Cost of Revenue Comparison: Analog Devices, Inc. vs HubSpot, Inc.

A Tale of Two Companies: Cost of Revenue Trends

In the ever-evolving landscape of technology, understanding the financial dynamics of industry leaders is crucial. Analog Devices, Inc. and HubSpot, Inc. offer a fascinating study in contrasts when it comes to their cost of revenue over the past decade.

From 2014 to 2023, Analog Devices saw a staggering 328% increase in its cost of revenue, peaking in 2022. This reflects its expansive growth and investment in production capabilities. In contrast, HubSpot's cost of revenue grew by approximately 830% during the same period, highlighting its rapid scaling and market penetration.

While Analog Devices' costs surged in 2022, HubSpot's growth trajectory remained consistent, albeit with a smaller base. The data for 2024 is incomplete, but the trends suggest continued strategic investments by both companies. This comparison underscores the diverse strategies employed by tech giants to maintain their competitive edge.