Honeywell International Inc. or AMETEK, Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Honeywell or AMETEK?

In the competitive landscape of industrial giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Honeywell International Inc. and AMETEK, Inc. have shown distinct strategies in handling these costs. From 2014 to 2023, Honeywell's SG&A expenses have fluctuated, peaking in 2018 and then declining by approximately 23% by 2023. In contrast, AMETEK has steadily increased its SG&A expenses by about 46% over the same period. This divergence highlights Honeywell's focus on cost efficiency, while AMETEK appears to be investing more in administrative capabilities. As the industrial sector evolves, these strategies will play a pivotal role in shaping each company's financial health and market position.