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. In the quarter to June 2026, revenue grew 24.0%, EPS fell 22.0%, free cash flow fell 10.1% and total debt rose 404.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

141.97 6.60 −4.44%
Market cap
$153.6B
P/E
88.0×
Fwd P/E
56.5×
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 16 October 2026, ServiceNow, Inc. (NOW) trades at a price to free cash flow of 32.3×. Over the past ten years it has ranged from 18.7× (April 2026) to 6,137× (September 2016); the current reading is higher than 8% of that period. That is above the Software Application industry median of 17.6× and above the Technology sector median of 20.0×.

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
Jun 2026 22.6× (4.28%)
Mar 2026 23.6× (32.70%)
Dec 2025 35.0× (28.40%)
Sep 2025 48.9× (12.58%)
42 more quarters

Against its own ten years

Low 18.7× High 6,137×
Ten-year median 58.9×
Current reading's percentile 8

Price to free cash flow against peers

Company Price to free cash flow
ADBE Adobe Inc. compare 9.1×
CRM Salesforce, Inc. compare 13.0×
UBER Uber Technologies, Inc. compare 14.2×
ADP Automatic Data Processing, Inc. compare 24.3×
SAP SAP SE compare 25.4×
NOW ServiceNow, Inc. 32.3×
DDOG Datadog, Inc. compare 82.1×
SNOW Snowflake Inc. compare 89.6×
SHOP Shopify Inc. compare 93.2×
Software Application industry median 17.6×
Technology sector median 20.0×
Market median 14.2×

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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