SG&A Efficiency Analysis: Comparing Fastenal Company and L3Harris Technologies, Inc.

SG&A Efficiency: Fastenal vs. L3Harris Over a Decade

__timestampFastenal CompanyL3Harris Technologies, Inc.
Wednesday, January 1, 20141110776000883000000
Thursday, January 1, 201511215900001105000000
Friday, January 1, 201611694700001150000000
Sunday, January 1, 201712828000001182000000
Monday, January 1, 201814002000001242000000
Tuesday, January 1, 201914594000002156000000
Wednesday, January 1, 202014274000003315000000
Friday, January 1, 202115598000003280000000
Saturday, January 1, 202217622000002998000000
Sunday, January 1, 202318258000001921000000
Monday, January 1, 202418919000003568000000
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Infusing magic into the data realm

SG&A Efficiency: A Tale of Two Companies

In the competitive landscape of corporate America, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Fastenal Company and L3Harris Technologies, Inc. offer a fascinating comparison over the past decade. From 2014 to 2023, Fastenal's SG&A expenses grew steadily, peaking at approximately $1.89 billion in 2023, marking a 70% increase from 2014. In contrast, L3Harris saw a more volatile trajectory, with expenses surging to a high of $3.32 billion in 2020 before declining to $1.92 billion in 2023. This fluctuation reflects strategic shifts and market dynamics impacting the defense and industrial sectors differently. Notably, L3Harris's data for 2024 is missing, indicating potential reporting delays or strategic changes. This analysis underscores the importance of efficient SG&A management in maintaining competitive advantage and profitability.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025