Breaking Down SG&A Expenses: Waste Management, Inc. vs Cummins Inc.

A Comparative Analysis of SG&A Expenses: Waste Management, Inc. vs. Cummins 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, Cummins Inc. and Waste Management, Inc. have showcased distinct trajectories in their SG&A expenditures. From 2014 to 2023, Cummins Inc. experienced a notable 53% increase in SG&A expenses, peaking in 2023. In contrast, Waste Management, Inc. saw a more modest 29% rise over the same period, with a slight dip in 2023.

This divergence highlights differing strategic priorities and operational efficiencies. Cummins' substantial growth in SG&A could indicate aggressive expansion or increased investment in administrative capabilities. Meanwhile, Waste Management's steadier rise suggests a focus on cost control and efficiency. As businesses navigate the complexities of the modern economy, these insights into SG&A trends offer valuable lessons in balancing growth with fiscal responsibility.