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ServiceNow（NOW）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是欧文斯科宁的1.8倍（$3.8B vs $2.1B），ServiceNow净利率更高（12.4% vs -13.9%，领先26.4%），ServiceNow同比增速更快（2.8% vs -24.6%），ServiceNow自由现金流更多（$1.7B vs $333.0M），过去两年ServiceNow的营收复合增速更高（19.8% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
NOW vs OC — 直观对比
营收规模更大
NOW
是对方的1.8倍
$2.1B
营收增速更快
NOW
高出27.4%
-24.6%
净利率更高
NOW
高出26.4%
-13.9%
自由现金流更多
NOW
多$1.3B
$333.0M
两年增速更快
NOW
近两年复合增速
-3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.1B |
| 净利润 | $469.0M | $-298.0M |
| 毛利率 | 75.1% | 23.2% |
| 营业利润率 | 13.3% | -10.5% |
| 净利率 | 12.4% | -13.9% |
| 营收同比 | 2.8% | -24.6% |
| 净利润同比 | -53.7% | -15.5% |
| 每股收益（稀释后） | $1.04 | $-3.47 |
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NOWOC
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.6B | $2.1B | ||
| Q3 25 | $3.4B | $2.7B | ||
| Q2 25 | $3.2B | $2.7B | ||
| Q1 25 | $3.1B | $2.5B | ||
| Q4 24 | $3.0B | $2.8B | ||
| Q3 24 | $2.8B | $3.0B | ||
| Q2 24 | $2.6B | $2.8B |
净利润NOWOC
| Q1 26 | $469.0M | — | ||
| Q4 25 | $401.0M | $-298.0M | ||
| Q3 25 | $502.0M | $-494.0M | ||
| Q2 25 | $385.0M | $363.0M | ||
| Q1 25 | $460.0M | $-93.0M | ||
| Q4 24 | $384.0M | $-258.0M | ||
| Q3 24 | $432.0M | $321.0M | ||
| Q2 24 | $262.0M | $285.0M |
毛利率NOWOC
| Q1 26 | 75.1% | — | ||
| Q4 25 | 76.6% | 23.2% | ||
| Q3 25 | 77.3% | 28.2% | ||
| Q2 25 | 77.5% | 31.2% | ||
| Q1 25 | 78.9% | 28.7% | ||
| Q4 24 | 78.7% | 28.1% | ||
| Q3 24 | 79.1% | 29.8% | ||
| Q2 24 | 79.0% | 31.1% |
营业利润率NOWOC
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | -10.5% | ||
| Q3 25 | 16.8% | -12.2% | ||
| Q2 25 | 11.1% | 18.4% | ||
| Q1 25 | 14.6% | 16.1% | ||
| Q4 24 | 12.6% | -8.5% | ||
| Q3 24 | 14.9% | 16.7% | ||
| Q2 24 | 9.1% | 16.4% |
净利率NOWOC
| Q1 26 | 12.4% | — | ||
| Q4 25 | 11.2% | -13.9% | ||
| Q3 25 | 14.7% | -18.4% | ||
| Q2 25 | 12.0% | 13.2% | ||
| Q1 25 | 14.9% | -3.7% | ||
| Q4 24 | 13.0% | -9.1% | ||
| Q3 24 | 15.4% | 10.5% | ||
| Q2 24 | 10.0% | 10.2% |
每股收益（稀释后）NOWOC
| Q1 26 | $1.04 | — | ||
| Q4 25 | $-4.77 | $-3.47 | ||
| Q3 25 | $2.40 | $-5.92 | ||
| Q2 25 | $1.84 | $4.25 | ||
| Q1 25 | $2.20 | $-1.08 | ||
| Q4 24 | $1.84 | $-2.92 | ||
| Q3 24 | $2.07 | $3.65 | ||
| Q2 24 | $1.26 | $3.24 |
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 | $345.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $11.7B | $3.9B |
| 总资产 | $24.4B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资NOWOC
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | $345.0M | ||
| Q3 25 | $2.7B | $286.0M | ||
| Q2 25 | $3.1B | $230.0M | ||
| Q1 25 | $3.4B | $400.0M | ||
| Q4 24 | $2.3B | $361.0M | ||
| Q3 24 | $1.9B | $499.0M | ||
| Q2 24 | $2.2B | $254.0M |
总债务NOWOC
| Q1 26 | — | — | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B |
股东权益NOWOC
| Q1 26 | $11.7B | — | ||
| Q4 25 | $13.0B | $3.9B | ||
| Q3 25 | $11.3B | $4.4B | ||
| Q2 25 | $10.9B | $5.2B | ||
| Q1 25 | $10.1B | $4.9B | ||
| Q4 24 | $9.6B | $5.1B | ||
| Q3 24 | $9.3B | $5.6B | ||
| Q2 24 | $8.7B | $5.5B |
总资产NOWOC
| Q1 26 | $24.4B | — | ||
| Q4 25 | $26.0B | $13.0B | ||
| Q3 25 | $21.8B | $13.5B | ||
| Q2 25 | $22.1B | $14.5B | ||
| Q1 25 | $21.0B | $14.3B | ||
| Q4 24 | $20.4B | $14.1B | ||
| Q3 24 | $18.4B | $15.1B | ||
| Q2 24 | $18.2B | $15.0B |
负债/权益比NOWOC
| Q1 26 | — | — | ||
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.92× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $333.0M |
| 自由现金流率自由现金流/营收 | 44.2% | 15.5% |
| 资本支出强度资本支出/营收 | — | 12.0% |
| 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 | $962.0M |
8季度趋势，按日历期对齐
经营现金流NOWOC
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $590.0M | ||
| Q3 25 | $813.0M | $918.0M | ||
| Q2 25 | $716.0M | $327.0M | ||
| Q1 25 | $1.7B | $-49.0M | ||
| Q4 24 | $1.6B | $676.0M | ||
| Q3 24 | $671.0M | $699.0M | ||
| Q2 24 | $620.0M | $493.0M |
自由现金流NOWOC
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $333.0M | ||
| Q3 25 | $578.0M | $752.0M | ||
| Q2 25 | $526.0M | $129.0M | ||
| Q1 25 | $1.5B | $-252.0M | ||
| Q4 24 | $1.4B | $479.0M | ||
| Q3 24 | $469.0M | $558.0M | ||
| Q2 24 | $358.0M | $336.0M |
自由现金流率NOWOC
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | 15.5% | ||
| Q3 25 | 17.0% | 28.0% | ||
| Q2 25 | 16.4% | 4.7% | ||
| Q1 25 | 47.7% | -10.0% | ||
| Q4 24 | 46.7% | 16.9% | ||
| Q3 24 | 16.8% | 18.3% | ||
| Q2 24 | 13.6% | 12.0% |
资本支出强度NOWOC
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 12.0% | ||
| Q3 25 | 6.9% | 6.2% | ||
| Q2 25 | 5.9% | 7.2% | ||
| Q1 25 | 6.6% | 8.0% | ||
| Q4 24 | 8.6% | 6.9% | ||
| Q3 24 | 7.2% | 4.6% | ||
| Q2 24 | 10.0% | 5.6% |
现金转化率NOWOC
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.86× | 0.90× | ||
| Q1 25 | 3.65× | — | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.55× | 2.18× | ||
| Q2 24 | 2.37× | 1.73× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
