Automatic Data Processing, Inc. and Clean Harbors, Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, understanding the spending patterns of industry giants can offer valuable insights. Over the past decade, Automatic Data Processing, Inc. (ADP) and Clean Harbors, Inc. have showcased distinct trajectories in their Selling, General, and Administrative (SG&A) expenses.

ADP's SG&A expenses have seen a steady climb, increasing by approximately 36% from 2014 to 2023. This growth reflects ADP's strategic investments in operational efficiency and market expansion. In contrast, Clean Harbors, Inc. has experienced a more modest rise of around 53% over the same period, indicating a focus on maintaining lean operations while navigating industry challenges.

Interestingly, the data for 2024 is incomplete, highlighting the dynamic nature of financial forecasting. As these companies continue to adapt, their SG&A spending will remain a critical indicator of their strategic priorities and market positioning.