Last 48 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
ServiceNow, Inc.'s quarterly P/E stands at 100.8x, down 85.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 88.4% YoY to 61.0x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 64.68 | 100.78 | 479.31 | 694.65 | 452.35 | 716.30 | 545.36 | 156.09 | 114.13 | 617.56 | 597.18 | 138.28 | 795.75 |
| — | -85.9% | -12.1% | +345.0% | +296.3% | +16.0% | -8.7% | +12.9% | -85.7% | -5.8% | -50.7% | -97.7% | -57.7% | |
| P/S Ratio | 8.52 | 11.24 | 70.91 | 83.67 | 67.47 | 93.66 | 83.36 | 77.78 | 76.04 | 75.01 | 62.99 | 67.09 | 56.61 |
| — | -88.0% | -14.9% | +7.6% | -11.3% | +24.9% | +32.3% | +15.9% | +34.3% | +47.7% | +20.4% | -2.6% | -31.0% | |
| P/B Ratio | 8.72 | 12.37 | 85.51 | 98.43 | 82.20 | 115.29 | 100.39 | 94.32 | 97.66 | 95.86 | 80.27 | 83.31 | 84.75 |
| — | -89.3% | -14.8% | +4.4% | -15.8% | +20.3% | +25.1% | +13.2% | +15.2% | +22.4% | -5.3% | -27.6% | -40.1% | |
| P/FCF | 24.71 | 20.05 | 417.95 | 511.41 | 141.55 | 200.40 | 497.14 | 585.49 | 167.02 | 136.02 | 823.58 | 321.99 | 161.00 |
| — | -90.0% | -15.9% | -12.7% | -15.3% | +47.3% | -39.6% | +81.8% | +3.7% | +40.5% | -11.5% | -24.7% | -12.3% | |
| EV / EBITDA | 43.94 | 61.02 | 315.26 | 507.21 | 340.62 | 524.53 | 434.35 | 543.51 | 428.52 | 460.71 | 412.61 | 636.07 | 439.83 |
| — | -88.4% | -27.4% | -6.7% | -20.5% | +13.9% | +5.3% | -14.6% | -2.6% | +18.1% | -24.0% | -45.8% | -48.6% | |
| EV / EBIT | 61.71 | 73.88 | 344.99 | 563.56 | 370.98 | 591.77 | 446.84 | 601.06 | 459.34 | 518.13 | 473.48 | 802.16 | 612.13 |
| — | -87.5% | -22.8% | -6.2% | -19.2% | +14.2% | -5.6% | -25.1% | -25.0% | -0.3% | -45.8% | -76.8% | -60.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
ServiceNow, Inc.'s operating margin was 12.4% in Q4 2025, down 4.4 pp QoQ and down 0.2 pp YoY. The trailing four-quarter average of 13.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.5% | 76.6% | 77.3% | 77.5% | 78.9% | 78.7% | 79.1% | 79.0% | 80.0% | 78.8% | 78.3% | 78.1% | 79.1% |
| — | -2.6% | -2.3% | -1.9% | -1.4% | -0.2% | +1.0% | +1.1% | +1.2% | +0.3% | +0.2% | +0.4% | +0.7% | |
| Operating Margin | 13.7% | 12.4% | 16.8% | 11.1% | 14.6% | 12.6% | 14.9% | 9.1% | 12.8% | 11.1% | 10.1% | 5.4% | 6.9% |
| — | -1.8% | +12.3% | +21.9% | +14.5% | +14.2% | +48.0% | +67.9% | +85.6% | +38.7% | +103.1% | +333.4% | +36.0% | |
| Net Margin | 13.2% | 11.2% | 14.7% | 12.0% | 14.9% | 13.0% | 15.4% | 10.0% | 13.3% | 12.1% | 10.6% | 48.6% | 7.2% |
| — | -13.5% | -4.6% | +20.1% | +11.7% | +7.3% | +46.0% | -79.5% | +86.3% | +56.6% | +142.1% | +4153.5% | +64.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.5% | 3.3% | 4.5% | 3.7% | 4.7% | 4.1% | 4.8% | 3.1% | 4.4% | 4.0% | 3.4% | 16.7% | 2.8% |
| — | -18.7% | -6.2% | +17.0% | +5.6% | +2.0% | +40.3% | -81.3% | +56.3% | +26.9% | +86.9% | +3313.7% | +44.7% | |
| ROA | 7.5% | 1.7% | 2.3% | 1.8% | 2.2% | 2.0% | 2.4% | 1.5% | 2.0% | 1.8% | 1.6% | 7.3% | 1.1% |
| — | -15.2% | -2.9% | +22.1% | +12.0% | +8.9% | +46.2% | -80.0% | +78.2% | +47.8% | +123.8% | +3942.4% | +61.9% | |
| ROIC | 12.4% | 2.8% | 4.0% | 2.8% | 3.6% | 2.9% | 3.4% | 2.1% | 3.0% | 2.5% | 2.2% | 1.3% | 1.8% |
| — | -2.7% | +18.9% | +31.5% | +18.4% | +17.7% | +55.3% | +61.6% | +66.2% | +19.3% | +61.8% | +240.8% | +14.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
ServiceNow, Inc.'s Debt/EBITDA ratio is 4.9x, up from 3.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 13.9% YoY to 0.95x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 0.25 | 0.21 | 0.22 | 0.24 | 0.24 | 0.24 | 0.26 | 0.28 | 0.30 | 0.31 | 0.32 | 0.40 |
| — | +4.2% | -12.0% | -15.3% | -15.6% | -20.8% | -23.2% | -18.5% | -29.8% | -32.5% | -33.0% | -37.5% | -27.6% | |
| Debt / EBITDA | 1.25 | 4.89 | 3.14 | 4.55 | 3.93 | 4.31 | 4.18 | 6.00 | 4.92 | 5.75 | 6.46 | 9.74 | 8.29 |
| — | +13.3% | -25.0% | -24.2% | -20.2% | -25.0% | -35.3% | -38.5% | -40.6% | -34.8% | -46.2% | -53.2% | -38.0% | |
| Current Ratio | 0.95 | 0.95 | 1.06 | 1.03 | 1.12 | 1.10 | 1.13 | 1.12 | 1.05 | 1.06 | 1.08 | 1.14 | 1.17 |
| — | -13.9% | -6.3% | -8.2% | +7.1% | +4.1% | +5.1% | -2.3% | -10.3% | -4.7% | -12.6% | +1.8% | +4.2% | |
| Quick Ratio | 0.95 | 0.95 | 1.06 | 1.03 | 1.12 | 1.10 | 1.13 | 1.12 | 1.05 | 1.06 | 1.08 | 1.14 | 1.17 |
| — | -13.9% | -6.3% | -8.2% | +7.1% | +4.1% | +5.1% | -2.3% | -10.3% | -4.7% | -12.6% | +1.8% | +4.2% | |
| Interest Coverage | — | — | 95.33 | 59.67 | 75.17 | 74.80 | 69.67 | 40.00 | 55.33 | 45.00 | 38.50 | 19.50 | 24.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonServiceNow, Inc.'s current P/E is 64.7x. The average P/E over the last 4 quarters is 431.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ServiceNow, Inc.'s current operating margin is 13.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ServiceNow, Inc.'s business trajectory between earnings reports.