Key Insights on Gross Profit: RTX Corporation vs Avery Dennison Corporation

Gross Profit Trends: RTX vs. Avery Dennison (2014-2023)

__timestampAvery Dennison CorporationRTX Corporation
Wednesday, January 1, 2014165120000017653000000
Thursday, January 1, 2015164580000015667000000
Friday, January 1, 2016169970000015784000000
Sunday, January 1, 2017181220000015884000000
Monday, January 1, 2018191550000016516000000
Tuesday, January 1, 2019190410000019981000000
Wednesday, January 1, 202019233000008531000000
Friday, January 1, 2021231280000012491000000
Saturday, January 1, 2022240420000013668000000
Sunday, January 1, 2023227749999912089000000
Monday, January 1, 2024253070000015410000000
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Infusing magic into the data realm

A Tale of Two Giants: Gross Profit Trends from 2014 to 2023

In the competitive landscape of the U.S. stock market, RTX Corporation and Avery Dennison Corporation have showcased intriguing trends in their gross profits over the past decade. From 2014 to 2023, RTX Corporation consistently outperformed Avery Dennison, with gross profits peaking in 2019 at approximately $20 billion. However, the pandemic year of 2020 saw a dramatic dip to around $8.5 billion, highlighting the volatility in the aerospace and defense sectors.

Conversely, Avery Dennison, a leader in labeling and packaging materials, demonstrated steady growth, with gross profits increasing by nearly 45% from 2014 to 2022. Despite a slight decline in 2023, Avery Dennison's resilience is evident. The data for 2024 remains incomplete, leaving room for speculation on future trends. This analysis underscores the dynamic nature of these industries and the importance of strategic adaptability.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025