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ServiceNow, Inc. logo

ServiceNow, Inc.

NOWNYSE

$157.50

Last price · USD

Market cap
$164.9B
P/E
94.3x
EV / EBITDA
54.5x
P/S
12.4x
FCF yield
2.8%
Div. yield
0.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

OverviewBusinessFinancialsPeersChartsValuation

Revenue

$13.28B

+20.9%

4Y CAGR +22.5%

Gross profit

$10.29B

+18.4%

4Y CAGR +22.7%

Operating income

$1.82B

+33.7%

4Y CAGR +63.2%

Net income

$1.75B

+22.7%

4Y CAGR +66.0%

EPS (diluted)

$1.67

+21.9%

4Y CAGR +64.2%

Free cash flow

$4.58B

+34.0%

4Y CAGR +26.4%

Revenue & net income

Fiscal 2021–2025 · USD

All charts
$13B$11B$8B$5B$3B$0M$5.90B$7.25B$8.97B$10.98B$13.28B20212022202320242025
RevenueNet income

Valuation

At $157.50 · FY2025 fundamentals

Market cap
$164.9B
Enterprise value
$163.6B
P/E
94.3x
P/S
12.4x
P/B
12.7x
EV / EBITDA
54.5x
EV / Sales
12.3x
Earnings yield
1.1%
FCF yield
2.8%
Shareholder yield
1.1%
Estimate intrinsic value with a DCF

Profitability

Margins as a share of revenue

MetricLatest4Y agoTrend
Gross margin77.5%+0.5pp77.1%
Operating margin13.7%+9.4pp4.4%
EBITDA margin22.6%+9.9pp12.7%
Net margin13.2%+9.3pp3.9%
FCF margin34.5%+4.1pp30.4%

Returns & financial health

FY2025 with 4-year trend

MetricLatest4Y agoTrend
Return on equity13.5%6.2%
Return on invested capital12.1%5.7%
Return on assets6.7%2.1%
Debt / equity0.19x0.60x
Net debt / EBITDA-0.44x0.65x
Current ratio1.00x1.05x

Cash & equivalents

$3.73B

Total debt

$2.40B

Capital allocation

How NOW used its cash in FY2025

Operating cash flow
$5.44B
Capital expenditure
$868M
Dividends paid
$0.00
Share repurchases
$1.84B
Stock-based compensation
$1.96B
Diluted shares
1.05B
Share count change (4Y)
+3.1%

Analyst estimates

Consensus for upcoming fiscal years

Fiscal yearRevenueGrowthEPSGrowth
FY2025 actual$13.28B$1.67
FY2026E31 analysts$16.21B+22.1%$4.07+143.9%
FY2027E26 analysts$19.26B+18.8%$5.02+23.2%
FY2028E14 analysts$22.83B+18.6%$6.09+21.3%

About ServiceNow, Inc.

Technology · Software - Application

ServiceNow, Inc. specializes in delivering cloud-based solutions designed to streamline and automate critical business services for organizations across the globe. Its flagship "Now Platform" serves as the foundation, leveraging technologies such as workflow automation, artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA).

servicenow.com
Sector
Technology
Industry
Software - Application
CEO
William R. McDermott
Employees
29,187
Headquarters
Santa Clara, CA, US
IPO date
2012-06-29

ServiceNow, Inc. (NOW) — frequently asked questions

Answered from the company's SEC filings

ServiceNow, Inc. specializes in delivering cloud-based solutions designed to streamline and automate critical business services for organizations across the globe.

ServiceNow, Inc. reported revenue of $13.28B in fiscal 2025, up 20.9% from the prior year. Over the last 4 years, revenue has grown at 22.5% a year.

Yes. ServiceNow, Inc. earned net income of $1.75B in fiscal 2025, a net margin of 13.2%, and generated $4.58B of free cash flow.

At a share price of $157.50, NOW trades at about 94.3x its fiscal 2025 earnings per share, with a market capitalization of roughly $164.9B. Its EV/EBITDA multiple is 54.5x.

ServiceNow, Inc. did not pay a common dividend in fiscal 2025.

ServiceNow, Inc. had total debt of $2.40B and cash of $3.73B at the end of fiscal 2025, giving net debt of -0.4x EBITDA.

ServiceNow, Inc.'s return on invested capital was 12.1% in fiscal 2025, and its return on equity was 13.5%.

Explore the full income statement, balance sheet and cash flow statement. Not investment advice.