• Parker-Hannifin average net profit margin for 2023 was 12.29%, a 60.86% increase from 2022.
• Parker-Hannifin average net profit margin for 2022 was 7.64%, a 37.84% increase from 2021.
• Parker-Hannifin average net profit margin for 2021 was 12.29%, a 30.33% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.