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ServiceNow Inc.
NOWTechnologyGenerated Aug 19, 2026, 10:30 PM UTC
NOW (ServiceNow Inc.) analytical snapshot. Revenue grew +20.9% YoY to $13.28B. 5-year revenue CAGR +17.6%; 10y CAGR +28.5%. Net margin at 13.16% (expanding ▲). Market cap $131.52B at $127.20 per share. Trailing P/E 76.17, P/S 9.91, P/B 10.51. EV/Operating income ≈ 73.72 (EV $134.46B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -0 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$131.52B
1.03B shares
Price
$127.20
NYQ
P/E (ttm)
76.17
Revenue (FY)
$13.28B
YoY +20.9%
Net margin
13.16%
▲ 8.68pp
Free cash flow
$4.58B
34.46% margin
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 15Stable
80% conf
Latest quarterly report (10-Q) filed Jul 23, 2026. 7 recent 8-K material-event filings in the index. Recent insider Form 4s: 0 buy vs 0 sell transactions.
- Latest quarterly report (10-Q) filed Jul 23, 2026.
- 7 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..
Latest 10-K
—
Latest 10-Q
Jul 23, 2026
8-K (recent)
7
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| SOUNDPOST PARTNERS, LP | 13F-HR | Nov 14, 2012 |
| Saranac Partners Ltd | 13F-HR | Dec 5, 2025 |
| Parallax Volatility Advisers, L.P. | 13F-HR | Feb 16, 2021 |
| COATUE MANAGEMENT LLC | 13F-HR | Feb 14, 2025 |
| Lord & Richards Wealth Management, LLC | 13F-HR | Nov 4, 2025 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jul 22, 2026 | 8-K | 8-K |
| May 22, 2026 | 8-K | 8-K |
| May 15, 2026 | 8-K | 8-K |
| Apr 22, 2026 | 8-K | 8-K |
| Apr 1, 2026 | 8-K | 8-K |
| Feb 17, 2026 | 8-K | 8-K |
| Feb 11, 2026 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -55Deteriorating
66% conf
3 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.
- NEW: Going concern doubt in latest filing: The term "going concern" "substantial doubt" 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).
- NEW: Material weakness in internal controls in latest filing: The term "material weakness" "internal control" 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 3 filing(s).
- NEW: Restatement of financial statements in latest filing: The term "restatement of" "previously issued" 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 5 filing(s).
- Operating cash flow exceeds net income: OCF is 3.11x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Deferred revenue growing — future revenue visibility: Deferred revenue grew +21.9% to $8.31B, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- Goodwill is 31% of total assets: Goodwill of $9.84B represents a large share of the balance sheet. If acquired businesses underperform, a non-cash impairment charge could materially impact earnings. Monitor segment performance and acquisition integration metrics.
- 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.
- 14 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 6 new risk-language term(s) detected in filing text: Going concern doubt, Material weakness in internal controls, Restatement of financial statements, Impairment charge, Restructuring, Off-balance sheet arrangements.
Revenue
$13.28B
+20.9% YoY
Gross profit
$10.29B
+18.4% YoY
Operating income
$1.82B
+33.7% YoY
Net income
$1.75B
+22.7% YoY
Operating cash flow
$5.44B
+27.6% YoY
Capex
$868.0M
+1.9% YoY
Total assets
$26.04B
+27.7% YoY
Total liabilities
$13.07B
+21.3% YoY
Filing quality score
80/100
14 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $10.98B | $13.28B | $2.29B | +20.9% |
| Gross profit | $8.70B | $10.29B | $1.60B | +18.4% |
| Operating income | $1.36B | $1.82B | $460.0M | +33.7% |
| Net income | $1.43B | $1.75B | $323.0M | +22.7% |
| Operating cash flow | $4.27B | $5.44B | $1.18B | +27.6% |
| Capex | $852.0M | $868.0M | $16.0M | +1.9% |
