Honeywell International Inc. vs Parker-Hannifin Corporation: In-Depth EBITDA Performance Comparison

A Decade of EBITDA Performance: Honeywell vs. Parker-Hannifin

In the competitive landscape of industrial giants, Honeywell International Inc. and Parker-Hannifin Corporation have showcased intriguing EBITDA trends over the past decade. From 2014 to 2023, Honeywell consistently outperformed Parker-Hannifin, with EBITDA figures peaking in 2018 at approximately 9 billion USD. This represents a growth of around 33% from its 2014 levels. However, the pandemic year of 2020 saw a dip, with Honeywell's EBITDA dropping by about 18% from its 2018 peak.

Conversely, Parker-Hannifin demonstrated a steady climb, with a remarkable 122% increase in EBITDA from 2014 to 2023, reaching over 4 billion USD. Notably, 2023 marked a significant leap for Parker-Hannifin, closing the gap with Honeywell. The data for 2024 is incomplete, but Parker-Hannifin's trajectory suggests a promising future. This analysis underscores the dynamic shifts in the industrial sector, highlighting resilience and growth amidst challenges.