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ServiceNow Inc.

NOWTechnology

Generated Jul 5, 2026, 08:51 PM UTC

analytical score -33

NOW (ServiceNow Inc.) analytical snapshot. Return on equity 34.40%, ROA 8.49%, ROIC 15.14%. Net income up ▲ +432.6% YoY. Debt/equity 0.13, current ratio 0.84, net debt -$1.22B. Market cap $109.62B at $106.32 per share. Trailing P/E 63.29, P/S 109.02, P/B 9.35. EV/Operating income ≈ 142.25 (EV $108.40B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -33 (data confidence 83%). Descriptive analytics from public filings — not investment advice.

Market cap
$109.62B
1.03B shares
Price
$106.32
NYQ
P/E (ttm)
63.29
Revenue (FY)
—
Net margin
—
Free cash flow
$2.70B
Risk level
Elevated

Free SEC analysis

— computed from SEC filings, free to read
Free previewFundamentals Analyst

Fundamentals

Fundamentals Analyst
score 5Stable
80% conf

Return on equity 34.40%, ROA 8.49%, ROIC 15.14%. Net income up ▲ +432.6% YoY. Debt/equity 0.13, current ratio 0.84, net debt -$1.22B.

  • Return on equity 34.40%, ROA 8.49%, ROIC 15.14%.
  • Net income up ▲ +432.6% YoY.
  • Debt/equity 0.13, current ratio 0.84, net debt -$1.22B.
Revenue (FY)
—
Net margin
—
ROE
34.40%
ROA 8.49%
ROIC
15.14%
EPS (diluted)
$1.68
FY2025
Free cash flow
$2.70B
Debt / equity
0.13
Cash $2.70B
Current ratio
0.84
Equity $11.73B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
FYRevenueRev YoYGross%Op%Net%FCFROE%
2016$682.6M—63.55-22.24-26.28$86.6M-45.50
2017$1.01B+47.3%67.24-16.55-19.73$230.3M-46.29
2018—————$53.5M-73.08
2019—————$492.4M-21.59
2020—————$586.6M-3.43
2021—————$971.0M56.46
2022—————$1.37B5.59
2023—————$1.80B8.12
2024—————$2.17B8.80
2025—————$2.70B34.40
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
Quarter endRevenueYoYQoQNet margin
Jun 30, 2017$448.3M-30.7%—-21.67%
Sep 30, 2017$1.39B+38.0%+209.3%-8.75%
Sep 30, 2017$498.2M-50.4%-64.1%-24.35%
Mar 31, 2018$589.2M+41.4%+18.3%1.80%
Jun 30, 2018$1.22B+37.3%+107.1%-3.45%
Jun 30, 2018$631.1M-29.0%-48.3%-6.68%
Revenue (annual, SEC 10-K)
2016: 683
2017: 1,005
2018: 0
2019: 0
2020: 0
2021: 0
2022: 0
2023: 0
2024: 0
2025: 0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
-26.3-2.920.443.867.2201620182020202220242025
GrossOperatingNet
Free cash flow (annual)
2016: 87
2017: 230
2018: 54
2019: 492
2020: 587
2021: 971
2022: 1,367
2023: 1,799
2024: 2,173
2025: 2,704
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst

Filings & Ownership

Regulatory Analyst
score 20Improving
80% conf

Latest annual report (10-K) filed Jan 29, 2026. Latest quarterly report (10-Q) filed Apr 23, 2026. 10 recent 8-K material-event filings in the index.

  • Latest annual report (10-K) filed Jan 29, 2026.
  • Latest quarterly report (10-Q) filed Apr 23, 2026.
  • 10 recent 8-K material-event filings in the index.
  • Recent insider Form 4s: 0 buy vs 0 sell transactions.
  • ~10,000+ recent 13F-HR filings reference ServiceNow Inc.; broad institutional reporting.
  • Recent filers include SOUNDPOST PARTNERS, LP, Saranac Partners Ltd, Parallax Volatility Advisers, L.P..
  • 20 recent 13G passive institutional ownership notices.
Latest 10-K
Jan 29, 2026
Annual report
Latest 10-Q
Apr 23, 2026
8-K (recent)
10
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
FilerFormFiled
SOUNDPOST PARTNERS, LP13F-HRNov 14, 2012
Saranac Partners Ltd13F-HRDec 5, 2025
Parallax Volatility Advisers, L.P.13F-HRFeb 16, 2021
COATUE MANAGEMENT LLC13F-HRFeb 14, 2025
Lord & Richards Wealth Management, LLC13F-HRNov 4, 2025
Recent 8-K material events
DateFormDescription
May 22, 20268-K8-K
May 15, 20268-K8-K
Apr 22, 20268-K8-K
Apr 1, 20268-K8-K
Feb 17, 20268-K8-K
Feb 11, 20268-K8-K
Jan 28, 20268-K8-K
Dec 23, 20258-K8-K
Sources:SEC EDGAR — Company FilingsSEC EDGAR — Full-Text Search
Free previewSEC Filing Analyst

SEC Filing Deep-Analysis

SEC Filing Analyst
score -78Deteriorating
66% conf

5 risk signal(s), 2 positive signal(s), 4 watch item(s) detected from XBRL filing diff analysis. Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.

