ServiceNow, Inc. (NOW)
Information Technology · Systems Software · US stock · S&P 500 component
$141.97
▼ -6.60 (4.44%)
Fair valueData under review
$31
$15fair band $19–$43$46
Day's range
$139.94 – $154.20
52-week range
$81.24 – $192.97
About ServiceNow, Inc.
ServiceNow provides a cloud platform that helps organisations run work through automated digital workflows. Its products cover IT service and operations management, employee and customer service, security and risk, and tools for building custom business applications, with artificial intelligence features built in. Customers are large enterprises and public sector bodies, typically on subscription terms, and the company is based in California.
ServiceNow earns revenue mainly from subscriptions to its platform, supplemented by professional services. Revenue is $14.7 billion over the last twelve months, growing at 22.4% a year across three years. The operating margin is 11.4%, and the business earns a profit of 6% on the capital invested in it. The company carries net debt of 2.1 times EBITDA and pays no dividend. On the site's X-Ray Score it receives 39 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $81.24 – $192.97Volume 15,477,159Daily, split-adjusted
Vitals
Market cap$146.8B
52-week range$81.24 – $192.97
Volume (last day)15,477,159
P/E (TTM)70.8
EBIT / EV yield1.1%
Free-cash-flow yield3.1%
Dividend yieldNo dividend
Revenue (TTM)$14.7B
Net income (TTM)$1.7B
Operating margin11.4%
Return on capital6.5%
Debt incl. leases$10.6B
Cash & securities$4.7B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$31model spread $29 – $33
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.62x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $142
Undervalued < $19Fair $19 – $43Overvalued > $43
10-year DCF (market-scaled)
$28
Peer multiples
$34
Earnings power floor (not blended)
$3
Fundamentals-adjusted multiple
$31
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
23/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield1.1%
Free-cash-flow yield3.1%
Fair value vs price0.2×
Growth
Fair
69/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)22.4%
EPS growth (3y)1.4%
Growth consistency100%
Profitability
Weak
44/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.5%
Operating margin11.4%
Gross profitability34.8%
Financial health
Weak
23/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score3 / 9
Net debt / EBITDA2.1×
Interest coverNo interest cost
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+18.6%
Mar '25
+22.4%
Jun '25
+21.8%
Sep '25
+20.7%
Dec '25
+22.1%
Mar '26
+24.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.0B, diluted EPS $0.29.
Compare with peers
MSFT Microsoft Corp60 GEN Gen Digital Inc.60 FTNT Fortinet, Inc.57 TWLO Twilio Inc39Other Systems Software companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 3 Average · ● 8 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 43/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $5.9B | $7.2B | $9.0B | $11.0B | $13.3B |
| Operating income | $257M | $355M | $762M | $1.4B | $1.8B |
| Net income | $230M | $325M | $1.7B | $1.4B | $1.7B |
| Operating cash flow | $2.2B | $2.7B | $3.4B | $4.3B | $5.4B |
| Operating margin | 4.4% | 4.9% | 8.5% | 12.4% | 13.7% |
| Free cash flow | $1.8B | $2.2B | $2.7B | $3.4B | $4.6B |
| Diluted EPS | $1.13 | $1.60 | $1.68 | $1.37 | $1.67 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 3 neutral · 1 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Neutral
4 bullish · 1 neutral · 3 bearish
Moving averages (daily)
| SMA 10 | 140.2 | Bullish |
| EMA 10 | 140.6 | Bullish |
| SMA 20 | 137.9 | Bullish |
| EMA 20 | 138.8 | Bullish |
| SMA 50 | 134.9 | Bullish |
| EMA 50 | 132.9 | Bullish |
| SMA 100 | 120.9 | Bullish |
| EMA 100 | 126.0 | Bullish |
| SMA 200 | 115.0 | Bullish |
| EMA 200 | 127.5 | Bullish |
Oscillators (daily)
| RSI (14) | 55.47 | Neutral |
| MACD (12, 26) | 2.46 | Bullish |
| Momentum (12) | 5.94 | Bullish |
| Stochastic %K (14) | 53.11 | Neutral |
| Williams %R (14) | -46.89 | Neutral |
| CCI (20) | 161.3 | Bearish |
Pivot points (classic, last session)
S3 122.3 | S2 131.1 | S1 136.5 | Pivot 145.4 | R1 150.8 | R2 159.6 | R3 165.1 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
NOW SEC filings
23 Jul 2026
10-QSEC EDGAR
Quarterly report
22 Jul 2026
8-KSEC EDGAR
Results of operations
22 May 2026
8-KSEC EDGAR
Director or officer change; Shareholder vote results
15 May 2026
8-KSEC EDGAR
Entered a material agreement; Other events
23 Apr 2026
10-QSEC EDGAR
Quarterly report
22 Apr 2026
8-KSEC EDGAR
Entered a material agreement; Results of operations
6 Apr 2026
DEF 14ASEC EDGAR
Proxy statement
1 Apr 2026
8-KSEC EDGAR
Entered a material agreement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.