A Decade of SG&A: RTX Corporation vs. 3M Company

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, RTX Corporation and 3M Company have showcased intriguing trends in their SG&A expenditures. From 2014 to 2024, 3M's SG&A costs have fluctuated, peaking in 2023 with a staggering 165% increase compared to 2014. Meanwhile, RTX Corporation's expenses have been more stable, with a notable dip in 2023, marking a 38% decrease from its 2019 peak.

Key Insights

• 3M's Volatility: 3M's SG&A expenses saw significant volatility, with a sharp rise in 2023, indicating potential strategic shifts or market challenges.
• RTX's Stability: RTX maintained a more consistent SG&A trajectory, reflecting possibly more stable operational strategies.

These trends offer a window into the strategic priorities and market responses of these industrial giants, providing valuable insights for investors and analysts alike.