SG&A Spending Patterns: A Tale of Two Companies

In the world of corporate finance, understanding a company's spending patterns can reveal much about its strategic priorities. This analysis compares the Selling, General, and Administrative (SG&A) expenses of Ingersoll Rand Inc. and Rentokil Initial plc from 2014 to 2023. Over this period, Rentokil Initial plc consistently outspent Ingersoll Rand Inc., with a notable peak in 2023 where Rentokil's SG&A expenses were more than double those of Ingersoll Rand.

Key Insights

• 2014-2018: Rentokil's SG&A expenses were approximately twice as high as Ingersoll's, indicating a more aggressive spending strategy.
• 2019-2021: Ingersoll Rand's expenses surged by over 100%, reflecting potential strategic shifts or expansions.
• 2023: Rentokil's expenses skyrocketed to nearly 2.9 billion, a 200% increase from 2022, suggesting significant investments or restructuring.

These trends highlight the dynamic nature of corporate strategies and their financial implications.