Gross Profit Trends Compared: Parker-Hannifin Corporation vs Cummins Inc.

Gross Profit Trends: Parker-Hannifin vs. Cummins

In the competitive landscape of industrial manufacturing, Parker-Hannifin Corporation and Cummins Inc. have been pivotal players. Over the past decade, from 2014 to 2023, these giants have showcased intriguing trends in their gross profits. Cummins Inc. started with a gross profit of approximately $4.9 billion in 2014, experiencing a steady climb to a remarkable $8.2 billion by 2023, marking a growth of nearly 68%. Meanwhile, Parker-Hannifin Corporation, though starting lower at around $3 billion, saw its gross profit rise to $6.4 billion in 2023, more than doubling over the same period.

The year 2023 was particularly noteworthy, with both companies reaching their peak gross profits. However, data for 2024 is incomplete, leaving room for speculation on future trends. This analysis highlights the resilience and growth potential of these industrial titans in a dynamic market.