SG&A Efficiency Analysis: Comparing RTX Corporation and Northrop Grumman Corporation

SG&A Efficiency: A Decade of Insights

In the competitive landscape of aerospace and defense, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, RTX Corporation and Northrop Grumman Corporation have shown distinct trends in their SG&A spending. From 2014 to 2023, Northrop Grumman's SG&A expenses increased by approximately 67%, peaking in 2023. In contrast, RTX Corporation's expenses fluctuated, with a notable 53% decrease from 2019 to 2023. This divergence highlights strategic differences in managing operational costs. Notably, RTX's expenses dropped significantly post-2019, possibly reflecting restructuring or efficiency improvements. Missing data for 2024 suggests ongoing adjustments. These insights offer a window into how these industry giants navigate financial strategies amidst evolving market conditions.