The Boeing Company and Parker-Hannifin Corporation: SG&A Spending Patterns Compared

SG&A Spending Patterns: Boeing vs. Parker-Hannifin

In the ever-evolving landscape of aerospace and industrial manufacturing, understanding the financial strategies of industry giants like The Boeing Company and Parker-Hannifin Corporation is crucial. Over the past decade, from 2014 to 2024, these two companies have demonstrated distinct approaches to managing their Selling, General, and Administrative (SG&A) expenses.

Boeing, a leader in aerospace, consistently allocated a higher percentage of its revenue to SG&A expenses, peaking in 2023 with a 37% increase from 2014. This reflects its commitment to innovation and market expansion. In contrast, Parker-Hannifin, a key player in motion and control technologies, showed a more conservative growth in SG&A spending, with a notable surge in 2023, doubling its 2014 expenditure. This strategic shift indicates a potential pivot towards aggressive market positioning.

These trends highlight the dynamic financial strategies employed by these corporations to navigate their respective industries.