| Total assets | $20.38B | $26.04B | $5.66B | +27.7% |
| Total liabilities | $10.77B | $13.07B | $2.30B | +21.3% |
| Cash & equivalents | $2.30B | $3.73B | $1.42B | +61.7% |
| Stockholders equity | $9.61B | $12.96B | $3.35B | +34.9% |
| Accounts receivable | $2.24B | $2.63B | $387.0M | +17.3% |
| R&D expense | $2.54B | $2.96B | $417.0M | +16.4% |
| Interest expense | $28.0M | $27.0M | $-1.0M | -3.6% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed, CommercialPaper, DebtInstrumentUnamortizedDiscountCurrent, DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet, EquitySecuritiesFvNiUnrealizedGainLoss, InterestExpenseDebt, LongTermDebt, OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax, ProceedsFromIssuanceOfCommercialPaper, ProceedsFromIssuanceOfSeniorLongTermDebt |
| Removed | AccruedIncomeTaxes, AdvertisingExpense, AllocatedShareBasedCompensationExpense, BusinessCombinationAcquisitionRelatedCosts, CapitalizedContractCostImpairmentLoss, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 1 | 0 | NEW |
| Material weakness in internal controls | high | 3 | 0 | NEW |
| Restatement of financial statements | high | 5 | 0 | NEW |
| Impairment charge | medium | 5 | 0 | NEW |
| Restructuring | medium | 5 | 0 | NEW |
| Off-balance sheet arrangements | medium | 5 | 0 | NEW |
| Related party transactions | low | 5 | 0 | NEW |
Filing signal breakdown
Red flags: 3
Positive: 2
Watch: 4
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 65Improving
80% conf
Revenue grew +20.9% YoY to $13.28B. 5-year revenue CAGR +17.6%; 10y CAGR +28.5%. Net margin at 13.16% (expanding ▲).
- Revenue grew +20.9% YoY to $13.28B.
- 5-year revenue CAGR +17.6%; 10y CAGR +28.5%.
- Net margin at 13.16% (expanding ▲).
- Return on equity 13.48%, ROA 6.71%, ROIC 14.07%.
- Gross margin 77.53%, operating margin 13.74%.
- Free cash flow margin 34.46% ($4.58B).
- Net income up ▲ +22.7% YoY.
- Debt/equity 0.43, current ratio 0.70, net debt $2.93B.
- Asset turnover 0.42 — capital efficiency.
Revenue (FY)
$13.28B
YoY +20.9%
Net margin
13.16%
▲ 8.68pp
ROE
13.48%
ROA 6.71%
ROIC
14.07%
EPS (diluted)
$1.67
FY2025
Free cash flow
$4.58B
34.46% margin
Debt / equity
0.43
Cash $2.50B
Current ratio
0.70
Equity $12.52B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $10.98B | +22.4% | 79.18 | 12.42 | 12.97 | $3.42B | 14.83 |
| 2025 | $13.28B | +20.9% | 77.53 | 13.74 | 13.16 | $4.58B | 13.48 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Sep 30, 2016 | $357.7M | +37.0% | — | -10.14% |
| Mar 31, 2017 | $428.8M | +40.2% | +19.9% | -5.02% |
| Jun 30, 2017 | $448.3M | +31.3% | +4.5% | -12.45% |
| Sep 30, 2017 | $498.2M | +39.3% | +11.1% | -4.45% |
| Mar 31, 2018 | $589.2M | +37.4% | +18.3% | 1.80% |
| Jun 30, 2018 | $631.1M | +40.8% | +7.1% | -8.36% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -80Deteriorating
95% conf
Market cap $131.52B at $127.20 per share. Trailing P/E 76.17, P/S 9.91, P/B 10.51. EV/Operating income ≈ 73.72 (EV $134.46B).
- Market cap $131.52B at $127.20 per share.
Market cap
$131.52B
1.03B shares
P/E (ttm)
76.17
P/S
9.91
P/B
10.51
EV
$134.46B
Intrinsic (DCF)
$76.13
-40.1% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 65Improving
85% conf
Price $127.20 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 69.79.
- Price $127.20 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$127.20
NYQ
RSI(14)
69.79
50-DMA
$108.02
200-DMA
$120.85
Volatility (ann.)
55.77%
52w range
$81.24–$194.73
-34.7% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.71%
10Y−2Y
0.46pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -20Deteriorating
90% conf
Composite risk Elevated. Leverage debt/equity 0.43 (moderate). Liquidity current ratio 0.70 (stretched).
- Composite risk: Elevated.
