Gross margin
77.5% Fiscal year 2025
Rank 89 of 100: higher than 89% of 153 peers (All). strong.
Rank 87 of 100: higher than 87% of 57 peers (Sector). strong.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
About the company
ServiceNow is a US enterprise software provider. Its cloud platform automates workflows such as IT incident reports, HR requests and customer service, increasingly with AI support. Customers are large companies and government agencies worldwide. As of Oct 11, 2026
Fact sheet (from the annual report) Software (packaged programs) · Santa Clara, USA
ServiceNow provides solutions with which organizations digitize workflows and orchestrate, secure and manage artificial intelligence. Its core is the cloud-based ServiceNow AI Platform, which connects people, processes and data. Through Now Assist, artificial intelligence tools are available, and customers can create their own agents using natural language or integrate third-party models. The products are divided into the areas Technology, customer relationships and industries, Core Business, and Creator and Other. Its offerings include solutions for IT service management, security incidents and customer service, for example. The Core Business area supports workflows in HR, legal, finance, supply chain and facilities management.
Automatically summarized from SEC annual report (10-K, filed Jan 29, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Price performance at a glance
Last 30 trading days
- Today −2.2%
- 7 days +3.5%
- 30 days +14.1%
- 1 year −18.2%
Day range (last trading day)
−1.2%Price at 45% of the range+1.5%
52-week range
−47.5%Price at 66% of the range+24.7%
- Distance from the all-time high
- −35.4%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Double bottom · Analysis method
Pattern detectedPattern detected on Oct 15, 2026. The pattern applies for at most 15 trading days.
What does the pattern show?
What is this? The price has formed two similarly deep lows and broken above the neckline between them. This is seen as a sign that the downward move is ending.
This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginServiceNow · Sector Technology · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Jan 29, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet
6 of 8 criteria met
Growth
Revenue and earnings per share
7 of 7 criteria met
Dividend
Level, consistency, coverage · 6 without data
0 of 1 criteria met
Financial strength
Piotroski, debt, liquidity
5 of 6 criteria met
Quality 6 of 8 met
- met: Gross margin above 40% 77.5%
- not met: Operating margin above 15% 13.7%
- met: Net margin above 10% 13.2%
- not met: Return on equity above 15% 13.5%
- met: Free cash flow margin above 10% 34.5%
- met: Profit in each of the last 5 fiscal years 5 of 5
- met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
- met: Equity ratio above 30% 49.8%
Operating margin
13.7% Fiscal year 2025
Rank 47 of 100: higher than 47% of 192 peers (All). medium.
Rank 49 of 100: higher than 49% of 60 peers (Sector). medium.
Median Technology: 14.2%
Operating income divided by revenue: what the core business earns before interest and taxes.
Net margin
13.2% Fiscal year 2025
Rank 50 of 100: higher than 50% of 237 peers (All). medium.
Rank 52 of 100: higher than 52% of 63 peers (Sector). medium.
Median Technology: 12.5%
Profit after all costs, interest and taxes divided by revenue.
Return on equity
13.5% Fiscal year 2025
Rank 42 of 100: higher than 42% of 218 peers (All). medium.
Rank 48 of 100: higher than 48% of 61 peers (Sector). medium.
Median Technology: 13.5%
Net income divided by equity at fiscal year end.
Return on assets
6.7% Fiscal year 2025 (total assets at year end)
Rank 56 of 100: higher than 56% of 238 peers (All). medium.
Rank 55 of 100: higher than 55% of 63 peers (Sector). medium.
Median Technology: 5.9%
Net income divided by total assets at fiscal year end.
Equity ratio
49.8% Fiscal year 2025
Rank 69 of 100: higher than 69% of 239 peers (All). strong.
Rank 48 of 100: higher than 48% of 63 peers (Sector). medium.
Median Technology: 51.6%
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
34.5% Fiscal year 2025
Rank 89 of 100: higher than 89% of 213 peers (All). strong.
Rank 81 of 100: higher than 81% of 62 peers (Sector). strong.
Median Technology: 19.0%
Free cash flow divided by revenue.
