Breaking Down SG&A Expenses: Rockwell Automation, Inc. vs Allegion plc

A Comparative Analysis of SG&A Expenses: Rockwell Automation, Inc. vs Allegion plc

In the ever-evolving landscape of industrial automation and security solutions, understanding the financial health of key players is crucial. Rockwell Automation, Inc. and Allegion plc, two 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 2023, Rockwell Automation's SG&A expenses have consistently been higher, peaking at approximately $2 billion in 2023, marking a 29% increase from 2014. In contrast, Allegion plc's expenses have grown by 64% over the same period, reaching around $866 million in 2023. This divergence highlights Rockwell's expansive operational scale compared to Allegion's more focused growth strategy. Notably, the data for 2024 is incomplete, suggesting a need for cautious interpretation of future trends. These insights provide a window into the strategic priorities and operational efficiencies of these industry leaders.