Fiserv, Inc. or Amphenol Corporation: Who Manages SG&A Costs Better?

Managing SG&A Costs: A Tale of Two Giants

In the competitive landscape of corporate America, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Fiserv, Inc. and Amphenol Corporation, two industry leaders, have shown contrasting trends in their SG&A management from 2014 to 2023.

Amphenol Corporation has demonstrated a steady increase in SG&A expenses, growing approximately 188% over the decade. This consistent rise reflects their strategic investments in operational efficiency and market expansion. In contrast, Fiserv, Inc. experienced a dramatic surge, with SG&A costs skyrocketing by over 570% from 2014 to 2023. This sharp increase, particularly post-2018, suggests significant restructuring or acquisitions.

While Amphenol's approach appears more controlled, Fiserv's aggressive strategy might indicate a bold growth trajectory. However, the absence of 2024 data for Fiserv leaves room for speculation on their future cost management strategies.