Operational Costs Compared: SG&A Analysis of Automatic Data Processing, Inc. and Masco Corporation

A Comparative Analysis of SG&A Expenses: ADP vs. Masco

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: Automatic Data Processing, Inc. (ADP) and Masco Corporation, from 2014 to 2023. Over this decade, ADP's SG&A expenses have shown a steady upward trend, increasing by approximately 36% from 2014 to 2023. In contrast, Masco's expenses have remained relatively stable, with a slight fluctuation around the $1.4 billion mark. Notably, ADP's expenses in 2023 were more than double those of Masco, highlighting a significant divergence in their operational strategies. The data for 2024 is incomplete, indicating a need for further analysis. This comparison offers valuable insights into how these companies manage their operational costs, reflecting broader trends in their respective industries.