Software - Infrastructure
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PATH vs NOW
Revenue, margins, valuation, and 5-year total return — side by side.
Software - Application
PATH vs NOW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Software - Infrastructure | Software - Application |
| Market Cap | $5.99B | $95.34B |
| Revenue (TTM) | $1.61B | $13.96B |
| Net Income (TTM) | $282M | $1.76B |
| Gross Margin | 83.2% | 76.6% |
| Operating Margin | 3.5% | 13.4% |
| Forward P/E | 15.9x | 22.1x |
| Total Debt | $71M | $3.20B |
| Cash & Equiv. | $871M | $3.73B |
PATH vs NOW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Apr 21 | May 26 | Return |
|---|---|---|---|
| UiPath Inc. (PATH) | 100 | 14.9 | -85.1% |
| ServiceNow, Inc. (NOW) | 100 | 18.2 | -81.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PATH vs NOW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PATH carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- beta 1.34
- Lower volatility, beta 1.34, Low D/E 3.4%, current ratio 2.48x
- Beta 1.34, current ratio 2.48x
NOW is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 20.9%, EPS growth 21.9%, 3Y rev CAGR 22.4%
- 35.7% 10Y total return vs PATH's -84.5%
- 20.9% revenue growth vs PATH's 12.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 20.9% revenue growth vs PATH's 12.7% | |
| Value | Lower P/E (15.9x vs 22.1x) | |
| Quality / Margins | 17.5% margin vs NOW's 12.6% | |
| Stability / Safety | Beta 1.34 vs NOW's 1.46, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | -9.1% vs NOW's -90.6% | |
| Efficiency (ROA) | 10.0% ROA vs NOW's 7.5%, ROIC 3.9% vs 12.4% |
PATH vs NOW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
PATH vs NOW — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — PATH and NOW each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NOW is the larger business by revenue, generating $14.0B annually — 8.7x PATH's $1.6B. Profitability is closely matched — net margins range from 17.5% (PATH) to 12.6% (NOW). On growth, NOW holds the edge at +22.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.6B | $14.0B |
| EBITDAEarnings before interest/tax | $74M | $2.7B |
| Net IncomeAfter-tax profit | $282M | $1.8B |
| Free Cash FlowCash after capex | $352M | $4.6B |
| Gross MarginGross profit ÷ Revenue | +83.2% | +76.6% |
| Operating MarginEBIT ÷ Revenue | +3.5% | +13.4% |
| Net MarginNet income ÷ Revenue | +17.5% | +12.6% |
| FCF MarginFCF ÷ Revenue | +21.9% | +33.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +13.6% | +22.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +111.1% | +2.3% |
Valuation Metrics
PATH leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 20.6x trailing earnings, PATH trades at a 63% valuation discount to NOW's 55.1x P/E. On an enterprise value basis, NOW's 37.0x EV/EBITDA is more attractive than PATH's 66.6x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $6.0B | $95.3B |
| Enterprise ValueMkt cap + debt − cash | $5.2B | $94.8B |
| Trailing P/EPrice ÷ TTM EPS | 20.58x | 55.10x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.89x | 22.13x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.79x |
| EV / EBITDAEnterprise value multiple | 66.62x | 37.01x |
| Price / SalesMarket cap ÷ Revenue | 3.72x | 7.18x |
| Price / BookPrice ÷ Book value/share | 2.80x | 7.43x |
| Price / FCFMarket cap ÷ FCF | 17.01x | 20.83x |
Profitability & Efficiency
PATH leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
PATH delivers a 15.3% return on equity — every $100 of shareholder capital generates $15 in annual profit, vs $15 for NOW. PATH carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to NOW's 0.25x. On the Piotroski fundamental quality scale (0–9), PATH scores 8/9 vs NOW's 3/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +15.3% | +15.0% |
| ROA (TTM)Return on assets | +10.0% | +7.5% |
| ROICReturn on invested capital | +3.9% | +12.4% |
| ROCEReturn on capital employed | +2.8% | +13.2% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 3 |
| Debt / EquityFinancial leverage | 0.03x | 0.25x |
| Net DebtTotal debt minus cash | -$800M | -$523M |
| Cash & Equiv.Liquid assets | $871M | $3.7B |
| Total DebtShort + long-term debt | $71M | $3.2B |
| Interest CoverageEBIT ÷ Interest expense | — | 185.08x |
Total Returns (Dividends Reinvested)
PATH leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NOW five years ago would be worth $1,917 today (with dividends reinvested), compared to $1,510 for PATH. Over the past 12 months, PATH leads with a -9.1% total return vs NOW's -90.6%. The 3-year compound annual growth rate (CAGR) favors PATH at -6.0% vs NOW's -40.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -32.6% | -37.6% |
