SG&A Efficiency Analysis: Comparing RTX Corporation and Honeywell International Inc.

SG&A Efficiency: A Tale of Two Giants

In the competitive landscape of aerospace and industrial sectors, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, RTX Corporation and Honeywell International Inc. have showcased distinct trends in their SG&A expenditures. From 2014 to 2023, RTX Corporation's SG&A expenses fluctuated, peaking in 2019, while Honeywell's expenses remained relatively stable, with a slight dip in 2023. Notably, RTX's expenses in 2023 were approximately 38% lower than their 2019 peak, indicating a significant cost optimization effort. Meanwhile, Honeywell's expenses in 2023 were about 16% lower than their 2018 high. These trends highlight the strategic financial maneuvers each company has employed to maintain competitive advantage. As we look to 2024, RTX's data suggests a rebound, while Honeywell's figures remain elusive, leaving room for speculation on their future strategies.