Operational Costs Compared: SG&A Analysis of ASML Holding N.V. and Manhattan Associates, Inc.

A Comparative Analysis of SG&A Expenses: ASML vs. Manhattan Associates

In the ever-evolving landscape of global technology, operational efficiency is paramount. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: ASML Holding N.V. and Manhattan Associates, Inc., from 2014 to 2023. Over this decade, ASML's SG&A expenses surged by approximately 250%, reflecting its aggressive expansion and innovation strategies. In contrast, Manhattan Associates exhibited a more modest increase of around 70%, indicating a steady growth trajectory.

ASML's expenses peaked in 2023, reaching over three times that of Manhattan Associates, highlighting its significant investment in operational capabilities. Interestingly, while ASML's data for 2024 is missing, Manhattan Associates continues its upward trend, suggesting resilience and adaptability. This comparison underscores the diverse strategies employed by these companies in navigating the competitive tech industry, offering valuable insights into their operational priorities.