Cummins Inc. vs Stanley Black & Decker, Inc.: SG&A Expense Trends

SG&A Expense Trends: A Tale of Two Giants

In the competitive landscape of industrial manufacturing, understanding the financial strategies of leading companies is crucial. Over the past decade, Cummins Inc. and Stanley Black & Decker, Inc. have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Cummins Inc. saw a steady increase in SG&A expenses, peaking in 2023 with a 53% rise from 2014. In contrast, Stanley Black & Decker, Inc. experienced fluctuations, with a notable 30% increase by 2022, followed by a dip in 2023. This divergence highlights differing strategic priorities: Cummins' consistent investment in operational efficiency versus Stanley Black & Decker's adaptive cost management. These trends offer valuable insights into how these industrial titans navigate economic challenges and opportunities, providing a window into their long-term growth strategies.