Breaking Down SG&A Expenses: Deere & Company vs General Dynamics Corporation

A Comparative Analysis of SG&A Expenses: Deere & Company vs General Dynamics Corporation

In the ever-evolving landscape of corporate finance, understanding the nuances of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Deere & Company and General Dynamics Corporation have showcased distinct trends in their SG&A expenditures. From 2014 to 2023, Deere & Company maintained a relatively stable SG&A expense, averaging around $3.4 billion annually, with a notable peak in 2024, reaching approximately $4.5 billion. This represents a 37% increase from their lowest point in 2016. In contrast, General Dynamics Corporation exhibited a more volatile pattern, with a significant surge in 2024, where their SG&A expenses skyrocketed to $42.9 billion, marking a dramatic 21-fold increase from their 2014 figures. This stark contrast highlights the diverse strategic approaches these industry giants employ in managing operational costs, reflecting broader economic and sector-specific challenges.