Gross Profit Comparison: ServiceNow, Inc. and Fortive Corporation Trends

Gross Profit Trends: ServiceNow vs. Fortive Corporation

In the ever-evolving landscape of technology and industrial solutions, ServiceNow, Inc. and Fortive Corporation have emerged as key players. Over the past decade, ServiceNow has demonstrated a remarkable growth trajectory, with its gross profit soaring from a modest $434 million in 2014 to an impressive $7.05 billion by 2023. This represents a staggering increase of over 1,500%, underscoring its rapid expansion in the cloud-based services sector.

Conversely, Fortive Corporation, a leader in industrial technology, has shown steady growth, with its gross profit peaking at $3.68 billion in 2019 before experiencing fluctuations. Despite a dip in 2020, Fortive's gross profit rebounded to $3.59 billion in 2023, reflecting its resilience in a competitive market.

While ServiceNow's growth outpaces Fortive's, both companies exemplify the dynamic nature of their respective industries, with ServiceNow capitalizing on digital transformation and Fortive maintaining its stronghold in industrial innovation.