SAP SE or Teledyne Technologies Incorporated: Who Manages SG&A Costs Better?

SAP SE vs. Teledyne Technologies: A Decade of SG&A Management

In the ever-evolving landscape of global business, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, SAP SE and Teledyne Technologies Incorporated have demonstrated contrasting approaches to SG&A cost management.

From 2014 to 2023, SAP SE's SG&A expenses have seen a steady increase, peaking in 2022 with a 112% rise from 2014. This reflects SAP's strategic investments in expanding its global footprint and enhancing its product offerings. In contrast, Teledyne Technologies has maintained a more conservative approach, with SG&A expenses growing by approximately 97% over the same period.

While SAP SE's larger scale naturally incurs higher SG&A costs, Teledyne's disciplined expense management highlights its focus on operational efficiency. As businesses navigate the complexities of the modern economy, these insights offer valuable lessons in balancing growth with cost control.