Selling, General, and Administrative Costs: ServiceNow, Inc. vs Fortive Corporation

A Tale of Two Giants: ServiceNow, Inc. vs Fortive Corporation

In the ever-evolving landscape of corporate America, the battle for efficiency and growth is often reflected in a company's Selling, General, and Administrative (SG&A) expenses. Over the past decade, ServiceNow, Inc. and Fortive Corporation have showcased contrasting trajectories in their SG&A expenditures.

From 2014 to 2023, ServiceNow's SG&A costs surged by over 850%, reflecting its aggressive expansion and market penetration strategies. In contrast, Fortive's expenses grew by approximately 45%, indicating a more measured approach. Notably, in 2023, ServiceNow's SG&A expenses were nearly double those of Fortive, highlighting its commitment to scaling operations.

This data underscores the strategic differences between these two industry leaders. While ServiceNow focuses on rapid growth, Fortive emphasizes steady, sustainable development. As we look to the future, these trends offer valuable insights into the evolving strategies of these corporate titans.