SG&A Efficiency: A Tale of Two Companies

In the competitive landscape of aerospace and financial services, Howmet Aerospace Inc. and TransUnion stand out with their distinct approaches to managing Selling, General, and Administrative (SG&A) expenses. Over the past decade, Howmet Aerospace has seen a significant reduction in SG&A expenses, dropping from approximately $770 million in 2014 to $343 million in 2023. This represents a remarkable 55% decrease, showcasing their commitment to operational efficiency.

Conversely, TransUnion's SG&A expenses have surged by 169% over the same period, climbing from $436 million to $1.17 billion. This increase reflects their strategic investments in growth and expansion. The contrasting trends between these two giants highlight the diverse strategies companies employ to navigate their respective industries. As we delve deeper into these financial narratives, it becomes evident that efficiency and growth are not mutually exclusive but rather tailored to each company's unique goals and market conditions.