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ServiceNow（NOW）与Northern Trust（NTRS）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是Northern Trust的1.7倍（$3.8B vs $2.2B），Northern Trust净利率更高（23.7% vs 12.4%，领先11.3%），Northern Trust同比增速更快（13.8% vs 2.8%），过去两年Northern Trust的营收复合增速更高（37.8% vs 19.8%）
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
Northern Trust是总部位于美国伊利诺伊州芝加哥的专业金融服务企业，主要服务对象包括各类企业、机构投资者以及超高净值个人客户，是美国规模最大、持续运营历史最悠久的银行机构之一。截至2025年12月末，其管理资产规模达1.8万亿美元，托管资产规模达14.9万亿美元。
NOW vs NTRS — 直观对比
营收规模更大
NOW
是对方的1.7倍
$2.2B
营收增速更快
NTRS
高出11.0%
2.8%
净利率更高
NTRS
高出11.3%
12.4%
两年增速更快
NTRS
近两年复合增速
19.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.2B |
| 净利润 | $469.0M | $525.5M |
| 毛利率 | 75.1% | — |
| 营业利润率 | 13.3% | — |
| 净利率 | 12.4% | 23.7% |
| 营收同比 | 2.8% | 13.8% |
| 净利润同比 | -53.7% | 13.0% |
| 每股收益（稀释后） | $1.04 | $2.71 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NOWNTRS
| Q1 26 | $3.8B | $2.2B | ||
| Q4 25 | $3.6B | $1.3B | ||
| Q3 25 | $3.4B | $1.3B | ||
| Q2 25 | $3.2B | $1.2B | ||
| Q1 25 | $3.1B | $1.2B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.8B | $1.2B | ||
| Q2 24 | $2.6B | $1.2B |
净利润NOWNTRS
| Q1 26 | $469.0M | $525.5M | ||
| Q4 25 | $401.0M | $466.0M | ||
| Q3 25 | $502.0M | $457.6M | ||
| Q2 25 | $385.0M | $421.3M | ||
| Q1 25 | $460.0M | $392.0M | ||
| Q4 24 | $384.0M | $455.4M | ||
| Q3 24 | $432.0M | $464.9M | ||
| Q2 24 | $262.0M | $896.1M |
毛利率NOWNTRS
| Q1 26 | 75.1% | — | ||
| Q4 25 | 76.6% | — | ||
| Q3 25 | 77.3% | — | ||
| Q2 25 | 77.5% | — | ||
| Q1 25 | 78.9% | — | ||
| Q4 24 | 78.7% | — | ||
| Q3 24 | 79.1% | — | ||
| Q2 24 | 79.0% | — |
营业利润率NOWNTRS
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | 48.5% | ||
| Q3 25 | 16.8% | 49.0% | ||
| Q2 25 | 11.1% | 45.9% | ||
| Q1 25 | 14.6% | 43.0% | ||
| Q4 24 | 12.6% | 48.6% | ||
| Q3 24 | 14.9% | 50.2% | ||
| Q2 24 | 9.1% | — |
净利率NOWNTRS
| Q1 26 | 12.4% | 23.7% | ||
| Q4 25 | 11.2% | 35.6% | ||
| Q3 25 | 14.7% | 36.2% | ||
| Q2 25 | 12.0% | 34.2% | ||
| Q1 25 | 14.9% | 32.3% | ||
| Q4 24 | 13.0% | 37.3% | ||
| Q3 24 | 15.4% | 38.9% | ||
| Q2 24 | 10.0% | 76.8% |
每股收益（稀释后）NOWNTRS
| Q1 26 | $1.04 | $2.71 | ||
| Q4 25 | $-4.77 | $2.42 | ||
| Q3 25 | $2.40 | $2.29 | ||
| Q2 25 | $1.84 | $2.13 | ||
| Q1 25 | $2.20 | $1.90 | ||
| Q4 24 | $1.84 | $2.25 | ||
| Q3 24 | $2.07 | $2.22 | ||
| Q2 24 | $1.26 | $4.34 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.7B | — |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | $11.7B | $13.0B |
| 总资产 | $24.4B | $174.6B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资NOWNTRS
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.2B | — |
总债务NOWNTRS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NOWNTRS
| Q1 26 | $11.7B | $13.0B | ||
| Q4 25 | $13.0B | $13.0B | ||
| Q3 25 | $11.3B | $13.0B | ||
| Q2 25 | $10.9B | $12.9B | ||
| Q1 25 | $10.1B | $12.9B | ||
| Q4 24 | $9.6B | $12.8B | ||
| Q3 24 | $9.3B | $12.7B | ||
| Q2 24 | $8.7B | $12.7B |
总资产NOWNTRS
| Q1 26 | $24.4B | $174.6B | ||
| Q4 25 | $26.0B | $177.1B | ||
| Q3 25 | $21.8B | $170.3B | ||
| Q2 25 | $22.1B | $171.9B | ||
| Q1 25 | $21.0B | $165.1B | ||
| Q4 24 | $20.4B | $155.5B | ||
| Q3 24 | $18.4B | $155.8B | ||
| Q2 24 | $18.2B | $156.8B |
负债/权益比NOWNTRS
| Q1 26 | — | 0.22× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.7B | — |
| 自由现金流经营现金流 - 资本支出 | $1.7B | — |
| 自由现金流率自由现金流/营收 | 44.2% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.56× | — |
| 过去12个月自由现金流最近4个季度 | $4.8B | — |
8季度趋势，按日历期对齐
经营现金流NOWNTRS
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $388.4M | ||
| Q3 25 | $813.0M | $525.8M | ||
| Q2 25 | $716.0M | $1.9B | ||
| Q1 25 | $1.7B | $2.7B | ||
| Q4 24 | $1.6B | $-2.6B | ||
| Q3 24 | $671.0M | $611.1M | ||
| Q2 24 | $620.0M | $3.0B |
自由现金流NOWNTRS
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $355.6M | ||
| Q3 25 | $578.0M | $509.4M | ||
| Q2 25 | $526.0M | $1.9B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.4B | $-2.7B | ||
| Q3 24 | $469.0M | $585.4M | ||
| Q2 24 | $358.0M | $3.0B |
自由现金流率NOWNTRS
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | 27.2% | ||
| Q3 25 | 17.0% | 40.3% | ||
| Q2 25 | 16.4% | 150.8% | ||
| Q1 25 | 47.7% | 225.5% | ||
| Q4 24 | 46.7% | -218.9% | ||
| Q3 24 | 16.8% | 48.9% | ||
| Q2 24 | 13.6% | 254.7% |
资本支出强度NOWNTRS
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 2.5% | ||
| Q3 25 | 6.9% | 1.3% | ||
| Q2 25 | 5.9% | 1.0% | ||
| Q1 25 | 6.6% | 1.0% | ||
| Q4 24 | 8.6% | 3.3% | ||
| Q3 24 | 7.2% | 2.1% | ||
| Q2 24 | 10.0% | 1.8% |
现金转化率NOWNTRS
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | 0.83× | ||
| Q3 25 | 1.62× | 1.15× | ||
| Q2 25 | 1.86× | 4.44× | ||
| Q1 25 | 3.65× | 7.01× | ||
| Q4 24 | 4.26× | -5.79× | ||
| Q3 24 | 1.55× | 1.31× | ||
| Q2 24 | 2.37× | 3.34× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
