Comparing SG&A Expenses: Honeywell vs. Booz Allen Hamilton

In the ever-evolving landscape of corporate finance, understanding the nuances of Selling, General, and Administrative (SG&A) expenses is crucial. Honeywell International Inc. and Booz Allen Hamilton Holding Corporation, two giants in their respective industries, offer a fascinating case study. From 2014 to 2023, Honeywell's SG&A expenses fluctuated, peaking in 2018 with a 10% increase from 2014, before declining by 16% in 2023. In contrast, Booz Allen Hamilton's expenses showed a steady upward trend, surging by nearly 95% over the same period. This divergence highlights Honeywell's strategic cost management and Booz Allen's growth-driven expenditure. Notably, 2024 data for Honeywell is missing, leaving room for speculation on future trends. As businesses navigate economic challenges, these insights into SG&A expenses provide valuable lessons in balancing growth and efficiency.