Breaking Down SG&A Expenses: Honeywell International Inc. vs Ingersoll Rand Inc.

A Comparative Analysis of SG&A Expenses: Honeywell vs. Ingersoll Rand

In the ever-evolving landscape of industrial giants, understanding the financial dynamics of companies like Honeywell International Inc. and Ingersoll Rand Inc. is crucial. Over the past decade, from 2014 to 2023, these two companies have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. Honeywell's SG&A expenses peaked in 2018, reaching approximately 6 billion USD, before experiencing a gradual decline, ending at around 4.7 billion USD in 2023. This represents a decrease of about 22% over the period. In contrast, Ingersoll Rand's SG&A expenses have shown a remarkable upward trajectory, increasing by over 167% from 2014 to 2023, with the latest figures nearing 1.3 billion USD. This divergence highlights the strategic differences in cost management and operational focus between the two companies, offering valuable insights for investors and industry analysts alike.