ServiceNow Inc (NOW)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,279,000 | 2,206,000 | 2,028,000 | 1,891,000 | 1,761,000 | 1,563,000 | 1,346,000 | 1,186,000 | 949,000 | 869,000 | 674,000 | 529,000 | 426,000 | 275,000 | 240,000 | 262,000 | 277,000 | 259,068 | 253,068 | 259,068 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 12,964,000 | 11,301,000 | 10,932,000 | 10,139,000 | 9,609,000 | 9,290,000 | 8,666,000 | 8,107,000 | 7,628,000 | 7,182,000 | 6,926,000 | 5,600,000 | 5,032,000 | 4,523,000 | 4,194,000 | 3,997,000 | 3,695,000 | 3,534,000 | 3,275,000 | 3,037,000 |
| Return on total capital | 17.58% | 19.52% | 18.55% | 18.65% | 18.33% | 16.82% | 15.53% | 14.63% | 12.44% | 12.10% | 9.73% | 9.45% | 8.47% | 6.08% | 5.72% | 6.55% | 7.50% | 7.33% | 7.73% | 8.53% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,279,000K ÷ ($—K + $12,964,000K)
= 17.58%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
ServiceNow Inc
NOW
17.58%
Adobe Systems Incorporated
ADBE
76.84%
Appfolio Inc
APPF
28.87%
Bentley Systems Inc
BSY
29.12%
Fair Isaac Corporation
FICO
—
Guidewire Software Inc
GWRE
4.30%
Manhattan Associates Inc
MANH
89.95%
PTC Inc
PTC
24.25%
Q2 Holdings
QTWO
2.83%
Roper Technologies, Inc.
ROP
11.48%