Gross Profit Analysis: Comparing Hubbell Incorporated and Snap-on Incorporated

Industrial Giants: Hubbell vs. Snap-on Gross Profit Trends

__timestampHubbell IncorporatedSnap-on Incorporated
Wednesday, January 1, 201411090000001584300000
Thursday, January 1, 201510918000001648300000
Friday, January 1, 201611007000001709600000
Sunday, January 1, 201711519000001824900000
Monday, January 1, 201813004000001870000000
Tuesday, January 1, 201913527000001844000000
Wednesday, January 1, 202012093000001748500000
Friday, January 1, 202111515000002110800000
Saturday, January 1, 202214716000002181100000
Sunday, January 1, 202318881000002619800000
Monday, January 1, 202419041000002377900000
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Infusing magic into the data realm

Gross Profit Trends: Hubbell vs. Snap-on

In the competitive landscape of industrial manufacturing, Hubbell Incorporated and Snap-on Incorporated have showcased intriguing trends in gross profit over the past decade. From 2014 to 2023, Snap-on consistently outperformed Hubbell, with an average gross profit approximately 50% higher. Notably, Snap-on's gross profit surged by 65% from 2014 to 2023, peaking at $2.62 billion in 2023. Meanwhile, Hubbell experienced a 70% increase, reaching $1.89 billion in the same year.

Key Insights

  • 2014-2018: Both companies showed steady growth, with Snap-on maintaining a lead.
  • 2019-2020: A slight dip for Hubbell, while Snap-on remained stable.
  • 2021-2023: A significant recovery and growth for both, with Snap-on's profits soaring.

These trends highlight the resilience and strategic prowess of these industrial giants, making them key players to watch in the coming years.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025