Comparing Revenue Performance: Parker-Hannifin Corporation or PACCAR Inc?

Revenue Showdown: Parker-Hannifin vs. PACCAR

In the competitive landscape of industrial giants, Parker-Hannifin Corporation and PACCAR Inc have been pivotal players. Over the past decade, PACCAR has consistently outperformed Parker-Hannifin in terms of revenue. From 2014 to 2023, PACCAR's revenue surged by approximately 85%, peaking in 2023 with a remarkable $35 billion. In contrast, Parker-Hannifin's revenue grew by about 44% during the same period, reaching nearly $20 billion in 2024.

A Decade of Growth

PACCAR's revenue growth trajectory highlights its robust market position, especially in the automotive sector. Meanwhile, Parker-Hannifin, a leader in motion and control technologies, has shown steady growth, albeit at a slower pace. The data reveals a clear trend: PACCAR's revenue has consistently been about 1.5 times that of Parker-Hannifin.

Looking Ahead

As we move forward, the question remains: Can Parker-Hannifin close the gap, or will PACCAR continue to dominate?