Selling, General, and Administrative Costs: Parker-Hannifin Corporation vs AMETEK, Inc.

A Tale of Two Giants: SG&A Expenses in the Industrial Sector

In the competitive landscape of industrial manufacturing, Parker-Hannifin Corporation and AMETEK, Inc. have long been titans. Over the past decade, their Selling, General, and Administrative (SG&A) expenses have revealed intriguing trends. From 2014 to 2023, Parker-Hannifin's SG&A costs surged by over 100%, peaking in 2023 with a notable increase to $3.35 billion. In contrast, AMETEK's expenses grew more modestly, with a 46% rise, reaching $677 million in 2023. This divergence highlights Parker-Hannifin's aggressive expansion and operational strategies, while AMETEK maintains a more conservative approach. The data for 2024 is incomplete, leaving room for speculation on future trajectories. As these industry leaders navigate economic challenges, their SG&A strategies will be pivotal in shaping their competitive edge.