Who Optimizes SG&A Costs Better? Automatic Data Processing, Inc. or ITT Inc.

ADP vs. ITT: Who Manages SG&A Costs Better?

__timestampAutomatic Data Processing, Inc.ITT Inc.
Wednesday, January 1, 20142762400000519500000
Thursday, January 1, 20152496900000441500000
Friday, January 1, 20162637000000444100000
Sunday, January 1, 20172783200000433700000
Monday, January 1, 20182971500000427300000
Tuesday, January 1, 20193064200000420000000
Wednesday, January 1, 20203003000000347200000
Friday, January 1, 20213040500000365100000
Saturday, January 1, 20223233200000368500000
Sunday, January 1, 20233551400000476600000
Monday, January 1, 20243778900000502300000
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Unleashing insights

Optimizing SG&A Costs: A Tale of Two Companies

In the competitive world of business, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Automatic Data Processing, Inc. (ADP) and ITT Inc. have been navigating this financial landscape since 2014. Over the past decade, ADP has consistently maintained higher SG&A expenses, peaking at approximately $3.7 billion in 2024, reflecting a 36% increase from 2014. In contrast, ITT Inc. has shown a more stable trend, with expenses fluctuating around $400 million, except for a notable dip in 2020. This suggests that while ADP's expenses are higher, they may be investing more in growth and operations. Meanwhile, ITT's steadiness could indicate a more conservative approach. Missing data for ITT in 2024 leaves room for speculation on their future strategy. Understanding these trends offers valuable insights into each company's operational priorities and financial strategies.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025