SG&A Expense Trends: Honeywell vs. Jacobs Engineering

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial for investors and analysts alike. Over the past decade, Honeywell International Inc. and Jacobs Engineering Group Inc. have showcased distinct trajectories in their SG&A expenditures.

From 2014 to 2023, Honeywell's SG&A expenses fluctuated, peaking in 2018 with a 10% increase from the previous year, before declining by approximately 23% by 2023. In contrast, Jacobs Engineering demonstrated a steady upward trend, with a notable 74% rise in SG&A expenses from 2014 to 2023. This divergence highlights Honeywell's strategic cost management and Jacobs' expansion efforts.

Interestingly, the data for 2024 is incomplete, leaving room for speculation on future trends. As these industry giants navigate economic challenges, their SG&A strategies will undoubtedly play a pivotal role in shaping their financial futures.