Cisco Systems, Inc. or Texas Instruments Incorporated: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Cisco or Texas Instruments?

In the competitive landscape of technology giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Cisco Systems, Inc. and Texas Instruments Incorporated have demonstrated contrasting approaches to SG&A management. From 2014 to 2024, Cisco's SG&A expenses have shown a steady increase, peaking at approximately $13.2 billion in 2024, reflecting a 15% rise from 2014. In contrast, Texas Instruments has maintained a more stable SG&A cost structure, with expenses fluctuating around $1.7 billion, showing a modest 3% decrease over the same period. This suggests that Texas Instruments has been more effective in controlling its SG&A costs relative to its revenue, potentially offering a leaner operational model. As investors and analysts evaluate these companies, understanding their cost management strategies provides valuable insights into their financial health and operational efficiency.