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

Who Leads in Gross Profit: Graco Inc. or Clean Harbors, Inc.?

In the competitive landscape of industrial and environmental services, understanding which company generates higher gross profit can offer valuable insights. From 2014 to 2023, Clean Harbors, Inc. consistently outperformed Graco Inc. in terms of gross profit. Clean Harbors saw a remarkable increase of approximately 80% over this period, peaking in 2023 with a gross profit of $1.66 billion. In contrast, Graco Inc. experienced a steady growth of around 74%, reaching its highest gross profit of $1.16 billion in 2023.

While both companies have shown impressive growth, Clean Harbors' ability to maintain a higher gross profit margin highlights its strong market position. However, the data for 2024 is incomplete, leaving room for speculation on future trends. As these industry giants continue to evolve, stakeholders should keep a close eye on their financial trajectories.