A Decade of Operational Costs: Parker-Hannifin vs. U-Haul

In the ever-evolving landscape of corporate America, operational efficiency is paramount. Over the past decade, Parker-Hannifin Corporation and U-Haul Holding Company have showcased contrasting trajectories in their Selling, General, and Administrative (SG&A) expenses. Parker-Hannifin, a leader in motion and control technologies, saw its SG&A expenses surge by over 100% from 2014 to 2023, peaking in 2023 with a notable increase. In contrast, U-Haul, a household name in moving and storage, experienced a more modest fluctuation, with a 77% decrease in SG&A expenses by 2023. This divergence highlights Parker-Hannifin's aggressive expansion and investment strategies, while U-Haul's cost-cutting measures reflect a focus on operational efficiency. As we look to 2024, these trends offer a glimpse into the strategic priorities of these industry giants.