Breaking Down SG&A Expenses: Snap-on Incorporated vs Curtiss-Wright Corporation

A Comparative Analysis of SG&A Expenses: Snap-on vs. Curtiss-Wright

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, Snap-on Incorporated and Curtiss-Wright Corporation have demonstrated distinct financial strategies in managing these costs. From 2014 to 2023, Snap-on consistently reported higher SG&A expenses, peaking at approximately $1.25 billion in 2023, a 25% increase from 2014. In contrast, Curtiss-Wright's expenses grew by about 17% over the same period, reaching nearly $497 million in 2023. This divergence highlights Snap-on's aggressive investment in administrative and sales functions, potentially fueling its growth. Meanwhile, Curtiss-Wright's more conservative approach may reflect a focus on operational efficiency. As businesses navigate the complexities of the modern market, these insights into SG&A trends offer valuable lessons in balancing cost management with strategic growth.