Deere & Company and Waste Management, Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Giants

In the world of corporate finance, understanding the spending patterns of industry leaders can offer valuable insights. Deere & Company and Waste Management, Inc. 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 Waste Management, with SG&A expenses peaking at approximately $4.5 billion in 2024, marking a 37% increase from 2014. In contrast, Waste Management's SG&A expenses grew more modestly, reaching nearly $1.9 billion in 2022, a 31% rise from 2014. This divergence highlights Deere's aggressive investment in administrative capabilities, while Waste Management maintains a more conservative approach. Notably, data for Waste Management in 2024 is missing, leaving room for speculation on future trends. These patterns reflect broader strategic priorities and market positioning, offering a window into the operational focus of these two industry titans.