Lockheed Martin Corporation vs Parker-Hannifin Corporation: Annual Revenue Growth Compared

A Decade of Revenue Growth: Lockheed Martin vs. Parker-Hannifin

In the ever-evolving landscape of aerospace and industrial manufacturing, Lockheed Martin Corporation and Parker-Hannifin Corporation have demonstrated remarkable revenue growth over the past decade. From 2014 to 2024, Lockheed Martin's revenue surged by approximately 56%, reflecting its robust position in the defense sector. Meanwhile, Parker-Hannifin, a leader in motion and control technologies, saw its revenue grow by about 51% during the same period.

Key Insights

• Lockheed Martin: The company's revenue increased steadily, peaking in 2024 with a 56% rise from 2014 levels. This growth underscores its strategic expansions and defense contracts.
• Parker-Hannifin: Despite a dip in 2016, Parker-Hannifin rebounded strongly, achieving a 51% revenue increase by 2024, driven by innovation in industrial solutions.

This comparison highlights the resilience and adaptability of these industry giants, offering valuable insights into their strategic growth trajectories.