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

A Decade of SG&A Expenses: Cummins Inc. vs Equifax Inc.

In the ever-evolving landscape of corporate finance, understanding the dynamics of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Cummins Inc. and Equifax Inc. have demonstrated contrasting trends in their SG&A expenditures. From 2014 to 2023, Cummins Inc. saw a steady increase in its SG&A costs, culminating in a 53% rise by 2023. This growth reflects the company's strategic investments in operations and market expansion.

Conversely, Equifax Inc. experienced a more volatile trajectory. While their SG&A expenses nearly doubled from 2014 to 2019, reaching a peak, they stabilized in the subsequent years. By 2023, Equifax's SG&A expenses had increased by 84% compared to 2014, indicating a focus on maintaining operational efficiency post-2019. These insights offer a window into the financial strategies of two industry giants, highlighting their unique approaches to managing operational costs.