrying value of the company's equity stake in collaborative aerospace business arrangements with other entities. This reflects strategic partnerships intended to share risk, technology, or market access in the aerospace industry.