Who Generates Higher Gross Profit? Howmet Aerospace Inc. or Hubbell Incorporated

A Tale of Two Giants: Howmet Aerospace Inc. vs. Hubbell Incorporated

In the competitive landscape of industrial giants, Howmet Aerospace Inc. and Hubbell Incorporated have been vying for supremacy in gross profit generation over the past decade. From 2014 to 2023, Howmet Aerospace consistently outperformed Hubbell, with an average gross profit approximately 67% higher. However, the tides turned in 2023 when Hubbell Incorporated surpassed Howmet, marking a significant shift in the financial dynamics between these two powerhouses.

A Decade of Financial Evolution

Howmet Aerospace's gross profit peaked in 2019, reaching nearly double that of Hubbell's. Yet, the subsequent years saw a decline, with 2020 marking a sharp drop to nearly half of its previous high. Meanwhile, Hubbell's steady growth culminated in 2023, when it achieved a gross profit of $1.89 billion, slightly edging out Howmet's $1.87 billion. This shift highlights the evolving strategies and market conditions influencing these industry leaders.