NOWServiceNow

Technology · Software · NYSE

ServiceNow delivers solutions that help public and private organizations govern, secure and manage artificial intelligence and digitalize and streamline workflows to drive collaboration, productivity and better experiences across the enterprise. 10-K, Item 1

Headquarters: Santa Clara, CA
CEO: William R. McDermott
Next results: around Jan 27, 2027

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NOW and 9 peers, year by year

The 9 Technology companies closest to NOW in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
NOW ServiceNow	FY2025	$13.3B	+20.9%	77.5%	13.7%	13.2%	34.5%	13.5%	0.12
KLAC KLA Corporation	FY2026	$13.6B	+11.7%	-	-	35.6%	27.7%	76.1%	0.93
WDC Western Digital	FY2026	$12.9B	+35.7%	48.9%	34.5%	72.9%	27.2%	106.3%	0.12
ADI Analog Devices	FY2025	$11.0B	+16.9%	61.5%	26.6%	20.6%	38.8%	6.7%	0.25
STX Seagate Technology	FY2026	$12.2B	+34.1%	-	33.6%	26.1%	25.5%	146.9%	1.65
NXPI NXP Semiconductors	FY2025	$12.3B	−2.7%	54.7%	24.8%	16.5%	19.7%	20.1%	1.30
GLW Corning Inc.	FY2025	$15.6B	+19.1%	36.0%	14.6%	10.2%	-	13.5%	0.71
MSI Motorola Solutions	FY2025	$11.7B	+8.0%	51.7%	25.6%	18.4%	22.0%	89.4%	3.80
ANET Arista Networks	FY2025	$9.0B	+28.6%	64.1%	42.8%	39.0%	47.2%	28.4%	-
PANW Palo Alto Networks	FY2026	$11.5B	+24.5%	70.4%	6.1%	2.7%	35.8%	1.1%	-

