Selling, General, and Administrative Costs: Cummins Inc. vs AMETEK, Inc.

A Comparative Analysis of SG&A Expenses: Cummins Inc. vs AMETEK, Inc.

In the ever-evolving landscape of industrial manufacturing, understanding the financial dynamics of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Cummins Inc. and AMETEK, Inc. over the past decade, from 2014 to 2023.

Cummins Inc., a leader in power solutions, consistently outpaces AMETEK, Inc. in SG&A expenses, reflecting its expansive global operations. In 2023, Cummins' SG&A expenses surged to over 3.2 billion, marking a 53% increase from 2014. Meanwhile, AMETEK, Inc., a global manufacturer of electronic instruments, saw a 46% rise in SG&A expenses, reaching approximately 677 million in 2023.

This trend underscores the strategic investments both companies are making in their administrative and sales functions, crucial for sustaining growth in a competitive market. As these giants continue to expand, monitoring their SG&A expenses offers valuable insights into their operational strategies.