Fastenal Company vs Stanley Black & Decker, Inc.: SG&A Expense Trends

SG&A Expense Trends: Fastenal vs. Stanley Black & Decker

In the competitive landscape of industrial supply and tools, understanding the financial strategies of key players is crucial. Fastenal Company and Stanley Black & Decker, Inc. have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Fastenal's SG&A expenses have grown by approximately 71%, reflecting a strategic investment in operational expansion and market penetration. In contrast, Stanley Black & Decker's expenses peaked in 2022, with a notable 35% increase from 2014, before experiencing a decline in 2023. This divergence may indicate differing approaches to cost management and market adaptation. Notably, data for 2024 is incomplete, highlighting the dynamic nature of financial forecasting. As these industry giants navigate economic shifts, their SG&A trends offer valuable insights into their evolving business strategies.