Operational Costs Compared: SG&A Analysis of Cisco Systems, Inc. and Fortive Corporation

A Comparative Analysis of SG&A Expenses: Cisco vs. Fortive

In the ever-evolving tech landscape, operational efficiency is paramount. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Cisco Systems, Inc. and Fortive Corporation, from 2014 to 2023. Cisco, a leader in networking technology, consistently reported higher SG&A expenses, peaking at approximately $13.2 billion in 2024, reflecting a 15% increase from 2014. In contrast, Fortive, a diversified industrial technology company, saw its SG&A expenses rise by 46% over the same period, reaching around $2.2 billion in 2019. This disparity highlights Cisco's expansive operational scale compared to Fortive's more focused approach. Notably, data for Fortive in 2024 is missing, suggesting potential shifts in reporting or strategy. As these companies navigate the complexities of the digital age, understanding their cost structures offers valuable insights into their strategic priorities and market positioning.