Selling, General, and Administrative Costs: Cummins Inc. vs ITT Inc.

A Decade of SG&A Trends: Cummins Inc. vs ITT Inc.

In the ever-evolving landscape of industrial giants, understanding the financial health of companies like Cummins Inc. and ITT Inc. is crucial. Over the past decade, from 2014 to 2023, these two companies have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses. Cummins Inc. has seen a steady increase, with a notable 53% rise from 2014 to 2023, peaking at $3.2 billion in 2023. In contrast, ITT Inc.'s SG&A expenses have fluctuated, with a slight decrease of around 8% over the same period, ending at approximately $477 million in 2023.

This divergence highlights Cummins Inc.'s aggressive expansion and investment strategies, while ITT Inc. appears to focus on cost efficiency. These insights provide a window into the strategic priorities of these industrial leaders, offering valuable lessons for investors and industry analysts alike.