Trane Technologies plc or Roper Technologies, Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Trane Technologies or Roper Technologies?

In the competitive landscape of industrial technology, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. From 2014 to 2023, Trane Technologies and Roper Technologies have shown distinct strategies in handling these costs. Trane Technologies, with an average SG&A expense of approximately $2.66 billion, has consistently outspent Roper Technologies, which averaged around $1.76 billion. However, the trend reveals a more nuanced story. While Trane's expenses peaked in 2019, Roper's costs have shown a more stable trajectory, peaking in 2021. Notably, in 2023, Roper managed to reduce its SG&A expenses by about 18% from its 2021 peak, while Trane's expenses increased by 17% from 2020. This data suggests that Roper Technologies may have a more effective cost management strategy, especially in recent years, despite Trane's larger scale of operations.