Operational Costs Compared: SG&A Analysis of AMETEK, Inc. and L3Harris Technologies, Inc.

A Comparative Analysis of SG&A Expenses: AMETEK, Inc. vs. L3Harris Technologies, Inc.

In the ever-evolving landscape of corporate finance, understanding operational costs is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: AMETEK, Inc. and L3Harris Technologies, Inc., from 2014 to 2023. Over this period, L3Harris consistently outspent AMETEK, with SG&A expenses peaking in 2020 at over 3.3 billion dollars, a staggering 540% increase compared to AMETEK's highest expenditure in 2023. Interestingly, AMETEK's SG&A expenses grew steadily, reaching their zenith in 2023, marking a 46% increase from 2014. This trend highlights AMETEK's strategic cost management, contrasting with L3Harris's fluctuating expenses, which saw a significant drop of 42% from 2020 to 2023. Such insights are invaluable for investors and analysts seeking to understand the financial strategies of these corporations.