Who Optimizes SG&A Costs Better? Honeywell International Inc. or Deere & Company

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. Over the past decade, Honeywell International Inc. and Deere & Company have showcased distinct strategies in optimizing these costs. From 2014 to 2023, Honeywell's SG&A expenses fluctuated, peaking in 2018 at approximately $6 billion, before declining to around $4.7 billion in 2023. This represents a reduction of nearly 22% from its highest point. Meanwhile, Deere & Company demonstrated a more consistent approach, with expenses rising from $3.3 billion in 2014 to $4.5 billion in 2024, marking a 36% increase. Notably, Honeywell's data for 2024 is missing, leaving room for speculation on its future strategy. As these industry leaders continue to evolve, their ability to manage SG&A costs will remain a key indicator of their operational efficiency and financial health.