Selling, General, and Administrative Costs: AMETEK, Inc. vs Westinghouse Air Brake Technologies Corporation

A Tale of Two Giants: AMETEK, Inc. vs. Westinghouse Air Brake Technologies Corporation

In the world of industrial manufacturing, controlling costs is as crucial as innovation. Over the past decade, AMETEK, Inc. and Westinghouse Air Brake Technologies Corporation have demonstrated contrasting trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, AMETEK's SG&A expenses grew by approximately 46%, reflecting a steady increase in operational costs. In contrast, Westinghouse Air Brake Technologies Corporation saw a staggering 251% rise, indicating a more aggressive expansion or restructuring strategy.

Key Insights

• 2014-2018: Both companies maintained a relatively stable cost structure, with AMETEK's expenses increasing by 26% and Westinghouse's by 77%.
• 2019-2023: A significant surge occurred, with Westinghouse's expenses peaking at 1.139 billion in 2023, a 22% increase from 2022, while AMETEK's expenses rose by 5%.

These trends highlight the strategic differences in managing operational costs between these two industrial powerhouses.