Stanley Black & Decker, Inc. or Elbit Systems Ltd.: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Companies

In the competitive landscape of global business, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Stanley Black & Decker, Inc. and Elbit Systems Ltd. have demonstrated contrasting approaches to SG&A management. From 2014 to 2023, Stanley Black & Decker's SG&A expenses averaged around $2.94 billion annually, peaking in 2022. In contrast, Elbit Systems Ltd. maintained a more modest average of approximately $494 million, with a notable increase of 95% over the same period.

While Stanley Black & Decker's expenses fluctuated, Elbit Systems Ltd. showed a consistent upward trend, suggesting strategic investments in growth. By 2023, Elbit Systems Ltd. had increased its SG&A expenses by 95% from 2014, reflecting a strategic expansion. This comparison highlights the diverse strategies companies employ to balance cost management with growth ambitions.