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ServiceNow, Inc. NOW

NYSE · stock · Services-Prepackaged Software · website · IPO 2012-06-29 · LEI

ServiceNow, Inc. statistics & valuation

Market cap$101.4B
P / E58.0×
P / S7.6×
P / B7.8×
P / FCF22.2×
Net margin13.2%
Return on equity13.5%
FCF margin34.5%
Net cash$2.2B
Net debt / EBITDA-0.9×
Enterprise value USD$99.2B
EV / EBITDA38.7×
Earnings yield EBIT/EV1.8%
Return on capital11.7%
Graham number -82.7%$21.57

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($21.57); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-29.80% -6.00% -1.00% 18.10% 2.60% 3.90% 4.50% 19.30% 13.00% 13.20% 2016201720182019202020212022202320242025
Gross margin (%)
71.30% 73.40% 76.10% 77.00% 78.20% 77.10% 78.30% 78.60% 79.20% 77.50% 2016201720182019202020212022202320242025
Operating margin (%)
-27.50% -3.30% -1.60% 1.20% 4.40% 4.40% 4.90% 8.50% 12.40% 13.70% 2016201720182019202020212022202320242025
Return on equity (%)
-76.60% -15.00% -2.40% 29.50% 4.20% 6.20% 6.50% 22.70% 14.80% 13.50% 2016201720182019202020212022202320242025
Shares outstanding
837.2M 871.4M 900.9M 986.1M 1.01B 1.02B 1.02B 1.03B 1.04B 1.05B 2016201720182019202020212022202320242025
Net debt ($)
-$81.0M -$37.0M -$2.23B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-20.40% -3.30% -0.70% 10.40% 1.40% 2.10% 2.40% 10.00% 7.00% 6.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
3.80% 25.50% 22.50% 28.10% 30.30% 30.50% 30.00% 30.10% 31.10% 34.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.33× 0.58× 0.12× 2016201720182019202020212022202320242025
EPS ($)
-$0.14 -$0.03 $0.64 $0.12 $0.23 $0.32 $1.68 $1.37 $1.67 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ServiceNow, Inc. trades at about 74.8× earnings — below its 10-year norm (10-year range 70.1×–920.6×, median 148.7×).

70.1× 920.6×

Shaded band = 10-year range (70.1×–920.6×); dot = today's 74.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin77.5%79.2%78.6%78.3%77.1%78.2%77.0%76.1%73.4%71.3%
Operating margin13.7%12.4%8.5%4.9%4.4%4.4%1.2%-1.6%-3.3%-27.5%
Net margin13.2%13.0%19.3%4.5%3.9%2.6%18.1%-1.0%-6.0%-29.8%
FCF margin34.5%31.1%30.1%30.0%30.5%30.3%28.1%22.5%25.5%3.8%
Return on assets6.7%7.0%10.0%2.4%2.1%1.4%10.4%-0.7%-3.3%-20.4%
Return on equity13.5%14.8%22.7%6.5%6.2%4.2%29.5%-2.4%-15.0%-76.6%
Debt / equity0.12×————0.58×0.33×———
Current ratio1.001.101.061.111.051.211.031.171.191.25

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.