Who Optimizes SG&A Costs Better? Honeywell International Inc. or Ryanair Holdings plc

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive world of business, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Honeywell International Inc. and Ryanair Holdings plc, two industry leaders, showcase contrasting strategies in this domain. From 2014 to 2023, Honeywell's SG&A expenses fluctuated, peaking in 2018 and then declining by approximately 23% by 2023. In contrast, Ryanair's expenses steadily increased, more than tripling over the same period. This divergence highlights Honeywell's focus on cost optimization, while Ryanair's growth strategy may involve higher operational costs. Notably, 2024 data for Honeywell is missing, leaving room for speculation on their future strategy. As businesses navigate economic challenges, understanding these trends offers valuable insights into effective cost management.