Who Optimizes SG&A Costs Better? Apple Inc. or Jabil Inc.

Optimizing SG&A: A Tale of Two Giants

In the competitive world of technology and manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Apple Inc. and Jabil Inc. have showcased contrasting strategies in optimizing these costs. From 2014 to 2024, Apple Inc. has seen its SG&A expenses grow by approximately 117%, reflecting its expansive growth and investment in innovation. In contrast, Jabil Inc. has maintained a more stable SG&A trajectory, with only a 72% increase over the same period.

Apple's SG&A expenses peaked in 2024, reaching nearly 2.6 times its 2014 levels, while Jabil's expenses showed a more modest rise, indicating a disciplined approach to cost management. This comparison highlights the different paths these companies have taken in balancing growth with operational efficiency. As investors and analysts look to the future, understanding these trends provides valuable insights into each company's strategic priorities.