Operational Costs Compared: SG&A Analysis of Fastenal Company and United Airlines Holdings, Inc.

A Tale of Two Giants: Fastenal vs. United Airlines

In the ever-evolving landscape of corporate America, operational efficiency is paramount. Fastenal Company and United Airlines Holdings, Inc. offer a fascinating study in contrasts when it comes to managing Selling, General, and Administrative (SG&A) expenses. Over the past decade, Fastenal has consistently increased its SG&A expenses, peaking at nearly $1.9 billion in 2024, a 70% rise from 2014. Meanwhile, United Airlines experienced a more volatile trajectory, with a significant dip in 2020, likely due to the pandemic, before rebounding to approximately $2 billion in 2023. This comparison highlights the resilience and adaptability of these industry leaders. Fastenal's steady growth reflects its strategic expansion, while United Airlines' fluctuations underscore the challenges faced by the airline industry. As we look to the future, understanding these trends offers valuable insights into the operational strategies of these corporate titans.