Comparing SG&A Expenses: ServiceNow, Inc. vs PTC Inc. Trends and Insights

SG&A Expenses: A Tale of Two Tech Giants

In the ever-evolving tech landscape, ServiceNow, Inc. and PTC Inc. have showcased distinct trajectories in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, ServiceNow's SG&A expenses surged by nearly 850%, reflecting its aggressive growth strategy and market expansion. In contrast, PTC Inc. experienced a more modest increase of approximately 53%, indicating a steady yet conservative approach.

Key Insights

• ServiceNow's Growth: By 2023, ServiceNow's SG&A expenses reached over nine times their 2014 levels, underscoring its rapid scaling and investment in operational capabilities.
• PTC's Stability: PTC Inc. maintained a consistent growth pattern, with expenses peaking in 2024, highlighting its focus on sustainable growth.
  This comparison not only highlights the strategic differences between these two tech leaders but also offers insights into their future trajectories.