Amgen Inc. or Arrowhead Pharmaceuticals, Inc.: Who Manages SG&A Costs Better?

Amgen vs. Arrowhead: A Decade of SG&A Cost Management

__timestampAmgen Inc.Arrowhead Pharmaceuticals, Inc.
Wednesday, January 1, 2014469900000024419536
Thursday, January 1, 2015484600000034718089
Friday, January 1, 2016506200000040998209
Sunday, January 1, 2017487000000032022880
Monday, January 1, 2018533200000019110051
Tuesday, January 1, 2019515000000026556257
Wednesday, January 1, 2020573000000052275890
Friday, January 1, 2021536800000080981000
Saturday, January 1, 20225414000000124431000
Sunday, January 1, 2023617900000090932000
Monday, January 1, 202498761000
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Managing SG&A Costs: Amgen Inc. vs. Arrowhead Pharmaceuticals, Inc.

In the competitive landscape of the pharmaceutical industry, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Amgen Inc. and Arrowhead Pharmaceuticals, Inc. have demonstrated contrasting approaches to SG&A cost management.

From 2014 to 2023, Amgen's SG&A expenses have shown a steady increase, peaking at approximately $6.2 billion in 2023, reflecting a 31% rise from 2014. In contrast, Arrowhead Pharmaceuticals, Inc. has maintained a more conservative approach, with expenses growing from $24 million in 2014 to $91 million in 2023, marking a significant increase but still a fraction of Amgen's costs.

This disparity highlights Amgen's expansive operational scale compared to Arrowhead's more focused strategy. As the industry evolves, these companies' ability to manage SG&A costs effectively will be pivotal in sustaining their competitive edge.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025