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 United Airlines Holdings, Inc. and Pool Corporation from 2014 to 2023. Over this period, United Airlines consistently reported higher SG&A expenses, peaking at nearly $2 billion in 2023, a 44% increase from 2014. In contrast, Pool Corporation's SG&A expenses grew by approximately 101%, reaching $913 million in 2023.

Key Insights

• United Airlines: Despite a dip in 2020, likely due to the pandemic, SG&A expenses rebounded, reflecting strategic investments in recovery and growth.
• Pool Corporation: Demonstrated steady growth, with a notable surge in 2022, indicating robust expansion strategies.

This comparison highlights the diverse strategies and market conditions impacting these companies, offering valuable insights for investors and analysts alike.