Selling, General, and Administrative Costs: Cummins Inc. vs HEICO Corporation

A Comparative Analysis of SG&A Expenses: Cummins Inc. vs HEICO Corporation

In the ever-evolving landscape of corporate finance, understanding the nuances of Selling, General, and Administrative (SG&A) expenses is crucial. Cummins Inc. and HEICO Corporation, two giants in their respective industries, offer a fascinating study in contrasts. From 2014 to 2023, Cummins Inc. has seen a steady increase in SG&A expenses, peaking at approximately $3.2 billion in 2023, marking a 53% rise from 2014. In contrast, HEICO Corporation's SG&A expenses have grown more modestly, with a notable increase of 165% over the same period, reaching around $516 million in 2023. This divergence highlights the differing strategic priorities and operational scales of these companies. While Cummins Inc. focuses on expansive growth, HEICO Corporation's leaner approach underscores its efficiency. Notably, data for Cummins Inc. in 2024 is missing, suggesting a need for further analysis.