SG&A Efficiency Analysis: Comparing Intel Corporation and Leidos Holdings, Inc.

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of corporate America, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Over the past decade, Intel Corporation and Leidos Holdings, Inc. have showcased contrasting trends in their SG&A expenditures.

Intel Corporation: A Decline in SG&A

From 2014 to 2023, Intel's SG&A expenses have seen a notable decline of approximately 31%, from $8.1 billion to $5.6 billion. This reduction reflects Intel's strategic focus on cost efficiency and operational optimization, crucial in maintaining its competitive edge in the semiconductor industry.

Leidos Holdings, Inc.: A Steady Climb

Conversely, Leidos Holdings has experienced a 204% increase in SG&A expenses, rising from $310 million in 2014 to $942 million in 2023. This growth aligns with Leidos' expansion in the defense and technology sectors, underscoring its commitment to scaling operations and enhancing service delivery.

These trends highlight the diverse strategies employed by these industry leaders in managing their operational costs.