PACCAR Inc vs Howmet Aerospace Inc.: SG&A Expense Trends

SG&A Expense Trends: PACCAR Inc. vs. Howmet Aerospace Inc.

In the ever-evolving landscape of the automotive and aerospace industries, understanding financial trends is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of PACCAR Inc. and Howmet Aerospace Inc. from 2014 to 2023. Over this decade, PACCAR Inc. has shown a steady increase in SG&A expenses, peaking in 2023 with a 40% rise from 2014. In contrast, Howmet Aerospace Inc. experienced a significant decline, with expenses dropping by nearly 55% from their 2016 peak to 2023. This divergence highlights PACCAR's consistent investment in administrative functions, while Howmet's reduction may indicate strategic cost-cutting or operational efficiencies. Notably, data for Howmet in 2024 is missing, suggesting potential changes in reporting or financial strategy. These insights provide a window into the financial health and strategic priorities of these industry giants.