SG&A Efficiency Analysis: Comparing Salesforce, Inc. and Fortive Corporation

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, Salesforce, Inc. and Fortive Corporation have showcased contrasting trajectories in their SG&A expenditures.

Salesforce, Inc.: A Growth Story

From 2014 to 2023, Salesforce's SG&A expenses surged by nearly 480%, reflecting its aggressive expansion strategy. By 2023, Salesforce's SG&A expenses reached approximately $16 billion, a testament to its commitment to scaling operations and capturing market share.

Fortive Corporation: Steady and Strategic

In contrast, Fortive Corporation's SG&A expenses grew by about 45% over the same period, peaking at around $2 billion in 2023. This steady growth indicates a more conservative approach, focusing on sustainable development and operational efficiency.

The Missing Year

Interestingly, data for Fortive in 2024 is missing, leaving room for speculation on its future strategy.