Breaking Down SG&A Expenses: Emerson Electric Co. vs United Airlines Holdings, Inc.

A Tale of Two Giants: Emerson Electric Co. vs United Airlines Holdings, Inc.

In the ever-evolving landscape of corporate finance, understanding the nuances of Selling, General, and Administrative (SG&A) expenses is crucial. Emerson Electric Co., a stalwart in the industrial sector, and United Airlines Holdings, Inc., a leader in aviation, offer a fascinating comparison. From 2014 to 2023, Emerson consistently outpaced United Airlines in SG&A expenses, with Emerson's expenses peaking in 2014 at nearly 60% higher than United's. However, the pandemic year of 2020 saw United's expenses plummet by over 65%, reflecting the aviation industry's struggles. By 2023, United's SG&A expenses rebounded, nearly doubling from 2020, while Emerson's remained stable. This data underscores the resilience and adaptability of these companies in their respective industries, highlighting the strategic financial management required to navigate economic challenges.