Deere & Company or HEICO Corporation: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Deere & Company or HEICO Corporation?

In the competitive landscape of industrial giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Deere & Company, a leader in agricultural machinery, and HEICO Corporation, a prominent aerospace and electronics manufacturer, have shown distinct strategies in handling these costs over the past decade.

From 2014 to 2024, Deere & Company consistently reported higher SG&A expenses, peaking at approximately $4.5 billion in 2024. In contrast, HEICO Corporation maintained a leaner approach, with expenses reaching around $677 million in the same year. Despite the disparity in absolute numbers, HEICO's expenses grew by about 247% over the period, compared to Deere's 37% increase.

This data highlights the contrasting operational scales and cost management strategies of these two industry leaders. While Deere's larger scale incurs higher costs, HEICO's rapid growth in expenses suggests a strategic expansion in its operations.