Selling, General, and Administrative Costs: Cintas Corporation vs Old Dominion Freight Line, Inc.

A Comparative Analysis of SG&A Expenses: Cintas vs. Old Dominion

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a critical measure of a company's operational efficiency. Over the past decade, Cintas Corporation and Old Dominion Freight Line, Inc. have showcased contrasting trends in their SG&A expenses. From 2014 to 2023, Cintas Corporation's SG&A expenses surged by approximately 100%, reflecting a robust growth trajectory. In contrast, Old Dominion Freight Line, Inc. experienced a more modest increase of around 94% over the same period. Notably, Cintas consistently reported higher SG&A expenses, peaking at an impressive $2.37 billion in 2023, while Old Dominion reached $281 million. This disparity highlights the differing scales and operational strategies of these two industry giants. As we look to the future, the absence of data for Old Dominion in 2024 leaves room for speculation on its strategic direction.