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

A Comparative Analysis of SG&A Expenses: Waste Management, Inc. vs HEICO Corporation

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, Waste Management, Inc. and HEICO Corporation have showcased distinct trajectories in their SG&A expenditures. From 2014 to 2023, Waste Management's SG&A expenses have consistently been higher, peaking at nearly $1.93 billion in 2022, reflecting its expansive operational scale. In contrast, HEICO Corporation, a leader in aerospace and electronics, has seen a remarkable 250% increase in SG&A expenses, from approximately $195 million in 2014 to $677 million in 2024. This surge underscores HEICO's aggressive growth strategy and market expansion. Notably, 2024 data for Waste Management is missing, hinting at potential shifts or reporting delays. This comparative analysis offers a window into the strategic priorities and financial health of these industry giants.