AMETEK, Inc. or Graco Inc.: Who Manages SG&A Costs Better?

A Tale of Two Companies: AMETEK, Inc. vs. Graco Inc.

In the competitive landscape of industrial manufacturing, managing operational costs is crucial. AMETEK, Inc. and Graco Inc., two giants in the industry, have shown distinct strategies in handling their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, AMETEK's SG&A expenses have grown by approximately 46%, peaking in 2023. In contrast, Graco Inc. has maintained a more conservative growth of around 42% in the same period.

While AMETEK's expenses surged, Graco Inc. demonstrated a steadier approach, with a notable increase in 2024, despite missing data for AMETEK. This trend suggests Graco's strategic focus on cost efficiency. As businesses navigate economic uncertainties, these insights into SG&A management offer valuable lessons in balancing growth and cost control.