Cost of Revenue: Key Insights for ServiceNow, Inc. and Fortive Corporation

Analyzing Cost of Revenue Trends: ServiceNow, Inc. vs. Fortive Corporation

In the ever-evolving landscape of technology and industrial solutions, understanding cost structures is crucial. Over the past decade, ServiceNow, Inc. and Fortive Corporation have showcased distinct trajectories in their cost of revenue. From 2014 to 2023, Fortive's cost of revenue has seen fluctuations, peaking in 2019 and then stabilizing around 2.5 billion USD in recent years. In contrast, ServiceNow has demonstrated a consistent upward trend, with costs rising from approximately 250 million USD in 2014 to nearly 2.3 billion USD by 2024, reflecting its rapid growth and expansion.

This divergence highlights the differing business models and market strategies of these two giants. While Fortive's costs have shown variability, ServiceNow's steady increase underscores its aggressive scaling and investment in service delivery. Missing data for Fortive in 2024 suggests potential shifts or reporting changes, warranting further exploration.