SG&A Efficiency Analysis: Comparing Fortinet, Inc. and Corning Incorporated

SG&A Efficiency: A Tale of Two Companies

In the ever-evolving landscape of corporate finance, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Fortinet, Inc. and Corning Incorporated have showcased contrasting trajectories in their SG&A expenditures.

From 2014 to 2023, Corning's SG&A expenses grew by approximately 52%, peaking in 2022. Meanwhile, Fortinet's expenses surged by over 520%, reflecting its aggressive growth strategy. By 2023, Fortinet's SG&A expenses surpassed Corning's, highlighting its rapid expansion.

This analysis underscores the strategic differences between a tech giant like Fortinet, focusing on scaling operations, and a manufacturing stalwart like Corning, maintaining steady growth. Investors and analysts should consider these trends when evaluating the operational efficiency and strategic direction of these companies.

Understanding these dynamics offers valuable insights into how companies allocate resources to drive growth and maintain competitive advantage.