Key Insights on Gross Profit: Avery Dennison Corporation vs Clean Harbors, Inc.

A Decade of Gross Profit Trends: Avery Dennison vs. Clean Harbors

In the ever-evolving landscape of corporate finance, understanding gross profit trends is crucial for investors and analysts alike. Over the past decade, Avery Dennison Corporation and Clean Harbors, Inc. have showcased distinct trajectories in their financial performance. Avery Dennison has consistently outperformed Clean Harbors, with its gross profit growing by approximately 45% from 2014 to 2023. Notably, Avery Dennison's gross profit peaked in 2022, reaching nearly 2.4 billion, a testament to its robust business model and market adaptability.

Conversely, Clean Harbors, Inc. has demonstrated a steady upward trend, with a remarkable 73% increase in gross profit over the same period. This growth underscores Clean Harbors' strategic initiatives and operational efficiencies. The year 2023 marked a significant milestone for Clean Harbors, as it achieved its highest gross profit, closing the gap with Avery Dennison. These insights provide a compelling narrative of resilience and growth in the face of economic challenges.