Comparing SG&A Expenses: Parker-Hannifin Corporation vs Delta Air Lines, Inc. Trends and Insights

SG&A Expenses: A Tale of Two Industries

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a critical indicator of operational efficiency. This analysis juxtaposes the SG&A trends of Parker-Hannifin Corporation, a leader in motion and control technologies, against Delta Air Lines, Inc., a titan in the aviation industry, from 2014 to 2024.

Key Insights

Parker-Hannifin's SG&A expenses have shown a steady increase, peaking in 2023 with a 105% rise compared to 2014. This growth reflects strategic investments in innovation and expansion. Conversely, Delta Air Lines experienced a volatile trajectory, with a significant dip in 2020, likely due to the pandemic's impact on the travel sector. However, by 2024, Delta's expenses rebounded to nearly 90% of their 2019 levels, indicating a recovery phase.

This comparative analysis underscores the distinct financial strategies and challenges faced by these industry giants.