CNH Industrial N.V. and Clean Harbors, Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Companies

In the world of corporate finance, understanding a company's spending patterns can reveal much about its strategic priorities. Over the past decade, CNH Industrial N.V. and Clean Harbors, Inc. have showcased contrasting approaches in their Selling, General, and Administrative (SG&A) expenses.

From 2014 to 2023, CNH Industrial's SG&A expenses have seen a notable decline of approximately 36%, dropping from a peak in 2014 to a low in 2022. This trend suggests a strategic shift towards cost efficiency and streamlined operations. In contrast, Clean Harbors, Inc. has increased its SG&A spending by about 53% over the same period, reflecting potential investments in growth and expansion.

These divergent paths highlight the different strategies companies can adopt in response to market conditions and internal goals. As investors and analysts, understanding these patterns can provide valuable insights into a company's future trajectory.