Selling, General, and Administrative Costs: Howmet Aerospace Inc. vs Rentokil Initial plc

A Tale of Two Companies: SG&A Expenses Over Time

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a crucial indicator of a company's operational efficiency. This chart compares the SG&A expenses of Howmet Aerospace Inc. and Rentokil Initial plc from 2014 to 2023. Over this period, Rentokil Initial plc consistently outpaced Howmet Aerospace Inc. in SG&A spending, peaking in 2023 with a staggering 2.87 billion, a 200% increase from its 2014 figures. In contrast, Howmet Aerospace Inc. saw a significant reduction, with expenses dropping by 55% from 2014 to 2020, before a slight recovery in 2023. This divergence highlights Rentokil's aggressive expansion strategy, while Howmet's cost-cutting measures reflect a focus on leaner operations. Understanding these trends provides valuable insights into each company's strategic priorities and market positioning.