Free cash flow
4.6B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 7 of 7 met
- met: Over 3 years, revenue grew by more than 5% per year +22.4%
- met: Over 5 years, revenue grew by more than 5% per year +24.1%
- met: Over 10 years, revenue grew by more than 5% per year +29.4%
- met: Over 3 years, EPS grew by more than 5% per year +73.5%
- met: Over 5 years, EPS grew by more than 5% per year +69.9%
- met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
- met: Revenue rose in the last fiscal year +20.9%
Revenue growth 3 years
+22.4% per year
Rank 79 of 100: higher than 79% of 230 peers (All). strong.
Rank 64 of 100: higher than 64% of 59 peers (Sector). medium.
Median Technology: +14.3%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+24.1% per year
Rank 79 of 100: higher than 79% of 217 peers (All). strong.
Rank 69 of 100: higher than 69% of 54 peers (Sector). strong.
Median Technology: +14.5%
Average growth per year over 5 fiscal years.
Revenue growth 10 years
+29.4% per year
Rank 95 of 100: higher than 95% of 157 peers (All). strong.
Rank 91 of 100: higher than 91% of 37 peers (Sector). strong.
Median Technology: +12.4%
Average growth per year over 10 fiscal years.
EPS growth 3 years
+73.5% per year
Rank 97 of 100: higher than 97% of 157 peers (All). strong.
Rank 89 of 100: higher than 89% of 32 peers (Sector). strong.
Median Technology: +19.2%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+69.9% per year
Rank 95 of 100: higher than 95% of 146 peers (All). strong.
Rank 90 of 100: higher than 90% of 34 peers (Sector). strong.
Median Technology: +17.0%
Growth of earnings per share per year, adjusted for stock splits.
Dividend 0 of 1 met · 6 without data
- not met: Pays a dividend no dividend per share reported for the last fiscal year
- no data: Payout ratio at most 60% of earnings pays no dividend
- no data: Dividend paid in each of the last 5 fiscal years pays no dividend
- no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
- no data: Dividend per share higher than 5 years ago pays no dividend
- no data: Free cash flow per share covers the dividend pays no dividend
- no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend
Financial strength 5 of 6 met
- not met: Piotroski F-Score at least 7 of 9 6 of 9
- met: Long-term debt no higher than equity 0.12
- met: Current assets cover current liabilities 1.00
- met: Positive equity 13.0B USD
- met: In 5 years, share count up by at most 5% +3.4%
- met: Free cash flow positive in the last fiscal year 4.6B USD
Piotroski F-Score
6 of 9 Fiscal year 2025
Rank 45 of 100: higher than 45% of 134 peers (All). medium.
Rank 43 of 100: higher than 43% of 44 peers (Sector). medium.
Median Technology: 6.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.12 at fiscal year end
Rank 87 of 100: lower than 87% of 199 peers (All). strong.
Rank 79 of 100: lower than 79% of 54 peers (Sector). strong.
Median Technology: 0.41
Long-term financial debt divided by equity.
Liquidity (current ratio)
1.00 at fiscal year end
Rank 24 of 100: higher than 24% of 215 peers (All). weak.
Rank 15 of 100: higher than 15% of 63 peers (Sector). weak.
Median Technology: 2.02
Current assets divided by current liabilities.
Change in share count
+3.4% in 5 years
Rank 34 of 100: lower than 34% of 199 peers (All). medium.
Rank 48 of 100: lower than 48% of 51 peers (Sector). medium.
Median Technology: +2.8%
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
- met: Profit in the last fiscal year (positive return on assets)
- met: Positive operating cash flow
- met: Return on assets higher than the prior year
- met: Operating cash flow higher than net income
- met: Long-term debt relative to total assets fell
- not met: Liquidity (current assets / current liabilities) rose
- not met: No additional shares (diluted share count did not rise)
- not met: Gross margin higher than the prior year
- met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
- Light green: Revenue grew over 5 years (+24.1% per year), at least as fast as the sector median.
- Light green: Net income (total) grew over 5 years (+71.3% per year), at least as fast as the sector median; per share +69.9% per year.
- Light green: Net margin 13.2%, above the sector median (12.5%).
- Light green: Debt not higher than usual in the sector.
