Selling, General, and Administrative Costs: Honeywell International Inc. vs Verisk Analytics, Inc.

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

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 Verisk Analytics, Inc. have showcased distinct trajectories in their SG&A expenditures. From 2014 to 2023, Honeywell's SG&A costs have seen a decline of approximately 16%, from a peak of $5.5 billion in 2014 to $4.7 billion in 2023. This trend reflects Honeywell's strategic cost management and operational efficiency.

Conversely, Verisk Analytics has experienced a 71% increase in SG&A expenses, rising from $227 million in 2014 to $389 million in 2023. This growth underscores Verisk's expansion and investment in administrative capabilities. The contrasting trends between these two industry giants highlight the diverse strategies companies employ to navigate financial challenges and opportunities. As businesses continue to adapt, monitoring these expenses remains a key indicator of corporate health and strategy.