NOW
ServiceNow, Inc.
NOW's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA has the edge over NOW overall, supported by stronger fundamentals and stronger modeled upside.
NOW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Under pressure |
NOW's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet is under pressure.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
NOW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 22x | $101 | — |
| Current | 72x | $101 | — |
| Cheap | 83x | $115 | +14% |
| Fair | 141x | $196 | +95% |
| Expensive | 518x | $720 | +616% |
Historical ranges are pointers, not guarantees.
NOW's PE is in its cheap range at 72x. If earnings grow as analysts expect, today's price would be 22x next year's earnings.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA has the edge over NOW in the historical PE scenario, which offers more potential upside but is not a forecast.
NOW Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Broad | |
| Moderate |
NOW has the edge over NVDA on the outlook, with more favorable profitability expectations.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
NOW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.55 | +227% |
| Q3 2026 | $1.39 | -16% |
| Q2 2026 | $1.60 | +0.6% |
| Q1 2026 | $1.68 | +14% |
| Q4 2025 | $1.67 | +22% |
| Q3 2025 | $1.66 | +29% |
| Q2 2025 | $1.59 | +43% |
| Q1 2025 | $1.47 | -21% |
| Q4 2024 | $1.37 | -18% |
NOW's earnings per share have fallen from their peak: $1.39 over the past year, against $1.87 in early 2024.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA has the edge over NOW on earnings, with more consistent year-over-year improvement.
NOW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.1B | +21% |
| Q2 2026 | $4B | +24% |
| Q1 2026 | $3.8B | +22% |
| Q4 2025 | $3.6B | +21% |
| Q3 2025 | $3.4B | +22% |
| Q2 2025 | $3.2B | +22% |
| Q1 2025 | $3.1B | +19% |
| Q4 2024 | $3B | +21% |
NOW's revenue has grown year over year every quarter since late 2020: $4.1B last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.4% | -7.4 points |
| Q2 2026 | 4.1% | -7.1 points |
| Q1 2026 | 13% | -1.3 points |
| Q4 2025 | 12% | -0.2 points |
| Q3 2025 | 17% | +1.8 points |
| Q2 2025 | 11% | +2 points |
| Q1 2025 | 15% | +1.8 points |
| Q4 2024 | 13% | +1.6 points |
NOW's operating margin was 9.4% last quarter, down 7.4 points from the same quarter a year ago.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over NOW on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over NOW on profitability, with a higher operating margin.
NOW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $748M | +29% |
| Q2 2026 | $473M | -10% |
| Q1 2026 | $1.5B | +3.9% |
| Q4 2025 | $2B | +45% |
| Q3 2025 | $578M | +23% |
| Q2 2025 | $526M | +47% |
| Q1 2025 | $1.5B | +22% |
| Q4 2024 | $1.4B | +2.8% |
NOW's free cash flow has been positive every quarter for seven years: $4.8B over the past year, up 20% from the year before.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over NOW on cash flow, with stronger typical year-over-year growth.
NOW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +8.7M shares |
| 1 year | -0.4% | -4.5M shares |
| 3 years | +1.1% | +11.6M shares |
| 5 years | +2.7% | +27.4M shares |
| Available history | +5.8% | +56.9M shares |
NOW has 1B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $2.2B |
| Q4 2025 | $597M |
| Q3 2025 | $584M |
| Q2 2025 | $361M |
| Q1 2025 | $298M |
| Q4 2024 | $296M |
NOW spent $2.8B buying back its own shares over the past year, up 83% from the year before.
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has the edge over NOW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
NOW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.6x | Moderate |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.9x | Net Cash |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
NOW's net debt is about 2.6 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA has the edge over NOW on leverage, with a lower net debt burden relative to earnings.
NOW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.7 | Neutral |
| Stochastic | 5.4 | Oversold |
NOW's weekly RSI is 41 (neutral) and its Stochastic is 5 (oversold).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
NOW PE vs Technology Sector
| Metric | NOW | Sector median | Relative |
|---|---|---|---|
| PE | 72x | 28x | 160% above |
| PE % | 7 | 35 | 28 pts below |
NOW is trading at 72x earnings, a 160% premium to the Technology sector's median of 28x.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA has the edge over NOW on valuation relative to its sector.
NOW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $127.4 | 21% below |
| 20 week MA | $123.9 | 19% below |
| 50 week MA | $119.0 | 15% below |
| 100 week MA | $153.4 | 34% below |
| 200 week MA | $145.0 | 31% below |
NOW is in a downtrend: it's below all five of its weekly moving averages, and 31% below its 200-week average.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has the edge over NOW on trend strength, trading above more of its moving averages.
NOW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $57.4 | $110.8 | +93% |
| 2021 | $110.8 | $129.7 | +17% |
| 2022 | $129.7 | $76.4 | -41% |
| 2023 | $76.4 | $141.3 | +85% |
| 2024 | $141.3 | $216.3 | +53% |
| 2025 | $216.3 | $153.9 | -29% |
| 2026 YTD | $153.9 | $100.7 | -35% |
NOW is down 35% so far in 2026, after finishing higher in four of the previous six years.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA has the edge over NOW on returns for 2026, with the stronger performance.