Fastenal Company or Jacobs Engineering Group Inc.: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Companies

In the competitive world of business, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Fastenal Company and Jacobs Engineering Group Inc. have been navigating this financial landscape since 2014. Over the past decade, Fastenal has demonstrated a steady increase in SG&A expenses, growing approximately 70% from 2014 to 2024. In contrast, Jacobs Engineering Group Inc. saw a more volatile trend, with a peak in 2022, followed by a decline in 2024.

Fastenal's consistent growth in SG&A expenses, averaging around 1.5 billion annually, reflects its strategic expansion and operational efficiency. Meanwhile, Jacobs Engineering's fluctuating expenses, peaking at 2.4 billion in 2022, suggest a more dynamic approach to cost management. As businesses strive for efficiency, understanding these trends offers valuable insights into corporate financial strategies.