SG&A Efficiency Analysis: Comparing SAP SE and Texas Instruments Incorporated

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of global business, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. This analysis compares two industry titans: SAP SE and Texas Instruments Incorporated, from 2014 to 2023.

SAP SE, a leader in enterprise software, has seen its SG&A expenses grow by approximately 88% over the decade, peaking in 2022. This reflects its aggressive expansion and investment in innovation. In contrast, Texas Instruments, a stalwart in the semiconductor industry, maintained a more stable SG&A profile, with a modest 11% increase over the same period.

Interestingly, 2023 saw a slight dip in SAP's expenses, while Texas Instruments experienced a rise, hinting at strategic shifts. The data for 2024 is incomplete, leaving room for speculation on future trends. This comparison underscores the diverse strategies these companies employ to navigate their respective markets.