Breaking Down SG&A Expenses: AMETEK, Inc. vs Hubbell Incorporated

A Comparative Analysis of SG&A Expenses: AMETEK, Inc. vs Hubbell Incorporated

In the competitive landscape of industrial manufacturing, understanding the financial dynamics of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of AMETEK, Inc. and Hubbell Incorporated from 2014 to 2023. Over this period, Hubbell consistently outpaced AMETEK in SG&A spending, with a notable 43% increase from 2014 to 2023, peaking at approximately $848 million. In contrast, AMETEK's SG&A expenses grew by 46%, reaching around $677 million in 2023. This trend highlights Hubbell's aggressive investment in administrative and sales functions, potentially driving its market expansion. Meanwhile, AMETEK's steady growth reflects a more conservative approach. These insights offer a window into the strategic priorities of these industrial giants, providing valuable context for investors and industry analysts alike.