SG&A Expense Trends: United Rentals, Inc. vs CNH Industrial N.V.

In the competitive landscape of industrial equipment and services, understanding the financial dynamics of key players is crucial. Over the past decade, United Rentals, Inc. and CNH Industrial N.V. have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, CNH Industrial N.V. experienced a notable decline in SG&A expenses, dropping approximately 36% from its peak in 2014. In contrast, United Rentals, Inc. saw a steady increase, with expenses rising by over 100% during the same period. This divergence highlights strategic differences in cost management and operational focus. Notably, 2023 marked a significant year where United Rentals, Inc.'s SG&A expenses surpassed those of CNH Industrial N.V. for the first time. As we look to 2024, the absence of data for CNH Industrial N.V. leaves room for speculation on future financial strategies.