Who Optimizes SG&A Costs Better? Bristol-Myers Squibb Company or argenx SE

SG&A Cost Management: BMY vs. argenx SE

__timestampBristol-Myers Squibb Companyargenx SE
Wednesday, January 1, 201456990000004241601.57
Thursday, January 1, 201550010000005392385.38
Friday, January 1, 201650020000007370036.73
Sunday, January 1, 2017484900000014970357
Monday, January 1, 2018455100000031413266
Tuesday, January 1, 2019487100000072279461
Wednesday, January 1, 20207661000000183907682
Friday, January 1, 20217690000000307644000
Saturday, January 1, 20227814000000472132000
Sunday, January 1, 20237772000000709539000
Monday, January 1, 20248414000000
Loading chart...

Unveiling the hidden dimensions of data

Optimizing SG&A Costs: A Tale of Two Companies

In the competitive world of pharmaceuticals, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Bristol-Myers Squibb Company (BMY) and argenx SE (ARGX) offer a fascinating study in contrasts over the past decade. From 2014 to 2023, BMY's SG&A expenses have consistently been higher, peaking at approximately $7.8 billion in 2022. In contrast, argenx SE, a smaller player, has seen its SG&A costs rise from a modest $4.2 million in 2014 to $709 million in 2023, reflecting its rapid growth.

While BMY's expenses have grown by about 36% over this period, argenx SE's have skyrocketed by over 16,600%, highlighting its aggressive expansion strategy. This data underscores the different stages and strategies of these companies, with BMY focusing on maintaining its market position and argenx SE on scaling up its operations.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025