Selling, General, and Administrative Costs: CNH Industrial N.V. vs Nordson Corporation

A Comparative Analysis of SG&A Expenses: CNH Industrial N.V. vs Nordson Corporation

In the ever-evolving landscape of industrial giants, understanding the financial dynamics of companies like CNH Industrial N.V. and Nordson Corporation is crucial. Over the past decade, CNH Industrial has consistently maintained higher Selling, General, and Administrative (SG&A) expenses compared to Nordson, with a peak in 2014 where their expenses were nearly five times that of Nordson. However, by 2023, CNH's expenses had decreased by approximately 36%, while Nordson's expenses showed a steady increase of about 18% over the same period. This shift highlights a strategic tightening of CNH's operational costs, possibly reflecting a focus on efficiency. Meanwhile, Nordson's gradual increase suggests a potential expansion or investment in growth. The data for 2024 is incomplete, leaving room for speculation on future trends. This analysis provides a window into the financial strategies of these industrial leaders, offering insights into their operational priorities.