SG&A Spending Patterns: 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, Jacobs Engineering Group Inc. and RB Global, Inc. have showcased distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Jacobs Engineering's SG&A expenses surged by approximately 55%, peaking in 2022. This growth reflects their strategic investments and expansion efforts. In contrast, RB Global, Inc. exhibited a more modest increase of around 200% over the same period, with a notable spike in 2023, indicating a potential shift in their operational strategy. Interestingly, data for 2024 is incomplete, leaving room for speculation on future trends. As these companies navigate the complexities of their respective industries, their SG&A spending patterns provide a window into their strategic priorities and market positioning.