ServiceNow (NOW)
Market Price (3/19/2026): $113.7 | Market Cap: $118.1 BilSector: Information Technology | Industry: Systems Software
ServiceNow (NOW)
Market Price (3/19/2026): $113.7Market Cap: $118.1 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%, CFO LTM is 5.4 Bil, FCF LTM is 4.5 Bil | Weak multi-year price returns2Y Excs Rtn is -55%, 3Y Excs Rtn is -35% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7% | |
| Low stock price volatilityVol 12M is 42% | Key risksNOW key risks include [1] intense competition from major players challenging its leadership in AI orchestration, Show more. | |
| Megatrend and thematic driversMegatrends include Cloud Computing, Automation & Robotics, Artificial Intelligence, and Cybersecurity. Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%, CFO LTM is 5.4 Bil, FCF LTM is 4.5 Bil |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Automation & Robotics, Artificial Intelligence, and Cybersecurity. Show more. |
| Weak multi-year price returns2Y Excs Rtn is -55%, 3Y Excs Rtn is -35% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.7% |
| Key risksNOW key risks include [1] intense competition from major players challenging its leadership in AI orchestration, Show more. |
Qualitative Assessment
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ServiceNow (NOW) stock has lost about 30% since 11/30/2025 because of the following key factors:
1. Broader Software Sector Sell-off Driven by AI Disruption Fears.
ServiceNow’s stock decline was significantly influenced by a widespread "SaaS sell-off" across the software industry. This trend, particularly noticeable in early 2026, stemmed from investor concerns that emerging artificial intelligence (AI) software development tools and large language models (LLMs) could disrupt traditional software business models. The iShares Expanded Tech-Software Sector ETF (IGV), a proxy for the software industry, was down nearly 20% in 2026 as of February 9, 2026, reflecting this broader market apprehension.
2. Disappointing 2026 Growth Guidance Relative to High Investor Expectations.
Despite ServiceNow reporting strong fourth-quarter 2025 results, with subscription revenues of $3.466 billion (up 21% year-over-year) and total revenues of $3.57 billion (up 20.7% year-over-year), its 2026 guidance tempered investor enthusiasm. The company projected full-year 2026 subscription revenue growth between 19.5% and 20% on a constant currency basis. While this guidance exceeded analyst expectations of 18% to 18.5% growth, the market had anticipated a reacceleration to "22%+ growth," leading to a perceived deceleration and immediate stock price drop of 5.4% following the earnings announcement.
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1. Broader Software Sector Sell-off Driven by AI Disruption Fears.
ServiceNow’s stock decline was significantly influenced by a widespread "SaaS sell-off" across the software industry. This trend, particularly noticeable in early 2026, stemmed from investor concerns that emerging artificial intelligence (AI) software development tools and large language models (LLMs) could disrupt traditional software business models. The iShares Expanded Tech-Software Sector ETF (IGV), a proxy for the software industry, was down nearly 20% in 2026 as of February 9, 2026, reflecting this broader market apprehension.
2. Disappointing 2026 Growth Guidance Relative to High Investor Expectations.
Despite ServiceNow reporting strong fourth-quarter 2025 results, with subscription revenues of $3.466 billion (up 21% year-over-year) and total revenues of $3.57 billion (up 20.7% year-over-year), its 2026 guidance tempered investor enthusiasm. The company projected full-year 2026 subscription revenue growth between 19.5% and 20% on a constant currency basis. While this guidance exceeded analyst expectations of 18% to 18.5% growth, the market had anticipated a reacceleration to "22%+ growth," leading to a perceived deceleration and immediate stock price drop of 5.4% following the earnings announcement.
