ZTO Express (Cayman) Inc. and AECOM: SG&A Spending Patterns Compared

SG&A Spending Patterns: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, understanding the spending patterns of industry giants can offer invaluable insights. AECOM, a global infrastructure firm, and ZTO Express, a leading Chinese logistics company, present a fascinating study in contrasts. From 2014 to 2023, AECOM's Selling, General, and Administrative (SG&A) expenses grew steadily, peaking at approximately 160 million USD in 2024. Meanwhile, ZTO Express exhibited a more dramatic trajectory, with SG&A expenses surging by over 350% from 2014 to 2023, reaching nearly 2.43 billion USD. This stark difference highlights ZTO's aggressive expansion strategy in the logistics sector, compared to AECOM's more measured approach. Notably, data for ZTO in 2024 is missing, leaving room for speculation on future trends. As these companies navigate their respective markets, their SG&A spending patterns offer a window into their strategic priorities and operational efficiencies.