SG&A Efficiency Analysis: Comparing Bristol-Myers Squibb Company and Ligand Pharmaceuticals Incorporated

SG&A Efficiency: Bristol-Myers vs. Ligand Pharmaceuticals

__timestampBristol-Myers Squibb CompanyLigand Pharmaceuticals Incorporated
Wednesday, January 1, 2014569900000022570000
Thursday, January 1, 2015500100000024378000
Friday, January 1, 2016500200000026621000
Sunday, January 1, 2017484900000028653000
Monday, January 1, 2018455100000037734000
Tuesday, January 1, 2019487100000041884000
Wednesday, January 1, 2020766100000064435000
Friday, January 1, 2021769000000057483000
Saturday, January 1, 2022781400000070062000
Sunday, January 1, 2023777200000052790000
Monday, January 1, 20248414000000
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Unveiling the hidden dimensions of data

SG&A Efficiency: A Tale of Two Companies

In the competitive landscape of pharmaceuticals, understanding operational efficiency is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Bristol-Myers Squibb Company and Ligand Pharmaceuticals Incorporated from 2014 to 2023.

Bristol-Myers Squibb Company

Bristol-Myers Squibb, a giant in the industry, has seen its SG&A expenses fluctuate over the years. Notably, 2020 marked a significant increase, with expenses peaking at approximately $7.7 billion, a 70% rise from 2018. This surge reflects strategic investments and expansions.

Ligand Pharmaceuticals Incorporated

In contrast, Ligand Pharmaceuticals, a smaller player, maintained a more stable SG&A expense profile. Despite a steady increase, their expenses in 2023 were around $52.8 million, highlighting a leaner operational model.

This comparison underscores the diverse strategies within the pharmaceutical sector, where scale and efficiency play pivotal roles in shaping financial outcomes.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025