Comparing Cost of Revenue Efficiency: ServiceNow, Inc. vs Nutanix, Inc.

A Decade of Cost Efficiency: ServiceNow vs. Nutanix

In the ever-evolving tech landscape, cost efficiency is a critical metric for success. Over the past decade, ServiceNow, Inc. and Nutanix, Inc. have demonstrated contrasting trajectories in managing their cost of revenue. From 2014 to 2024, ServiceNow's cost of revenue surged by over 800%, reflecting its rapid expansion and scaling efforts. In contrast, Nutanix's cost of revenue increased by approximately 430%, indicating a more measured growth strategy.

ServiceNow's aggressive growth is evident, with its cost of revenue peaking at nearly $2.3 billion in 2024, a testament to its expanding market footprint. Meanwhile, Nutanix maintained a steadier pace, with costs reaching around $324 million in the same year. This comparison highlights the diverse strategies these tech giants employ to balance growth and efficiency, offering valuable insights for investors and industry analysts alike.