Who Optimizes SG&A Costs Better? Analog Devices, Inc. or Corpay, Inc.

Optimizing SG&A Costs: A Tale of Two Companies

In the competitive landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Analog Devices, Inc. and Corpay, Inc. have demonstrated distinct strategies in optimizing these costs. From 2014 to 2023, Analog Devices saw a 180% increase in SG&A expenses, peaking in 2023. Meanwhile, Corpay's expenses grew by 235%, reaching their highest in 2023. Despite Corpay's higher growth rate, Analog Devices consistently maintained higher absolute expenses, indicating a larger operational scale. Notably, 2024 data for Corpay is missing, suggesting potential reporting delays or strategic shifts. This analysis highlights the importance of efficient cost management in sustaining competitive advantage and profitability. As businesses navigate economic uncertainties, understanding these trends offers valuable insights into corporate financial strategies.