Comparing Revenue Performance: Parker-Hannifin Corporation or Avery Dennison Corporation?

Revenue Showdown: Parker-Hannifin vs. Avery Dennison

In the competitive landscape of industrial and manufacturing giants, Parker-Hannifin Corporation and Avery Dennison Corporation have been pivotal players. Over the past decade, Parker-Hannifin has consistently outperformed Avery Dennison in terms of revenue, showcasing a robust growth trajectory. From 2014 to 2023, Parker-Hannifin's revenue surged by approximately 44%, peaking at nearly $19 billion in 2023. In contrast, Avery Dennison experienced a more modest growth of around 32%, reaching its highest revenue of about $9 billion in 2022.

The data highlights a significant revenue gap between the two companies, with Parker-Hannifin maintaining a revenue advantage of nearly double that of Avery Dennison throughout the years. This trend underscores Parker-Hannifin's strong market position and strategic growth initiatives. However, the absence of Avery Dennison's 2024 data leaves room for speculation on its future performance.