Sanofi or Vertex Pharmaceuticals Incorporated: Who Manages SG&A Costs Better?

Sanofi vs. Vertex: A Decade of SG&A Cost Management

__timestampSanofiVertex Pharmaceuticals Incorporated
Wednesday, January 1, 20148565000000305409000
Thursday, January 1, 20159496000000377080000
Friday, January 1, 20169592000000432829000
Sunday, January 1, 201710164000000496079000
Monday, January 1, 20189934000000557616000
Tuesday, January 1, 20199883000000658498000
Wednesday, January 1, 20209390000000770456000
Friday, January 1, 20219555000000840100000
Saturday, January 1, 202210539000000944700000
Sunday, January 1, 2023107650000001136600000
Monday, January 1, 202491830000001464300000
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Managing SG&A Costs: Sanofi vs. Vertex Pharmaceuticals

In the competitive world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Sanofi and Vertex Pharmaceuticals have demonstrated contrasting approaches to SG&A cost management. From 2014 to 2023, Sanofi's SG&A expenses have consistently been higher, averaging around 9.8 billion annually, while Vertex Pharmaceuticals maintained a leaner structure with an average of 652 million. Despite Sanofi's larger scale, Vertex's ability to keep SG&A costs at approximately 7% of Sanofi's expenses highlights its efficiency. Notably, Vertex's SG&A expenses grew by 272% over the period, reflecting its rapid expansion and investment in growth. In contrast, Sanofi's expenses increased by 26%, indicating a more stable approach. This comparison underscores the strategic differences in cost management between a global giant and a nimble innovator in the pharmaceutical industry.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025