Selling, General, and Administrative Costs: Deere & Company vs Fastenal Company

A Comparative Analysis of SG&A Expenses: Deere & Company vs Fastenal Company

In the ever-evolving landscape of corporate finance, understanding the nuances of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Deere & Company and Fastenal Company have showcased distinct trajectories in their SG&A expenditures. From 2014 to 2024, Deere & Company experienced a notable 37% increase in SG&A costs, peaking in 2024. In contrast, Fastenal Company saw a steady rise of approximately 70% over the same period, reflecting its strategic expansion efforts.

Key Insights

• Deere & Company: Despite fluctuations, Deere's SG&A expenses remained relatively stable, with a significant jump in 2024, indicating potential strategic investments or operational shifts.
• Fastenal Company: Fastenal's consistent growth in SG&A expenses suggests a focus on scaling operations and enhancing market presence.

This analysis underscores the importance of SG&A management in driving corporate growth and competitiveness.