3M Company or Ferguson plc: Who Manages SG&A Costs Better?

SG&A Cost Management: A Tale of Two Companies

In the competitive landscape of global corporations, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. This analysis compares 3M Company and Ferguson plc over a decade, from 2014 to 2024.

3M Company, a stalwart in the industrial sector, has seen its SG&A expenses fluctuate, peaking in 2023 with a staggering 165% increase from 2014. In contrast, Ferguson plc, a leader in the plumbing and heating sector, has maintained a more consistent trajectory, with a 20% rise over the same period.

While 3M's expenses surged dramatically in 2023, Ferguson's steady growth suggests a more controlled approach to cost management. This comparison highlights the importance of strategic financial planning in navigating economic challenges and sustaining growth.

As businesses strive for efficiency, understanding these trends offers valuable insights into effective SG&A management strategies.