Parker-Hannifin Corporation and 3M Company: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Giants

In the world of industrial giants, Parker-Hannifin Corporation and 3M Company have long been stalwarts of innovation and efficiency. Over the past decade, their spending on Selling, General, and Administrative (SG&A) expenses has revealed intriguing patterns. From 2014 to 2023, 3M's SG&A expenses have fluctuated, peaking dramatically in 2023 with a 138% increase compared to 2014. In contrast, Parker-Hannifin's SG&A expenses have shown a more stable trajectory, with a notable 105% increase in 2023 compared to 2014. This divergence highlights 3M's aggressive expansion strategies, while Parker-Hannifin maintains a steady course. As we look to 2024, 3M's expenses drop significantly, suggesting a strategic recalibration. These trends offer a window into the operational philosophies of these two industrial titans, providing valuable insights for investors and industry analysts alike.