Breaking Down SG&A Expenses: Textron Inc. vs U-Haul Holding Company

A Tale of Two Companies: Textron Inc. vs. U-Haul Holding Company

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a critical measure of a company's operational efficiency. Over the past decade, Textron Inc. and U-Haul Holding Company have showcased contrasting trends in their SG&A expenses. Textron Inc., a leader in the aerospace and defense industry, has seen its SG&A expenses fluctuate, peaking dramatically in 2024 with a staggering 900% increase compared to 2023. This spike could indicate strategic investments or restructuring efforts. Meanwhile, U-Haul, a household name in moving and storage, has maintained a more stable SG&A profile, with a notable dip in 2023, reflecting a 73% decrease from the previous year. This reduction might suggest cost-cutting measures or increased operational efficiency. As these companies navigate their respective industries, their SG&A trends offer valuable insights into their financial strategies and market positioning.