SG&A Expense Trends: Cintas Corporation vs AMETEK, Inc.

In the competitive landscape of corporate America, understanding the financial health of companies is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Cintas Corporation and AMETEK, Inc., from 2014 to 2023.

A Decade of Financial Insights

Over the past decade, Cintas Corporation has consistently outpaced AMETEK, Inc. in SG&A expenses, reflecting its expansive operational scale. In 2023, Cintas reported a 19% increase in SG&A expenses compared to 2022, reaching a peak of approximately $2.37 billion. Meanwhile, AMETEK's expenses grew by 5% in the same period, totaling around $677 million.

Key Observations

Cintas's expenses have shown a steady upward trend, with a notable 100% increase since 2014. In contrast, AMETEK's growth has been more modest, with a 46% rise over the same period. This disparity highlights Cintas's aggressive growth strategy and market expansion.