Revenuepeer median $12.2B

Sales growthpeer median +19.1%

Gross marginpeer median 54.7%

Operating marginpeer median 26.1%

Net marginpeer median 20.6%

FCF marginpeer median 27.5%

Return on equitypeer median 28.4%

Debt / equitypeer median 0.93

MSI 3.80
STX 1.65
NXPI 1.30
KLAC 0.93
GLW 0.71
ADI 0.25
WDC 0.12
NOW 0.12
ANET -
PANW -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	$1.4B	$1.9B	$2.6B	$3.5B	$4.5B	$5.9B	$7.2B	$9.0B	$11.0B	$13.3B
KLAC Jun	$3.0B	$3.5B	$4.0B	$4.6B	$5.8B	$6.9B	$9.2B	$10.5B	$9.8B	$12.2B
WDC Jul	-	$19.1B	$20.6B	$16.6B	$16.7B	$16.9B	$18.8B	$6.3B	$6.3B	$9.5B
ADI Nov	$3.4B	$5.2B	$6.2B	$6.0B	$5.6B	$7.3B	$12.0B	$12.3B	$9.4B	$11.0B
STX Jul	$11.2B	$10.8B	$11.2B	$10.4B	$10.5B	$10.7B	$11.7B	$7.4B	$6.6B	-
NXPI Dec	$9.5B	$9.3B	$9.4B	$8.9B	$8.6B	$11.1B	$13.2B	$13.3B	$12.6B	$12.3B
GLW Dec	$9.4B	$10.1B	$11.3B	$11.5B	$11.3B	$14.1B	$14.2B	$12.6B	$13.1B	$15.6B
MSI Dec	$6.0B	$6.4B	$7.3B	$7.9B	$7.4B	$8.2B	$9.1B	$10.0B	$10.8B	$11.7B
ANET Dec	$1.1B	$1.6B	$2.2B	$2.4B	$2.3B	$2.9B	$4.4B	$5.9B	$7.0B	$9.0B
PANW Jul	$1.4B	$1.8B	$2.3B	$2.9B	$3.4B	$4.3B	$5.5B	$6.9B	$8.0B	$9.2B
Peer median	$4.7B	$6.4B	$7.3B	$7.9B	$7.4B	$8.2B	$11.7B	$10.0B	$9.4B	$11.4B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	+38.3%	+37.9%	+36.0%	+32.6%	+30.6%	+30.5%	+22.9%	+23.8%	+22.4%	+20.9%
KLAC Jun	-	+16.6%	+16.0%	+13.2%	+27.1%	+19.2%	+33.1%	+13.9%	−6.5%	+23.9%
WDC Jul	-	-	+8.1%	−19.8%	+1.0%	+1.1%	+11.1%	−34.5%	+1.0%	+50.7%
ADI Nov	−0.4%	+49.3%	+18.6%	−3.8%	−6.5%	+30.6%	+64.2%	+2.4%	−23.4%	+16.9%
STX Jul	-	−3.5%	+3.8%	−7.1%	+1.1%	+1.6%	+9.2%	−36.7%	−11.3%	-
NXPI Dec	+55.7%	−2.5%	+1.6%	−5.6%	−3.0%	+28.5%	+19.4%	+0.5%	−5.0%	−2.7%
GLW Dec	-	+7.7%	+11.6%	+1.9%	−1.7%	+24.6%	+0.8%	−11.3%	+4.2%	+19.1%
MSI Dec	+6.0%	+5.7%	+15.1%	+7.4%	−6.0%	+10.2%	+11.5%	+9.5%	+8.4%	+8.0%
ANET Dec	+34.8%	+45.8%	+30.7%	+12.1%	−3.9%	+27.2%	+48.6%	+33.8%	+19.5%	+28.6%
PANW Jul	-	+27.8%	+29.5%	+27.5%	+17.5%	+24.9%	+29.3%	+25.3%	+16.5%	+14.9%
Peer median	+20.4%	+12.2%	+15.1%	+1.9%	−1.7%	+24.6%	+19.4%	+2.4%	+1.0%	+18.0%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	71.3%	73.4%	76.1%	77.0%	78.2%	77.1%	78.3%	78.6%	79.2%	77.5%
KLAC Jun	-	-	-	-	-	-	-	-	-	-
WDC Jul	-	31.8%	37.3%	22.6%	22.6%	26.7%	31.3%	22.2%	28.1%	38.8%
ADI Nov	65.1%	60.4%	68.3%	67.0%	65.9%	61.8%	62.7%	64.0%	57.1%	61.5%
STX Jul	-	-	-	-	-	-	-	-	-	-
NXPI Dec	42.8%	49.9%	51.6%	52.0%	49.2%	54.8%	56.9%	56.9%	56.4%	54.7%
GLW Dec	40.1%	39.7%	39.5%	35.1%	31.2%	36.0%	31.8%	31.2%	32.6%	36.0%
MSI Dec	47.5%	47.4%	47.4%	49.8%	48.7%	49.4%	46.4%	49.8%	51.0%	51.7%
ANET Dec	64.0%	64.5%	63.8%	64.1%	63.9%	63.8%	61.1%	61.9%	64.1%	64.1%
PANW Jul	73.2%	72.6%	71.6%	72.1%	70.7%	70.0%	68.8%	72.3%	74.3%	73.4%
Peer median	55.8%	49.9%	51.6%	52.0%	49.2%	54.8%	56.9%	56.9%	56.4%	54.7%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	−27.5%	−3.3%	−1.6%	1.2%	4.4%	4.4%	4.9%	8.5%	12.4%	13.7%
KLAC Jun	-	-	-	-	-	-	-	-	-	-
WDC Jul	-	10.2%	17.5%	0.5%	2.0%	7.2%	12.7%	−8.8%	−6.4%	24.5%
ADI Nov	30.0%	22.2%	30.5%	28.6%	26.7%	23.1%	27.3%	31.1%	21.6%	26.6%
STX Jul	4.0%	9.8%	14.6%	14.3%	12.4%	14.0%	16.8%	−4.6%	6.9%	-
NXPI Dec	−1.6%	22.7%	28.8%	7.2%	4.9%	23.3%	28.8%	27.6%	27.1%	24.8%
GLW Dec	15.2%	15.9%	14.0%	11.4%	4.5%	15.0%	10.1%	7.1%	8.7%	14.6%
MSI Dec	17.4%	20.1%	17.1%	20.0%	18.7%	20.4%	18.2%	23.0%	24.8%	25.6%
ANET Dec	21.6%	28.6%	12.7%	33.4%	30.2%	31.4%	34.9%	38.5%	42.0%	42.8%
PANW Jul	−11.4%	−9.4%	−4.6%	−1.9%	−5.3%	−7.1%	−3.4%	5.6%	8.5%	13.5%
Peer median	15.2%	18.0%	15.9%	12.8%	8.6%	17.7%	17.5%	15.0%	15.1%	24.8%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	−29.8%	−6.0%	−1.0%	18.1%	2.6%	3.9%	4.5%	19.3%	13.0%	13.2%
