Breaking Down SG&A Expenses: Deere & Company vs United Airlines Holdings, Inc.

A Tale of Two Giants: SG&A Expenses in Focus

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a critical measure of operational efficiency. This analysis juxtaposes the SG&A expenses of Deere & Company and United Airlines Holdings, Inc. over the past decade. Deere & Company, a leader in agricultural machinery, consistently outpaces United Airlines in SG&A spending, reflecting its expansive global operations. From 2014 to 2023, Deere's SG&A expenses grew by approximately 37%, peaking in 2024. In contrast, United Airlines experienced a more volatile trajectory, with a significant dip in 2020, likely due to the pandemic's impact on the airline industry. By 2023, United's SG&A expenses rebounded to nearly 1.98 billion, marking a 330% increase from the 2020 low. This comparison highlights the diverse challenges and strategies of these industry titans, offering insights into their financial health and strategic priorities.