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ServiceNow NOW Net debt / EBITDA

Net debt / EBITDA at other companies

International Business Machines logo
International Business MachinesIBM
3.8×-1.3×
Salesforce logo
SalesforceCRM
2.7×+2.6×
Workday, Inc. logo
Workday, Inc.WDAY
-0.5×
Oracle logo
OracleORCL
-0.4×-4.0×
Guidewire Software logo
Guidewire SoftwareGWRE
-1.9×
Accenture logo
AccentureACN
-0.2×0.0×

Other financials

Income statement

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Revenue$3.8B+22.1%
Gross profit$2.8B+16.1%
Operating income$503.0M+11.5%
Net income$469.0M+2.0%
EPS (diluted)$0.45+2.3%

Balance sheet

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Cash & equivalents$2.7B-19.8%
Total debt$940.0M+3.4%
Total equity$11.7B+15.7%
Total assets$24.4B+16.3%

Cash flow

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Operating cash flow$1.7B-0.4%
CapEx$141.0M-31.2%
Free cash flow$1.5B+3.9%

Valuation

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Market cap$98.02B-33.5%
Enterprise value$96.25B-33.6%
P/E55.8×-40.0×
P/S-5.8×

Profitability

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Gross margin76.6%-2.4pp
Operating margin13.4%+0.5pp
Net margin12.6%-0.8pp
FCF margin33.2%+1.1pp

Returns & leverage

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Return on equity16.1%-0.8pp
Debt / equity0.1×0.0×
Current ratio0.8×-0.3×

Where this comes from

Calculated from ServiceNow’s reported figures.

Based on the most recent quarter.

The official record: ServiceNow’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ServiceNow's net debt / EBITDA?
ServiceNow (NOW) reported net debt / EBITDA of -0.5× in Q1 2026.
How has ServiceNow's net debt / EBITDA changed year-over-year?
ServiceNow's net debt / EBITDA increased by 44.9% year-over-year, from -1× to -0.5×.
What is the long-term trend for ServiceNow's net debt / EBITDA?
Over 5 years (2020 to 2025), ServiceNow's net debt / EBITDA has grown at a 1.2% compound annual growth rate (CAGR), from 0.9× to -0.9×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.