Eaton Corporation plc and CNH Industrial N.V.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Giants

In the competitive landscape of industrial giants, Eaton Corporation plc and CNH Industrial N.V. have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Eaton consistently outspent CNH, with an average SG&A expense of approximately 3.5 billion USD, compared to CNH's 2.3 billion USD. Notably, Eaton's SG&A expenses peaked in 2014, reaching nearly 3.8 billion USD, while CNH's highest expenditure was around 2.9 billion USD in the same year.

A Decade of Change

By 2023, Eaton's SG&A expenses rebounded to 3.8 billion USD, marking a 23% increase from its 2020 low. In contrast, CNH's expenses saw a significant decline, dropping to 1.9 billion USD in 2023, a 36% decrease from its 2014 peak. These trends reflect strategic shifts and market dynamics influencing each company's operational focus.