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

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

In the competitive landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Ferguson plc and RTX Corporation have showcased contrasting strategies in handling these costs. From 2014 to 2024, Ferguson plc's SG&A expenses have surged by approximately 20%, peaking at 6.07 billion in 2024. In contrast, RTX Corporation's expenses have fluctuated, with a notable decrease of around 38% from 2019 to 2023, reaching a low of 4.03 billion. This trend suggests Ferguson's consistent growth strategy, while RTX appears to be optimizing its cost structure. As businesses navigate economic uncertainties, understanding these financial maneuvers offers valuable insights into corporate efficiency and strategic planning.