Comparing Cost of Revenue Efficiency: ServiceNow, Inc. vs PTC Inc.

A Decade of Cost Efficiency: ServiceNow vs. PTC

In the ever-evolving tech landscape, cost efficiency is a critical metric for success. Over the past decade, ServiceNow, Inc. and PTC Inc. have demonstrated contrasting trajectories in their cost of revenue. From 2014 to 2024, ServiceNow's cost of revenue surged by over 800%, reflecting its rapid expansion and scaling efforts. In contrast, PTC Inc. experienced a more modest increase of approximately 30%, indicating a stable yet conservative growth strategy.

ServiceNow's Growth Trajectory

ServiceNow's aggressive growth is evident, with its cost of revenue climbing from 25% of PTC's in 2014 to nearly five times that of PTC by 2024. This reflects ServiceNow's strategic investments in expanding its service offerings and market reach.

PTC's Steady Path

PTC Inc., on the other hand, maintained a steady course, with its cost of revenue peaking in 2024. This stability suggests a focus on optimizing existing operations rather than aggressive expansion.