Breaking Down SG&A Expenses: Cintas Corporation vs Equifax Inc.

A Comparative Analysis of SG&A Expenses: Cintas Corporation vs. Equifax Inc.

In the ever-evolving landscape of corporate finance, understanding the nuances of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Cintas Corporation and Equifax Inc. have demonstrated distinct trajectories in their SG&A expenditures. From 2014 to 2023, Cintas Corporation's SG&A expenses surged by approximately 100%, reflecting its strategic investments and expansion efforts. In contrast, Equifax Inc. experienced a more modest increase of around 84% during the same period, highlighting a more conservative approach.

The year 2019 marked a pivotal point where Equifax's SG&A expenses peaked, aligning with its data breach recovery efforts. Meanwhile, Cintas continued its upward trend, reaching its highest in 2023. Notably, data for Equifax in 2024 is missing, suggesting potential reporting delays or strategic shifts. This analysis underscores the importance of SG&A management in shaping corporate growth and resilience.