Cost Insights: Breaking Down Salesforce, Inc. and Garmin Ltd.'s Expenses

Cost Insights: Salesforce vs. Garmin

In the ever-evolving landscape of technology and innovation, understanding the cost dynamics of industry giants like Salesforce, Inc. and Garmin Ltd. is crucial. Over the past decade, Salesforce has seen a staggering increase in its cost of revenue, growing by approximately 764% from 2014 to 2023. This reflects its aggressive expansion and investment in cloud-based solutions. In contrast, Garmin Ltd., known for its GPS technology, has experienced a more modest growth of around 76% in the same period, indicating steady but consistent scaling.

The data reveals that Salesforce's cost of revenue in 2023 was nearly four times that of Garmin's, highlighting its larger operational scale. However, the absence of Garmin's data for 2024 suggests potential reporting delays or strategic shifts. As these companies continue to navigate the competitive tech landscape, their cost structures offer valuable insights into their strategic priorities and market positioning.