| __timestamp | BioMarin Pharmaceutical Inc. | Zoetis Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 302156000 | 1643000000 |
| Thursday, January 1, 2015 | 402271000 | 1532000000 |
| Friday, January 1, 2016 | 476593000 | 1364000000 |
| Sunday, January 1, 2017 | 554336000 | 1334000000 |
| Monday, January 1, 2018 | 604353000 | 1484000000 |
| Tuesday, January 1, 2019 | 680924000 | 1638000000 |
| Wednesday, January 1, 2020 | 737669000 | 1726000000 |
| Friday, January 1, 2021 | 759375000 | 2001000000 |
| Saturday, January 1, 2022 | 854009000 | 2009000000 |
| Sunday, January 1, 2023 | 937300000 | 2151000000 |
| Monday, January 1, 2024 | 1009025000 | 2318000000 |
Unleashing insights
In the competitive landscape of the pharmaceutical industry, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Zoetis Inc. and BioMarin Pharmaceutical Inc. have shown distinct approaches to handling these costs. From 2014 to 2023, Zoetis Inc. consistently reported higher SG&A expenses, peaking at approximately $2.15 billion in 2023. In contrast, BioMarin's expenses grew steadily, reaching around $937 million in the same year. Despite Zoetis's higher absolute costs, their expenses as a percentage of revenue have remained relatively stable, indicating efficient cost management. Meanwhile, BioMarin's expenses have increased by over 200% since 2014, reflecting their aggressive growth strategy. This data provides a fascinating insight into how these two industry leaders balance cost management with growth ambitions.
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