TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

NOW stock analysis: ServiceNow

ServiceNow (NOW) is an S&P 500 company in Systems Software. It grades weakest on value, momentum and growth.

The model's view of NOW · subscribers

Where NOW ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with NOW · updated 2026-10-05 · from prices and SEC filings

NOW price performance

NOW against the S&P 500, one year
-50%-25%+0%S&P 500 +18%NOW -28%2025-09-292026-10-05
Year to date-11.2%S&P 500 +14.5% · behind by 25.7 pts
1 year-25.4%S&P 500 +17.0% · behind by 42.4 pts
3 years+24.3%S&P 500 +89.3% · behind by 64.9 pts
5 years+7.4%S&P 500 +91.3% · behind by 83.9 pts

Total returns with dividends reinvested.

NOW factor grades

Each grade compares NOW with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueFCF yield 3.3% (industry 2.3%)
C-GrowthRevenue growth +22% (industry +22%)EPS growth -120% (industry -32%)
CProfitabilityOperating margin 11.4% (industry 11.4%)ROIC 6.8% (industry 4.3%)
C-Momentum12-month change -25%From 52-wk high -28%

NOW in plain numbers

NOW key statistics

SectorInformation Technology
IndustrySystems Software
IndexS&P 500
Market value$140.7B
Revenue growth (y/y)+22%
Free-cash-flow yield3.3%
Dividend yieldn/a
Next earnings (expected)2026-10-28
Valuation measures
Market value$140.7B
Enterprise value$145.7B
Price / sales9.6x
Price / book11.2x
EV / revenue9.9x
EV / EBITDA53.0x
Financial highlights
Revenue, last 12 months$14.7B
Net income, last 12 months$1.7B
EPS, last 12 months (GAAP)$-3.54
Gross margin74.8%
Operating margin11.4%
Net margin11.3%
Return on equity14.2%
Return on invested capital6.8%
Cash$2.5B
Total debt$7.5B
Debt / equity0.60x
Free cash flow, last 12 months$4.6B
Current ratio0.70x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

NOW earnings trends

Revenue vs earnings
$0$1.0B$2.0B$3.0B$4.0BSep 2024 Revenue: $2.8BDec 2024 Revenue: $3.0BMar 2025 Revenue: $3.1BJun 2025 Revenue: $3.2BSep 2025 Revenue: $3.4BDec 2025 Revenue: $3.6BMar 2026 Revenue: $3.8BJun 2026 Revenue: $4.0BSep 2024 Net income: $432.0MDec 2024 Net income: $384.0MMar 2025 Net income: $460.0MJun 2025 Net income: $385.0MSep 2025 Net income: $502.0MDec 2025 Net income: $401.0MMar 2026 Net income: $469.0MJun 2026 Net income: $298.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 15.4%Net margin: 13.0%Net margin: 14.9%Net margin: 12.0%Net margin: 14.7%Net margin: 11.2%Net margin: 12.4%Net margin: 7.5%0%8%15%■ Revenue ■ Net income ━ Net margin
Earnings per share$-4.8$-3.5$-2.1$-0.8$0.5Sep 2024 EPS (GAAP, diluted): $0.4Dec 2024 EPS (GAAP, diluted): $0.4Mar 2025 EPS (GAAP, diluted): $0.4Jun 2025 EPS (GAAP, diluted): $0.4Sep 2025 EPS (GAAP, diluted): $0.5Dec 2025 EPS (GAAP, diluted): $-4.8Mar 2026 EPS (GAAP, diluted): $0.5Jun 2026 EPS (GAAP, diluted): $0.3Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +16% · Dec 2025 -1393% · Mar 2026 +2% · Jun 2026 -21%

From the company's 10-Q and 10-K filings with the SEC.

ServiceNow financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$5.9B$7.2B$9.0B$11.0B$13.3B
Net income$230.7M$325.0M$1.7B$1.4B$1.7B
EPS (GAAP)$0.23$0.32$1.68$1.37$-3.47
Free cash flow$1.8B$2.2B$2.7B$3.4B$4.6B

NOW earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22$0.29-21%+24%-8.6%
2026-04-22$0.45+2%+22%-16.0%
2026-01-28$-4.76-1393%+21%-11.2%
2025-10-29$0.48+16%+22%+0.7%
2025-07-23$0.37+46%+22%+2.6%
2025-04-23$0.44+32%+19%+18.7%

About ServiceNow

HeadquartersSanta Clara, CA
Industry (SEC code)Services-Prepackaged Software
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlySERVICE-NOW.COM

From the company's SEC registration record.

Companies similar to NOW

CompanyMarket valueP/ERevenue growthOperating margin12-month change
NOW ServiceNow$140.7Bn/a+22%11.4%-25%
FTNT Fortinet$135.1B65.1x+19%32.4%+115%compare
CRWD CrowdStrike$279.2Bn/a+24%-2.2%+123%compare
PANW Palo Alto Networks$332.7Bn/a+24%6.1%+96%compare
GEN Gen Digital$13.3B13.0x+20%41.7%-18%

All Information Technology stock ratings

Frequently asked questions

Is NOW stock a buy?

Torvanta does not tell individuals what to buy. Its grades for NOW are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

When does NOW report earnings next?

Based on its filing history, Torvanta expects ServiceNow to report around 2026-10-28.

How has NOW performed against the S&P 500?

Over the past year NOW returned -25.4%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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