Analyzing Cost of Revenue: Ingersoll Rand Inc. and Avery Dennison Corporation

Analyzing Cost of Revenue: A Tale of Two Giants

In the ever-evolving landscape of industrial and materials sectors, Ingersoll Rand Inc. and Avery Dennison Corporation stand as titans. Over the past decade, these companies have showcased intriguing trends in their cost of revenue, a critical metric reflecting the direct costs attributable to the production of goods sold by a company.

From 2014 to 2023, Avery Dennison's cost of revenue surged by approximately 30%, peaking in 2022. This growth underscores the company's expanding operations and market reach. In contrast, Ingersoll Rand experienced a more dramatic increase of over 140% during the same period, highlighting its aggressive expansion and strategic acquisitions.

The year 2020 marked a pivotal point for Ingersoll Rand, with costs nearly doubling, likely due to strategic shifts and market adaptations. As we delve into these financial narratives, the data reveals not just numbers, but stories of resilience, adaptation, and growth.