A Decade of Gross Profit Growth: Verisk Analytics vs. Hubbell

In the competitive landscape of American industry, Verisk Analytics, Inc. and Hubbell Incorporated have showcased remarkable gross profit trajectories over the past decade. From 2014 to 2023, Verisk Analytics has consistently outperformed Hubbell, with an average gross profit of approximately $1.53 billion, compared to Hubbell's $1.28 billion.

Year-on-Year Performance

Verisk's gross profit surged by nearly 75% from 2014 to 2023, peaking at $1.94 billion in 2021. Meanwhile, Hubbell's growth was more modest, with a 70% increase, reaching its highest gross profit of $1.89 billion in 2023.

Key Insights

Despite Verisk's lead, Hubbell's recent performance indicates a closing gap, with 2023 figures showing only a 4% difference. This trend suggests a potential shift in market dynamics, making it a compelling watch for investors and industry analysts alike.