Risk level
Elevated
Debt / equity
0.43
Current ratio
0.70
Margin stdev
23.04pp
Cash / assets
7.90%
Liab / assets
60.47%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro 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
15.84
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewRevenue grew **+20.9%** YoY to $13.28B..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow NOW stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| CF Industries CF | 33 | Supportive |
| MercadoLibre Inc. MELI | 32 | Supportive |
| Booking Holdings BKNG | 32 | Supportive |
| Uber Technologies UBER | 32 | Supportive |
| Shopify Inc. SHOP | 30 | Supportive |
| Newmont Corp. NEM | 29 | Supportive |
| Alphabet Inc. GOOGL | 29 | Supportive |
| Intuit Inc. INTU | 28 | Supportive |
| Pinterest Inc. PINS | 28 | Supportive |
| Salesforce Inc. CRM | 27 | Supportive |
| Adobe Inc. ADBE | 26 | Supportive |
| Workday Inc. WDAY | 20 | Supportive |
| Microsoft Corp. MSFT | 19 | Supportive |
| NVIDIA Corp. NVDA | 17 | Supportive |
| Netflix Inc. NFLX | 17 | Supportive |
| Marvell Technology MRVL | 16 | Supportive |
| Roku Inc. ROKU | 15 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Comcast Corp. CMCSA | 15 | Supportive |
| Cloudflare Inc. NET | 14 | Supportive |
| Meta Platforms Inc. META | 14 | Supportive |
| T-Mobile US Inc. TMUS | 14 | Supportive |
| Datadog Inc. DDOG | 14 | Supportive |
| Amazon.com Inc. AMZN | 11 | Supportive |
| Eaton Corp. ETN | 10 | Supportive |
| Airbnb Inc. ABNB | 10 | Supportive |
| Chipotle Mexican Grill CMG | 9 | Supportive |
| Delta Air Lines DAL | 9 | Supportive |
| Energy Transfer ET | 8 | Supportive |
| ConocoPhillips COP | 8 | Supportive |
| Spotify Technology SPOT | 8 | Supportive |
| Exxon Mobil Corp. XOM | 8 | Supportive |
| GE Aerospace GE | 7 | Supportive |
| Zscaler Inc. ZS | 7 | Supportive |
| Valero Energy VLO | 7 | Supportive |
| IBM Corp. IBM | 6 | Supportive |
| General Dynamics GD | 6 | Supportive |
| Snowflake Inc. SNOW | 6 | Supportive |
| United Airlines Holdings UAL | 5 | Supportive |
| Oracle Corp. ORCL | 5 | Supportive |
| Lam Research Corp. LRCX | 5 | Supportive |
| Qualcomm Inc. QCOM | 5 | Supportive |
| ASML Holding NV ASML | 4 | Supportive |
| Dollar General Corp. DG | 4 | Supportive |
| Boeing Co. BA | 4 | Supportive |
| Advanced Micro Devices AMD | 1 | Supportive |
| Alibaba Group BABA | 1 | Supportive |
| Ulta Beauty Inc. ULTA | 1 | Supportive |
| Autodesk Inc. ADSK | 1 | Supportive |
| Devon Energy DVN | 1 | Supportive |
| Verizon Communications VZ | 1 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| ServiceNow Inc. NOW● you | 0 | Supportive |
| Walt Disney Co. DIS | 0 | Supportive |
| Kinder Morgan KMI | 0 | Supportive |
| Occidental Petroleum OXY | -1 | Supportive |
| RTX Corp. RTX | -2 | Supportive |
| General Motors Co. GM | -2 | Supportive |
| Honeywell International HON | -2 | Supportive |
| Marathon Petroleum MPC | -2 | Supportive |
| Apple Inc. AAPL | -3 | Supportive |
| Lockheed Martin LMT | -4 | Supportive |
| Cisco Systems Inc. CSCO | -4 | Supportive |
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| Broadcom Inc. AVGO | -16 | Supportive |
| Yum Brands Inc. YUM | -16 | Supportive |
| United Parcel Service UPS | -17 | Supportive |
| Air Products & Chemicals APD | -17 | Supportive |
| Dow Inc. DOW | -17 | Supportive |
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| Mosaic Co. MOS | -19 | Supportive |
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| Marriott International MAR | -21 | Supportive |
| Home Depot Inc. HD | -22 | Supportive |
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| Warner Bros Discovery WBD | -27 | Supportive |
| Starbucks Corp. SBUX | -29 | Supportive |
| Deere & Co. DE | -31 | Supportive |
| ON Semiconductor Corp. ON | -46 | Supportive |
| Tesla Inc. TSLA | -47 | Supportive |