ServiceNow Inc (NOW)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 2,261,000 1,761,000 762,000 426,000 257,000
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 12,964,000 9,609,000 7,628,000 5,032,000 3,695,000
Return on total capital 17.44% 18.33% 9.99% 8.47% 6.96%

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $2,261,000K ÷ ($—K + $12,964,000K)
= 17.44%