A Decade of Gross Profit Performance: Parker-Hannifin vs. Roper Technologies

In the competitive landscape of industrial manufacturing, Parker-Hannifin Corporation and Roper Technologies, Inc. have been key players. Over the past decade, Parker-Hannifin has demonstrated a remarkable growth trajectory in gross profit, surging by approximately 135% from 2014 to 2023. In contrast, Roper Technologies experienced a steady increase of around 105% over the same period.

Key Insights

• 2014-2018: Both companies showed consistent growth, with Parker-Hannifin's gross profit increasing by 17% and Roper's by 56%.
• 2019-2023: Parker-Hannifin's gross profit skyrocketed, particularly in 2023, marking a 40% increase from the previous year, while Roper's growth was more moderate at 22%.

The data highlights Parker-Hannifin's aggressive expansion strategy, while Roper's steady growth reflects its focus on sustainable profitability. Missing data for 2024 suggests a need for further analysis to understand future trends.