Comparing SG&A Expenses: Salesforce, Inc. vs Garmin Ltd. Trends and Insights

A Tale of Two Companies: SG&A Expenses Over Time

In the ever-evolving landscape of corporate finance, understanding the trends in Selling, General, and Administrative (SG&A) expenses is crucial for investors and analysts alike. This chart offers a fascinating glimpse into the financial strategies of two industry giants: Salesforce, Inc. and Garmin Ltd., from 2014 to 2023.

Salesforce, a leader in cloud-based software, has seen its SG&A expenses skyrocket by nearly 480% over the past decade, reflecting its aggressive growth and expansion strategies. In contrast, Garmin, known for its GPS technology, has maintained a more conservative growth trajectory, with a 94% increase in SG&A expenses during the same period.

The data reveals a stark contrast in financial strategies, with Salesforce's expenses peaking in 2023, while Garmin's expenses show a steady, albeit slower, rise. This divergence highlights the different paths these companies have taken in their quest for market dominance.