Honeywell International Inc. and Graco Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Giants

In the world of industrial giants, understanding spending patterns can reveal much about a company's strategic priorities. Honeywell International Inc. and Graco Inc. offer a fascinating study in contrasts. Over the past decade, Honeywell's SG&A expenses have fluctuated, peaking in 2018 with a 10% increase from 2014, before dipping by 23% in 2020. Meanwhile, Graco Inc. has shown a steady upward trend, with a 53% rise in SG&A expenses from 2014 to 2024. This consistent growth suggests a strategic investment in sales and administrative capabilities, potentially positioning Graco for long-term market expansion. Notably, Honeywell's data for 2024 is missing, leaving room for speculation on its future trajectory. As these companies navigate the complexities of the global market, their spending patterns offer a window into their evolving strategies and priorities.