Key Insights on Gross Profit: Nordson Corporation vs Allegion plc

A Decade of Gross Profit Growth: Nordson Corporation vs Allegion plc

In the competitive landscape of industrial manufacturing, Nordson Corporation and Allegion plc have showcased remarkable growth in gross profit over the past decade. From 2014 to 2023, Allegion plc's gross profit surged by approximately 85%, peaking at 1.58 billion in 2023. Meanwhile, Nordson Corporation demonstrated a steady climb, with a notable 51% increase, reaching 1.43 billion in 2023.

Nordson's consistent performance, even with a slight dip in 2019, highlights its resilience and strategic market positioning. Allegion, on the other hand, experienced a more volatile trajectory, yet managed to outpace Nordson in recent years. The data for 2024 remains incomplete, leaving room for speculation on future trends. As these industry giants continue to innovate, their financial trajectories offer valuable insights into the evolving dynamics of the manufacturing sector.