Employing a strengths-based perspective, this study examined protective factors related to fathers’ positive parenting behaviors and parenting satisfaction. The sample included 3,810 active duty veteran fathers who separated from the active component and had at least one child 18 years and younger. Logistic regression analyses indicated that financial status, health functioning, resilience, social support, positive social functioning with community and friends, and positive social functioning with relatives were all associated with parenting functioning. The interaction of the number of deployments and resilience was related to parenting functioning. Furthermore, health functioning, resilience, social support, positive social functioning with community and friends, and positive social functioning with relatives were associated with parenting satisfaction. Among fathers in a romantic relationship, the interaction of the number of deployments and romantic relationship functioning and the interaction of the number of deployments and romantic relationship satisfaction were both related to parenting functioning and parenting satisfaction.