Comparing SG&A Expenses: Honeywell International Inc. vs Global Payments Inc. Trends and Insights

A Decade of SG&A Trends: Honeywell vs. Global Payments

In the ever-evolving landscape of corporate finance, Selling, General, and Administrative (SG&A) expenses serve as a critical indicator of a company's operational efficiency. Over the past decade, from 2014 to 2023, Honeywell International Inc. and Global Payments Inc. have showcased contrasting trajectories in their SG&A expenditures.

Honeywell, a stalwart in the industrial sector, has seen its SG&A expenses fluctuate, peaking in 2018 and then experiencing a gradual decline, ending 2023 with a 16% reduction from its 2014 levels. In contrast, Global Payments, a leader in payment technology services, has witnessed a robust 215% increase in SG&A expenses over the same period, reflecting its aggressive expansion and acquisition strategy.

These trends highlight the strategic priorities of each company, with Honeywell focusing on cost optimization and Global Payments on growth and market penetration. Understanding these dynamics offers valuable insights into their financial health and future prospects.