Cost of Revenue Comparison: Parker-Hannifin Corporation vs HEICO Corporation

Cost of Revenue: A Tale of Two Corporations

In the competitive landscape of industrial manufacturing, Parker-Hannifin Corporation and HEICO Corporation have showcased distinct trajectories in their cost of revenue from 2014 to 2024. Parker-Hannifin, a leader in motion and control technologies, consistently reported higher costs, peaking at approximately $12.8 billion in 2024. This represents a steady increase of about 26% from 2014. Meanwhile, HEICO, a prominent aerospace and electronics company, saw its cost of revenue grow by an impressive 221%, reaching around $2.36 billion in 2024. This stark contrast highlights Parker-Hannifin's larger scale of operations compared to HEICO's rapid growth in a niche market. The data underscores the strategic differences in their business models, with Parker-Hannifin focusing on expansive operations and HEICO capitalizing on specialized sectors. As the industrial sector evolves, these trends offer valuable insights into the financial strategies of these two giants.