Gross Profit Trends Compared: Automatic Data Processing, Inc. vs Illinois Tool Works Inc.

Gross Profit Trends: A Tale of Two Giants

In the ever-evolving landscape of industrial and business services, Automatic Data Processing, Inc. (ADP) and Illinois Tool Works Inc. (ITW) stand as titans. Over the past decade, these companies have showcased remarkable growth in their gross profits, reflecting their resilience and strategic prowess.

From 2014 to 2023, ADP's gross profit surged by approximately 89%, highlighting its robust business model and adaptability in a competitive market. In contrast, ITW experienced a steady growth of around 17% during the same period, underscoring its consistent performance in the industrial sector.

Interestingly, 2020 marked a pivotal year for both companies. While ADP's profits soared by 11% from the previous year, ITW faced a dip, reflecting the broader economic challenges of the time. As we look to the future, the absence of data for ITW in 2024 leaves us anticipating their next strategic move.