Breaking Down SG&A Expenses: Parker-Hannifin Corporation vs HEICO Corporation

A Comparative Analysis of SG&A Expenses: Parker-Hannifin vs. HEICO

In the competitive landscape of industrial manufacturing, understanding the financial dynamics of key players is crucial. Parker-Hannifin Corporation and HEICO Corporation, both giants in their respective fields, have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2024, Parker-Hannifin's SG&A expenses have consistently been higher, peaking in 2023 with a staggering 3.35 billion USD, nearly doubling from 2014. In contrast, HEICO's expenses, while significantly lower, have shown a remarkable growth trajectory, increasing by over 250% from 2014 to 2024. This divergence highlights Parker-Hannifin's expansive operational scale and HEICO's rapid growth strategy. As we move forward, these trends offer valuable insights into the strategic priorities and operational efficiencies of these industry leaders.