Key Insights on Gross Profit: Avery Dennison Corporation vs Allegion plc

Gross Profit Trends: Avery Dennison vs. Allegion

In the competitive landscape of industrial manufacturing, understanding financial performance is crucial. This analysis highlights the gross profit trends of Avery Dennison Corporation and Allegion plc from 2014 to 2023. Avery Dennison consistently outperformed Allegion, with an average gross profit nearly 70% higher. Notably, Avery Dennison's gross profit peaked in 2022, reaching approximately 2.4 billion, a 45% increase from 2014. Allegion, while trailing, showed a significant upward trajectory, culminating in a 2023 gross profit of 1.58 billion, an 85% rise since 2014. These trends underscore Avery Dennison's robust market position and Allegion's impressive growth. Investors and industry analysts should consider these insights when evaluating potential opportunities in the industrial sector. The data reflects a decade of strategic growth and market adaptation, offering a window into the financial health and future potential of these industry leaders.