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

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

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: Waste Connections, Inc. and HEICO Corporation, from 2014 to 2023. Over this decade, Waste Connections, Inc. consistently outpaced HEICO Corporation in SG&A expenses, peaking at approximately $799 million in 2023, a 248% increase from 2014. Meanwhile, HEICO Corporation's SG&A expenses grew by 248% over the same period, reaching around $517 million in 2023. Notably, 2024 data for Waste Connections, Inc. is missing, leaving room for speculation on future trends. This financial journey highlights the strategic investments and operational scaling of these companies, offering insights into their growth trajectories and market positioning.