Parker-Hannifin Corporation and Owens Corning: A Detailed Examination of EBITDA Performance

A Comparative Analysis of EBITDA Performance: Parker-Hannifin vs. Owens Corning

In the ever-evolving landscape of industrial giants, Parker-Hannifin Corporation and Owens Corning stand out with their impressive EBITDA trajectories over the past decade. From 2014 to 2023, Parker-Hannifin has consistently outperformed Owens Corning, showcasing a robust growth of approximately 122% in EBITDA, peaking at an impressive $4.07 billion in 2023. In contrast, Owens Corning demonstrated a steady climb, with a notable 233% increase from 2014 to 2022, reaching $2.2 billion.

The year 2020 marked a challenging period for Owens Corning, with EBITDA dipping to $341 million, reflecting the global economic downturn. However, the company rebounded strongly, achieving its highest EBITDA in 2022. Meanwhile, Parker-Hannifin's strategic initiatives have propelled its EBITDA to new heights, with a remarkable surge in 2023. As we look forward, the absence of 2024 data for Owens Corning leaves room for speculation on its future trajectory.