SG&A Efficiency Analysis: Comparing Howmet Aerospace Inc. and AECOM

SG&A Efficiency: A Tale of Two Giants

In the competitive landscape of aerospace and engineering, Howmet Aerospace Inc. and AECOM stand as titans. From 2014 to 2023, these companies have showcased distinct strategies in managing Selling, General, and Administrative (SG&A) expenses. Howmet Aerospace Inc. consistently reported higher SG&A expenses, peaking at approximately $947 million in 2016, while AECOM's expenses reached their zenith in 2020 at around $189 million. This disparity highlights Howmet's expansive operational scale compared to AECOM. However, AECOM's expenses have shown a steady increase, reflecting a growth trajectory. Notably, Howmet's expenses saw a significant drop post-2020, indicating strategic cost management or operational shifts. The absence of 2024 data for Howmet suggests potential reporting delays or strategic changes. This analysis underscores the importance of SG&A efficiency in maintaining competitive advantage in dynamic industries.