Who Generates Higher Gross Profit? Waste Management, Inc. or Illinois Tool Works Inc.

A Decade of Gross Profit: Waste Management vs. Illinois Tool Works

In the ever-evolving landscape of American industry, Waste Management, Inc. and Illinois Tool Works Inc. have emerged as titans in their respective fields. Over the past decade, from 2014 to 2023, these companies have demonstrated remarkable financial performance, particularly in terms of gross profit.

Waste Management, Inc., a leader in environmental services, has shown a consistent upward trajectory in gross profit, culminating in a 57% increase from 2014 to 2023. Notably, in 2023, Waste Management's gross profit reached its peak, surpassing Illinois Tool Works by approximately 15%.

Illinois Tool Works Inc., a diversified manufacturer, has also experienced growth, albeit at a steadier pace. Despite a dip in 2020, the company rebounded strongly, achieving a 17% increase in gross profit by 2023 compared to 2014.

This financial duel highlights the resilience and adaptability of these industry giants, each navigating their unique challenges and opportunities.