SG&A Efficiency Analysis: Comparing CDW Corporation and Teradyne, Inc.

SG&A Efficiency: A Tale of Two Companies

In the competitive landscape of corporate America, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, CDW Corporation and Teradyne, Inc. have showcased contrasting trajectories in their SG&A expenditures.

CDW Corporation's Growth

From 2014 to 2023, CDW Corporation's SG&A expenses surged by approximately 138%, reflecting its aggressive expansion strategy. This increase, from $1.25 billion to nearly $3 billion, underscores CDW's commitment to scaling operations and enhancing market presence.

Teradyne, Inc.'s Steady Path

Conversely, Teradyne, Inc. maintained a more conservative growth, with SG&A expenses rising by about 79% over the same period. Starting at $320 million in 2014 and reaching $571 million in 2023, Teradyne's approach highlights a focus on efficiency and cost management.

These insights reveal the strategic priorities of each company, offering a window into their operational philosophies.