KLAC Jun	23.6%	26.6%	19.9%	25.7%	21.0%	30.0%	36.1%	32.3%	28.1%	33.4%
WDC Jul	-	2.1%	3.3%	−4.6%	−1.5%	4.9%	8.2%	−26.9%	−12.6%	19.8%
ADI Nov	25.2%	15.4%	24.2%	22.8%	21.8%	19.0%	22.9%	26.9%	17.3%	20.6%
STX Jul	2.2%	7.2%	10.6%	19.4%	9.6%	12.3%	14.1%	−7.2%	5.1%	-
NXPI Dec	2.1%	23.9%	23.5%	2.7%	0.6%	16.9%	21.1%	21.1%	19.9%	16.5%
GLW Dec	39.4%	−4.9%	9.4%	8.3%	4.5%	13.5%	9.3%	4.6%	3.9%	10.2%
MSI Dec	9.3%	−2.4%	13.2%	11.0%	12.8%	15.2%	15.0%	17.1%	14.6%	18.4%
ANET Dec	16.3%	25.7%	15.3%	35.7%	27.4%	28.5%	30.9%	35.6%	40.7%	39.0%
PANW Jul	−14.0%	−11.5%	−5.4%	−2.8%	−7.8%	−11.7%	−4.9%	6.4%	32.1%	12.3%
Peer median	12.8%	7.2%	13.2%	11.0%	9.6%	15.2%	15.0%	17.1%	17.3%	19.1%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	$53.5M	$492.4M	$586.6M	$971.0M	$1.4B	$1.8B	$2.2B	$2.7B	$3.4B	$4.6B
KLAC Jun	$728.0M	$1.0B	$1.2B	$1.0B	$1.6B	$2.0B	$3.0B	$3.3B	$3.0B	$3.7B
WDC Jul	$1.4B	$2.9B	$3.4B	$671.0M	$177.0M	$752.0M	$758.0M	−$1.2B	−$781.0M	$1.3B
ADI Nov	$1.2B	$950.3M	$2.2B	$2.0B	$1.8B	$2.4B	$3.8B	$3.6B	$3.1B	$4.3B
STX Jul	$1.1B	$1.5B	$1.7B	$1.2B	$1.1B	$1.1B	$1.3B	$626.0M	$664.0M	-
NXPI Dec	$1.9B	$1.9B	$3.8B	$1.8B	$2.1B	$2.3B	$2.8B	$2.7B	$2.1B	$2.4B
GLW Dec	-	-	-	-	-	-	-	-	-	-
MSI Dec	$894.0M	$1.1B	$878.0M	$1.6B	$1.4B	$1.6B	$1.6B	$1.8B	$2.1B	$2.6B
ANET Dec	$152.9M	$616.3M	$479.3M	$947.3M	$719.7M	$951.1M	$448.2M	$2.0B	$3.7B	$4.3B
PANW Jul	$586.1M	$705.4M	$926.1M	$924.4M	$821.3M	$1.4B	$1.8B	$2.6B	$3.1B	$3.5B
Peer median	$993.5M	$1.1B	$1.5B	$1.1B	$1.3B	$1.5B	$1.7B	$2.3B	$2.6B	$3.5B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	3.8%	25.5%	22.5%	28.1%	30.3%	30.5%	30.0%	30.1%	31.1%	34.5%
KLAC Jun	24.4%	29.9%	28.8%	22.4%	28.0%	28.2%	32.6%	31.7%	30.9%	30.8%
WDC Jul	-	15.0%	16.3%	4.0%	1.1%	4.4%	4.0%	−19.6%	−12.4%	13.4%
ADI Nov	34.0%	18.1%	35.1%	33.0%	32.9%	32.7%	31.4%	28.9%	33.1%	38.8%
STX Jul	9.8%	13.8%	15.6%	11.2%	10.7%	10.6%	10.9%	8.5%	10.1%	-
NXPI Dec	20.2%	20.5%	39.9%	20.8%	24.3%	20.9%	21.4%	20.2%	16.3%	19.7%
GLW Dec	-	-	-	-	-	-	-	-	-	-
MSI Dec	14.8%	17.5%	12.0%	20.0%	18.8%	19.5%	17.2%	17.9%	19.7%	22.0%
ANET Dec	13.5%	37.4%	22.3%	39.3%	31.1%	32.3%	10.2%	34.1%	52.5%	47.2%
PANW Jul	42.5%	40.0%	40.7%	31.9%	24.1%	32.6%	32.6%	38.2%	38.6%	37.6%
Peer median	20.2%	19.3%	25.5%	21.6%	24.2%	24.6%	19.3%	24.6%	25.3%	30.8%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	−76.6%	−15.0%	−2.4%	29.5%	4.2%	6.2%	6.5%	22.7%	14.8%	13.5%
KLAC Jun	102.2%	69.8%	49.5%	44.2%	45.7%	61.5%	n/m	116.0%	82.0%	86.6%
WDC Jul	2.2%	3.5%	5.9%	−7.6%	−2.6%	7.6%	12.5%	−15.4%	−7.4%	35.6%
ADI Nov	16.7%	7.9%	13.4%	11.6%	10.2%	3.7%	7.5%	9.3%	4.6%	6.7%
STX Jul	15.6%	56.6%	71.0%	93.1%	56.2%	n/m	n/m	n/m	n/m	-
NXPI Dec	1.8%	16.4%	21.0%	2.6%	0.6%	28.7%	37.4%	32.4%	27.3%	20.1%
GLW Dec	20.7%	−3.2%	7.7%	7.4%	3.9%	15.5%	11.0%	5.0%	4.7%	13.5%
MSI Dec	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	92.6%	89.4%
ANET Dec	16.6%	25.5%	15.3%	29.7%	19.1%	21.1%	27.7%	28.9%	28.5%	28.4%
PANW Jul	−21.5%	−26.7%	−10.5%	−5.2%	−24.2%	−78.6%	−127.1%	25.2%	49.9%	14.5%
Peer median	16.1%	12.2%	14.3%	9.5%	7.0%	15.5%	11.8%	25.2%	27.9%	24.2%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	-	-	-	0.33	0.58	-	-	-	-	0.12
KLAC Jun	4.44	2.21	1.38	1.29	1.30	1.02	4.75	2.02	1.75	1.25
WDC Jul	1.52	1.15	0.97	1.06	1.00	0.81	0.57	0.64	0.69	0.89
ADI Nov	0.00	0.03	0.01	0.03	0.00	0.19	0.18	0.20	0.22	0.25
STX Jul	2.57	3.68	2.89	1.97	2.34	8.14	8.84	n/m	n/m	-
NXPI Dec	0.84	0.49	0.70	0.78	0.86	1.63	1.51	1.30	1.35	1.30
GLW Dec	0.22	0.33	0.43	0.60	0.60	0.57	0.58	0.65	0.67	0.71
MSI Dec	n/m	n/m	n/m	n/m	n/m	n/m	n/m	8.31	3.52	3.80
ANET Dec	-	-	-	-	-	-	-	-	-	-
PANW Jul	0.56	0.69	1.65	0.90	2.80	5.08	17.51	1.14	-	-
Peer median	0.84	0.69	0.97	0.90	1.00	1.02	1.51	1.14	1.02	1.07

