Gross Profit Trends: Lockheed Martin vs PACCAR

In the competitive landscape of American industry, Lockheed Martin Corporation and PACCAR Inc have showcased intriguing trends in their gross profits over the past decade. From 2014 to 2023, Lockheed Martin's gross profit surged by approximately 58%, peaking in 2021. However, a slight decline was observed in 2024, with profits dropping to around 7 billion USD. Meanwhile, PACCAR Inc demonstrated a remarkable growth trajectory, with gross profits increasing by over 150% during the same period, reaching a high in 2023.

Key Insights

• Lockheed Martin: Despite fluctuations, the company maintained a steady upward trend, with a notable increase in 2018.
• PACCAR Inc: The company experienced a significant leap in 2023, marking its highest gross profit in the decade.

These trends reflect the dynamic nature of the defense and automotive sectors, highlighting the resilience and adaptability of these industry giants.