ServiceNow Inc
NYSE:NOW

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ServiceNow Inc
NYSE:NOW
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Price: 1 091.25 USD 1.52% Market Closed
Market Cap: 224.8B USD
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Gross Margin
ServiceNow Inc

79.2%
Current
78%
Average
46.6%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
79.2%
=
Gross Profit
8.3B
/
Revenue
10.5B

Gross Margin Across Competitors

Country US
Market Cap 225.1B USD
Gross Margin
79%
Country US
Market Cap 3.2T USD
Gross Margin
69%
Country US
Market Cap 474.4B USD
Gross Margin
71%
Country US
Market Cap 89.2B USD
Gross Margin
75%
Country US
Market Cap 74.2B USD
Gross Margin
80%
Country US
Market Cap 61.2B USD
Gross Margin
74%
Country US
Market Cap 58B EUR
Gross Margin
81%
Country US
Market Cap 54.6B USD
Gross Margin
0%
Country US
Market Cap 28.7B USD
Gross Margin
78%
Country IL
Market Cap 20.7B USD
Gross Margin
88%
Country US
Market Cap 17.1B USD
Gross Margin
80%
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ServiceNow Inc
Glance View

Market Cap
225.1B USD
Industry
Technology
Economic Moat
Wide

In the bustling world of digital transformation, ServiceNow Inc. stands out as a pivotal player, driving operational efficiency for organizations globally. Founded in 2004 by Fred Luddy, the company emerged from the desire to revolutionize the way enterprises manage their IT services. Initially focusing on IT service management (ITSM), ServiceNow capitalized on the pressing need for businesses to streamline their operations in a rapidly digitizing market. The cloud-based platform became a vital tool, offering a single system of record for IT processes, which was not only innovative at the time but also critically necessary. By providing this seamless digital workflow, ServiceNow quickly earned its reputation as a linchpin in IT service management, serving a wide array of industries from healthcare to banking. ServiceNow's business model thrives on a subscription-based approach. Organizations subscribe to its suite of applications which span beyond IT to incorporate areas like HR, customer service, and security operations. By continually expanding its offerings to include these broader enterprise functions through its Now Platform, ServiceNow ensures steady revenue streams and deepens its integration into a company's daily workflow. This strategy cushions the company against the cyclicality challenges typical in software sales. Instead of one-off transactions, ServiceNow builds enduring relationships with its clients, promising regular updates and enhancements to its suite. This continuous value addition not only fortifies client retention but also aligns ServiceNow's growth with the digital evolution of its customers. In essence, the company earns its keep by ensuring that businesses keep running smoothly in an increasingly complex digital landscape.

NOW Intrinsic Value
378.25 USD
Overvaluation 65%
Intrinsic Value
Price

See Also

Discover More
What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
79.2%
=
Gross Profit
8.3B
/
Revenue
10.5B
What is the Gross Margin of ServiceNow Inc?

Based on ServiceNow Inc's most recent financial statements, the company has Gross Margin of 79.2%.