Deere & Company and Curtiss-Wright Corporation: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Giants

In the world of industrial giants, understanding spending patterns can reveal much about a company's strategic priorities. Deere & Company and Curtiss-Wright Corporation, two stalwarts in their respective fields, have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Deere & Company consistently outspent Curtiss-Wright, with SG&A expenses peaking at approximately $4.5 billion in 2024, a 37% increase from 2016. In contrast, Curtiss-Wright's SG&A expenses grew more modestly, reaching nearly $497 million in 2023, marking a 29% rise from 2016. This divergence highlights Deere's aggressive expansion and investment in administrative capabilities, while Curtiss-Wright maintains a more conservative approach. Notably, the data for 2024 is incomplete for Curtiss-Wright, suggesting a need for further analysis. These insights offer a window into the strategic maneuvers of these industrial titans.