Who Optimizes SG&A Costs Better? The Boeing Company or Fastenal Company

Optimizing SG&A: A Tale of Two Giants

In the competitive world of aerospace and industrial supplies, managing Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, The Boeing Company and Fastenal Company have showcased contrasting strategies. From 2014 to 2024, Boeing's SG&A expenses have fluctuated, peaking in 2023 with a 38% increase from 2015. Meanwhile, Fastenal has steadily optimized its costs, achieving a 70% rise over the same period. This trend highlights Fastenal's consistent growth and cost management prowess. Boeing, despite its higher absolute expenses, reflects the challenges of the aerospace sector, especially during economic downturns. As we look to the future, these insights offer valuable lessons in strategic financial management.