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ServiceNow（NOW）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是新闻集团的1.6倍（$3.8B vs $2.4B），ServiceNow净利率更高（12.4% vs 8.2%，领先4.3%），新闻集团同比增速更快（5.5% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $132.0M），过去两年ServiceNow的营收复合增速更高（19.8% vs -1.3%）
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。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
NOW vs NWSA — 直观对比
营收规模更大
NOW
是对方的1.6倍
$2.4B
营收增速更快
NWSA
高出2.8%
2.8%
净利率更高
NOW
高出4.3%
8.2%
自由现金流更多
NOW
多$1.5B
$132.0M
两年增速更快
NOW
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.4B |
| 净利润 | $469.0M | $193.0M |
| 毛利率 | 75.1% | — |
| 营业利润率 | 13.3% | — |
| 净利率 | 12.4% | 8.2% |
| 营收同比 | 2.8% | 5.5% |
| 净利润同比 | -53.7% | -10.2% |
| 每股收益（稀释后） | $1.04 | $0.34 |
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NOWNWSA
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.6B | $2.4B | ||
| Q3 25 | $3.4B | $2.1B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.1B | $2.0B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $2.8B | $2.6B | ||
| Q2 24 | $2.6B | $2.6B |
净利润NOWNWSA
| Q1 26 | $469.0M | — | ||
| Q4 25 | $401.0M | $193.0M | ||
| Q3 25 | $502.0M | $112.0M | ||
| Q2 25 | $385.0M | $743.0M | ||
| Q1 25 | $460.0M | $103.0M | ||
| Q4 24 | $384.0M | $215.0M | ||
| Q3 24 | $432.0M | $119.0M | ||
| Q2 24 | $262.0M | $50.0M |
毛利率NOWNWSA
| 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NOWNWSA
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 16.8% | — | ||
| Q2 25 | 11.1% | 8.5% | ||
| Q1 25 | 14.6% | 7.5% | ||
| Q4 24 | 12.6% | 19.2% | ||
| Q3 24 | 14.9% | 7.9% | ||
| Q2 24 | 9.1% | 4.3% |
净利率NOWNWSA
| Q1 26 | 12.4% | — | ||
| Q4 25 | 11.2% | 8.2% | ||
| Q3 25 | 14.7% | 5.2% | ||
| Q2 25 | 12.0% | 45.6% | ||
| Q1 25 | 14.9% | 5.1% | ||
| Q4 24 | 13.0% | 9.6% | ||
| Q3 24 | 15.4% | 4.6% | ||
| Q2 24 | 10.0% | 1.9% |
每股收益（稀释后）NOWNWSA
| Q1 26 | $1.04 | — | ||
| Q4 25 | $-4.77 | $0.34 | ||
| Q3 25 | $2.40 | $0.20 | ||
| Q2 25 | $1.84 | $1.30 | ||
| Q1 25 | $2.20 | $0.18 | ||
| Q4 24 | $1.84 | $0.38 | ||
| Q3 24 | $2.07 | $0.21 | ||
| Q2 24 | $1.26 | $0.09 |
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 | $2.1B |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $11.7B | $8.8B |
| 总资产 | $24.4B | $15.5B |
| 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NOWNWSA
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | $2.1B | ||
| Q3 25 | $2.7B | $2.2B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $3.4B | $2.1B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $2.2B | $2.0B |
总债务NOWNWSA
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B |
股东权益NOWNWSA
| Q1 26 | $11.7B | — | ||
| Q4 25 | $13.0B | $8.8B | ||
| Q3 25 | $11.3B | $8.7B | ||
| Q2 25 | $10.9B | $8.8B | ||
| Q1 25 | $10.1B | $8.2B | ||
| Q4 24 | $9.6B | $8.1B | ||
| Q3 24 | $9.3B | $8.3B | ||
| Q2 24 | $8.7B | $8.1B |
总资产NOWNWSA
| Q1 26 | $24.4B | — | ||
| Q4 25 | $26.0B | $15.5B | ||
| Q3 25 | $21.8B | $15.3B | ||
| Q2 25 | $22.1B | $15.5B | ||
| Q1 25 | $21.0B | $16.6B | ||
| Q4 24 | $20.4B | $16.2B | ||
| Q3 24 | $18.4B | $16.9B | ||
| Q2 24 | $18.2B | $16.7B |
负债/权益比NOWNWSA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× |
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 | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $132.0M |
| 自由现金流率自由现金流/营收 | 44.2% | 5.6% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 现金转化率经营现金流/净利润 | 3.56× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $4.8B | $586.0M |
8季度趋势，按日历期对齐
经营现金流NOWNWSA
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $231.0M | ||
| Q3 25 | $813.0M | $85.0M | ||
| Q2 25 | $716.0M | $189.0M | ||
| Q1 25 | $1.7B | $511.0M | ||
| Q4 24 | $1.6B | $252.0M | ||
| Q3 24 | $671.0M | $64.0M | ||
| Q2 24 | $620.0M | $254.0M |
自由现金流NOWNWSA
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $132.0M | ||
| Q3 25 | $578.0M | $4.0M | ||
| Q2 25 | $526.0M | $32.0M | ||
| Q1 25 | $1.5B | $418.0M | ||
| Q4 24 | $1.4B | $190.0M | ||
| Q3 24 | $469.0M | $-31.0M | ||
| Q2 24 | $358.0M | $111.0M |
自由现金流率NOWNWSA
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | 5.6% | ||
| Q3 25 | 17.0% | 0.2% | ||
| Q2 25 | 16.4% | 2.0% | ||
| Q1 25 | 47.7% | 20.8% | ||
| Q4 24 | 46.7% | 8.5% | ||
| Q3 24 | 16.8% | -1.2% | ||
| Q2 24 | 13.6% | 4.3% |
资本支出强度NOWNWSA
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 4.2% | ||
| Q3 25 | 6.9% | 3.8% | ||
| Q2 25 | 5.9% | 9.6% | ||
| Q1 25 | 6.6% | 4.6% | ||
| Q4 24 | 8.6% | 2.8% | ||
| Q3 24 | 7.2% | 3.7% | ||
| Q2 24 | 10.0% | 5.5% |
现金转化率NOWNWSA
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | 1.20× | ||
| Q3 25 | 1.62× | 0.76× | ||
| Q2 25 | 1.86× | 0.25× | ||
| Q1 25 | 3.65× | 4.96× | ||
| Q4 24 | 4.26× | 1.17× | ||
| Q3 24 | 1.55× | 0.54× | ||
| Q2 24 | 2.37× | 5.08× |
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% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
