Gross Profit Comparison: Snap-on Incorporated and Clean Harbors, Inc. Trends

Gross Profit Trends: Snap-on vs. Clean Harbors

In the ever-evolving landscape of American industry, Snap-on Incorporated and Clean Harbors, Inc. have emerged as significant players. Over the past decade, from 2014 to 2023, these companies have shown distinct trajectories in their gross profit margins. Snap-on, a leader in manufacturing tools and equipment, has consistently outperformed Clean Harbors, a prominent environmental services provider.

Key Insights

• Snap-on's Growth: Snap-on's gross profit surged by approximately 65% from 2014 to 2023, peaking at $2.62 billion in 2023. This growth reflects its robust market position and strategic expansions.
• Clean Harbors' Resilience: Despite facing industry challenges, Clean Harbors increased its gross profit by around 73% over the same period, reaching $1.66 billion in 2023.

These trends highlight the dynamic nature of these industries and the strategic maneuvers that have propelled these companies forward.