ServiceNow, Inc.

NOW Technology Software Application

ServiceNow, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $13.3 billion, up 20.9% from fiscal 2024.

Revenue
+20.5%
EPS
−44.2%
Free cash flow
+31.5%
Total debt
+404.6%

Quarter to September 2026, against a year earlier

102.40 6.41 −5.89%
Market cap
$106.3B
P/E
73.1×
Fwd P/E
73.2×
Dividend yield
—
F-score
4/9
Altman Z
8.31
Beneish M
−2.90
Dividend safety
n/a

ServiceNow, Inc. (NOW) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, ServiceNow, Inc. (NOW) trades at a price to free cash flow of 22.5×. Over the past ten years it has ranged from 18.7× (April 2026) to 6,137× (September 2016); the current reading is higher than 2% of that period. That is above the Software Application industry median of 17.2× and above the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 35.0× (45.81%)
FY2024 64.7× 23.51%
FY2023 52.3× 42.66%
FY2022 36.7× (50.28%)
FY2021 73.8× (11.05%)
FY2020 83.0× 39.85%
FY2019 59.3× 5.35%
FY2018 56.3× 19.31%
FY2017 47.2× (86.81%)
FY2016 358× 511.70%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 29.5× 30.56%
Jun 2026 22.6× (4.28%)
Mar 2026 23.6× (32.70%)
Dec 2025 35.0× (28.40%)
43 more quarters

Against its own ten years

Low 18.7× High 6,137×
Ten-year median 58.7×
Current reading's percentile 2

Price to free cash flow against peers

Company Price to free cash flow
ADBE Adobe Inc. compare 9.2×
INTU Intuit Inc. compare 11.3×
CRM Salesforce, Inc. compare 12.0×
UBER Uber Technologies, Inc. compare 13.4×
NOW ServiceNow, Inc. 22.5×
ADP Automatic Data Processing, Inc. compare 25.5×
CDNS Cadence Design Systems, Inc. compare 48.6×
DDOG Datadog, Inc. compare 56.8×
SNOW Snowflake Inc. compare 79.4×
Software Application industry median 17.2×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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