Comparing SG&A Expenses: Thomson Reuters Corporation vs Cummins Inc. Trends and Insights

SG&A Expenses: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Thomson Reuters Corporation and Cummins Inc. have showcased contrasting trajectories in their SG&A expenditures.

Thomson Reuters Corporation

From 2014 to 2023, Thomson Reuters saw a dramatic decline in SG&A expenses, plummeting from a peak of over $9 billion in 2014 to a mere $64 million by 2023. This represents a staggering 99% reduction, reflecting strategic cost-cutting measures and possibly a shift in business focus.

Cummins Inc.

Conversely, Cummins Inc. experienced a steady increase in SG&A expenses, growing by approximately 53% from 2014 to 2023. This rise, from around $2 billion to over $3 billion, suggests an expansion in operations or increased investment in administrative capabilities.
These trends highlight the diverse strategies employed by these industry leaders in managing operational costs.