SG&A Efficiency Analysis: Comparing Cummins Inc. and Global Payments 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. Over the past decade, Cummins Inc. and Global Payments Inc. have showcased contrasting trajectories in their SG&A expenditures.

From 2014 to 2023, Cummins Inc. saw a steady increase in SG&A expenses, peaking at approximately 3.2 billion in 2023, marking a 53% rise from 2014. This growth reflects Cummins' strategic investments in operational efficiency and market expansion. Conversely, Global Payments Inc. experienced a more dramatic surge, with SG&A expenses tripling over the same period, reaching over 4 billion in 2023. This 214% increase underscores the company's aggressive growth strategy and adaptation to the digital payments revolution.

These trends highlight the diverse approaches companies take in managing operational costs, offering valuable insights for investors and industry analysts alike.