Key Insights on Gross Profit: Parker-Hannifin Corporation vs ITT Inc.

A Tale of Two Giants: Parker-Hannifin Corporation vs ITT Inc.

In the competitive landscape of industrial manufacturing, Parker-Hannifin Corporation and ITT Inc. have long been titans. Over the past decade, Parker-Hannifin has consistently outperformed ITT Inc. in terms of gross profit. From 2014 to 2023, Parker-Hannifin's gross profit surged by over 110%, peaking at approximately $6.43 billion in 2023. In contrast, ITT Inc. experienced a more modest growth of around 28%, reaching its highest gross profit of about $1.11 billion in the same year.

The data reveals a significant gap between the two companies, with Parker-Hannifin's gross profit consistently being three to four times higher than ITT Inc.'s. This trend underscores Parker-Hannifin's robust market position and strategic prowess. As we look to the future, the absence of ITT Inc.'s 2024 data leaves room for speculation on whether it can close the gap.