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

SG&A Cost Management: A Tale of Two Giants

In the competitive landscape of industrial giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Honeywell International Inc. and United Rentals, Inc. have shown distinct approaches over the past decade. From 2014 to 2023, Honeywell's SG&A expenses fluctuated, peaking in 2018 and then declining by approximately 23% by 2023. In contrast, United Rentals demonstrated a steady increase, with SG&A costs rising by over 100% during the same period. This divergence highlights Honeywell's focus on cost efficiency, while United Rentals appears to be investing in growth. Notably, 2024 data for Honeywell is missing, leaving room for speculation on their future strategy. As these companies navigate economic challenges, their SG&A management will be pivotal in shaping their competitive edge.