Gross Profit Analysis: Comparing Avery Dennison Corporation and ITT Inc.

Gross Profit Trends: Avery Dennison vs. ITT Inc.

In the ever-evolving landscape of industrial giants, Avery Dennison Corporation and ITT Inc. have showcased intriguing trends in their gross profit margins over the past decade. From 2014 to 2023, Avery Dennison has consistently outperformed ITT Inc., with an average gross profit nearly double that of its competitor. Notably, Avery Dennison's gross profit surged by approximately 45% from 2014 to 2022, peaking in 2022 before a slight dip in 2023. Meanwhile, ITT Inc. experienced a steady growth trajectory, culminating in a 28% increase over the same period, with a notable jump in 2023. This data highlights the resilience and strategic prowess of these companies in navigating market challenges. As we delve deeper into these figures, it becomes evident that both companies have adapted to changing market dynamics, albeit with differing strategies and outcomes.