Operational Costs Compared: SG&A Analysis of Stanley Black & Decker, Inc. and Allegion plc

A Decade of Operational Cost Trends: SG&A Analysis

Comparing Stanley Black & Decker, Inc. and Allegion plc

Over the past decade, the operational cost dynamics of Stanley Black & Decker, Inc. and Allegion plc have revealed intriguing trends. From 2014 to 2023, Stanley Black & Decker consistently reported higher Selling, General, and Administrative (SG&A) expenses compared to Allegion. However, the gap has been narrowing. In 2014, Stanley Black & Decker's SG&A expenses were nearly five times those of Allegion. By 2023, this ratio had decreased to approximately 3.3 times.

Allegion's SG&A expenses have shown a steady upward trajectory, increasing by about 64% over the period. In contrast, Stanley Black & Decker's expenses peaked in 2022, followed by a notable decline in 2023. This shift could indicate strategic cost management or market adjustments. As businesses navigate economic challenges, understanding these trends offers valuable insights into corporate strategies and financial health.