RTX Corporation or Dover Corporation: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: RTX Corporation or Dover Corporation?

In the competitive landscape of corporate America, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, RTX Corporation and Dover Corporation have demonstrated contrasting approaches to handling these costs.

From 2014 to 2023, Dover Corporation maintained a relatively stable SG&A expense, averaging around $1.7 billion annually. This consistency reflects a disciplined approach to cost management, with fluctuations of less than 15% over the years. In contrast, RTX Corporation's SG&A expenses have been more volatile, peaking at $8.5 billion in 2019 before dropping to $4 billion in 2023. This 53% reduction suggests a strategic shift or restructuring within the company.

While both companies face the challenge of optimizing their SG&A expenses, Dover's steadiness may offer a model of stability, whereas RTX's dynamic changes could indicate adaptability in a rapidly changing market.