Apple Inc. or II-VI Incorporated: Who Manages SG&A Costs Better?

Apple Inc. vs. II-VI Incorporated: A Tale of SG&A Management

In the ever-evolving landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. From 2014 to 2023, Apple Inc. and II-VI Incorporated have showcased contrasting approaches to SG&A management. Apple, a tech giant, has seen its SG&A expenses grow by approximately 117%, reflecting its expansive global operations and marketing strategies. In contrast, II-VI Incorporated, a leader in engineered materials, has experienced a staggering 653% increase in SG&A costs, indicating significant investments in growth and development.

While Apple's expenses are significantly higher in absolute terms, the percentage increase for II-VI suggests a more aggressive expansion strategy. Notably, 2023 marked a peak for II-VI with over a billion in SG&A expenses, a testament to its ambitious growth trajectory. As we look to the future, the absence of 2024 data for II-VI leaves room for speculation on its strategic direction.