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Stock Movement Drivers
Fundamental Drivers
The -30.0% change in NOW stock from 11/30/2025 to 3/18/2026 was primarily driven by a -30.6% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3182026 | Change |
|---|---|---|---|
| Stock Price ($) | 162.48 | 113.71 | -30.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,667 | 13,278 | 4.8% |
| Net Income Margin (%) | 13.7% | 13.2% | -3.7% |
| P/E Multiple | 97.4 | 67.6 | -30.6% |
| Shares Outstanding (Mil) | 1,038 | 1,039 | -0.1% |
| Cumulative Contribution | -30.0% |
Market Drivers
11/30/2025 to 3/18/2026| Return | Correlation | |
|---|---|---|
| NOW | -30.0% | |
| Market (SPY) | -3.2% | 9.2% |
| Sector (XLK) | -3.6% | 16.9% |
Fundamental Drivers
The -38.0% change in NOW stock from 8/31/2025 to 3/18/2026 was primarily driven by a -40.9% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3182026 | Change |
|---|---|---|---|
| Stock Price ($) | 183.49 | 113.71 | -38.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,057 | 13,278 | 10.1% |
| Net Income Margin (%) | 13.8% | 13.2% | -4.4% |
| P/E Multiple | 114.4 | 67.6 | -40.9% |
| Shares Outstanding (Mil) | 1,036 | 1,039 | -0.3% |
| Cumulative Contribution | -38.0% |
Market Drivers
8/31/2025 to 3/18/2026| Return | Correlation | |
|---|---|---|
| NOW | -38.0% | |
| Market (SPY) | 2.8% | 20.9% |
| Sector (XLK) | 5.3% | 24.4% |
Fundamental Drivers
The -38.8% change in NOW stock from 2/28/2025 to 3/18/2026 was primarily driven by a -49.8% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3182026 | Change |
|---|---|---|---|
| Stock Price ($) | 185.95 | 113.71 | -38.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,984 | 13,278 | 20.9% |
| Net Income Margin (%) | 13.0% | 13.2% | 1.5% |
| P/E Multiple | 134.7 | 67.6 | -49.8% |
| Shares Outstanding (Mil) | 1,032 | 1,039 | -0.7% |
| Cumulative Contribution | -38.8% |
Market Drivers
2/28/2025 to 3/18/2026| Return | Correlation | |
|---|---|---|
| NOW | -38.8% | |
| Market (SPY) | 12.3% | 54.7% |
| Sector (XLK) | 22.9% | 57.3% |
Fundamental Drivers
The 31.6% change in NOW stock from 2/28/2023 to 3/18/2026 was primarily driven by a 193.5% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3182026 | Change |
|---|---|---|---|
| Stock Price ($) | 86.43 | 113.71 | 31.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,245 | 13,278 | 83.3% |
| Net Income Margin (%) | 4.5% | 13.2% | 193.5% |
| P/E Multiple | 269.5 | 67.6 | -74.9% |
| Shares Outstanding (Mil) | 1,013 | 1,039 | -2.5% |
| Cumulative Contribution | 31.6% |
Market Drivers
2/28/2023 to 3/18/2026| Return | Correlation | |
|---|---|---|
| NOW | 31.6% | |
| Market (SPY) | 73.1% | 54.9% |
| Sector (XLK) | 106.2% | 57.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NOW Return | 18% | -40% | 82% | 50% | -28% | -24% | 6% |
| Peers Return | 39% | -54% | 70% | 4% | -7% | -29% | -25% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -2% | 79% |
Monthly Win Rates [3] | |||||||
| NOW Win Rate | 50% | 17% | 75% | 75% | 33% | 33% | |
| Peers Win Rate | 58% | 32% | 60% | 45% | 45% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| NOW Max Drawdown | -17% | -47% | -6% | -9% | -32% | -34% | |
| Peers Max Drawdown | -18% | -60% | -8% | -29% | -29% | -37% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRM, TEAM, WDAY, DDOG, SNOW. See NOW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/18/2026 (YTD)
How Low Can It Go
| Event | NOW | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -51.3% | -25.4% |
| % Gain to Breakeven | 105.3% | 34.1% |
| Time to Breakeven | 423 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -30.2% | -33.9% |
| % Gain to Breakeven | 43.3% | 51.3% |
| Time to Breakeven | 32 days | 148 days |
| 2018 Correction | ||
| % Loss | -27.2% | -19.8% |
| % Gain to Breakeven | 37.4% | 24.7% |
| Time to Breakeven | 82 days | 120 days |
Compare to CRM, TEAM, WDAY, DDOG, SNOW
In The Past
ServiceNow's stock fell -51.3% during the 2022 Inflation Shock from a high on 11/4/2021. A -51.3% loss requires a 105.3% gain to breakeven.