  • Gross margin compression: Gross margin contracted +129.8%pp (from 831.0% to 701.2%). This may reflect input cost inflation, pricing pressure, or product mix shift toward lower-margin segments.
  • NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
  • Material weakness in internal controls: The term "material weakness" appears in 31 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
  • NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
  • Restatement of financial statements: The term "restate" "financial statements" appears in 39 recent filing(s) (vs 8 in the prior period). This risk language is ongoing.
  • Operating cash flow exceeds net income: OCF is 1.96x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
  • Endogenous analysis: Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
  • 20 disclosure(s) dropped from prior year — reduced reporting granularity.
  • 5 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue, Impairment charge, Restructuring, Off-balance sheet arrangements.
  • Ongoing high-severity risk language: Material weakness in internal controls, Restatement of financial statements.
Revenue
$1.01B
+47.3% YoY
Gross profit
$7.05B
+24.3% YoY
Operating income
$762.0M
+114.6% YoY
Net income
$1.73B
+432.6% YoY
Operating cash flow
$3.40B
+24.8% YoY
Capex
$694.0M
+26.2% YoY
Total assets
$20.38B
+17.2% YoY
Total liabilities
$10.77B
+10.4% YoY
Filing quality score
70/100
stable
SEC XBRL metric changes (latest annual vs prior)
MetricPrior yearLatest yearChange% Change
Revenue$682.6M$1.01B$322.9M+47.3%
Gross profit$5.67B$7.05B$1.38B+24.3%
Operating income$355.0M$762.0M$407.0M+114.6%
Net income$325.0M$1.73B$1.41B+432.6%
Operating cash flow$2.72B$3.40B$675.0M+24.8%
Capex$550.0M$694.0M$144.0M+26.2%
Total assets$17.39B$20.38B$3.00B+17.2%
Total liabilities$9.76B$10.77B$1.01B+10.4%
Cash & equivalents$1.47B$1.90B$427.0M+29.0%
Stockholders equity$3.69B$5.03B$1.34B+36.2%
Accounts receivable$2.04B$2.24B$204.0M+10.0%
R&D expense$1.77B$2.12B$356.0M+20.1%
Interest expense$33.0M$33.0M$00.0%
XBRL disclosure changes (new vs dropped concepts)
TypeConcepts
RemovedAccruedIncomeTaxes, AdvertisingExpense, AllocatedShareBasedCompensationExpense, BusinessCombinationAcquisitionRelatedCosts, CapitalizedContractCostImpairmentLoss, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit
Risk language in filing text (EDGAR full-text search)
TermSeverityRecentPriorStatus
Going concern doubthigh10NEW
Material weakness in internal controlshigh312Ongoing
Substantial doubt about ability to continuehigh10NEW
Restatement of financial statementshigh398Ongoing
Impairment chargemedium130NEW
Restructuringmedium290NEW
Off-balance sheet arrangementsmedium340NEW
Related party transactionslow130NEW
Filing signal breakdown
Red flags: 5
Positive: 2
Watch: 4
Red flags
Positive
Watch
Sources:SEC EDGAR — Company Facts (XBRL)SEC EDGAR — Financial Reports

Unlock the rest

  • Valuation
    Market cap $109.62B at $106.32 per share.
    Pro
  • Price & Technicals
    Price $106.32 — downtrend (below 200-DMA); 1-month momentum negative.
    Pro
  • Macro & Rates
    Market regime: Risk-on · Supportive.
    Pro
  • Risk Scorecard
    Composite risk: Elevated.
    Pro

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3 sections free · 4 Pro sections locked · composite -33

Macro exposure

Cyclical / growth · High sensitivity
Supportive

Macro regime: Risk-on · Supportive. ServiceNow Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.

Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%

Analytical read

deterministic preview

Latest annual report (10-K) filed Jan 29, 2026..

Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Open analytical workspace

Peer comparison

Cyclical / growth group

How NOW stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.

