AMETEK, Inc. vs L3Harris Technologies, Inc.: A Gross Profit Performance Breakdown

A Tale of Two Giants: AMETEK, Inc. and L3Harris Technologies, Inc.

In the competitive landscape of industrial technology and defense, AMETEK, Inc. and L3Harris Technologies, Inc. have showcased remarkable growth in gross profit over the past decade. From 2014 to 2023, AMETEK's gross profit surged by approximately 67%, reflecting its strategic expansions and innovations. Meanwhile, L3Harris, a key player in defense technology, saw its gross profit more than triple, underscoring its dominance in the sector.

Key Insights

• 2019 Milestone: L3Harris's gross profit skyrocketed, marking a pivotal year with a 117% increase from 2018, driven by strategic mergers and defense contracts.
• Steady Growth: AMETEK maintained a consistent upward trajectory, with notable growth in 2022 and 2023, highlighting its resilience and adaptability.

These trends not only reflect the companies' financial health but also their strategic positioning in their respective industries.