Cost of Revenue Comparison: ServiceNow, Inc. vs II-VI Incorporated

Cost of Revenue: A Tale of Two Companies

In the dynamic world of technology and manufacturing, ServiceNow, Inc. and II-VI Incorporated have carved distinct paths. Over the past decade, ServiceNow's cost of revenue has surged by approximately 819%, reflecting its rapid growth in the software industry. Meanwhile, II-VI Incorporated, a leader in engineered materials and optoelectronic components, has seen its cost of revenue increase by an impressive 676%.

A Closer Look at the Trends

From 2014 to 2023, ServiceNow's cost of revenue consistently climbed, peaking in 2023 with a 22% increase from the previous year. II-VI Incorporated, however, experienced a dramatic 72% jump in 2023, highlighting its aggressive expansion strategy. Notably, data for 2024 is incomplete, leaving room for speculation on future trajectories.

Conclusion

These trends underscore the evolving strategies of these industry giants, each navigating their unique challenges and opportunities.