Revenue Showdown: Honeywell vs. PACCAR

In the competitive landscape of industrial giants, Honeywell International Inc. and PACCAR Inc. have been pivotal players. Over the past decade, Honeywell's revenue has seen fluctuations, peaking in 2018 with a 4% increase from 2017, before experiencing a dip in 2020. Meanwhile, PACCAR has shown a steady upward trajectory, culminating in a remarkable 23% growth from 2020 to 2023.

A Decade of Change

From 2014 to 2023, Honeywell's revenue decreased by approximately 9%, while PACCAR's revenue surged by 85%. This shift highlights PACCAR's resilience and adaptability in a rapidly changing market. Notably, 2023 marked a significant milestone for PACCAR, surpassing Honeywell in revenue for the first time in this period.

As we look to the future, the absence of Honeywell's 2024 data leaves room for speculation. Will Honeywell reclaim its lead, or will PACCAR continue its ascent?