- Light red: Profit in 7 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 1.4B USD · Net income −451.8M USD · Net margin −32.5%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 1.9B USD · Net income −149.1M USD · Net margin −7.7%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 2.6B USD · Net income −26.7M USD · Net margin −1.0%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 3.5B USD · Net income 626.7M USD · Net margin 18.1%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 4.5B USD · Net income 118.5M USD · Net margin 2.6%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 5.9B USD · Net income 230.1M USD · Net margin 3.9%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 7.2B USD · Net income 325.0M USD · Net margin 4.5%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 9.0B USD · Net income 1.7B USD · Net margin 19.3%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 11.0B USD · Net income 1.4B USD · Net margin 13.0%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 13.3B USD · Net income 1.7B USD · Net margin 13.2%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 2.3B USD · Net income 242.0M USD · Net margin 10.6%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 2.4B USD · Net income 295.0M USD · Net margin 12.1% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 2.6B USD · Net income 347.0M USD · Net margin 13.3%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 2.6B USD · Net income 262.0M USD · Net margin 10.0%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 2.8B USD · Net income 432.0M USD · Net margin 15.4%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 3.0B USD · Net income 384.0M USD · Net margin 13.0% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 3.1B USD · Net income 460.0M USD · Net margin 14.9%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 3.2B USD · Net income 385.0M USD · Net margin 12.0%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 3.4B USD · Net income 502.0M USD · Net margin 14.7%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 3.6B USD · Net income 401.0M USD · Net margin 11.2% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 3.8B USD · Net income 469.0M USD · Net margin 12.4%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 4.0B USD · Net income 298.0M USD · Net margin 7.5%
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share not available
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share −0.14 USD (adjusted for split 5:1)
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share −0.03 USD (adjusted for split 5:1)
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 0.64 USD (adjusted for split 5:1)
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 0.12 USD (adjusted for split 5:1)
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 0.23 USD (adjusted for split 5:1)
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 0.32 USD (adjusted for split 5:1)
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 1.68 USD (adjusted for split 5:1)
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 1.37 USD (adjusted for split 5:1)
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 1.67 USD
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Earnings per share 0.23 USD (adjusted for split 5:1)
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share not reported separately for Q4
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 0.33 USD (adjusted for split 5:1)
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 0.25 USD (adjusted for split 5:1)
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share 0.41 USD (adjusted for split 5:1)
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share 0.44 USD (adjusted for split 5:1)
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 0.37 USD (adjusted for split 5:1)
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share not available
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 0.45 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 0.29 USD
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 13.3B USD · Net income 1.7B USD · Net margin 13.2%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 77.5 USD gross profit, 13.7 USD operating income and 13.2 USD net income remained.
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 13.3B USD | 100.0% |
| Gross profit | 10.3B USD | 77.5% |
| Cost of revenue | 3.0B USD | 22.5% |
| Operating income | 1.8B USD | 13.7% |
| Research & development | 3.0B USD | 22.3% |
| Other operating expenses | 5.5B USD | 41.5% |
| Net income | 1.7B USD | 13.2% |
| Taxes, interest & other (net) | 76.0M USD | 0.6% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The operating margin rose in 5 years from 4.4% to 13.7%.
