SG&A Efficiency Analysis: Comparing TransUnion and CNH Industrial N.V.

SG&A Efficiency: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. This analysis delves into the SG&A trends of TransUnion and CNH Industrial N.V. from 2014 to 2023.

TransUnion's Steady Climb

TransUnion has demonstrated a consistent increase in SG&A expenses, rising from approximately $436 million in 2014 to a peak of $1.34 billion in 2022. This represents a growth of over 200%, reflecting the company's strategic investments in operational expansion and market penetration.

CNH Industrial's Fluctuating Path

Conversely, CNH Industrial N.V. experienced a more volatile trajectory. Starting at $2.93 billion in 2014, their SG&A expenses saw a significant dip to $1.75 billion in 2022, a reduction of around 40%. This fluctuation may indicate strategic cost-cutting measures or shifts in business focus.

Conclusion

These contrasting trends highlight the diverse strategies employed by these industry giants in managing their operational costs.