Thomson Reuters Corporation and Ferguson plc: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Giants

In the ever-evolving landscape of corporate finance, understanding the spending patterns of industry leaders is crucial. Over the past decade, Ferguson plc and Thomson Reuters Corporation have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Ferguson plc's SG&A expenses surged by over 1000%, peaking at approximately $6 billion in 2023. This growth reflects their aggressive expansion and strategic investments.

Conversely, Thomson Reuters Corporation experienced a dramatic decline, with SG&A expenses plummeting by over 99% from 2014 to 2023. This sharp decrease suggests a significant restructuring or divestment strategy. Notably, data for 2024 is missing for Thomson Reuters, indicating potential changes in reporting or operational shifts.

These divergent paths highlight the dynamic nature of corporate strategies and the importance of adapting to market demands. As these companies navigate the future, their SG&A spending will continue to be a key indicator of their strategic priorities.