Breaking Down SG&A Expenses: Parker-Hannifin Corporation vs RB Global, Inc.

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

In the ever-evolving landscape of industrial giants, understanding the financial dynamics of companies like Parker-Hannifin Corporation and RB Global, Inc. is crucial. Over the past decade, Parker-Hannifin has consistently outpaced RB Global in Selling, General, and Administrative (SG&A) expenses, reflecting its expansive operational scale. Notably, in 2023, Parker-Hannifin's SG&A expenses surged to over double its 2022 figures, reaching a peak of approximately $3.35 billion. This represents a staggering 106% increase from the previous year, highlighting significant strategic investments or operational expansions.

Conversely, RB Global's SG&A expenses have shown a steady upward trend, culminating in a 54% increase from 2014 to 2023. However, data for 2024 remains incomplete, leaving room for speculation on future financial strategies. This comparative analysis underscores the diverse financial strategies employed by these industry leaders, offering valuable insights into their operational priorities.