Operational Costs Compared: SG&A Analysis of W.W. Grainger, Inc. and CNH Industrial N.V.

A Decade of SG&A: W.W. Grainger vs. CNH Industrial

In the ever-evolving landscape of operational costs, Selling, General, and Administrative (SG&A) expenses serve as a critical indicator of a company's efficiency and strategic focus. Over the past decade, W.W. Grainger, Inc. and CNH Industrial N.V. have showcased contrasting trajectories in their SG&A expenditures.

From 2014 to 2023, W.W. Grainger's SG&A expenses have surged by approximately 32%, peaking at nearly $3.9 billion in 2023. This upward trend reflects Grainger's aggressive expansion and investment in customer service and technology. In contrast, CNH Industrial has seen a 36% decline in SG&A costs, dropping to around $1.9 billion in 2023. This reduction highlights CNH's strategic cost-cutting measures and operational efficiencies.

These trends underscore the diverse strategies employed by these industry giants, offering valuable insights into their financial health and market positioning.