SG&A Expenses: A Tale of Two Companies

In the world of operational costs, Selling, General, and Administrative (SG&A) expenses are a critical metric for understanding a company's efficiency. This analysis compares the SG&A expenses of Fastenal Company and Expeditors International of Washington, Inc. over the past decade.

Fastenal Company: A Steady Climb

Fastenal has shown a consistent upward trend in SG&A expenses, growing by approximately 70% from 2014 to 2023. This increase reflects the company's expansion and investment in operational capabilities, with expenses peaking at nearly $1.83 billion in 2023.

Expeditors International: A Volatile Path

In contrast, Expeditors International experienced a more volatile journey. Their SG&A expenses decreased by over 50% from 2014 to 2021, before rebounding slightly in recent years. This fluctuation may indicate strategic shifts or market challenges.

Understanding these trends provides valuable insights into each company's operational strategies and market positioning.