Selling, General, and Administrative Costs: XPO Logistics, Inc. vs Allegion plc

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

In the ever-evolving landscape of logistics and security solutions, XPO Logistics, Inc. and Allegion plc have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses from 2014 to 2023. XPO Logistics, a leader in transportation and logistics, saw its SG&A expenses peak in 2020, reaching a staggering 2.17 billion, before plummeting to just 167 million in 2023. This dramatic 92% decrease highlights a strategic shift or operational efficiency gains.

Conversely, Allegion plc, a global pioneer in security products, experienced a steady rise in SG&A expenses, culminating in an impressive 865 million in 2023, marking a 64% increase from 2014. This upward trend may reflect Allegion's investment in innovation and market expansion. These divergent paths underscore the dynamic nature of corporate strategies in response to market demands and economic conditions.