A Decade of Gross Profit Trends: Parker-Hannifin vs. Hubbell

In the ever-evolving landscape of industrial manufacturing, Parker-Hannifin Corporation and Hubbell Incorporated have been key players. Over the past decade, Parker-Hannifin has consistently outperformed Hubbell in terms of gross profit. From 2014 to 2023, Parker-Hannifin's gross profit surged by over 110%, peaking at approximately $6.4 billion in 2023. In contrast, Hubbell's growth was more modest, with a 70% increase, reaching around $1.9 billion in the same year.

Key Insights

• 2018-2023 Growth: Parker-Hannifin's gross profit grew by 80% from 2018 to 2023, while Hubbell saw a 45% increase.
• 2023 Milestone: Parker-Hannifin's gross profit in 2023 was more than three times that of Hubbell.

These trends highlight Parker-Hannifin's robust growth strategy and market adaptability, setting a benchmark in the industrial sector.