SG&A Expense Trends: A Tale of Two Giants

In the competitive landscape of industrial machinery, understanding the financial strategies of leading companies is crucial. Over the past decade, Deere & Company and Ingersoll Rand Inc. have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. Deere & Company, a titan in agricultural machinery, has seen its SG&A expenses grow by approximately 37% from 2014 to 2023, peaking in 2024. This reflects a strategic investment in operational efficiency and market expansion. In contrast, Ingersoll Rand Inc., a leader in industrial solutions, experienced a significant 167% increase in SG&A expenses from 2014 to 2023, indicating a robust focus on scaling operations and enhancing customer engagement. Notably, data for 2024 is missing for Ingersoll Rand, leaving room for speculation on future strategies. These trends highlight the dynamic approaches of these industry leaders in navigating economic challenges and opportunities.