SG&A Efficiency Analysis: Comparing Honeywell International Inc. and Waste Connections, Inc.

SG&A Efficiency: A Tale of Two Companies

In the competitive landscape of corporate America, the efficiency of Selling, General, and Administrative (SG&A) expenses is a critical metric for evaluating a company's operational prowess. Over the past decade, Honeywell International Inc. and Waste Connections, Inc. have showcased contrasting trends in their SG&A expenses.

Honeywell, a giant in the industrial sector, saw its SG&A expenses fluctuate, peaking in 2018 and then declining by approximately 23% by 2023. This reduction reflects strategic cost management and operational efficiency improvements. In contrast, Waste Connections, a leader in waste management, experienced a steady increase in SG&A expenses, growing by nearly 250% from 2014 to 2023. This rise could indicate expansion efforts and increased operational scope.

These trends highlight the diverse strategies companies employ to manage their operational costs, offering valuable insights into their financial health and strategic priorities.