Walgreens Boots Alliance, Inc. or Galapagos NV: Who Manages SG&A Costs Better?

Managing SG&A Costs: Walgreens Boots Alliance vs. Galapagos NV

In the competitive world of business, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Walgreens Boots Alliance, Inc. and Galapagos NV, two giants in their respective industries, showcase contrasting approaches to SG&A management from 2014 to 2023. Walgreens consistently reported SG&A expenses around $23 billion annually, peaking at $28 billion in 2024. In contrast, Galapagos NV's expenses were significantly lower, averaging around $85 million, with a notable increase to $239 million in 2022. This stark difference highlights Walgreens' expansive operations compared to Galapagos' more streamlined approach. However, the absence of data for Galapagos in 2024 suggests a potential shift or restructuring. Understanding these trends offers valuable insights into how companies of different scales manage their operational costs, impacting their financial health and strategic decisions.