SG&A Expenses: A Tale of Two Companies

A Decade of Financial Insights

Over the past decade, AMETEK, Inc. and ITT Inc. have showcased intriguing trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, AMETEK's SG&A expenses have surged by approximately 46%, reflecting a robust growth trajectory. In contrast, ITT Inc. experienced a decline of about 8% over the same period, indicating a more conservative financial strategy.

Year-by-Year Analysis

In 2014, ITT Inc. led with higher SG&A expenses, but by 2023, AMETEK had overtaken, marking a significant shift in financial dynamics. Notably, AMETEK's expenses peaked in 2023, while ITT Inc. saw its lowest in 2020, highlighting differing responses to market conditions.

Strategic Implications

These trends suggest AMETEK's aggressive expansion and ITT's focus on efficiency. Investors and analysts should consider these patterns when evaluating future growth and profitability.