Breaking Down SG&A Expenses: RTX Corporation vs Curtiss-Wright Corporation

A Tale of Two Corporations: SG&A Expenses Over Time

In the competitive landscape of aerospace and defense, understanding the financial dynamics of industry giants like RTX Corporation and Curtiss-Wright Corporation is crucial. Over the past decade, from 2014 to 2023, RTX Corporation has consistently outpaced Curtiss-Wright in Selling, General, and Administrative (SG&A) expenses, reflecting its larger scale and broader operational footprint. Notably, RTX's SG&A expenses peaked in 2019, reaching a staggering 8.5 billion, before experiencing a decline to 4 billion in 2023. This represents a significant reduction of over 50% in just four years, possibly indicating strategic cost-cutting measures or shifts in business strategy.

Conversely, Curtiss-Wright's SG&A expenses have remained relatively stable, with a slight upward trend, culminating in a 15% increase from 2014 to 2023. This stability suggests a consistent operational approach, even amidst industry fluctuations. The data for 2024 is incomplete, leaving room for speculation on future trends.