CompanyScoreMacro
Marathon Petroleum MPC25Supportive
Nike Inc. NKE24Supportive
Airbnb Inc. ABNB22Supportive
Datadog Inc. DDOG16Supportive
Okta Inc. OKTA15Supportive
Valero Energy VLO13Supportive
Deere & Co. DE12Supportive
ASML Holding NV ASML10Supportive
Marriott International MAR10Supportive
GE Aerospace GE10Supportive
United Parcel Service UPS9Supportive
Snowflake Inc. SNOW8Supportive
Cloudflare Inc. NET8Supportive
NVIDIA Corp. NVDA7Supportive
Alphabet Inc. GOOGL7Supportive
General Motors Co. GM7Supportive
Booking Holdings BKNG6Supportive
Nucor Corp. NUE5Supportive
Shopify Inc. SHOP5Supportive
Ulta Beauty Inc. ULTA5Supportive
Pinterest Inc. PINS5Supportive
Amazon.com Inc. AMZN4Supportive
Microchip Technology MCHP3Supportive
Warner Bros Discovery WBD3Supportive
Adobe Inc. ADBE3Supportive
Intuit Inc. INTU2Supportive
General Dynamics GD1Supportive
Roku Inc. ROKU1Supportive
Lockheed Martin LMT0Supportive
Boeing Co. BA0Supportive
Hess Corp. HES0Supportive
MercadoLibre Inc. MELI-1Supportive
EOG Resources EOG-2Supportive
Applied Materials Inc. AMAT-2Supportive
IBM Corp. IBM-3Supportive
Energy Transfer ET-3Supportive
Meta Platforms Inc. META-4Supportive
Uber Technologies UBER-4Supportive
Phillips 66 PSX-4Supportive
United Airlines Holdings UAL-5Supportive
Caterpillar Inc. CAT-5Supportive
Alibaba Group BABA-5Supportive
Comcast Corp. CMCSA-6Supportive
TJX Cos. TJX-6Supportive
Starbucks Corp. SBUX-6Supportive
Schlumberger N.V. SLB-7Supportive
Workday Inc. WDAY-7Supportive
McDonald's Corp. MCD-7Supportive
Micron Technology MU-8Supportive
CF Industries CF-8Supportive
Lam Research Corp. LRCX-8Supportive
Albemarle Corp. ALB-8Supportive
Delta Air Lines DAL-8Supportive
Yum Brands Inc. YUM-8Supportive
Linde plc LIN-9Supportive
Home Depot Inc. HD-10Supportive
Sherwin-Williams SHW-10Supportive
Chipotle Mexican Grill CMG-10Supportive
Old Dominion Freight ODFL-10Supportive
Salesforce Inc. CRM-11Supportive
Netflix Inc. NFLX-12Supportive
Union Pacific Corp. UNP-12Supportive
Norfolk Southern NSC-13Supportive
Air Products & Chemicals APD-13Supportive
Exxon Mobil Corp. XOM-14Supportive
Palo Alto Networks PANW-14Supportive
Royal Caribbean Group RCL-15Supportive
Apple Inc. AAPL-15Supportive
ConocoPhillips COP-15Supportive
Zscaler Inc. ZS-15Supportive
Occidental Petroleum OXY-15Supportive
Devon Energy DVN-16Supportive
Kinder Morgan KMI-16Supportive
Cisco Systems Inc. CSCO-16Supportive
CSX Corp. CSX-16Supportive
Microsoft Corp. MSFT-16Supportive
Tesla Inc. TSLA-17Supportive
Walt Disney Co. DIS-17Supportive
Dow Inc. DOW-17Supportive
ON Semiconductor Corp. ON-18Supportive
Oracle Corp. ORCL-18Supportive
CrowdStrike Holdings CRWD-18Supportive
Mosaic Co. MOS-18Supportive
RTX Corp. RTX-19Supportive
Advanced Micro Devices AMD-19Supportive
Freeport-McMoRan FCX-20Supportive
Dollar General Corp. DG-20Supportive
Eaton Corp. ETN-22Supportive
Chevron Corp. CVX-22Supportive
T-Mobile US Inc. TMUS-22Supportive
3M Co. MMM-23Supportive
Lowe's Cos. LOW-24Supportive
Texas Instruments TXN-24Supportive
Honeywell International HON-24Supportive
Qualcomm Inc. QCOM-25Supportive
Marvell Technology MRVL-29Supportive
Intel Corp. INTC-31Supportive
Verizon Communications VZ-31Supportive
ServiceNow Inc. NOW● you-33Supportive
Newmont Corp. NEM-34Supportive
Autodesk Inc. ADSK-34Supportive
Broadcom Inc. AVGO-35Supportive
Spotify Technology SPOT—Supportive