SG&A Efficiency Analysis: Comparing Automatic Data Processing, Inc. and Roper Technologies, Inc.

SG&A Efficiency: A Tale of Two Giants

In the competitive landscape of corporate America, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Automatic Data Processing, Inc. (ADP) and Roper Technologies, Inc. have shown distinct trends over the past decade. From 2014 to 2023, ADP's SG&A expenses grew by approximately 36%, reflecting a strategic expansion. In contrast, Roper Technologies saw a 74% increase in SG&A expenses from 2014 to 2022, before a notable decline in 2023. This divergence highlights differing operational strategies. ADP's consistent growth suggests a stable expansion, while Roper's fluctuation may indicate strategic shifts or market challenges. Notably, data for 2024 is incomplete, emphasizing the need for ongoing analysis. As businesses navigate economic uncertainties, understanding these trends can offer valuable insights into corporate efficiency and strategic planning.