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About ServiceNow (NOW)
ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. The company also provides information technology (IT) service management applications; IT service management product suite for enterprise's employees, customers, and partners; IT business management product suite; IT operations management product that connects a customer's physical and cloud-based IT infrastructure; IT Asset Management to automate IT asset lifecycles; and security operations that connects with internal and third party. In addition, it offers governance, risk, and compliance product to manage risk and resilience; human resources, legal, and workplace service delivery products; safe workplace applications; customer service management product; and field service management applications. Further, it provides App Engine product; IntegrationHub enables application to extend workflows; and professional, industry solutions, and customer support services. It serves government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products through direct sales team and resale partners. It has a strategic partnership with Celonis to help customers identify and prioritize processes that are suitable for automation. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. The company was founded in 2004 and is headquartered in Santa Clara, California.
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- Salesforce for enterprise service automation.
- A modern, cloud-based SAP or Oracle, but specialized in automating enterprise services and workflows.
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- Now Platform: The core platform offering workflow automation, AI, machine learning, and various enterprise service capabilities.
- IT Service Management (ITSM): Applications designed to manage and automate IT services for employees, customers, and partners.
- IT Operations Management (ITOM): A product that connects and manages a customer's physical and cloud-based IT infrastructure.
- IT Business Management (ITBM): A suite of products to manage the business aspects of IT, including portfolio and financial management.
- IT Asset Management (ITAM): Applications to automate and manage the entire lifecycle of IT assets.
- Security Operations (SecOps): Solutions that connect and automate security incident response and vulnerability management.
- Governance, Risk, and Compliance (GRC): A product designed to help organizations manage risk, ensure compliance, and build resilience.
- HR Service Delivery: Products to automate and optimize human resources, legal, and workplace service delivery.
- Customer Service Management (CSM): Applications that unify customer service operations across channels for improved customer experience.
- Field Service Management (FSM): Applications to manage and optimize field service operations, scheduling, and dispatch.
- App Engine: A product enabling customers to build and extend custom applications on the Now Platform.
- IntegrationHub: A tool that allows applications to extend workflows by integrating with other systems and services.
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Bill McDermott, Chairman and Chief Executive Officer
Bill McDermott has served as the Chairman and CEO of ServiceNow since late 2019, leading the company to nearly triple its full-year revenues and establishing it as an AI-driven platform for business workflows. Prior to joining ServiceNow, he was the CEO of SAP SE from 2010 to 2019, where he significantly increased the company's market value from $39 billion to over $160 billion. He previously held leadership roles at Xerox, Gartner, and Siebel Systems, and is the author of the national bestseller, "Winners Dream: A Journey from Corner Store to Corner Office."
Gina Mastantuono, President and Chief Financial Officer
Gina Mastantuono joined ServiceNow as Chief Financial Officer on January 1, 2020, and currently serves as President and Chief Financial Officer. She oversees various financial aspects, corporate strategy, and venture initiatives, contributing to the company's growth. Before ServiceNow, Mastantuono was Executive Vice President and CFO of Ingram Micro Inc. She also served as Senior Vice President, Chief Accounting Officer, Controller, and International CFO at Revlon, Inc., and held executive finance roles at InterActiveCorp., starting her career at Ernst & Young.
Chris Bedi, Chief Customer Officer and AI Enterprise Advisor
Chris Bedi serves as ServiceNow's Chief Customer Officer and AI Enterprise Advisor.
Pablo Stern, Executive Vice President and General Manager, Technology Workflow Products
Pablo Stern is the Executive Vice President and General Manager of ServiceNow's Technology Workflow Products. This portfolio includes Service Management (ITSM), Operations Management (ITOM), Strategic Portfolio Management (SPM), Asset Management (ITAM), Security Operations, Risk Management (IRM), and Operational Technology (OT). Before ServiceNow, he held CTO, engineering, and business leadership roles at Microsoft, Symantec, Veritas, and various startups.
Amy Lokey, Executive Vice President, Chief Experience Officer
Amy Lokey leads the global Experience team at ServiceNow as Executive Vice President, Chief Experience Officer, overseeing Design, Research, Product Documentation, and Operations across all ServiceNow products and customer experiences. Her mission is to create product experiences that customers love. Prior to joining ServiceNow in 2019, she was the head of the global User Experience team for Google Workspace and led User Experience for LinkedIn across consumer and enterprise solutions.
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Here are the key risks to ServiceNow's business:
- Intense Competition: ServiceNow operates in a highly competitive market for enterprise cloud computing and workflow automation solutions. The company faces significant competition from major technology players like Microsoft, Oracle, and Salesforce, as well as numerous specialized smaller companies offering similar functionalities, some at potentially lower costs or with easier implementation. This competitive landscape could pressure ServiceNow's pricing, market share, and profitability.