Gross marginOperating marginNet margin- Fiscal year 2016: Gross margin 71.3% · Operating margin −30.4% · Net margin −32.5%
- Fiscal year 2017: Gross margin 74.1% · Operating margin −5.2% · Net margin −7.7%
- Fiscal year 2018: Gross margin 76.1% · Operating margin −1.6% · Net margin −1.0%
- Fiscal year 2019: Gross margin 77.0% · Operating margin 1.2% · Net margin 18.1%
- Fiscal year 2020: Gross margin 78.2% · Operating margin 4.4% · Net margin 2.6%
- Fiscal year 2021: Gross margin 77.1% · Operating margin 4.4% · Net margin 3.9%
- Fiscal year 2022: Gross margin 78.3% · Operating margin 4.9% · Net margin 4.5%
- Fiscal year 2023: Gross margin 78.6% · Operating margin 8.5% · Net margin 19.3%
- Fiscal year 2024: Gross margin 79.2% · Operating margin 12.4% · Net margin 13.0%
- Fiscal year 2025: Gross margin 77.5% · Operating margin 13.7% · Net margin 13.2%
Returns
Return on equity rose in 5 years from 4.2% to 13.5%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity −116.8% · Return on assets −22.2%
- Fiscal year 2017: Return on equity −25.5% · Return on assets −4.4%
- Fiscal year 2018: Return on equity −2.4% · Return on assets −0.7%
- Fiscal year 2019: Return on equity 29.5% · Return on assets 10.4%
- Fiscal year 2020: Return on equity 4.2% · Return on assets 1.4%
- Fiscal year 2021: Return on equity 6.2% · Return on assets 2.1%
- Fiscal year 2022: Return on equity 6.5% · Return on assets 2.4%
- Fiscal year 2023: Return on equity 22.7% · Return on assets 10.0%
- Fiscal year 2024: Return on equity 14.8% · Return on assets 7.0%
- Fiscal year 2025: Return on equity 13.5% · Return on assets 6.7%
Equity and long-term debt
The equity ratio rose in 5 years from 32.5% to 49.8%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 387.0M USD · Long-term debt 507.8M USD
- Fiscal year 2017: Equity 584.1M USD · Long-term debt 630.0M USD
- Fiscal year 2018: Equity 1.1B USD · Long-term debt 661.7M USD
- Fiscal year 2019: Equity 2.1B USD · Long-term debt 695.0M USD
- Fiscal year 2020: Equity 2.8B USD · Long-term debt 1.6B USD
- Fiscal year 2021: Equity 3.7B USD · Long-term debt 1.5B USD
- Fiscal year 2022: Equity 5.0B USD · Long-term debt 1.5B USD
- Fiscal year 2023: Equity 7.6B USD · Long-term debt 1.5B USD
- Fiscal year 2024: Equity 9.6B USD · Long-term debt 1.5B USD
- Fiscal year 2025: Equity 13.0B USD · Long-term debt 1.5B USD
Liquidity (current ratio)
The current ratio fell in 5 years from 1.21 to 1.00.
Current ratio- Fiscal year 2016: Current ratio 1.25
- Fiscal year 2017: Current ratio 1.15
- Fiscal year 2018: Current ratio 1.17
- Fiscal year 2019: Current ratio 1.03
- Fiscal year 2020: Current ratio 1.21
- Fiscal year 2021: Current ratio 1.05
- Fiscal year 2022: Current ratio 1.11
- Fiscal year 2023: Current ratio 1.06
- Fiscal year 2024: Current ratio 1.10
- Fiscal year 2025: Current ratio 1.00
Cash flow
Free cash flow rose in 5 years from 1.4B USD to 4.6B USD.
Operating cash flowCapital expenditureFree cash flow in USD- Fiscal year 2016: Operating cash flow 159.9M USD · Capital expenditure 105.6M USD · Free cash flow 54.4M USD
- Fiscal year 2017: Operating cash flow 642.8M USD · Capital expenditure 150.5M USD · Free cash flow 492.3M USD
- Fiscal year 2018: Operating cash flow 811.1M USD · Capital expenditure 224.5M USD · Free cash flow 586.6M USD
- Fiscal year 2019: Operating cash flow 1.2B USD · Capital expenditure 264.9M USD · Free cash flow 971.1M USD
- Fiscal year 2020: Operating cash flow 1.8B USD · Capital expenditure 419.3M USD · Free cash flow 1.4B USD
- Fiscal year 2021: Operating cash flow 2.2B USD · Capital expenditure 392.0M USD · Free cash flow 1.8B USD
- Fiscal year 2022: Operating cash flow 2.7B USD · Capital expenditure 550.0M USD · Free cash flow 2.2B USD
- Fiscal year 2023: Operating cash flow 3.4B USD · Capital expenditure 694.0M USD · Free cash flow 2.7B USD
- Fiscal year 2024: Operating cash flow 4.3B USD · Capital expenditure 852.0M USD · Free cash flow 3.4B USD
- Fiscal year 2025: Operating cash flow 5.4B USD · Capital expenditure 868.0M USD · Free cash flow 4.6B USD
Share count
The share count rose in 5 years by 3.4% – more new shares were issued than repurchased (dilution).
