Cummins Inc. and Quanta Services, Inc.: SG&A Spending Patterns Compared

SG&A Spending Trends: Cummins Inc. vs. Quanta Services, Inc.

In the ever-evolving landscape of corporate finance, understanding the spending patterns of industry giants is crucial. Cummins Inc. and Quanta Services, Inc. have shown distinct trajectories in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Cummins Inc. has seen a steady increase in SG&A expenses, culminating in a 53% rise by 2023. In contrast, Quanta Services, Inc. has experienced a more dramatic growth, with SG&A expenses nearly tripling over the same period.

This divergence highlights the strategic differences between the two companies. While Cummins Inc. maintains a consistent growth strategy, Quanta Services, Inc. appears to be aggressively expanding its operational footprint. These insights not only reflect the companies' internal strategies but also provide a window into broader industry trends, offering valuable lessons for investors and analysts alike.