Elbit Systems Ltd. or Curtiss-Wright Corporation: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Companies

In the competitive landscape of defense and aerospace, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Curtiss-Wright Corporation and Elbit Systems Ltd. have demonstrated contrasting approaches to handling these costs. From 2014 to 2023, Curtiss-Wright's SG&A expenses grew by approximately 17%, while Elbit Systems saw a staggering 95% increase. This significant difference highlights Elbit's aggressive expansion strategy, possibly investing more in marketing and administrative capabilities. In contrast, Curtiss-Wright's more conservative growth suggests a focus on efficiency and cost control. As of 2023, Elbit's SG&A expenses are nearly 40% higher than Curtiss-Wright's, reflecting their divergent paths. Investors and industry analysts should consider these trends when evaluating the financial health and strategic direction of these companies.