Who Generates Higher Gross Profit? Fastenal Company or Clean Harbors, Inc.

Fastenal vs. Clean Harbors: A Decade of Gross Profit Trends

In the competitive landscape of industrial and environmental services, Fastenal Company and Clean Harbors, Inc. have been key players. Over the past decade, Fastenal has consistently outperformed Clean Harbors in terms of gross profit. From 2014 to 2023, Fastenal's gross profit grew by approximately 77%, peaking at over $3.35 billion in 2023. In contrast, Clean Harbors saw a 73% increase, reaching around $1.66 billion in the same year.

Fastenal's robust growth can be attributed to its strategic expansion and efficient supply chain management, which have allowed it to capitalize on market opportunities. Meanwhile, Clean Harbors has shown resilience, especially in recent years, with significant growth in 2022 and 2023. However, the data for 2024 is incomplete, leaving room for speculation on future trends. As these companies continue to evolve, their financial trajectories will be closely watched by investors and industry analysts alike.