SG&A Efficiency Analysis: Comparing Honeywell International Inc. and Rockwell Automation, Inc.

SG&A Efficiency: A Tale of Two Giants

In the competitive landscape of industrial giants, Honeywell International Inc. and Rockwell Automation, Inc. have long been at the forefront. Over the past decade, their Selling, General, and Administrative (SG&A) expenses have revealed intriguing insights into their operational efficiencies. From 2014 to 2023, Honeywell's SG&A expenses fluctuated, peaking in 2018 and then declining by approximately 23% by 2023. In contrast, Rockwell Automation's expenses showed a steady upward trend, increasing by nearly 29% over the same period.

This divergence highlights differing strategic priorities. Honeywell's reduction in SG&A expenses suggests a focus on cost optimization, while Rockwell's increase may indicate investment in growth and expansion. Notably, 2023 saw Rockwell surpass Honeywell in SG&A expenses, a first in this period. As we look to the future, these trends may offer clues about each company's evolving strategies in a rapidly changing industrial landscape.