SG&A Cost Management: Cintas vs. Stanley Black & Decker

In the competitive landscape of corporate America, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Cintas Corporation and Stanley Black & Decker, Inc. have been at the forefront of this financial balancing act since 2014. Over the past decade, Cintas has demonstrated a remarkable ability to control its SG&A costs, with an average annual increase of just 8%. In contrast, Stanley Black & Decker's SG&A expenses have grown by approximately 3% annually.

A Decade of Financial Strategy

From 2014 to 2023, Cintas saw a 100% increase in SG&A expenses, peaking at $2.37 billion in 2023. Meanwhile, Stanley Black & Decker's costs fluctuated, reaching a high of $3.37 billion in 2022 before dropping to $2.83 billion in 2023. This data suggests that Cintas has been more consistent in managing its expenses, potentially giving it a competitive edge in the market.