Key Insights on Gross Profit: Trane Technologies plc vs Clean Harbors, Inc.

A Decade of Gross Profit Growth: Trane Technologies vs. Clean Harbors

In the ever-evolving landscape of industrial giants, Trane Technologies plc and Clean Harbors, Inc. have showcased remarkable financial trajectories over the past decade. From 2014 to 2023, Trane Technologies has consistently outperformed Clean Harbors in terms of gross profit, with an impressive growth of approximately 50% from 2014 to 2023. In 2023, Trane Technologies reported a gross profit of nearly $5.9 billion, marking a significant leap from its 2014 figure of around $3.9 billion.

Conversely, Clean Harbors, Inc. has demonstrated steady growth, with its gross profit increasing by about 73% over the same period. By 2023, Clean Harbors reached a gross profit of approximately $1.7 billion, up from $960 million in 2014. This data highlights the resilience and strategic prowess of both companies in navigating the industrial sector's challenges and opportunities.