Selling, General, and Administrative Costs: Cummins Inc. vs ZTO Express (Cayman) Inc.

A Comparative Analysis of SG&A Expenses: Cummins Inc. vs. ZTO Express

In the ever-evolving landscape of global business, understanding the financial dynamics of industry leaders is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two prominent companies: Cummins Inc., a leader in power solutions, and ZTO Express, a major player in the logistics sector. From 2014 to 2023, Cummins Inc. consistently outpaced ZTO Express in SG&A expenses, reflecting its expansive operational scale. Notably, Cummins saw a 53% increase in these costs over the decade, peaking in 2023. Meanwhile, ZTO Express experienced a remarkable 354% surge, indicative of its rapid growth and expansion in the logistics market. This financial trajectory highlights the contrasting business strategies and market conditions faced by these giants. As businesses navigate the complexities of the modern economy, such insights are invaluable for stakeholders and investors alike.