Selling, General, and Administrative Costs: PACCAR Inc vs ZTO Express (Cayman) Inc.

A Comparative Analysis of SG&A Expenses: PACCAR Inc vs ZTO Express

In the ever-evolving landscape of global business, understanding the financial dynamics of industry leaders is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two giants: PACCAR Inc, a leading manufacturer of commercial vehicles, and ZTO Express, a prominent player in the logistics sector. From 2014 to 2023, PACCAR Inc's SG&A expenses have shown a steady increase, peaking in 2023 with a 40% rise from 2014. Meanwhile, ZTO Express has experienced a staggering 354% growth in the same period, reflecting its rapid expansion in the logistics market. Notably, 2024 data for ZTO Express is missing, indicating potential reporting delays or strategic shifts. This financial trajectory highlights the contrasting growth strategies of these companies, offering valuable insights for investors and industry analysts alike.