Operational Costs Compared: SG&A Analysis of Honeywell International Inc. and U-Haul Holding Company

A Comparative Analysis of SG&A Expenses: Honeywell vs. U-Haul

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: Honeywell International Inc. and U-Haul Holding Company, from 2014 to 2023.

Key Insights

Honeywell's SG&A expenses have shown a fluctuating trend, peaking in 2018 with a 10% increase from 2014, before declining by 23% in 2023. In contrast, U-Haul's expenses have been relatively stable, with a notable dip in 2023, marking a 77% decrease from its 2014 figures.

Conclusion

This comparison highlights the strategic financial management differences between a diversified technology leader and a moving equipment rental company. The data suggests that while Honeywell has experienced more volatility, U-Haul has maintained a more consistent cost structure, albeit with a significant recent reduction.