Who Generates Higher Gross Profit? Parker-Hannifin Corporation or Allegion plc

A Tale of Two Giants: Parker-Hannifin vs. Allegion

In the competitive landscape of industrial manufacturing, Parker-Hannifin Corporation and Allegion plc stand as titans. Over the past decade, Parker-Hannifin has consistently outperformed Allegion in terms of gross profit. From 2014 to 2023, Parker-Hannifin's gross profit surged by over 110%, peaking at approximately $6.43 billion in 2023. In contrast, Allegion's growth, while steady, was more modest, with a 85% increase, reaching around $1.58 billion in the same year.

Key Insights

• Parker-Hannifin's Dominance: By 2023, Parker-Hannifin's gross profit was over four times that of Allegion, highlighting its robust market position.
• Growth Trajectory: Both companies showed resilience, but Parker-Hannifin's growth trajectory was notably steeper.
• Data Gaps: The absence of Allegion's 2024 data suggests potential reporting delays or strategic shifts.

This analysis underscores the dynamic nature of the industrial sector and the strategic maneuvers of its key players.