SG&A Efficiency Analysis: Comparing Equifax Inc. and CNH Industrial N.V.

SG&A Efficiency: A Tale of Two Companies

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a critical measure of operational efficiency. This analysis compares the SG&A expenses of Equifax Inc. and CNH Industrial N.V. over a decade, from 2014 to 2023.

Equifax Inc.: A Steady Climb

Equifax Inc. has shown a consistent increase in SG&A expenses, peaking in 2019 with a 165% rise from 2014. Despite a slight dip in 2020, the company maintained a steady upward trend, reflecting its strategic investments in growth and innovation.

CNH Industrial N.V.: A Rollercoaster Ride

Conversely, CNH Industrial N.V. experienced a more volatile journey. Starting with the highest SG&A expenses in 2014, the company saw a significant 40% drop by 2022. This fluctuation indicates a strategic shift towards cost optimization and efficiency.

Conclusion

This comparative analysis highlights the diverse strategies of these two industry giants in managing their operational costs.