Avery Dennison Corporation or AECOM: Who Manages SG&A Costs Better?

A Tale of Two Companies: SG&A Management in Focus

In the competitive landscape of corporate America, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Avery Dennison Corporation and AECOM, two industry giants, have shown contrasting approaches over the past decade. From 2014 to 2023, Avery Dennison consistently reported higher SG&A expenses, averaging around $1.15 billion annually, compared to AECOM's $139 million. However, Avery Dennison's expenses remained relatively stable, with a modest 15% increase over the period, while AECOM's expenses surged by nearly 98%, peaking in 2020. This suggests that while Avery Dennison operates on a larger scale, AECOM's rapid growth in expenses could indicate strategic investments or inefficiencies. As we look to 2024, Avery Dennison's data is missing, leaving room for speculation on their future strategy. Understanding these trends offers valuable insights into how these corporations navigate financial management in a dynamic market.