Cluenex
Log inStart free
All stocks · Technology · Systems Software

ServiceNow NOW

ServiceNow scores good on business quality (7.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$140.86Oct 9, 2026
Business qualityGood
Next earningsOct 28, 2026, after the close
Insiders, 90 daysSelling

Why it matters

  1. What ServiceNow does

    ServiceNow builds enterprise cloud software that automates IT workflows, HR services, and customer operations for large corporate clients.

  2. What it does best

    ServiceNow dominates enterprise IT workflow automation, securing a 74.8% gross margin that outpaces Oracle's 64%. Switching costs are exceptionally high once its platform becomes the core system of record for corporate operations.

  3. The main risk

    Fierce artificial intelligence competition from tech giants like Meta threatens its expansion pace, raising execution risks as enterprises evaluate alternative platforms for workflow automation.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin is 11.4% with an FCF margin in the top decile of its sector at 82%. Scale efficiencies continue to drive cash conversion higher.

MoatStrong

High switching costs lock in enterprise clients, backed by a gross margin sitting in the sector's top quartile. Replacing the platform disrupts entire corporate workflows.

GrowthFast

Revenue growth sits at 20.9%, fueled by core workflow adoption. This expansion rate is accelerating relative to historical figures.

Financial healthStrong

With cash of $6.3B exceeding total debt by a wide margin and interest coverage at 20x, the balance sheet is rock solid. Free cash flow reached $4.6B, getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

2 sold $667K outside pre-planned sales.

Our sealed record on NOW

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is NOW a good business?

ServiceNow scores good on the Cluenex quality check (7.4 of 10), measured against its own industry. Profitability is fair, moat strong, growth fast and financial health strong.

Are insiders buying NOW?

In the last 90 days of SEC Form 4 filings: 2 sold $667K outside pre-planned sales.

When does NOW report earnings?

Oct 28, 2026, after the close.

For members

See NOW today

  • Today's verdict on NOW, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
Open in Cluenex Free to start. First month of Core free.

Cite this page: Cluenex, “ServiceNow (NOW)”, https://cluenex.com/stocks/now/, data as of Oct 10, 2026.