Honeywell International Inc. and Republic Services, Inc.: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, understanding the spending patterns of industry leaders is crucial. Honeywell International Inc. and Republic Services, Inc. offer a fascinating study in contrasts when it comes to Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Honeywell's SG&A expenses have seen a decline of approximately 16%, dropping from $5.5 billion to $4.7 billion. This trend reflects a strategic shift towards efficiency and cost management. In contrast, Republic Services has experienced a significant increase of nearly 70% in the same period, with expenses rising from $896 million to $1.5 billion. This growth underscores Republic's expansion and investment in operational capabilities. These divergent paths highlight the distinct strategic priorities of each company, offering valuable insights into their financial health and market positioning.