Operational Costs Compared: SG&A Analysis of CNH Industrial N.V. and Allegion plc

A Comparative Analysis of SG&A Expenses: CNH Industrial N.V. vs. Allegion plc

In the ever-evolving landscape of industrial and security solutions, understanding operational costs is crucial. Over the past decade, CNH Industrial N.V. and Allegion plc have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, CNH Industrial's SG&A expenses have seen a notable decline of approximately 36%, dropping from a peak in 2014 to a low in 2022. In contrast, Allegion plc has experienced a steady increase, with expenses rising by about 64% over the same period. This divergence highlights differing strategic priorities and market responses. While CNH Industrial appears to be optimizing its operational costs, Allegion is investing more in its administrative and sales functions, possibly to capture a larger market share. These insights provide a window into the financial strategies of two major players in their respective industries.