Palo Alto Networks, Inc. or Manhattan Associates, Inc.: Who Manages SG&A Costs Better?

SG&A Cost Management: A Tale of Two Companies

In the competitive landscape of tech and software, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Palo Alto Networks, Inc. and Manhattan Associates, Inc. have demonstrated contrasting approaches to SG&A cost management.

Palo Alto Networks, Inc.

From 2014 to 2024, Palo Alto Networks saw a staggering increase in SG&A expenses, rising from approximately $408 million to $3.475 billion. This represents an increase of over 750%, reflecting the company's aggressive growth strategy and expansion efforts.

Manhattan Associates, Inc.

Conversely, Manhattan Associates maintained a more conservative approach, with SG&A expenses growing from about $97 million to $166 million, a modest 71% increase. This indicates a focus on efficiency and cost control.

Conclusion

While Palo Alto Networks' strategy may fuel rapid growth, Manhattan Associates' disciplined cost management could offer a more sustainable path in the long run.