Breaking Down SG&A Expenses: Fastenal Company vs Avery Dennison Corporation

A Comparative Analysis of SG&A Expenses: Fastenal vs. Avery Dennison

In the ever-evolving landscape of industrial and manufacturing sectors, understanding the financial health of companies is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Fastenal Company and Avery Dennison Corporation, from 2014 to 2023.

Fastenal, a leader in industrial supplies, has seen its SG&A expenses grow by approximately 64% over the decade, peaking in 2023. Avery Dennison, a global materials science company, experienced a more modest increase of around 20% in the same period, with a notable spike in 2022. This divergence highlights Fastenal's aggressive expansion strategy compared to Avery Dennison's steady growth.

Interestingly, 2024 data for Avery Dennison is missing, leaving room for speculation on its future financial trajectory. As these companies navigate economic challenges, their SG&A trends offer valuable insights into their operational strategies and market positioning.