Gross Profit Comparison: IDEX Corporation and Clean Harbors, Inc. Trends

A Decade of Gross Profit Trends: IDEX Corporation vs. Clean Harbors, Inc.

In the ever-evolving landscape of industrial and environmental services, IDEX Corporation and Clean Harbors, Inc. have showcased intriguing financial trajectories over the past decade. From 2014 to 2023, both companies have demonstrated resilience and growth, with IDEX Corporation's gross profit increasing by approximately 53% and Clean Harbors, Inc. by an impressive 73%.

Key Insights

• 2014-2017: Clean Harbors, Inc. experienced a slight dip in gross profit, while IDEX Corporation maintained a steady upward trend, surpassing the $1 billion mark by 2017.
• 2018-2020: Both companies saw significant growth, with IDEX Corporation consistently leading until 2020.
• 2021-2023: Clean Harbors, Inc. surged ahead, achieving a gross profit of $1.66 billion in 2023, a 14% increase from 2022, while IDEX Corporation reached $1.45 billion, marking a 2% rise.

These trends highlight the dynamic nature of the industry and the strategic maneuvers by both companies to adapt and thrive.