Caterpillar Inc. vs AECOM: SG&A Expense Trends

SG&A Expense Trends: A Tale of Two Giants

In the ever-evolving landscape of industrial and infrastructure sectors, understanding the financial health of key players is crucial. Over the past decade, Caterpillar Inc. and AECOM have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Caterpillar's SG&A expenses have fluctuated, peaking in 2023 with a 37% increase from its lowest point in 2020. Meanwhile, AECOM's expenses have shown a steady upward trajectory, growing by approximately 98% over the same period. This divergence highlights Caterpillar's strategic cost management amidst market challenges, while AECOM's consistent rise reflects its expansion efforts. Notably, data for 2024 is incomplete, leaving room for speculation on future trends. As these industry titans navigate economic shifts, their SG&A expenses offer a window into their operational strategies and market positioning.