SG&A Expense Trends: Ferguson plc vs XPO Logistics, Inc.

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial for investors and analysts alike. Over the past decade, Ferguson plc and XPO Logistics, Inc. have showcased contrasting trajectories in their SG&A expenditures.

Ferguson plc's Steady Climb

From 2014 to 2024, Ferguson plc's SG&A expenses have surged by over 100,000%, peaking at approximately $6.07 billion in 2024. This consistent growth reflects the company's strategic investments in operational efficiency and market expansion.

XPO Logistics, Inc.'s Fluctuating Path

Conversely, XPO Logistics, Inc. experienced a more volatile pattern. After reaching a high of $2.17 billion in 2020, their SG&A expenses plummeted to $167 million by 2023, indicating potential restructuring or cost-cutting measures.

These insights into SG&A trends offer a window into the financial strategies and operational priorities of these industry giants.