Key Insights on Gross Profit: Watsco, Inc. vs ITT Inc.

A Decade of Gross Profit Growth: Watsco, Inc. vs ITT Inc.

In the competitive landscape of industrial giants, Watsco, Inc. and ITT Inc. have showcased remarkable financial trajectories over the past decade. From 2014 to 2023, Watsco, Inc. has consistently outperformed ITT Inc. in terms of gross profit, with a notable 110% increase, peaking at approximately $2 billion in 2022. Meanwhile, ITT Inc. demonstrated a steady growth of around 28%, reaching its highest gross profit of about $1.1 billion in 2023.

Key Insights

• Watsco, Inc.: Witnessed a significant surge in gross profit, particularly between 2020 and 2022, where it jumped by 66%.
• ITT Inc.: Despite a more modest growth, ITT Inc. maintained a stable upward trend, with a 20% increase from 2020 to 2023.

These insights highlight the dynamic shifts in the industrial sector, with Watsco, Inc. leading the charge in profitability growth.