Gross Profit Analysis: Comparing Trane Technologies plc and Graco Inc.

Industrial Giants' Profit Growth: A Decade in Review

__timestampGraco Inc.Trane Technologies plc
Wednesday, January 1, 20146667360003908600000
Thursday, January 1, 20156847000003999100000
Friday, January 1, 20167082390004179600000
Sunday, January 1, 20177930490004386000000
Monday, January 1, 20188825390004820600000
Tuesday, January 1, 20198597560005147400000
Wednesday, January 1, 20208549370003803400000
Friday, January 1, 202110339490004469600000
Saturday, January 1, 202210574390004964800000
Sunday, January 1, 202311610210005857200000
Monday, January 1, 202411224610007080500000
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Infusing magic into the data realm

Gross Profit Trends: Trane Technologies plc vs. Graco Inc.

In the ever-evolving landscape of industrial manufacturing, understanding financial performance is crucial. This analysis delves into the gross profit trends of two industry giants: Trane Technologies plc and Graco Inc., from 2014 to 2023. Over this decade, Trane Technologies consistently outperformed Graco Inc., with gross profits peaking at approximately $5.86 billion in 2023, marking a 50% increase from 2014. In contrast, Graco Inc. saw a steady rise, reaching around $1.16 billion in 2023, an impressive 74% growth from its 2014 figures. Notably, 2020 was a challenging year for Trane Technologies, with profits dipping to $3.80 billion, likely due to global economic disruptions. As we look to the future, the absence of data for Trane Technologies in 2024 leaves room for speculation on its continued trajectory.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025