SG&A Expense Trends: A Tale of Two Giants

In the ever-evolving landscape of the aerospace and defense industry, understanding the financial health of key players is crucial. Over the past decade, RTX Corporation and AerCap Holdings N.V. have showcased distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, RTX Corporation's SG&A expenses have fluctuated, peaking in 2019 with a 42% increase from 2014, before dropping by 53% in 2023. Meanwhile, AerCap Holdings N.V. experienced a more stable trajectory, with a notable 55% rise in 2023 compared to 2014. This divergence highlights RTX's strategic shifts and AerCap's steady growth. As we look to 2024, RTX's data remains incomplete, leaving room for speculation on future financial strategies. These insights offer a window into the operational priorities and market positioning of these industry leaders.