Thomson Reuters Corporation vs Howmet Aerospace Inc.: SG&A Expense Trends

SG&A Expense Trends: A Tale of Two Corporations

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial for investors and analysts alike. This chart provides a fascinating comparison between Thomson Reuters Corporation and Howmet Aerospace Inc. over the past decade.

A Decade of Change

From 2014 to 2023, Thomson Reuters saw a dramatic 99% decrease in SG&A expenses, plummeting from a peak in 2014 to a mere fraction by 2023. This significant reduction reflects strategic cost-cutting measures and a shift towards more efficient operations. In contrast, Howmet Aerospace experienced a more modest decline of approximately 55% over the same period, indicating a steady approach to managing operational costs.

Insights and Implications

These trends highlight the differing strategies of these two industry giants. While Thomson Reuters aggressively streamlined its operations, Howmet Aerospace maintained a more consistent expense management strategy. Investors should consider these trends when evaluating the financial health and strategic direction of these companies.