Waste Management, Inc. vs Clean Harbors, Inc.: SG&A Expense Trends

SG&A Expense Trends: A Tale of Two Giants

In the world of waste management, two titans stand out: Waste Management, Inc. and Clean Harbors, Inc. Over the past decade, these companies have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses. Waste Management, Inc. has consistently outpaced Clean Harbors, Inc., with expenses peaking at nearly $1.9 billion in 2022, a 30% increase from 2014. In contrast, Clean Harbors, Inc. saw a more modest rise, with expenses growing by approximately 53% over the same period, reaching $671 million in 2023. This divergence highlights differing strategies and operational scales. Waste Management's larger footprint and broader service offerings likely contribute to its higher SG&A costs. As the industry evolves, monitoring these trends offers valuable insights into the financial health and strategic directions of these key players.