Gross Profit Trends Compared: Parker-Hannifin Corporation vs Owens Corning

Gross Profit Trends: A Tale of Two Giants

In the competitive landscape of industrial manufacturing, Parker-Hannifin Corporation and Owens Corning have showcased distinct trajectories in their gross profit trends over the past decade. From 2014 to 2023, Parker-Hannifin's gross profit surged by approximately 112%, peaking at an impressive $6.43 billion in 2023. This growth reflects the company's strategic expansions and innovations in motion and control technologies.

Conversely, Owens Corning, a leader in building materials, experienced a steady rise in gross profit, with a notable 175% increase from 2014 to 2023, reaching $2.68 billion. This growth underscores the company's resilience and adaptability in the face of market fluctuations.

While Parker-Hannifin's profits soared, Owens Corning's consistent growth highlights its robust market position. The data for 2024 remains incomplete, leaving room for speculation on future trends.