Comparing SG&A Expenses: Deere & Company vs XPO Logistics, Inc. Trends and Insights

A Tale of Two Giants: SG&A Expenses in Focus

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, Deere & Company and XPO Logistics, Inc. have showcased contrasting trends in their SG&A expenditures. Deere & Company, a stalwart in the agricultural machinery sector, has seen a steady increase in its SG&A expenses, peaking at approximately 4.5 billion in 2024, marking a 37% rise from 2014. In contrast, XPO Logistics, Inc., a leader in transportation and logistics, experienced a significant fluctuation, with expenses peaking in 2020 and then plummeting by over 90% by 2023. This divergence highlights the strategic shifts and market dynamics influencing these industry leaders. As we delve deeper into these trends, the data underscores the importance of adaptive strategies in maintaining competitive advantage.