Gross Profit Analysis: Comparing ServiceNow, Inc. and Applied Materials, Inc.

Gross Profit Growth: ServiceNow vs. Applied Materials

In the ever-evolving landscape of technology and manufacturing, ServiceNow, Inc. and Applied Materials, Inc. have emerged as key players. Over the past decade, from 2014 to 2024, these companies have demonstrated remarkable growth in gross profit, reflecting their strategic prowess and market adaptability.

Applied Materials, a leader in materials engineering solutions, has seen its gross profit soar by over 230%, from approximately $3.8 billion in 2014 to an impressive $12.9 billion in 2024. This growth underscores its dominance in the semiconductor industry, driven by innovation and global demand.

Meanwhile, ServiceNow, a cloud computing giant, has experienced a staggering increase of nearly 1,900% in gross profit, rising from $434 million in 2014 to $8.7 billion in 2024. This exponential growth highlights the increasing reliance on digital transformation and cloud-based solutions.

These trends not only showcase the resilience and adaptability of these companies but also reflect broader industry shifts towards technology and innovation.