Selling, General, and Administrative Costs: Pfizer Inc. vs Xencor, Inc.

Pfizer vs. Xencor: A Decade of SG&A Strategies

__timestampPfizer Inc.Xencor, Inc.
Wednesday, January 1, 2014140970000007461000
Thursday, January 1, 20151480900000011960000
Friday, January 1, 20161483700000013108000
Sunday, January 1, 20171478400000017501000
Monday, January 1, 20181445500000022472000
Tuesday, January 1, 20191435000000024286000
Wednesday, January 1, 20201161500000029689000
Friday, January 1, 20211270300000038837000
Saturday, January 1, 20221367700000047489000
Sunday, January 1, 20231477100000053379000
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Unleashing insights

A Tale of Two Companies: Pfizer Inc. vs. Xencor, Inc.

In the world of pharmaceuticals, the financial strategies of companies can be as varied as their drug portfolios. Over the past decade, Pfizer Inc. and Xencor, Inc. have demonstrated contrasting approaches to managing Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Pfizer's SG&A expenses have consistently hovered around $14 billion annually, reflecting its expansive global operations and marketing efforts. In contrast, Xencor, a smaller biotech firm, has seen its SG&A costs grow from a modest $7 million in 2014 to over $53 million in 2023, marking a staggering 600% increase. This growth underscores Xencor's aggressive expansion and investment in its administrative capabilities. As these companies navigate the competitive landscape, their financial strategies offer a glimpse into their priorities and future directions.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025