Cost Management Insights: SG&A Expenses for Caterpillar Inc. and The Boeing Company

Navigating Cost Management: A Tale of Two Giants

In the ever-evolving landscape of industrial giants, Caterpillar Inc. and The Boeing Company have long been at the forefront of innovation and efficiency. Over the past decade, their Selling, General, and Administrative (SG&A) expenses have revealed intriguing insights into their cost management strategies. From 2014 to 2023, Caterpillar's SG&A expenses fluctuated, peaking in 2023 with a 12% increase from the previous year. Meanwhile, Boeing's expenses showed a steady rise, culminating in a 24% increase over the same period. Notably, 2020 marked a pivotal year for Boeing, with a significant 23% jump in expenses, reflecting the challenges faced during the global pandemic. As we look to the future, the absence of data for Caterpillar in 2024 leaves room for speculation on their strategic adjustments. This analysis underscores the dynamic nature of cost management in the industrial sector.