Fastenal Company and CNH Industrial N.V.: A Detailed Gross Profit Analysis

A Comparative Analysis of Gross Profit Trends: Fastenal Company vs. CNH Industrial N.V.

In the ever-evolving landscape of industrial giants, Fastenal Company and CNH Industrial N.V. have showcased intriguing gross profit trajectories over the past decade. From 2014 to 2023, CNH Industrial N.V. experienced a rollercoaster ride, with gross profits peaking in 2023 at approximately 7.9 billion, marking a 12% increase from 2014. Meanwhile, Fastenal Company demonstrated a steady upward trend, culminating in a 77% rise in gross profit from 2014 to 2023, reaching around 3.4 billion.

The data reveals a fascinating narrative of resilience and growth, with Fastenal consistently closing the gap with its larger counterpart. Notably, 2020 was a challenging year for both, with CNH Industrial N.V. hitting a low of 4.7 billion, while Fastenal maintained its growth trajectory. As we look to 2024, Fastenal's data remains robust, though CNH's figures are yet to be determined.