A Decade of Gross Profit: Honeywell vs. Dover

In the competitive landscape of industrial giants, Honeywell International Inc. and Dover Corporation have showcased distinct trajectories in gross profit over the past decade. From 2014 to 2023, Honeywell's gross profit consistently outpaced Dover's, with an average of approximately $12 billion annually, nearly four times Dover's average of $2.8 billion.

Yearly Performance Highlights

• 2014: Honeywell started strong with a gross profit of $11.3 billion, while Dover reported $2.97 billion.
• 2020: Both companies faced challenges, with Honeywell's profit dipping to $10.5 billion, reflecting broader economic impacts.
• 2023: Honeywell rebounded impressively, reaching $13.7 billion, marking a 30% increase from 2020, whereas Dover also saw growth, achieving $3.08 billion.

This analysis underscores Honeywell's robust financial health and strategic resilience, while Dover's steady growth highlights its consistent market presence.