Johnson & Johnson or Celldex Therapeutics, Inc.: Who Manages SG&A Costs Better?

SG&A Cost Management: J&J vs. Celldex

__timestampCelldex Therapeutics, Inc.Johnson & Johnson
Wednesday, January 1, 20142062200021954000000
Thursday, January 1, 20153383700021203000000
Friday, January 1, 20163597900019945000000
Sunday, January 1, 20172500300021420000000
Monday, January 1, 20181926900022540000000
Tuesday, January 1, 20191542600022178000000
Wednesday, January 1, 20201445600022084000000
Friday, January 1, 20212048800020118000000
Saturday, January 1, 20222719500019046000000
Sunday, January 1, 20233091400020112000000
Monday, January 1, 202421969000000
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Data in motion

SG&A Cost Management: A Tale of Two Companies

In the competitive world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Johnson & Johnson, a global healthcare giant, and Celldex Therapeutics, a smaller biotech firm, offer contrasting approaches. From 2014 to 2023, Johnson & Johnson consistently maintained SG&A expenses around $21 billion annually, showcasing a stable cost management strategy. In contrast, Celldex Therapeutics, with a more volatile expense pattern, saw a 50% increase in SG&A costs from 2014 to 2023, peaking at $31 million. This disparity highlights the challenges smaller firms face in scaling operations while managing costs. Johnson & Johnson's ability to keep expenses steady despite market fluctuations underscores its robust financial strategies. As the industry evolves, these insights into SG&A management could guide emerging biotech firms in optimizing their financial health.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025