Clean Harbors, Inc. and Allegion plc: A Detailed Gross Profit Analysis

A Tale of Two Companies: Gross Profit Trends from 2014 to 2023

In the ever-evolving landscape of industrial and security solutions, Clean Harbors, Inc. and Allegion plc have demonstrated remarkable growth in their gross profits over the past decade. From 2014 to 2023, Allegion plc saw its gross profit surge by approximately 85%, reflecting its robust market strategies and expanding global footprint. Meanwhile, Clean Harbors, Inc. experienced a similar upward trajectory, with a notable 73% increase in gross profit, underscoring its resilience and adaptability in the environmental services sector.

Key Insights

• 2014-2017: Both companies showed steady growth, with Allegion plc maintaining a slight edge.
• 2018-2020: Clean Harbors, Inc. narrowed the gap, achieving a 22% increase in 2020 alone.
• 2021-2023: Clean Harbors, Inc. outpaced Allegion plc, culminating in a 2023 gross profit that was 5% higher than its competitor.

These trends highlight the dynamic nature of these industries and the strategic maneuvers that have propelled these companies forward.