ServiceNow (NOW)
Market Price (9/15/2025): $929.89 | Market Cap: $192.6 BilSector: Information Technology | Industry: Systems Software
ServiceNow (NOW)
Market Price (9/15/2025): $929.89Market Cap: $192.6 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 95x, P/EPrice/Earnings or Price/(Net Income) is 116x | |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32%, CFO LTM is 4.7 Bil, FCF LTM is 3.8 Bil | 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 -3.7% | |
Low stock price volatilityVol 12M is 40% |
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32%, CFO LTM is 4.7 Bil, FCF LTM is 3.8 Bil |
Low stock price volatilityVol 12M is 40% |
Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 95x, P/EPrice/Earnings or Price/(Net Income) is 116x |
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 -3.7% |
Market Valuation
9/15/25 | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Share Price CYE | $929.89 | $1,060.12 | $706.49 | $388.27 | $649.11 |
Market Cap CYE ($ Bil) | 192.6 | 218.8 | 144.6 | 78.7 | 129.4 |
Total Debt ($ Bil) | 2.4 | 2.3 | 2.3 | 2.2 | 2.2 |
Total Cash ($ Bil) | 6.1 | 5.8 | 4.9 | 4.3 | 3.3 |
Enterprise Value ($ Bil) | 188.9 | 221.1 | 146.9 | 80.9 | 131.6 |
Valuation Ratios | |||||
P/S TTM | 16.0 | 19.9 | 16.1 | 10.8 | 21.8 |
P/EBIT TTM | 95.0 | 123.9 | 139.8 | 220.3 | 500.3 |
P/E TTM | 116.0 | 153.1 | 83.3 | 240.6 | 559.1 |
Sector Ratios | |||||
P/S TTM (Sector) | 3.2 | 3.1 | 2.8 | 2.5 | 5.0 |
P/EBIT TTM (Sector) | 4.0 | -0.0 | -0.1 | -0.5 | 1.9 |
P/E TTM (Sector) | -0.4 | -0.3 | -0.4 | -0.5 | 0.1 |
9/15/25 | 2024 | 2023 | |
---|---|---|---|
Share Price CYE | $929.89 | $1,060.12 | $706.49 |
Market Cap CYE ($ Bil) | 192.6 | 218.8 | 144.6 |
Total Debt ($ Bil) | 2.4 | 2.3 | 2.3 |
Total Cash ($ Bil) | 6.1 | 5.8 | 4.9 |
Enterprise Value ($ Bil) | 188.9 | 221.1 | 146.9 |
Valuation Ratios | |||
P/S TTM | 16.0 | 19.9 | 16.1 |
P/EBIT TTM | 95.0 | 123.9 | 139.8 |
P/E TTM | 116.0 | 153.1 | 83.3 |
Sector Ratios | |||
P/S TTM (Sector) | 3.2 | 3.1 | 2.8 |
P/EBIT TTM (Sector) | 4.0 | -0.0 | -0.1 |
P/E TTM (Sector) | -0.4 | -0.3 | -0.4 |
Business Description
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.
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Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
NOW Return | 95% | 18% | -40% | 82% | 50% | -12% | 229% |
Peers Return | 132% | 1% | -57% | 50% | 8% | -11% | 46% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 104% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: TEAM, PEGA, ALRM, VRNT, FSLY. See NOW Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for ServiceNow
Financials
Median | |
---|---|
Name | |
Mkt Price | 56.88 |
Mkt Cap | 6.3 |
Rev LTM | 1,326 |
Op Inc LTM | 101 |
FCF LTM | 284 |
FCF 3Y Avg | 204 |
CFO LTM | 298 |
CFO 3Y Avg | 221 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 10.1% |
Rev Chg 3Y Avg | 12.4% |
Rev Chg Q | 10.9% |
QoQ Delta Rev Chg LTM | 2.5% |
Op Mgn LTM | 10.7% |
Op Mgn 3Y Avg | 8.3% |
QoQ Delta Op Mgn LTM | 0.4% |
CFO/Rev LTM | 21.7% |
CFO/Rev 3Y Avg | 17.9% |
FCF/Rev LTM | 20.4% |
FCF/Rev 3Y Avg | 16.0% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 6.3 |
P/S | 4.4 |
P/EBIT | 15.6 |
P/E | 20.7 |
P/CFO | 22.5 |
Total Yield | 1.6% |
Dividend Yield | 0.0% |
FCF Yield 3Y Avg | 3.5% |
D/E | 0.2 |
Net D/E | -0.0 |
Returns
Median | |
---|---|
Name | |
1M Rtn | 5.9% |
3M Rtn | 4.2% |
6M Rtn | 2.6% |
12M Rtn | 6.2% |
3Y Rtn | -19.8% |
1M Excs Rtn | 4.9% |
3M Excs Rtn | -10.9% |
6M Excs Rtn | -13.2% |
12M Excs Rtn | -11.9% |
3Y Excs Rtn | -82.8% |
Comparison Analyses
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
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% |
1/24/2024 | 0.4% | 0.3% | 1.0% |
10/25/2023 | 3.9% | 11.9% | 27.1% |
... | |||
SUMMARY STATS | |||
# Positive | 17 | 18 | 17 |
# Negative | 7 | 6 | 7 |
Median Positive | 5.5% | 6.6% | 11.1% |
Median Negative | -3.6% | -5.9% | -5.2% |
Max Positive | 15.5% | 20.0% | 27.1% |
Max Negative | -11.4% | -13.9% | -18.7% |
SEC Filings
Expand for MoreReport Date | Filing |
---|---|
6302025 | 10-Q 6/30/2025 |
3312025 | 10-Q 3/31/2025 |
12312024 | 10-K 12/31/2024 |
9302024 | 10-Q 9/30/2024 |
6302024 | 10-Q 6/30/2024 |
3312024 | 10-Q 3/31/2024 |
12312023 | 10-K 12/31/2023 |
9302023 | 10-Q 9/30/2023 |
6302023 | 10-Q 6/30/2023 |
3312023 | 10-Q 3/31/2023 |
12312022 | 10-K 12/31/2022 |
9302022 | 10-Q 9/30/2022 |
6302022 | 10-Q 6/30/2022 |
3312022 | 10-Q 3/31/2022 |
12312021 | 10-K 12/31/2021 |
9302021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Fipps Paul | President, Global Customer Ops | 8212025 | Sell | 895.05 | 1,452 | 1,299,999 | 408,661 | Form |
1 | McDermott William R | Chairman & CEO | 8212025 | Sell | 900.00 | 1,585 | 1,426,502 | 11,195,112 | Form |
2 | ELMER RUSSELL S | General Counsel | 8212025 | Sell | 884.26 | 1,698 | 1,501,473 | 3,830,614 | Form |
3 | McBride Kevin Thomas | Principal Accounting Officer | 8192025 | Sell | 851.77 | 280 | 238,496 | 3,964,138 | Form |
4 | Chamberlain Paul Edward | 8182025 | Sell | 860.00 | 300 | 258,000 | 8,501,960 | Form |
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