SG&A Efficiency: A Tale of Two Companies

In the competitive landscape of corporate America, the efficiency of Selling, General, and Administrative (SG&A) expenses can be a decisive factor in a company's success. Over the past decade, Waste Connections, Inc. and Pentair plc have showcased contrasting trends in their SG&A expenditures. From 2014 to 2023, Pentair plc's SG&A expenses decreased by approximately 54%, reflecting a strategic shift towards cost efficiency. In contrast, Waste Connections, Inc. saw a 248% increase, indicating a potential expansion or investment in administrative capabilities.

A Decade of Change

In 2014, Pentair's SG&A expenses were nearly seven times higher than Waste Connections. However, by 2023, Waste Connections had surpassed Pentair, highlighting a significant shift in their financial strategies. This data provides a fascinating insight into how two companies can navigate their financial landscapes differently, offering valuable lessons for investors and industry analysts alike.