Who Optimizes SG&A Costs Better? Pfizer Inc. or Neurocrine Biosciences, Inc.

Pfizer vs. Neurocrine: A Decade of SG&A Cost Strategies

__timestampNeurocrine Biosciences, Inc.Pfizer Inc.
Wednesday, January 1, 20141798600014097000000
Thursday, January 1, 20153248000014809000000
Friday, January 1, 20166808100014837000000
Sunday, January 1, 201716990600014784000000
Monday, January 1, 201824893200014455000000
Tuesday, January 1, 201935410000014350000000
Wednesday, January 1, 202043330000011615000000
Friday, January 1, 202158330000012703000000
Saturday, January 1, 202275270000013677000000
Sunday, January 1, 202388760000014771000000
Monday, January 1, 2024100720000014730000000
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Infusing magic into the data realm

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. Over the past decade, Pfizer Inc. and Neurocrine Biosciences, Inc. have taken different paths in optimizing these costs. From 2014 to 2023, Pfizer's SG&A expenses have remained relatively stable, fluctuating around $14 billion annually. In contrast, Neurocrine Biosciences has seen a dramatic increase, with expenses growing from $18 million in 2014 to nearly $888 million in 2023, a staggering 4,800% rise.

This divergence highlights the different growth strategies of these companies. While Pfizer maintains a steady approach, Neurocrine's rapid expansion reflects its aggressive investment in growth and development. Understanding these trends provides valuable insights into how each company navigates the financial landscape, offering lessons in strategic cost management.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025