SG&A Efficiency: A Tale of Two Giants

In the competitive world of aerospace and industrial manufacturing, understanding operational efficiency is crucial. This analysis compares the Selling, General, and Administrative (SG&A) expenses of The Boeing Company and Ingersoll Rand Inc. from 2014 to 2023. Over this period, Boeing's SG&A expenses consistently surpassed those of Ingersoll Rand, peaking at approximately $5.2 billion in 2023, a 38% increase from 2015. In contrast, Ingersoll Rand's expenses grew by 198%, reaching $1.27 billion in 2023. This disparity highlights Boeing's larger scale and operational complexity. However, the significant rise in Ingersoll Rand's expenses suggests strategic investments or expansion efforts. Notably, 2020 marked a sharp increase for both companies, likely reflecting pandemic-related challenges. Missing data for Ingersoll Rand in 2024 suggests ongoing adjustments. This analysis underscores the importance of SG&A efficiency in maintaining competitive advantage.