SG&A Efficiency Analysis: Comparing Eli Lilly and Company and Bristol-Myers Squibb Company

SG&A Trends: Eli Lilly vs. Bristol-Myers Squibb

__timestampBristol-Myers Squibb CompanyEli Lilly and Company
Wednesday, January 1, 201456990000006620800000
Thursday, January 1, 201550010000006533000000
Friday, January 1, 201650020000006452000000
Sunday, January 1, 201748490000006588100000
Monday, January 1, 201845510000005975100000
Tuesday, January 1, 201948710000006213800000
Wednesday, January 1, 202076610000006121200000
Friday, January 1, 202176900000006431600000
Saturday, January 1, 202278140000006440400000
Sunday, January 1, 202377720000006941200000
Monday, January 1, 202484140000008593800000
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Igniting the spark of knowledge

SG&A Efficiency: A Tale of Two Pharmaceutical Giants

In the competitive landscape of the pharmaceutical industry, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Eli Lilly and Company and Bristol-Myers Squibb Company have demonstrated contrasting trends in their SG&A efficiency. From 2014 to 2023, Eli Lilly consistently maintained higher SG&A expenses, peaking at approximately $6.94 billion in 2023. In contrast, Bristol-Myers Squibb's SG&A expenses fluctuated more dramatically, with a notable increase of nearly 70% from 2018 to 2020, reaching a high of $7.81 billion in 2022. This divergence highlights Eli Lilly's steady approach versus Bristol-Myers Squibb's more variable strategy. Understanding these trends provides valuable insights into each company's operational focus and strategic priorities, offering a window into their financial health and market positioning.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025