- Impact of Artificial Intelligence (AI) Adoption and Potential Pricing Pressure: While ServiceNow is heavily investing in AI to enhance its platform, there is a risk associated with how AI adoption will ultimately impact the software sector. The debate exists whether AI will boost capabilities and upsells or lead to "seat compression" (reduced user counts) due to increased automation, which could result in pricing pressure and negatively impact revenue. The success of ServiceNow's hybrid pricing model and its ability to effectively leverage AI to demonstrate tangible value will be critical in mitigating this risk.
- Cybersecurity Threats and Data Privacy Breaches: As a leading provider of cloud-based enterprise solutions that manage and automate critical services and handle sensitive data for enterprises worldwide, ServiceNow is inherently exposed to significant cybersecurity threats, data privacy breaches, and the risk of regulatory compliance failures. A major security incident or a failure to comply with data protection regulations such as GDPR or HIPAA could lead to substantial financial penalties, reputational damage, and loss of customer trust.
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ServiceNow (NOW) operates in several large and growing addressable markets for its main products and services:
- Overall Platform / Total Addressable Market (TAM): ServiceNow's total addressable market (TAM) is projected to expand to $275 billion by 2026. Another source projects ServiceNow's large addressable market to reach $500 billion, with AI products playing a pivotal role in this expansion. The global "ServiceNow Business Market" was estimated at USD 38.33 billion in 2025 and is expected to reach USD 43.14 billion in 2026, with projections to reach USD 88.42 billion by 2032. The global "ServiceNow Tech Service Market" is estimated to be valued at USD 46.6 billion in 2025 and is projected to reach USD 235.6 billion by 2035.
- IT Service Management (ITSM): The global IT Service Management (ITSM) software market grew to $11.4 billion in 2024 and is expected to reach $15.4 billion by 2029. The global information technology service management market is expected to reach USD 29.93 billion by 2030, growing at a compound annual growth rate of 14.4% from 2025 to 2030. North America dominated the ITSM market in 2024, accounting for over 40% of the global revenue.
- IT Operations Management (ITOM): The global IT Operations Management software market size was estimated at USD 39,006.8 million in 2023 and is projected to reach USD 73,380.5 million by 2030. The IT Operations Management Market is estimated to be worth USD 40.67 billion in 2026, with projections to reach USD 71.82 billion by 2031.
- IT Asset Management (ITAM): The global IT asset management market size is forecasted to be worth USD 2,988.59 million in 2026, expected to achieve USD 4,963.94 million by 2035. The software asset management market is projected to reach USD 7.3 billion by 2029.
- Governance, Risk, and Compliance (GRC): The global enterprise governance, risk and compliance market size was valued at USD 49.85 billion in 2025 and is projected to grow from USD 57.10 billion in 2026 to USD 129.45 billion by 2034. North America dominated the enterprise governance, risk and compliance market with a market share of 41.00% in 2025, with the U.S. market valued at USD 17.62 billion by 2026.
- Customer Service Management (CSM): While no overall market size for ServiceNow's specific CSM offering was readily available, ServiceNow Customer Service Management holds a market share of 9.55% in the broader customer support services category, ranking third globally.
- HR Service Delivery (HRSD): An explicit global market size for HR Service Delivery was not found. However, ServiceNow considers HR service delivery a critical area of focus.
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ServiceNow (symbol: NOW) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
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Accelerated Adoption and Monetization of AI-Powered Solutions: ServiceNow anticipates significant revenue growth from its artificial intelligence (AI) offerings, particularly through products like Now Assist and the AI Control Tower. The company aims to achieve $1 billion in Annual Contract Value (ACV) from its AI products by 2026, with these capabilities being a significant factor in securing large enterprise agreements. The shift towards consumption-based pricing models for AI and data solutions is also expected to boost revenue through increased customer spending.
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Expansion into New Enterprise Workflows and Industry-Specific Solutions: ServiceNow is actively broadening its platform's application beyond its traditional IT Service Management (ITSM) core. The company is expanding into other functional areas such as Human Resources (HR) service delivery, customer service management (CSM), security operations, and governance, risk, and compliance. Additionally, a focus on tailored AI-powered solutions for specific industries is creating new avenues for growth.
