ZTO Express (Cayman) Inc. or Saia, Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: ZTO Express or Saia?

In the competitive world of logistics, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, ZTO Express (Cayman) Inc. and Saia, Inc. have shown contrasting trends in their SG&A management. From 2014 to 2023, ZTO Express's SG&A expenses surged by over 350%, reflecting its aggressive expansion strategy. In contrast, Saia's expenses grew by approximately 80%, indicating a more controlled approach.

A Decade of Financial Strategy

ZTO Express's expenses peaked in 2023, reaching nearly 2.4 billion, while Saia's expenses were significantly lower, highlighting their different operational scales. This data suggests that while ZTO Express is investing heavily in growth, Saia is focusing on efficiency. Investors and stakeholders should consider these strategies when evaluating the companies' long-term financial health.