ServiceNow Inc (NOW)
Financial leverage ratio
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 26,038,000 | 20,383,000 | 17,387,000 | 13,299,000 | 10,798,000 |
| Total stockholders’ equity | US$ in thousands | 12,964,000 | 9,609,000 | 7,628,000 | 5,032,000 | 3,695,000 |
| Financial leverage ratio | 2.01 | 2.12 | 2.28 | 2.64 | 2.92 |
December 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $26,038,000K ÷ $12,964,000K
= 2.01
Peer comparison
Dec 31, 2025
Company name
Symbol
Financial leverage ratio
ServiceNow Inc
NOW
2.01
Adobe Systems Incorporated
ADBE
2.54
Appfolio Inc
APPF
—
Bentley Systems Inc
BSY
3.27
Fair Isaac Corporation
FICO
—
Guidewire Software Inc
GWRE
1.87
Manhattan Associates Inc
MANH
2.67
PTC Inc
PTC
1.73
Q2 Holdings
QTWO
2.50
Roper Technologies, Inc.
ROP
—