NOW
ServiceNow, Inc.
NOW has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over NOW overall, supported by stronger fundamentals.
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.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK'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.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK 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 |
Analysts expect strong earnings and revenue growth for NOW, with profitability holding steady.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
SNDK has the edge over NOW on the outlook, with more favorable profitability expectations.
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.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over NOW in the latest year-over-year earnings comparison.
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.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK 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.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
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 the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| 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.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
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.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK 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).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (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.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK 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 |
SNDK has stronger trend alignment. NOW is above 0 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
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.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over NOW on returns for 2026, with the stronger performance.