Thomson Reuters Corporation or Rentokil Initial plc: Who Manages SG&A Costs Better?

SG&A Cost Management: A Tale of Two Companies

In the competitive world of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Thomson Reuters Corporation and Rentokil Initial plc, two giants in their respective industries, offer a fascinating study in contrasts. From 2014 to 2023, Thomson Reuters consistently reported higher SG&A expenses, peaking in 2014 with nearly 9.2 billion. However, by 2023, their expenses plummeted to just 64 million, marking a dramatic 99% reduction. In contrast, Rentokil Initial's SG&A expenses were more stable, with a notable spike in 2023 to 2.87 billion, a 500% increase from the previous year. This divergence highlights Rentokil's aggressive expansion strategy, while Thomson Reuters appears to have streamlined operations. Understanding these trends offers valuable insights into strategic financial management and operational efficiency.