Hubbell Incorporated and Watsco, Inc.: A Detailed Gross Profit Analysis

Hubbell vs. Watsco: A Decade of Profit Growth

__timestampHubbell IncorporatedWatsco, Inc.
Wednesday, January 1, 20141109000000956402000
Thursday, January 1, 201510918000001007357000
Friday, January 1, 201611007000001034584000
Sunday, January 1, 201711519000001065659000
Monday, January 1, 201813004000001120252000
Tuesday, January 1, 201913527000001156956000
Wednesday, January 1, 202012093000001222821000
Friday, January 1, 202111515000001667545000
Saturday, January 1, 202214716000002030289000
Sunday, January 1, 202318881000001992140000
Monday, January 1, 202419041000002044713000
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Cracking the code

A Decade of Gross Profit Growth: Hubbell vs. Watsco

In the competitive landscape of industrial and HVAC sectors, Hubbell Incorporated and Watsco, Inc. have demonstrated remarkable financial resilience over the past decade. From 2014 to 2023, both companies have shown a consistent upward trend in gross profit, with Watsco leading the charge in recent years.

Key Insights

  • Hubbell's Journey: Starting at a gross profit of approximately $1.1 billion in 2014, Hubbell saw a steady increase, peaking at nearly $1.9 billion in 2023. This represents a growth of around 70% over the decade.

  • Watsco's Surge: Watsco, Inc. began with a gross profit of about $956 million in 2014, reaching an impressive $2 billion by 2022, marking a growth of over 110%.

Both companies have navigated economic challenges, with Watsco's gross profit surpassing Hubbell's in recent years, highlighting its strategic market positioning.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025