SG&A Efficiency Analysis: Comparing CNH Industrial N.V. and American Airlines Group Inc.

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. This analysis juxtaposes CNH Industrial N.V. and American Airlines Group Inc., two industry titans, over a decade from 2014 to 2023.

Key Insights

American Airlines Group Inc. demonstrated a notable fluctuation in SG&A expenses, peaking in 2022 with a 29% increase from its 2014 figures. Conversely, CNH Industrial N.V. showed a more stable trajectory, with a 36% decrease in SG&A expenses from 2014 to 2023.

The Bigger Picture

While American Airlines faced a significant dip in 2020, likely due to the pandemic, it rebounded strongly by 2022. CNH Industrial's consistent reduction in expenses suggests a strategic focus on operational efficiency. This comparative analysis offers a window into how these companies navigate financial challenges and opportunities.