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Growth in High-Value Enterprise Customer Acquisition and Deeper Platform Adoption: The continuous increase in the number of large deals (those exceeding $1 million in net new ACV) and the expansion of its customer base are significant drivers. The company has also seen substantial growth in customers contributing over $5 million in ACV, and upgrades from standard to more advanced Pro Plus offerings are expected to accelerate revenue.
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Strategic Partnerships and International Market Expansion: Collaborations with industry leaders, including hyperscalers like Microsoft, Amazon, and Google Cloud, as well as global systems integrators such as Accenture, Deloitte, and Cognizant, are enhancing ServiceNow's market reach and technological capabilities. Furthermore, the company is actively pursuing international expansion in regions such as Brazil, Japan, India, Saudi Arabia, and the Middle East, with a particular focus on growing its global public sector business.
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Share Repurchases
- ServiceNow's Board of Directors authorized an additional $5 billion for its share repurchase program in January 2026, adding to approximately $1.4 billion remaining from prior authorizations as of December 31, 2025.
- In the fourth quarter of 2025, ServiceNow repurchased approximately 3.6 million shares of its common stock for $597 million.
- The company initiated its first-ever share repurchase program in May 2023, authorizing up to $1.5 billion, primarily to manage the impact of dilution from future employee equity grants and employee stock purchase programs.
Share Issuance
- ServiceNow issued $270 million in common stock in fiscal year 2025, $237 million in fiscal year 2024, and $194 million in fiscal year 2023.
- The company's shares outstanding were 1.047 billion as of December 31, 2025, marking a 0.44% increase from 2024.
- Shares outstanding increased by 1.38% from 2023 to 2024, reaching 1.042 billion, and by 1.01% from 2022 to 2023, totaling 1.028 billion.
Outbound Investments
- ServiceNow engaged in an aggressive acquisition strategy, spending at least $12 billion on acquisitions and investments in 2025.
- Significant acquisitions in 2025 include Armis for $7.75 billion, Moveworks for $2.85 billion, and Veza, all aimed at strengthening AI and security capabilities.
- In the third quarter of 2025, ServiceNow made a $750 million investment in Genesys, an AI-powered experience orchestration leader.
Capital Expenditures
- Capital expenditures were $868 million in fiscal year 2025 and $852 million in fiscal year 2024.
- ServiceNow's capital expenditures are primarily focused on building data centers and enhancing AI capacity for its Now platform.
- Expected capital expenditures are projected to be approximately $994.4 million for 2026, $1,113 million for 2027, and $1,267 million for 2028.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | BMI | Badger Meter | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02282026 | VRNS | Varonis Systems | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | ITRI | Itron | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | FSLR | First Solar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PEGA | Pegasystems | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 12192025 | NOW | ServiceNow | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -30.5% | -30.5% | -35.2% |
Research & Analysis
Invest in Strategies
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 131.77 |
| Mkt Cap | 52.5 |
| Rev LTM | 7,656 |
| Op Inc LTM | 489 |
| FCF LTM | 2,029 |
| FCF 3Y Avg | 1,768 |
| CFO LTM | 2,137 |
| CFO 3Y Avg | 1,898 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 20.5% |
| Rev Chg 3Y Avg | 22.1% |
| Rev Chg Q | 22.0% |
| QoQ Delta Rev Chg LTM | 5.2% |
| Op Mgn LTM | 4.7% |
| Op Mgn 3Y Avg | 3.0% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 30.7% |
| CFO/Rev 3Y Avg | 30.6% |
| FCF/Rev LTM | 27.9% |
| FCF/Rev 3Y Avg | 27.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 52.5 |
| P/S | 6.6 |
