Cost of Revenue: Key Insights for Palo Alto Networks, Inc. and Garmin Ltd.

Cost of Revenue Trends: Palo Alto Networks vs. Garmin

In the ever-evolving landscape of technology and consumer electronics, understanding cost structures is crucial. From 2014 to 2023, Garmin Ltd. and Palo Alto Networks, Inc. have shown distinct trajectories in their cost of revenue. Garmin's cost of revenue has grown steadily, peaking at approximately $2.2 billion in 2023, marking a 75% increase from 2014. Meanwhile, Palo Alto Networks has experienced a more dramatic rise, with costs surging over 1,000% from 2014 to 2023, reaching nearly $1.9 billion. This rapid growth reflects Palo Alto's aggressive expansion and investment in cybersecurity solutions. Notably, 2024 data for Garmin is missing, indicating potential reporting delays or strategic shifts. These insights highlight the contrasting strategies of a consumer electronics giant and a cybersecurity leader, offering a glimpse into their operational priorities and market dynamics.