Revenue Showdown: PACCAR Inc vs. Allegion plc

In the competitive landscape of industrial giants, PACCAR Inc and Allegion plc have showcased distinct revenue trajectories over the past decade. PACCAR Inc, a leader in the design and manufacturing of premium trucks, has consistently outperformed Allegion plc, a global provider of security products and solutions. From 2014 to 2023, PACCAR's revenue surged by approximately 85%, peaking in 2023 with a remarkable $35 billion. In contrast, Allegion's revenue grew by about 72% during the same period, reaching $3.7 billion in 2023.

A Decade of Growth

PACCAR's revenue growth reflects its robust market position and strategic expansions, while Allegion's steady rise underscores its resilience in the security sector. Notably, 2020 marked a dip for both companies, likely due to global economic disruptions. However, both rebounded strongly, with PACCAR achieving its highest revenue in 2023. Missing data for 2024 suggests an opportunity for future analysis.