Intuit Inc. or NetApp, Inc.: Who Manages SG&A Costs Better?

Intuit Inc. vs. NetApp, Inc.: A Decade 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. Over the past decade, Intuit Inc. and NetApp, Inc. have demonstrated contrasting approaches to SG&A cost management. From 2014 to 2024, Intuit's SG&A expenses surged by approximately 225%, reflecting its aggressive growth strategy. In contrast, NetApp maintained a more stable trajectory, with only a 2% increase over the same period.

Intuit's significant rise in SG&A expenses, peaking at $5.73 billion in 2024, underscores its investment in expansion and innovation. Meanwhile, NetApp's consistent expenses, averaging around $2.1 billion annually, highlight its focus on operational efficiency. This comparison offers valuable insights into how these tech giants prioritize growth and efficiency, providing a roadmap for investors and industry analysts alike.