Cummins Inc. and CNH Industrial N.V.: SG&A Spending Patterns Compared

SG&A Spending Trends: Cummins Inc. vs. CNH Industrial N.V.

In the ever-evolving landscape of industrial giants, understanding spending patterns is crucial. Over the past decade, Cummins Inc. and CNH Industrial N.V. have showcased distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Cummins Inc. has seen a remarkable 53% increase in SG&A expenses, peaking in 2023. In contrast, CNH Industrial N.V. experienced a 36% decline over the same period, with a notable dip in 2022. This divergence highlights differing strategic priorities and market responses. Cummins' consistent rise suggests aggressive expansion or investment in operational efficiencies, while CNH's reduction may indicate cost-cutting measures or a shift in business focus. As these companies navigate global challenges, their SG&A spending patterns offer a window into their strategic directions and market adaptability.