SG&A Efficiency Analysis: Comparing Parker-Hannifin Corporation and Elbit Systems Ltd.

SG&A Efficiency: A Tale of Two Giants

In the competitive landscape of industrial and defense sectors, understanding SG&A (Selling, General, and Administrative) efficiency is crucial. Parker-Hannifin Corporation, a leader in motion and control technologies, and Elbit Systems Ltd., a prominent defense electronics company, offer a fascinating comparison. From 2014 to 2023, Parker-Hannifin consistently outpaced Elbit Systems in SG&A expenses, with figures peaking at over $3.35 billion in 2023, a staggering 100% increase from 2022. In contrast, Elbit Systems saw a steady rise, reaching approximately $696 million in 2023, marking a 9% increase from the previous year. This data highlights Parker-Hannifin's expansive operational scale, while Elbit Systems demonstrates a more conservative growth trajectory. Notably, 2024 data for Elbit Systems is missing, leaving room for speculation on future trends. This analysis underscores the strategic financial management differences between these industry titans.