Selling, General, and Administrative Costs: Honeywell International Inc. vs Fastenal Company

A Comparative Analysis of SG&A Expenses: Honeywell vs. Fastenal

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, Honeywell International Inc. and Fastenal Company have showcased distinct trajectories in their SG&A expenditures. From 2014 to 2023, Honeywell's SG&A expenses fluctuated, peaking in 2018 with a 10% increase from 2014, before declining by 15% by 2023. In contrast, Fastenal demonstrated a consistent upward trend, with a remarkable 70% increase over the same period. This divergence highlights Honeywell's strategic cost management amidst market challenges, while Fastenal's growth reflects its expanding operational scale. Notably, 2024 data for Honeywell remains unavailable, suggesting potential strategic shifts. As businesses navigate economic uncertainties, these insights into SG&A trends offer valuable lessons in balancing growth and efficiency.

Strategic Cost Management: A Decade of Insights