SG&A Expense Trends: AMETEK, Inc. vs Clean Harbors, Inc.

In the competitive landscape of industrial manufacturing and environmental services, understanding financial trends is crucial. Over the past decade, AMETEK, Inc. and Clean Harbors, Inc. have shown distinct patterns in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, AMETEK's SG&A expenses grew by approximately 46%, reflecting strategic investments and expansion efforts. In contrast, Clean Harbors saw a 53% increase, indicating a robust growth trajectory in environmental services.

Key Insights

• 2014-2017: Both companies maintained steady SG&A expenses, with AMETEK slightly ahead.
• 2018-2020: AMETEK's expenses surged by 32%, while Clean Harbors increased by 11%.
• 2021-2023: Clean Harbors closed the gap, with expenses rising by 25%, nearly matching AMETEK's 12% increase.

These trends highlight the dynamic nature of operational costs in these industries, offering valuable insights for investors and analysts alike.