Who Generates Higher Gross Profit? Fastenal Company or Avery Dennison Corporation

A Tale of Two Giants: Fastenal vs. Avery Dennison

In the competitive landscape of industrial and manufacturing sectors, Fastenal Company and Avery Dennison Corporation have been pivotal players. Over the past decade, Fastenal has consistently outperformed Avery Dennison in terms of gross profit. From 2014 to 2023, Fastenal's gross profit surged by approximately 77%, peaking at an impressive $3.35 billion in 2023. In contrast, Avery Dennison's growth was more modest, with a 38% increase, reaching $2.28 billion in the same year.

Fastenal's robust growth trajectory can be attributed to its strategic expansion and efficient supply chain management, which have enabled it to capture a larger market share. Meanwhile, Avery Dennison has faced challenges, including fluctuating raw material costs and market volatility. Notably, the data for 2024 is incomplete, highlighting the dynamic nature of the industry and the need for continuous adaptation.

As these two giants continue to innovate, the coming years will be crucial in determining who will lead the charge in profitability.