| 1-Year ReturnPast 12 months | -9.1% | -90.6% |
| 3-Year ReturnCumulative with dividends | -16.9% | -78.8% |
| 5-Year ReturnCumulative with dividends | -84.9% | -80.8% |
| 10-Year ReturnCumulative with dividends | -84.5% | +35.7% |
| CAGR (3Y)Annualised 3-year return | -6.0% | -40.4% |
Risk & Volatility
PATH leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PATH is the less volatile stock with a 1.34 beta — it tends to amplify market swings less than NOW's 1.46 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PATH currently trades 53.9% from its 52-week high vs NOW's 8.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.34x | 1.46x |
| 52-Week HighHighest price in past year | $19.84 | $1057.39 |
| 52-Week LowLowest price in past year | $9.28 | $81.24 |
| % of 52W HighCurrent price vs 52-week peak | +53.9% | +8.7% |
| RSI (14)Momentum oscillator 0–100 | 51.9 | 44.8 |
| Avg Volume (50D)Average daily shares traded | 30.9M | 20.8M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates PATH as "Hold" and NOW as "Buy". Consensus price targets imply 64.7% upside for NOW (target: $152) vs 47.9% for PATH (target: $16).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $15.82 | $151.52 |
| # AnalystsCovering analysts | 24 | 68 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +5.5% | +1.9% |
PATH leads in 4 of 6 categories — strongest in Valuation Metrics and Profitability & Efficiency. 1 category is tied.
PATH vs NOW: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PATH or NOW a better buy right now?
For growth investors, ServiceNow, Inc.
(NOW) is the stronger pick with 20. 9% revenue growth year-over-year, versus 12. 7% for UiPath Inc. (PATH). UiPath Inc. (PATH) offers the better valuation at 20. 6x trailing P/E (15. 9x forward), making it the more compelling value choice. Analysts rate ServiceNow, Inc. (NOW) a "Buy" — based on 68 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PATH or NOW?
On trailing P/E, UiPath Inc.
(PATH) is the cheapest at 20. 6x versus ServiceNow, Inc. at 55. 1x. On forward P/E, UiPath Inc. is actually cheaper at 15. 9x.
03Which is the better long-term investment — PATH or NOW?
Over the past 5 years, ServiceNow, Inc.
(NOW) delivered a total return of -80. 8%, compared to -84. 9% for UiPath Inc. (PATH). Over 10 years, the gap is even starker: NOW returned +35. 7% versus PATH's -84. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PATH or NOW?
By beta (market sensitivity over 5 years), UiPath Inc.
(PATH) is the lower-risk stock at 1. 34β versus ServiceNow, Inc. 's 1. 46β — meaning NOW is approximately 9% more volatile than PATH relative to the S&P 500. On balance sheet safety, UiPath Inc. (PATH) carries a lower debt/equity ratio of 3% versus 25% for ServiceNow, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — PATH or NOW?
By revenue growth (latest reported year), ServiceNow, Inc.
(NOW) is pulling ahead at 20. 9% versus 12. 7% for UiPath Inc. (PATH). On earnings-per-share growth, the picture is similar: UiPath Inc. grew EPS 500. 0% year-over-year, compared to 21. 9% for ServiceNow, Inc.. Over a 3-year CAGR, NOW leads at 22. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PATH or NOW?
UiPath Inc.
(PATH) is the more profitable company, earning 17. 5% net margin versus 13. 2% for ServiceNow, Inc. — meaning it keeps 17. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NOW leads at 13. 7% versus 3. 8% for PATH. At the gross margin level — before operating expenses — PATH leads at 83. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PATH or NOW more undervalued right now?
On forward earnings alone, UiPath Inc.
(PATH) trades at 15. 9x forward P/E versus 22. 1x for ServiceNow, Inc. — 6. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NOW: 64. 7% to $151. 52.
08Which pays a better dividend — PATH or NOW?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is PATH or NOW better for a retirement portfolio?
For long-horizon retirement investors, UiPath Inc.
(PATH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Both have compounded well over 10 years (PATH: -84. 5%, NOW: +35. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PATH and NOW?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: PATH is a small-cap quality compounder stock; NOW is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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