Operational Costs Compared: SG&A Analysis of Waste Connections, Inc. and Graco Inc.

A Comparative Analysis of SG&A Expenses: Waste Connections, Inc. vs. Graco Inc.

In the ever-evolving landscape of corporate finance, understanding operational costs is crucial for stakeholders. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Waste Connections, Inc. and Graco Inc., from 2014 to 2023.

Over the past decade, Waste Connections, Inc. has seen a significant rise in SG&A expenses, peaking at approximately $799 million in 2023, marking a 248% increase from 2014. In contrast, Graco Inc. experienced a steadier growth, with expenses reaching around $465 million in 2024, a 53% increase from 2014.

This disparity highlights differing strategic approaches, with Waste Connections, Inc. potentially investing more aggressively in administrative and sales functions. Notably, data for 2024 is incomplete for Waste Connections, Inc., suggesting a need for cautious interpretation. Such insights are invaluable for investors and analysts seeking to understand cost management strategies in these corporations.