Breaking Down SG&A Expenses: Thomson Reuters Corporation vs ZTO Express (Cayman) Inc.

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

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a critical measure of a company's operational efficiency. This chart provides a fascinating comparison between Thomson Reuters Corporation and ZTO Express (Cayman) Inc. from 2014 to 2023.

Thomson Reuters, a global leader in information services, saw a dramatic 99% decrease in SG&A expenses over the decade, dropping from a peak in 2014 to a mere fraction by 2023. This reduction reflects strategic cost-cutting measures and a shift in business focus.

Conversely, ZTO Express, a major player in China's express delivery industry, experienced a 354% increase in SG&A expenses, highlighting its aggressive expansion strategy. By 2023, ZTO's expenses surpassed those of Thomson Reuters, indicating a significant investment in growth and market penetration.

This juxtaposition underscores the diverse strategies companies employ to navigate their respective industries.