Operational Costs Compared: SG&A Analysis of Bristol-Myers Squibb Company and Agios Pharmaceuticals, Inc.

SG&A Trends: Bristol-Myers Squibb vs. Agios Pharmaceuticals

__timestampAgios Pharmaceuticals, Inc.Bristol-Myers Squibb Company
Wednesday, January 1, 2014191200005699000000
Thursday, January 1, 2015359920005001000000
Friday, January 1, 2016507140005002000000
Sunday, January 1, 2017711240004849000000
Monday, January 1, 20181141450004551000000
Tuesday, January 1, 20191320340004871000000
Wednesday, January 1, 20201490700007661000000
Friday, January 1, 20211214450007690000000
Saturday, January 1, 20221216730007814000000
Sunday, January 1, 20231199030007772000000
Monday, January 1, 20241567840008414000000
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A Decade of SG&A: Bristol-Myers Squibb vs. Agios Pharmaceuticals

In the ever-evolving pharmaceutical industry, operational efficiency is key to maintaining a competitive edge. Over the past decade, Bristol-Myers Squibb Company and Agios Pharmaceuticals, Inc. have demonstrated contrasting approaches to managing Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Bristol-Myers Squibb consistently allocated a significant portion of its budget to SG&A, peaking at approximately $7.8 billion in 2022. This reflects a strategic focus on robust marketing and administrative frameworks, essential for a global pharmaceutical giant.

Conversely, Agios Pharmaceuticals, a smaller player, saw its SG&A expenses grow from $19 million in 2014 to around $120 million in 2023, marking a substantial increase of over 500%. This growth underscores Agios's expansion efforts and its commitment to scaling operations. The data highlights the diverse strategies employed by these companies in navigating the complex pharmaceutical landscape.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025