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

In the ever-evolving landscape of global business, understanding the financial strategies of leading companies is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of ZTO Express (Cayman) Inc. and ITT Inc. from 2014 to 2023. Over this period, ZTO Express has seen a staggering 354% increase in SG&A expenses, reflecting its aggressive expansion strategy in the logistics sector. In contrast, ITT Inc.'s expenses have remained relatively stable, with a slight decline of 8% over the same period, indicating a more conservative approach.

Key Insights

• ZTO Express: From 2014 to 2023, SG&A expenses surged from approximately $534 million to $2.43 billion.
• ITT Inc.: Expenses fluctuated, peaking in 2014 at $519 million and reaching a low in 2020 at $347 million.

These trends highlight the contrasting growth strategies of these two industry giants.