Thomson Reuters Corporation or Old Dominion Freight Line, Inc.: Who Manages SG&A Costs Better?

SG&A Cost Management: A Tale of Two Companies

In the competitive landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. This analysis compares the SG&A cost management of Thomson Reuters Corporation and Old Dominion Freight Line, Inc. from 2014 to 2023.

Thomson Reuters Corporation

Thomson Reuters, a global leader in information services, has seen a significant reduction in SG&A expenses over the years. From a high of $9.2 billion in 2014, the company managed to cut costs by approximately 99% to just $64 million in 2023. This dramatic decrease reflects strategic cost-cutting measures and operational efficiencies.

Old Dominion Freight Line, Inc.

Conversely, Old Dominion Freight Line, a prominent player in the freight industry, experienced a steady increase in SG&A expenses. Starting at $145 million in 2014, their costs rose by 94% to $281 million in 2023. This growth aligns with the company's expansion and increased operational scale.

In conclusion, while Thomson Reuters has excelled in reducing SG&A costs, Old Dominion's increase reflects its growth trajectory.