Comparing SG&A Expenses: Howmet Aerospace Inc. vs Textron Inc. Trends and Insights

A Tale of Two Giants: SG&A Expenses in Aerospace and Defense

In the competitive landscape of aerospace and defense, understanding the financial strategies of industry leaders is crucial. Howmet Aerospace Inc. and Textron Inc. have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Howmet Aerospace's SG&A expenses have seen a significant decline, dropping by approximately 55% from their peak in 2016. This reduction reflects strategic cost management, especially evident during the challenging pandemic years.

Conversely, Textron Inc. maintained a relatively stable SG&A expense pattern, with a slight dip in 2019, followed by a consistent rise, culminating in a dramatic spike in 2024. This suggests a potential strategic shift or investment in growth initiatives. The absence of data for Howmet in 2024 leaves room for speculation on their future financial maneuvers.