Deere & Company or Quanta Services, Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Deere & Company or Quanta Services, Inc.?

In the competitive landscape of industrial giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Deere & Company and Quanta Services, Inc. have showcased contrasting strategies in handling these costs. From 2014 to 2023, Deere & Company consistently reported higher SG&A expenses, peaking at approximately $4.5 billion in 2024. In contrast, Quanta Services, Inc. demonstrated a more conservative approach, with expenses rising from around $580 million in 2014 to $1.56 billion in 2023. This represents a 168% increase for Quanta, compared to a 37% increase for Deere over the same period. The data suggests that while Deere's expenses are higher, Quanta's rapid growth in SG&A costs could indicate aggressive expansion strategies. However, the absence of data for Quanta in 2024 leaves room for speculation on their future trajectory.