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NOW · NYSE · United States · Services-Prepackaged Software
In shortServiceNow, Inc. is profitable, generates cash and holds more cash than debt, with revenue growing (+20.9% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 13.7% | 62/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 13.2% | 73/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 15.5% | 77/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.8% | 65/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.00× | 17/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.12× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.18 | 28/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 34.5% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.62× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 3.7% | 97/100 |
| Operating margin volatility | 4.3% | 70/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 22.4% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | 1.4% | 32/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 5,896 | 7,245 | 8,971 | 10,984 | 13,278 |
| Cost of revenue | 1,353 | 1,573 | 1,921 | 2,287 | 2,983 |
| Gross profit | 4,543 | 5,672 | 7,050 | 8,697 | 10,295 |
| Research & development | 1,397 | 1,768 | 2,124 | 2,543 | 2,960 |
| Operating income | 257 | 355 | 762 | 1,364 | 1,824 |
| Interest expense | 28 | 27 | – | – | – |
| Pre-tax income | 249 | 399 | 1,008 | 1,738 | 2,261 |
| Income tax | 19 | 74 | (723) | 313 | 513 |
| Net income | 230 | 325 | 1,731 | 1,425 | 1,748 |
| Diluted EPS | $1.13 | $1.60 | $1.68 | $1.37 | $1.67 |
| Diluted shares (millions) | 203 | 204 | 1,028 | 1,042 | 1,047 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
2.18 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 23, 2026