Waste Management, Inc. or Allegion plc: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Waste Management, Inc. or Allegion plc?

In the competitive landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, from 2014 to 2023, Waste Management, Inc. and Allegion plc have shown distinct strategies in handling these costs. Waste Management, Inc. consistently reported higher SG&A expenses, peaking at nearly 1.93 billion in 2022, reflecting its expansive operations. In contrast, Allegion plc, with a more focused business model, maintained lower SG&A costs, reaching approximately 866 million in 2023. Despite the higher absolute numbers, Waste Management, Inc. has managed to keep its SG&A growth rate relatively stable, while Allegion plc saw a significant increase of around 64% over the same period. This data provides a fascinating insight into how two industry leaders navigate their financial strategies in a dynamic market environment.