Selling, General, and Administrative Costs: Automatic Data Processing, Inc. vs Quanta Services, Inc.

A Comparative Analysis of SG&A Expenses: ADP vs. Quanta Services

In the ever-evolving landscape of corporate finance, understanding the nuances of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Automatic Data Processing, Inc. (ADP) and Quanta Services, Inc. have showcased distinct trajectories in their SG&A expenditures. From 2014 to 2023, ADP's SG&A costs have surged by approximately 36%, reflecting its strategic investments in operational efficiency and market expansion. In contrast, Quanta Services has experienced a remarkable 168% increase, indicating aggressive growth and scaling efforts.

While ADP's expenses peaked at $3.55 billion in 2023, Quanta Services reached $1.56 billion, highlighting a significant disparity in their financial strategies. Notably, the data for 2024 remains incomplete, offering a tantalizing glimpse into future trends. This analysis underscores the dynamic nature of corporate financial management and the diverse approaches companies adopt to navigate their respective industries.