Diluted share count- Fiscal year 2016: Diluted share count not available
- Fiscal year 2017: Diluted share count 855.9M
- Fiscal year 2018: Diluted share count 889.2M
- Fiscal year 2019: Diluted share count 986.1M
- Fiscal year 2020: Diluted share count 1.0B
- Fiscal year 2021: Diluted share count 1.0B
- Fiscal year 2022: Diluted share count 1.0B
- Fiscal year 2023: Diluted share count 1.0B
- Fiscal year 2024: Diluted share count 1.0B
- Fiscal year 2025: Diluted share count 1.0B
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- none pays no dividend
- To shareholders (5 years)
- 3.1B USD 100% through repurchases
- Share count over 5 years
- +3.4% more shares – dilution
What goes back to shareholders
Over 5 years, 3.1B USD went back to shareholders, 100% of it through share repurchases. That is 21% of the free cash flow of those years.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD- Fiscal year 2016: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 54.4M USD
- Fiscal year 2017: Dividends paid not available · Share repurchases 55.0M USD · New shares issued (including employee plans) not available · Free cash flow 492.3M USD
- Fiscal year 2018: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 586.6M USD
- Fiscal year 2019: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 971.1M USD
- Fiscal year 2020: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 1.4B USD
- Fiscal year 2021: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 1.8B USD
- Fiscal year 2022: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 2.2B USD
- Fiscal year 2023: Dividends paid not available · Share repurchases 538.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.7B USD
- Fiscal year 2024: Dividends paid not available · Share repurchases 696.0M USD · New shares issued (including employee plans) not available · Free cash flow 3.4B USD
- Fiscal year 2025: Dividends paid not available · Share repurchases 1.8B USD · New shares issued (including employee plans) not available · Free cash flow 4.6B USD
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Sector comparison
ServiceNow next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| TXN Texas Instruments | 17.7B USD | +4.1% | 57.0% | 34.1% | 28.3% | 30.7% | 47.1% | 14.7% | 6/9 |
| GLW Corning Inc. | 15.6B USD | +6.7% | 36.0% | 14.6% | 10.2% | 13.5% | 38.1% | 9.0% | 7/9 |
| KLAC KLA Corporation | 13.6B USD | +14.4% | 61.3% | – | 35.6% | 76.1% | 35.4% | 27.7% | 8/9 |
| NOW ServiceNow this stock | 13.3B USD | +24.1% | 77.5% | 13.7% | 13.2% | 13.5% | 49.8% | 34.5% | 6/9 |
| WDC Western Digital | 12.9B USD | −5.3% | 48.9% | 34.5% | 72.9% | 106.3% | 63.9% | 27.2% | 7/9 |
| STX Seagate Technology | 12.2B USD | +2.7% | 45.6% | 33.6% | 26.1% | 146.9% | 21.7% | 25.5% | 8/9 |
| MSI Motorola Solutions | 11.7B USD | +9.5% | 51.7% | 25.6% | 18.4% | 89.4% | 12.4% | 22.0% | 6/9 |
| PANW Palo Alto Networks | 11.5B USD | +22.0% | 70.4% | 6.1% | 2.7% | 1.1% | 56.7% | 35.8% | 4/9 |
| ADI Analog Devices | 11.0B USD | +14.5% | 61.5% | 26.6% | 20.6% | 6.7% | 70.5% | 38.8% | 8/9 |
| Median of the sector 63 symbols | 11.0B USD | +14.5% | 56.1% | 14.2% | 12.5% | 13.5% | 51.6% | 19.0% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+24.1% per year, last 5 years
Sector Technology: median +13.5% (88 symbols)
What does this mean? Revenue: over 5 years it grew by 24.1% per year on average – at least as fast as the median company in the sector (+13.5%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+71.3% per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: +69.9% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 71.3% per year on average – at least as fast as the median company in the sector (+13.3%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin13.2% last fiscal year
