Howmet Aerospace Inc. and Equifax Inc.: SG&A Spending Patterns Compared

SG&A Spending Trends: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, understanding the spending patterns of industry giants can offer valuable insights. Over the past decade, Equifax Inc. and Howmet Aerospace Inc. have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses.

From 2014 to 2023, Equifax's SG&A expenses surged by approximately 84%, peaking in 2019. This upward trajectory reflects strategic investments in technology and data security, crucial for maintaining its leadership in the credit reporting industry. In contrast, Howmet Aerospace experienced a 55% decline in SG&A expenses, particularly noticeable post-2019. This reduction aligns with the company's focus on streamlining operations and enhancing efficiency in the aerospace sector.

These divergent paths highlight the distinct strategic priorities of each company, offering a fascinating glimpse into how industry leaders adapt to changing market dynamics.