ServiceNow Inc (NOW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,697,000 | 7,050,000 | 5,672,000 | 4,543,000 | 3,532,000 |
| Revenue | US$ in thousands | 10,984,000 | 8,971,000 | 7,245,000 | 5,896,000 | 4,519,000 |
| Gross profit margin | 79.18% | 78.59% | 78.29% | 77.05% | 78.16% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,697,000K ÷ $10,984,000K
= 79.18%
ServiceNow Inc's gross profit margin has shown a consistent and favorable trend over the years. From December 31, 2020, to December 31, 2024, the gross profit margin has gradually improved from 78.16% to 79.18%. This indicates that the company has been effectively managing its production costs and generating higher margins on its products or services. The increasing gross profit margin suggests that ServiceNow Inc has been successful in optimizing its operations and achieving better efficiency in its cost structure, which is a positive sign for investors and stakeholders. Overall, the trend in the gross profit margin reflects positively on the company's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024