Who Generates Higher Gross Profit? ServiceNow, Inc. or II-VI Incorporated

A Tale of Two Companies: ServiceNow vs. II-VI Incorporated

In the ever-evolving landscape of technology and manufacturing, ServiceNow, Inc. and II-VI Incorporated have emerged as significant players. Over the past decade, ServiceNow has consistently outperformed II-VI in terms of gross profit. From 2014 to 2023, ServiceNow's gross profit surged by over 1,500%, reaching a staggering $7.05 billion in 2023. In contrast, II-VI's growth, while impressive, was more modest, with a 613% increase, culminating in $1.62 billion in the same year.

ServiceNow's dominance is evident, especially in recent years, where its gross profit in 2023 was more than four times that of II-VI. This trend highlights ServiceNow's robust business model and its ability to capitalize on the growing demand for digital workflow solutions. As we look to the future, the question remains: Can II-VI close the gap, or will ServiceNow continue to lead the charge?