Trane Technologies plc vs Avery Dennison Corporation: A Gross Profit Performance Breakdown

A Tale of Two Giants: Trane Technologies vs. Avery Dennison

In the ever-evolving landscape of industrial innovation, Trane Technologies and Avery Dennison stand as titans of their respective fields. Over the past decade, these companies have showcased remarkable resilience and growth in their gross profit margins. From 2014 to 2023, Trane Technologies consistently outperformed Avery Dennison, with an average gross profit nearly 2.3 times higher. Notably, Trane Technologies saw a significant surge in 2023, achieving a gross profit of approximately 5.86 billion, marking a 20% increase from the previous year.

Avery Dennison, while trailing, demonstrated steady growth, peaking in 2022 with a gross profit of around 2.4 billion. This represents a 45% increase from 2014. The data highlights the dynamic nature of these industries and the strategic maneuvers each company has employed to maintain their competitive edge. As we look to the future, these trends offer valuable insights into the potential trajectories of these industrial leaders.