A Tale of Two Giants: SG&A Expenses in Focus

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a crucial indicator of a company's operational efficiency. This analysis juxtaposes Parker-Hannifin Corporation and United Airlines Holdings, Inc., two industry titans, over a decade from 2014 to 2023.

Parker-Hannifin Corporation: A Steady Climb

Parker-Hannifin, a leader in motion and control technologies, has seen its SG&A expenses grow by approximately 105% from 2014 to 2023. Notably, 2023 marked a significant surge, with expenses peaking at over double the previous year's figures, reflecting strategic investments or potential restructuring.

United Airlines Holdings, Inc.: Navigating Turbulence

United Airlines, a major player in the aviation sector, experienced a more volatile trajectory. The pandemic year of 2020 saw a dramatic drop in SG&A expenses, plummeting by nearly 72% compared to 2019. However, a robust recovery was evident by 2023, with expenses rebounding to pre-pandemic levels.

This comparative analysis underscores the diverse challenges and strategies employed by these corporations in managing their operational costs.