W.W. Grainger, Inc. and ITT Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Companies

In the world of industrial giants, understanding spending patterns can reveal much about a company's strategic priorities. Over the past decade, W.W. Grainger, Inc. and ITT Inc. have showcased distinct approaches in their Selling, General, and Administrative (SG&A) expenses.

A Decade of Trends

From 2014 to 2023, W.W. Grainger, Inc. consistently outspent ITT Inc. in SG&A, with an average annual expenditure nearly eight times higher. Notably, Grainger's SG&A expenses peaked in 2023, reaching a staggering 3.93 billion, marking a 32% increase from 2014. In contrast, ITT Inc. experienced a more volatile pattern, with a significant dip in 2020, followed by a recovery to 476 million in 2023.

Strategic Implications

These spending patterns suggest Grainger's aggressive investment in operational capabilities, while ITT's fluctuating expenses may indicate a more adaptive strategy in response to market conditions.