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
NOW Dec	−$0.50	−$0.14	−$0.03	$0.64	$0.12	$0.23	$0.32	$1.68	$1.37	$1.67
KLAC Jun	$0.45	$0.59	$0.51	$0.75	$0.77	$1.34	$2.19	$2.42	$2.03	$3.04
WDC Jul	$1.00	$1.34	$2.20	−$2.58	−$0.84	$2.66	$4.89	−$5.37	−$2.61	$5.12
ADI Nov	-	-	-	-	$3.28	$3.46	$5.25	$6.55	$3.28	$4.56
STX Jul	$0.82	$2.58	$4.05	$7.06	$3.79	$5.36	$7.36	−$2.56	$1.58	-
NXPI Dec	$0.58	$6.41	$6.72	$0.85	$0.18	$6.79	$10.55	$10.70	$9.73	$7.95
GLW Dec	$3.23	−$0.66	$1.13	$1.07	$0.54	$1.28	$1.54	$0.68	$0.58	$1.83
MSI Dec	$3.24	−$0.95	$5.62	$4.95	$5.45	$7.17	$7.93	$9.93	$9.23	$12.75
ANET Dec	$0.16	$0.33	$0.25	$0.67	$0.50	$0.66	$1.07	$1.65	$2.23	$2.75
PANW Jul	−$0.37	−$0.37	−$0.22	−$0.14	−$0.46	−$0.86	−$0.45	$0.64	$3.64	$1.60
Peer median	$0.70	$0.46	$1.67	$0.80	$0.54	$2.66	$4.89	$1.65	$2.23	$3.80

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out NOW and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on NOW in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/NOW/export.csv") into a cell.