SG&A Efficiency Analysis: Comparing Insmed Incorporated and MorphoSys AG

Biotech Giants' SG&A Efficiency: A Decade of Divergence

__timestampInsmed IncorporatedMorphoSys AG
Wednesday, January 1, 2014310730009689000
Thursday, January 1, 20154321600010431000
Friday, January 1, 2016506790009618000
Sunday, January 1, 20177917100012348000
Monday, January 1, 201816821800028310241
Tuesday, January 1, 201921079600059336147
Wednesday, January 1, 2020203613000159145941
Friday, January 1, 2021234273000199800000
Saturday, January 1, 202226578400090225000
Sunday, January 1, 202334450100092538000
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Unveiling the hidden dimensions of data

SG&A Efficiency: A Tale of Two Biotechs

In the competitive world of biotechnology, Insmed Incorporated and MorphoSys AG have been on a fascinating journey of financial efficiency. Over the past decade, Insmed has consistently outpaced MorphoSys in terms of Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Insmed's SG&A expenses surged by over 1,000%, peaking at approximately $345 million in 2023. In contrast, MorphoSys saw a more modest increase, with expenses rising by around 850% to nearly $93 million in the same period.

A Decade of Growth

This trend highlights Insmed's aggressive expansion strategy, investing heavily in administrative and sales functions to capture market share. Meanwhile, MorphoSys has maintained a more conservative approach, focusing on sustainable growth. As these companies continue to evolve, their SG&A efficiency will be a critical factor in their long-term success.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025