| P/EBIT | 25.6 |
| P/E | 37.1 |
| P/CFO | 18.1 |
| Total Yield | 0.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.2% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.3% |
| 3M Rtn | -26.0% |
| 6M Rtn | -30.3% |
| 12M Rtn | -30.7% |
| 3Y Rtn | 17.1% |
| 1M Excs Rtn | 4.8% |
| 3M Excs Rtn | -21.9% |
| 6M Excs Rtn | -29.7% |
| 12M Excs Rtn | -48.2% |
| 3Y Excs Rtn | -52.9% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $113.71 | |
| Market Cap ($ Bil) | 118.2 | |
| First Trading Date | 06/29/2012 | |
| Distance from 52W High | -45.6% | |
| 50 Days | 200 Days | |
| DMA Price | $118.53 | $165.90 |
| DMA Trend | down | down |
| Distance from DMA | -4.1% | -31.5% |
| 3M | 1YR | |
| Volatility | 47.5% | 42.1% |
| Downside Capture | 195.91 | 152.87 |
| Upside Capture | 23.13 | 86.23 |
| Correlation (SPY) | 6.9% | 52.6% |
NOW Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.96 | 0.80 | 0.67 | 0.88 | 1.27 | 1.35 |
| Up Beta | -2.02 | -1.12 | -1.28 | 0.41 | 1.36 | 1.33 |
| Down Beta | -0.31 | -0.27 | -0.45 | 0.48 | 1.10 | 1.33 |
| Up Capture | 115% | 33% | 40% | 27% | 83% | 210% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 11 | 18 | 31 | 60 | 122 | 411 |
| Down Capture | 316% | 306% | 269% | 179% | 134% | 109% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 10 | 23 | 30 | 64 | 129 | 341 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NOW | |
|---|---|---|---|---|
| NOW | -32.7% | 42.0% | -0.83 | - |
| Sector ETF (XLK) | 28.8% | 26.6% | 0.92 | 55.1% |
| Equity (SPY) | 17.7% | 18.9% | 0.73 | 53.0% |
| Gold (GLD) | 62.0% | 26.4% | 1.81 | -5.0% |
| Commodities (DBC) | 18.3% | 17.3% | 0.85 | 11.7% |
| Real Estate (VNQ) | 4.2% | 16.1% | 0.08 | 25.5% |
| Bitcoin (BTCUSD) | -12.1% | 44.3% | -0.16 | 25.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NOW | |
|---|---|---|---|---|
| NOW | 2.5% | 40.6% | 0.18 | - |
| Sector ETF (XLK) | 16.7% | 24.6% | 0.61 | 65.8% |
| Equity (SPY) | 12.4% | 17.0% | 0.57 | 61.8% |
| Gold (GLD) | 22.6% | 17.3% | 1.07 | 3.7% |
| Commodities (DBC) | 10.7% | 19.0% | 0.45 | 11.0% |
| Real Estate (VNQ) | 4.2% | 18.8% | 0.13 | 38.4% |
| Bitcoin (BTCUSD) | 5.0% | 56.7% | 0.31 | 29.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NOW | |
|---|---|---|---|---|
| NOW | 25.1% | 39.5% | 0.70 | - |
| Sector ETF (XLK) | 22.0% | 24.2% | 0.83 | 67.5% |
| Equity (SPY) | 14.6% | 17.9% | 0.70 | 61.2% |
| Gold (GLD) | 14.1% | 15.7% | 0.75 | 3.3% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 15.5% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 37.2% |
| Bitcoin (BTCUSD) | 67.9% | 66.8% | 1.07 | 17.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/28/2026 | -9.9% | -14.3% | -16.7% |
| 10/29/2025 | 2.5% | -3.5% | -9.8% |
| 7/23/2025 | 4.2% | 2.2% | -8.3% |
| 4/23/2025 | 15.5% | 17.5% | 25.0% |
| 1/29/2025 | -11.4% | -10.2% | -18.7% |
| 10/23/2024 | 5.4% | 4.7% | 15.4% |
| 7/24/2024 | 13.4% | 11.4% | 12.3% |
| 4/24/2024 | -4.0% | -8.1% | 1.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 17 | 16 | 15 |
| # Negative | 7 | 8 | 9 |
| Median Positive | 5.4% | 6.6% | 11.1% |
| Median Negative | -4.0% | -5.9% | -8.3% |
| Max Positive | 15.5% | 20.0% | 27.1% |
| Max Negative | -11.4% | -14.3% | -18.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 01/29/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 01/30/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 01/25/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 01/31/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mastantuono, Gina | President and CFO | Direct | Sell | 12092025 | 850.00 | 415 | 352,750 | 10,393,800 | Form |
| 2 | Jackson, Lawrence | Direct | Sell | 12022025 | 810.22 | 265 | 214,708 | 261,701 | Form | |
| 3 | Chamberlain, Paul Edward | Direct | Sell | 12022025 | 808.00 | 300 | 242,400 | 7,745,488 | Form | |
| 4 | Mastantuono, Gina | President and CFO | Direct | Sell | 12022025 | 808.00 | 417 | 336,936 | 10,215,544 | Form |
| 5 | Fipps, Paul | President, Global Customer Ops | Direct | Sell | 11192025 | 817.55 | 305 | 249,353 | 441,948 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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