Who Optimizes SG&A Costs Better? Deere & Company or Northrop Grumman Corporation

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive landscape of industrial giants, Deere & Company and Northrop Grumman Corporation stand out for their strategic management of Selling, General, and Administrative (SG&A) expenses. Over the past decade, from 2014 to 2023, these two companies have showcased their prowess in cost optimization, albeit with varying strategies and outcomes.

Deere & Company, renowned for its agricultural machinery, has seen a steady increase in SG&A expenses, peaking in 2024 with a 37% rise from 2014. This trend reflects their aggressive expansion and investment in innovation. In contrast, Northrop Grumman, a leader in aerospace and defense, maintained a more conservative approach, with a 67% increase in SG&A expenses by 2023, indicating a focus on efficiency and streamlined operations.

While Deere's expenses surged in 2024, Northrop Grumman's data for the same year remains elusive, leaving room for speculation on their strategic moves. This comparison offers a fascinating glimpse into how industry leaders navigate financial management in a dynamic market.