Comparing SG&A Expenses: Fastenal Company vs Booz Allen Hamilton Holding Corporation Trends and Insights

SG&A Expenses: A Tale of Two Companies

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a critical measure of a company's operational efficiency. This article delves into the SG&A trends of two industry giants: Fastenal Company and Booz Allen Hamilton Holding Corporation, from 2014 to 2023.

Fastenal Company: Steady Growth

Fastenal Company, a leader in industrial supplies, has shown a consistent upward trend in SG&A expenses, growing approximately 70% over the decade. This steady increase reflects the company's expansion and investment in operational capabilities.

Booz Allen Hamilton: A Volatile Journey

In contrast, Booz Allen Hamilton, a consulting powerhouse, experienced a more volatile SG&A trajectory. Despite a significant dip in 2024, the company saw a remarkable 95% increase from 2014 to 2023, peaking in 2023. This fluctuation highlights the dynamic nature of the consulting industry.

Both companies' SG&A trends offer valuable insights into their strategic priorities and market positioning.