A Decade of Gross Profit Growth: Parker-Hannifin vs. Cintas

In the competitive landscape of industrial and service sectors, Parker-Hannifin Corporation and Cintas Corporation have showcased remarkable growth in gross profit over the past decade. From 2014 to 2024, Parker-Hannifin's gross profit surged by approximately 135%, reaching a peak of $7.13 billion in 2024. Meanwhile, Cintas Corporation demonstrated a robust growth of around 145%, culminating in a gross profit of $4.69 billion in the same year.

Key Insights

• 2014-2018: Both companies experienced steady growth, with Parker-Hannifin maintaining a lead.
• 2019-2023: Cintas narrowed the gap, achieving a 33% increase in gross profit, while Parker-Hannifin saw a 78% rise.
• 2024: Parker-Hannifin's gross profit was 52% higher than Cintas, highlighting its dominant position.

This analysis underscores the dynamic growth trajectories of these industry leaders, reflecting their strategic prowess and market adaptability.