Who Optimizes SG&A Costs Better? Honeywell International Inc. or Clean Harbors, Inc.

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive landscape of industrial giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Honeywell International Inc. and Clean Harbors, Inc. have been at the forefront of this financial balancing act since 2014. Over the past decade, Honeywell's SG&A expenses have shown a downward trend, decreasing by approximately 16% from 2014 to 2023. In contrast, Clean Harbors has seen a significant increase of around 53% in the same period.

This divergence highlights Honeywell's strategic cost optimization, while Clean Harbors' rising expenses may reflect growth investments. As of 2023, Honeywell's SG&A expenses stand at about 4.7 billion, whereas Clean Harbors' expenses have reached approximately 671 million. This comparison underscores the different financial strategies employed by these industry leaders, offering valuable insights into their operational efficiencies.