Cost of Revenue Comparison: Applied Materials, Inc. vs HubSpot, Inc.

Cost of Revenue: A Tale of Two Companies

In the ever-evolving landscape of technology, understanding the cost of revenue is crucial for evaluating a company's financial health. Applied Materials, Inc. and HubSpot, Inc. offer a fascinating comparison. Over the past decade, Applied Materials has seen its cost of revenue grow by approximately 173%, from $5.2 billion in 2014 to an impressive $14.3 billion in 2023. This reflects its expansive growth in the semiconductor industry. In contrast, HubSpot, a leader in inbound marketing software, has experienced a more modest increase of around 832%, from $37 million in 2014 to $345 million in 2023. This disparity highlights the different scales and growth trajectories of these two tech giants. Notably, data for 2024 is incomplete, indicating potential shifts in the coming year. As we look to the future, these trends offer valuable insights into the strategic directions of both companies.