SG&A Efficiency Analysis: Comparing Deere & Company and Nordson Corporation

SG&A Efficiency: A Decade of Insights

In the ever-evolving landscape of industrial giants, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Deere & Company and Nordson Corporation have showcased distinct trajectories in their SG&A spending. Deere & Company, a leader in agricultural machinery, has seen its SG&A expenses grow by approximately 37% from 2014 to 2024, peaking in 2024. This reflects strategic investments in innovation and market expansion. Meanwhile, Nordson Corporation, a key player in precision technology, experienced a more modest increase of around 40% over the same period, indicating a steady approach to operational efficiency. Notably, both companies faced fluctuations, with Deere's expenses dipping in 2015 and Nordson's peaking in 2024. These trends highlight the dynamic nature of SG&A management in response to market demands and economic conditions.