Sector Technology: median 12.5% (97 symbols)
What does this mean? Of every 100 USD in revenue, 13.16 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was 2.6%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth0.43 latest balance sheet
Sector Technology: median 0.45 (79 symbols)
What does this mean? For every 1 USD of equity there is 0.43 USD of financial debt – no more than the median company in the sector (0.45). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth– Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin7 of 10 fiscal years with a profit
What does this mean? In 7 of the last 10 fiscal years the bottom line showed a profit. 3 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 13.3B | 1.7B | 13.2% | 1.67 | – | – |
| 2024 | Dec 31, 2024 | 11.0B | 1.4B | 13.0% | 1.37 | – | – |
| 2023 | Dec 31, 2023 | 9.0B | 1.7B | 19.3% | 1.68 | – | – |
| 2022 | Dec 31, 2022 | 7.2B | 325.0M | 4.5% | 0.32 | – | – |
| 2021 | Dec 31, 2021 | 5.9B | 230.1M | 3.9% | 0.23 | – | – |
| 2020 | Dec 31, 2020 | 4.5B | 118.5M | 2.6% | 0.12 | – | – |
| 2019 | Dec 31, 2019 | 3.5B | 626.7M | 18.1% | 0.64 | – | – |
| 2018 | Dec 31, 2018 | 2.6B | −26.7M | −1.0% | −0.03 | – | – |
| 2017 | Dec 31, 2017 | 1.9B | −149.1M | −7.7% | −0.14 | – | – |
| 2016 | Dec 31, 2016 | 1.4B | −451.8M | −32.5% | – | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 4.0B | 298.0M | 7.5% | 0.29 | – | – |
| Q1/26 | Mar 31, 2026 | 3.8B | 469.0M | 12.4% | 0.45 | – | – |
| Q4/25* | Dec 31, 2025 | 3.6B | 401.0M | 11.2% | – | – | – |
| Q3/25 | Sep 30, 2025 | 3.4B | 502.0M | 14.7% | – | – | – |
| Q2/25 | Jun 30, 2025 | 3.2B | 385.0M | 12.0% | 0.37 | – | – |
| Q1/25 | Mar 31, 2025 | 3.1B | 460.0M | 14.9% | 0.44 | – | – |
| Q4/24* | Dec 31, 2024 | 3.0B | 384.0M | 13.0% | – | – | – |
| Q3/24 | Sep 30, 2024 | 2.8B | 432.0M | 15.4% | 0.41 | – | – |
| Q2/24 | Jun 30, 2024 | 2.6B | 262.0M | 10.0% | 0.25 | – | – |
| Q1/24 | Mar 31, 2024 | 2.6B | 347.0M | 13.3% | 0.33 | – | – |
| Q4/23* | Dec 31, 2023 | 2.4B | 295.0M | 12.1% | – | – | – |
| Q3/23 | Sep 30, 2023 | 2.3B | 242.0M | 10.6% | 0.23 | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Per-share values adjusted for stock split Stock splitA company divides each share into several new ones; the value of the company stays the same. We convert per-share values from before the split to today’s scale.Example: Split 4 : 1, earnings per share before $11.89 → comparable today $2.97.More in the Academy: Lesson revenue, profit and margin 5:1 (between Jul 24, 2025 and Jan 29, 2026). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $1.9M3 people | −$1.9M |
| 6 months | $00 people | $3.8M5 people | −$3.8M |
| 12 months | $3.0M1 person | $9.3M10 people | −$6.3M |
Latest transactions
- Aug 31, 2026 Fipps Paul Officer Open-market sale 2,034 shares · $300.8K · SEC
- Aug 28, 2026 Canney Jacqueline P Officer Open-market sale · 10b5-1 plan 7,847 shares · $1.1M · SEC
- Aug 27, 2026 Chamberlain Paul Edward Director Open-market sale 2,700 shares · $365.9K · SEC
- Aug 13, 2026 Chamberlain Paul Edward Director Open-market sale · 10b5-1 plan 1,500 shares · $188.4K · SEC
- May 28, 2026 Briggs Teresa Director Open-market sale 1,595 shares · $173.4K · SEC
- May 18, 2026 Fipps Paul Officer Open-market sale · 10b5-1 plan 1,048 shares · $103.2K · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +80
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows+0
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)34.9
Rel. strength 60 d+34.2%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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