Operational Costs Compared: SG&A Analysis of Cummins Inc. and Allegion plc

SG&A Expenses: A Tale of Two Giants

In the world of industrial manufacturing and security solutions, operational efficiency is key. Over the past decade, Cummins Inc. and Allegion plc have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses. Cummins Inc., a leader in power solutions, has seen its SG&A expenses grow by approximately 53% from 2014 to 2023, peaking in 2023. Meanwhile, Allegion plc, a global provider of security products, experienced a 64% increase in the same period.

Yearly Insights

In 2014, Allegion's SG&A expenses were about 25% of Cummins'. By 2023, this ratio remained consistent, highlighting Allegion's steady growth in operational costs. The year 2020 marked a dip for both companies, likely reflecting global economic challenges. As we move forward, these trends offer a window into the strategic priorities and market dynamics shaping these industry leaders.