Who Generates More Revenue? Parker-Hannifin Corporation or Dover Corporation

Revenue Race: Parker-Hannifin vs. Dover Corporation

In the competitive landscape of industrial manufacturing, Parker-Hannifin Corporation and Dover Corporation have been key players. Over the past decade, Parker-Hannifin has consistently outperformed Dover in terms of revenue generation. From 2014 to 2023, Parker-Hannifin's revenue grew by approximately 44%, peaking at nearly $19 billion in 2023. In contrast, Dover's revenue saw a modest increase of around 9% during the same period, reaching just over $8.4 billion in 2023.

A Decade of Growth

Parker-Hannifin's strategic acquisitions and innovations in motion and control technologies have fueled its impressive growth. Meanwhile, Dover's steady performance reflects its diversified portfolio across engineered systems and fluid management. Despite missing data for 2024, Parker-Hannifin's trajectory suggests continued dominance. This revenue comparison highlights the dynamic shifts in the industrial sector, where innovation and strategic positioning are key to staying ahead.