Operational Costs Compared: SG&A Analysis of Avery Dennison Corporation and Elbit Systems Ltd.

A Comparative Analysis of SG&A Expenses: Avery Dennison vs. Elbit Systems

In the ever-evolving landscape of corporate finance, understanding operational costs is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Avery Dennison Corporation and Elbit Systems Ltd., from 2014 to 2023. Avery Dennison, a leader in labeling and packaging materials, consistently outpaces Elbit Systems, an Israeli defense electronics company, in SG&A expenses. Over the decade, Avery Dennison's SG&A expenses grew by approximately 15%, peaking in 2022. In contrast, Elbit Systems saw a more dramatic increase of nearly 95%, reflecting strategic expansions and market adaptations. Notably, 2023 marked a significant year for Elbit Systems, with SG&A expenses reaching their highest, indicating robust growth strategies. This comparative insight underscores the diverse financial strategies employed by companies in different sectors, offering a window into their operational priorities.