A Decade of SG&A: Boeing vs. Johnson Controls

In the ever-evolving landscape of corporate finance, understanding operational costs is crucial. Over the past decade, from 2014 to 2024, Johnson Controls International plc and The Boeing Company have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. Johnson Controls consistently outpaced Boeing, with an average SG&A expense of approximately 5.4 billion USD annually, compared to Boeing's 4.3 billion USD.

Key Insights

• 2017 Surge: Johnson Controls experienced a notable spike in 2017, with SG&A expenses rising by nearly 47% from the previous year, reaching their peak in 2019.
• Boeing's Stability: Despite fluctuations, Boeing maintained a relatively stable SG&A trend, with a significant increase in 2023, marking a 24% rise from 2021.

These insights highlight the strategic financial maneuvers of these industry giants, reflecting their adaptive strategies in a dynamic market.