Gross Profit Trends Compared: Trane Technologies plc vs Hubbell Incorporated

Gross Profit Trends: Trane Technologies vs Hubbell Incorporated

In the competitive landscape of industrial manufacturing, Trane Technologies plc and Hubbell Incorporated have showcased distinct trajectories in their gross profit trends over the past decade. From 2014 to 2023, Trane Technologies consistently outperformed Hubbell, with its gross profit peaking at approximately $5.86 billion in 2023, marking a 50% increase from 2014. In contrast, Hubbell's gross profit, while showing a steady rise, reached its highest at $1.89 billion in 2023, reflecting a 70% growth over the same period.

A Decade of Growth

The data highlights a significant recovery for both companies post-2020, a year marked by global economic challenges. Trane Technologies rebounded with a 54% increase in gross profit from 2020 to 2023, while Hubbell saw a remarkable 56% rise. These trends underscore the resilience and strategic prowess of these industrial giants in navigating market fluctuations.