Cost Insights: Breaking Down ServiceNow, Inc. and Palo Alto Networks, Inc.'s Expenses

Cost Insights: A Comparative Analysis of ServiceNow and Palo Alto Networks

In the ever-evolving tech landscape, understanding cost structures is pivotal for investors and analysts alike. This analysis delves into the cost of revenue trends for two tech giants: ServiceNow, Inc. and Palo Alto Networks, Inc., from 2014 to 2024. Over this decade, both companies have shown a remarkable upward trajectory in their cost of revenue, reflecting their growth and expansion strategies.

ServiceNow's cost of revenue surged by approximately 820% from 2014 to 2024, indicating a robust expansion in its service offerings and market reach. Similarly, Palo Alto Networks experienced a 1,190% increase, underscoring its aggressive push in the cybersecurity domain. Notably, both companies have maintained a close race, with ServiceNow slightly edging out Palo Alto Networks in 2024.

This data not only highlights the competitive nature of the tech industry but also provides insights into how these companies allocate resources to sustain growth.