SG&A Efficiency Analysis: Comparing U-Haul Holding Company and Nordson Corporation

SG&A Efficiency: A Tale of Two Companies

In the world of corporate finance, Selling, General, and Administrative (SG&A) expenses are a critical measure of operational efficiency. Over the past decade, Nordson Corporation and U-Haul Holding Company have showcased contrasting trends in their SG&A expenses. From 2014 to 2024, Nordson's SG&A expenses have seen a steady increase, peaking in 2024 with a 40% rise from 2014. In contrast, U-Haul's expenses have fluctuated, with a notable 87% decrease from 2014 to 2024. This divergence highlights Nordson's consistent investment in administrative functions, while U-Haul appears to be optimizing its operational costs. Such insights are invaluable for investors and analysts seeking to understand the financial strategies of these industry giants. As we move forward, the efficiency of SG&A management will continue to play a pivotal role in shaping the financial health and competitive edge of these companies.