Selling, General, and Administrative Costs: Watsco, Inc. vs CNH Industrial N.V.

A Comparative Analysis of SG&A Expenses: Watsco, Inc. vs CNH Industrial N.V.

In the ever-evolving landscape of industrial and commercial sectors, understanding the financial dynamics of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Watsco, Inc. and CNH Industrial N.V., from 2014 to 2023.

Over this period, CNH Industrial N.V. experienced a notable decline in SG&A expenses, dropping approximately 36% from 2014 to 2023. In contrast, Watsco, Inc. saw a significant increase of around 82% in the same timeframe. This divergence highlights differing strategic approaches, with Watsco potentially investing more in growth and expansion, while CNH Industrial may be optimizing its operational efficiency.

These trends offer valuable insights into the financial strategies of these companies, reflecting broader industry shifts and economic conditions.