Who Generates Higher Gross Profit? FedEx Corporation or Snap-on Incorporated

FedEx vs. Snap-on: A Decade of Gross Profit Comparison

In the ever-evolving landscape of American business, FedEx Corporation and Snap-on Incorporated stand as titans in their respective industries. Over the past decade, from 2014 to 2023, FedEx has consistently outperformed Snap-on in terms of gross profit. In 2022, FedEx's gross profit peaked at approximately $20 billion, nearly ten times that of Snap-on's $2.2 billion. This trend highlights FedEx's dominance in the logistics sector, driven by global e-commerce growth.

Snap-on, a leader in tools and equipment, has shown steady growth, with a notable 24% increase in gross profit from 2014 to 2023. However, the data for 2024 is incomplete, leaving room for speculation on future trends. As we look to the future, the question remains: will Snap-on close the gap, or will FedEx continue to soar above its competition?