Comparing SG&A Expenses: AMETEK, Inc. vs Allegion plc Trends and Insights

SG&A Expenses: A Tale of Two Companies

In the competitive landscape of industrial manufacturing, AMETEK, Inc. and Allegion plc have showcased intriguing trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Allegion plc consistently outpaced AMETEK, Inc. in SG&A spending, with a notable 64% increase from 2014 to 2023. In contrast, AMETEK, Inc. saw a 46% rise in the same period.

Key Insights

• 2014-2018: Both companies maintained steady growth, with Allegion's expenses growing by approximately 23%, while AMETEK's increased by 26%.
• 2019-2023: Allegion's expenses surged by 26%, reaching their peak in 2023, while AMETEK's expenses grew by 11%.
  This divergence highlights Allegion's aggressive expansion strategy, while AMETEK's more conservative approach reflects a focus on efficiency. Understanding these trends offers valuable insights into each company's strategic priorities.