Automatic Data Processing, Inc. and Cummins Inc.: A Detailed Gross Profit Analysis

ADP vs. Cummins: A Decade of Profit Growth

__timestampAutomatic Data Processing, Inc.Cummins Inc.
Wednesday, January 1, 201446114000004861000000
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Sunday, January 1, 201747126000005090000000
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Tuesday, January 1, 201955267000005980000000
Wednesday, January 1, 202061447000004894000000
Friday, January 1, 202163651000005695000000
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Sunday, January 1, 202380588000008249000000
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Infusing magic into the data realm

A Decade of Gross Profit Growth: ADP vs. Cummins

In the ever-evolving landscape of American industry, Automatic Data Processing, Inc. (ADP) and Cummins Inc. have showcased remarkable financial trajectories over the past decade. From 2014 to 2023, ADP's gross profit surged by approximately 89%, reflecting its robust growth and strategic market positioning. Cummins, a leader in power solutions, also demonstrated a commendable increase of around 70% in the same period, despite facing challenges in 2020 with a dip in profits.

The year 2023 marked a significant milestone, with both companies achieving their highest gross profits in the decade, ADP at $8.1 billion and Cummins at $8.2 billion. However, data for 2024 remains incomplete for Cummins, leaving room for speculation on its future performance. This analysis underscores the resilience and adaptability of these industrial giants in a competitive market.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025