Who Generates Higher Gross Profit? Parker-Hannifin Corporation or Textron Inc.

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

In the competitive landscape of industrial manufacturing, Parker-Hannifin Corporation and Textron Inc. have long been titans. Over the past decade, Parker-Hannifin has consistently outperformed Textron in terms of gross profit. From 2014 to 2023, Parker-Hannifin's gross profit surged by over 135%, peaking at an impressive $7.1 billion in 2024. In contrast, Textron's growth was more modest, with a notable spike in 2024, reaching $13.7 billion, a significant leap from previous years.

This data highlights Parker-Hannifin's steady growth trajectory, with a consistent upward trend, especially from 2020 onwards. Meanwhile, Textron's performance, although stable, shows a sudden and remarkable increase in 2024, suggesting strategic shifts or market changes. As these companies continue to innovate, their financial performances will be crucial indicators of their market positions.