SG&A Spending Patterns: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, understanding the spending patterns of industry leaders can offer valuable insights. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Thomson Reuters Corporation and CNH Industrial N.V. from 2014 to 2023.

A Decade of Change

Over the past decade, Thomson Reuters has seen a dramatic 99% reduction in SG&A expenses, plummeting from a peak in 2014 to a mere fraction by 2023. This significant decrease reflects strategic cost-cutting measures and a shift towards digital transformation.

Conversely, CNH Industrial's SG&A expenses have been more stable, with a modest 36% decline over the same period. This steadiness suggests a consistent investment in operational efficiency and market expansion.

Key Takeaways

While both companies have reduced their SG&A expenses, Thomson Reuters' aggressive cuts highlight a transformative approach, whereas CNH Industrial's steady decline underscores a focus on sustainable growth.