Analyzing Cost of Revenue: Parker-Hannifin Corporation and Equifax Inc.

Analyzing Cost of Revenue: Parker-Hannifin Corporation vs. Equifax Inc.

In the ever-evolving landscape of industrial and financial sectors, understanding cost dynamics is crucial. Parker-Hannifin Corporation, a leader in motion and control technologies, and Equifax Inc., a global data analytics company, present intriguing contrasts in their cost of revenue trends from 2014 to 2023.

Key Insights

Parker-Hannifin's cost of revenue has shown a steady increase, peaking at approximately $12.8 billion in 2023, marking a 26% rise from 2014. This growth reflects the company's expanding operations and market reach. In contrast, Equifax's cost of revenue surged by 176% over the same period, reaching around $2.3 billion in 2023. This sharp increase underscores the growing demand for data services and the associated costs.

Missing Data

While Parker-Hannifin's data extends into 2024, Equifax's data for that year is unavailable, highlighting potential gaps in financial reporting or data collection.