SG&A Expense Trends: Analog Devices, Inc. vs HubSpot, Inc.

In the ever-evolving landscape of technology, understanding the financial strategies of industry leaders is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Analog Devices, Inc. and HubSpot, Inc. from 2014 to 2023. Over this decade, Analog Devices saw a steady increase in SG&A expenses, peaking in 2023 with a 180% rise from 2014. HubSpot, on the other hand, exhibited a more dramatic growth, with expenses surging by over 1,200% in the same period, reflecting its aggressive expansion strategy.

Interestingly, 2023 marked a pivotal year where HubSpot's SG&A expenses slightly surpassed those of Analog Devices, highlighting its rapid growth trajectory. However, data for 2024 is incomplete, leaving room for speculation on future trends. This financial insight offers a glimpse into how these tech giants allocate resources to maintain their competitive edge.