A Tale of Two Companies: SG&A Expenses Over Time

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a crucial indicator of a company's operational efficiency. This article delves into the SG&A expenses of two industry giants: 3M Company and Verisk Analytics, Inc., from 2014 to 2023.

3M Company: A Rollercoaster Ride

3M's SG&A expenses have seen significant fluctuations over the years. Starting at approximately $6.5 billion in 2014, they peaked dramatically in 2023, reaching over $21 billion, a staggering increase of over 220%. This surge could be attributed to strategic investments or restructuring efforts.

Verisk Analytics, Inc.: A Steady Climb

In contrast, Verisk Analytics, Inc. maintained a more stable trajectory. Their SG&A expenses grew from around $227 million in 2014 to $389 million in 2023, marking a modest increase of about 71%. This steady growth reflects a consistent operational strategy.

Missing Data: A Note

It's worth noting that data for Verisk Analytics, Inc. in 2024 is unavailable, which may impact future trend analysis.

This comparative analysis highlights the diverse financial strategies of these two companies, offering valuable insights for investors and analysts alike.