Non-Current Assets
Tax Credit Carryforward Valuation Allowance
Parker-Hannifin Tax Credit Carryforward Valuation Allowance decreased by 96.7% to $35.00M in Q2 2025 compared to the prior quarter. Year-over-year, this metric declined by 96.7%, from $1.07B to $35.00M. Over 4 years (FY 2021 to FY 2025), Tax Credit Carryforward Valuation Allowance shows a downward trend with a -55.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ4 2015
Last reportedQ4 2025Aug 22, 2025
How to read this metric
A decrease in the allowance is a positive signal, indicating increased confidence in future profitability and tax utilization.
Detailed definition
This is a contra-asset account representing the portion of tax credit carryforwards that management believes is more lik...
Peer comparison
Standard accounting practice for all corporations with significant deferred tax assets.
Metric ID:
tax_credit_carryforward_valuation_allowanceHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $865.76M | $901.88M | $1.08B | $1.07B | $35.00M |
| QoQ Change | — | +4.2% | +19.6% | -0.8% | -96.7% |
| YoY Change | — | +4.2% | +19.6% | -0.8% | -96.7% |
Range$35.00M – $1.08B
CAGR-96.0%
Avg YoY Growth-18.4%
Median YoY Growth+1.7%
Current Streak2 quarters decline
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 decreased by 96.7% year-over-year, from $1.07B 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 -55.2% compound annual growth rate (CAGR), from $865.76M to $35.00M.
- What does tax credit carryforward valuation allowance mean?
- A reserve account for tax credits that the company might not be able to use.