Who Generates Higher Gross Profit? Ingersoll Rand Inc. or Clean Harbors, Inc.

Who Leads in Gross Profit: Ingersoll Rand Inc. or Clean Harbors, Inc.?

In the competitive landscape of industrial and environmental services, understanding who generates higher gross profit can offer valuable insights. From 2014 to 2023, Ingersoll Rand Inc. has consistently outperformed Clean Harbors, Inc. in terms of gross profit. In 2023, Ingersoll Rand's gross profit surged to approximately 2.88 billion, marking a 24% increase from the previous year. Meanwhile, Clean Harbors, Inc. also showed growth, reaching around 1.66 billion in 2023, a 2.5% rise from 2022.

A Decade of Growth

Over the past decade, Ingersoll Rand Inc. has seen a remarkable upward trend, especially post-2020, where its gross profit nearly doubled by 2023. Clean Harbors, Inc., while showing steady growth, has not matched the rapid pace of its competitor. This data highlights the dynamic shifts in the industry and the strategic maneuvers by these companies to enhance profitability.