Gross Profit Trends Compared: ServiceNow, Inc. vs ON Semiconductor Corporation

Gross Profit Trends: ServiceNow vs. ON Semiconductor

In the ever-evolving landscape of technology and semiconductor industries, ServiceNow, Inc. and ON Semiconductor Corporation have showcased intriguing gross profit trends over the past decade. From 2014 to 2023, ServiceNow's gross profit surged by over 1,500%, reflecting its robust growth in the cloud computing sector. In contrast, ON Semiconductor experienced a more modest yet significant increase of approximately 260%, highlighting its steady expansion in the semiconductor market.

ServiceNow's gross profit consistently outpaced ON Semiconductor's from 2019 onwards, peaking in 2023 with a remarkable $7.05 billion. Meanwhile, ON Semiconductor reached its highest gross profit in 2022, with $4.08 billion, before a slight dip in 2023. The data for 2024 is incomplete, but ServiceNow's trajectory suggests continued growth. These trends underscore the dynamic nature of these industries and the strategic maneuvers of these companies in capturing market share.