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ServiceNow（NOW）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是豪士科的1.4倍（$3.8B vs $2.7B），ServiceNow净利率更高（12.4% vs 5.0%，领先7.5%），豪士科同比增速更快（3.5% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $540.3M），过去两年ServiceNow的营收复合增速更高（19.8% vs 2.8%）
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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
NOW vs OSK — 直观对比
营收规模更大
NOW
是对方的1.4倍
$2.7B
营收增速更快
OSK
高出0.7%
2.8%
净利率更高
NOW
高出7.5%
5.0%
自由现金流更多
NOW
多$1.1B
$540.3M
两年增速更快
NOW
近两年复合增速
2.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.7B |
| 净利润 | $469.0M | $133.8M |
| 毛利率 | 75.1% | 15.8% |
| 营业利润率 | 13.3% | 7.9% |
| 净利率 | 12.4% | 5.0% |
| 营收同比 | 2.8% | 3.5% |
| 净利润同比 | -53.7% | -12.6% |
| 每股收益（稀释后） | $1.04 | — |
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NOWOSK
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.6B | $2.7B | ||
| Q3 25 | $3.4B | $2.7B | ||
| Q2 25 | $3.2B | $2.7B | ||
| Q1 25 | $3.1B | $2.3B | ||
| Q4 24 | $3.0B | $2.6B | ||
| Q3 24 | $2.8B | $2.7B | ||
| Q2 24 | $2.6B | $2.8B |
净利润NOWOSK
| Q1 26 | $469.0M | — | ||
| Q4 25 | $401.0M | $133.8M | ||
| Q3 25 | $502.0M | $196.2M | ||
| Q2 25 | $385.0M | $204.8M | ||
| Q1 25 | $460.0M | $112.2M | ||
| Q4 24 | $384.0M | $153.1M | ||
| Q3 24 | $432.0M | $180.3M | ||
| Q2 24 | $262.0M | $168.6M |
毛利率NOWOSK
| Q1 26 | 75.1% | — | ||
| Q4 25 | 76.6% | 15.8% | ||
| Q3 25 | 77.3% | 17.5% | ||
| Q2 25 | 77.5% | 19.2% | ||
| Q1 25 | 78.9% | 17.3% | ||
| Q4 24 | 78.7% | 17.2% | ||
| Q3 24 | 79.1% | 18.5% | ||
| Q2 24 | 79.0% | 19.2% |
营业利润率NOWOSK
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | 7.9% | ||
| Q3 25 | 16.8% | 9.7% | ||
| Q2 25 | 11.1% | 10.7% | ||
| Q1 25 | 14.6% | 7.6% | ||
| Q4 24 | 12.6% | 8.6% | ||
| Q3 24 | 14.9% | 9.7% | ||
| Q2 24 | 9.1% | 9.2% |
净利率NOWOSK
| Q1 26 | 12.4% | — | ||
| Q4 25 | 11.2% | 5.0% | ||
| Q3 25 | 14.7% | 7.3% | ||
| Q2 25 | 12.0% | 7.5% | ||
| Q1 25 | 14.9% | 4.9% | ||
| Q4 24 | 13.0% | 5.9% | ||
| Q3 24 | 15.4% | 6.6% | ||
| Q2 24 | 10.0% | 5.9% |
每股收益（稀释后）NOWOSK
| Q1 26 | $1.04 | — | ||
| Q4 25 | $-4.77 | — | ||
| Q3 25 | $2.40 | — | ||
| Q2 25 | $1.84 | — | ||
| Q1 25 | $2.20 | — | ||
| Q4 24 | $1.84 | — | ||
| Q3 24 | $2.07 | — | ||
| Q2 24 | $1.26 | — |
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 | $479.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.7B | $4.5B |
| 总资产 | $24.4B | $10.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NOWOSK
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | $479.8M | ||
| Q3 25 | $2.7B | $211.8M | ||
| Q2 25 | $3.1B | $191.7M | ||
| Q1 25 | $3.4B | $210.3M | ||
| Q4 24 | $2.3B | $204.9M | ||
| Q3 24 | $1.9B | $160.9M | ||
| Q2 24 | $2.2B | $141.4M |
总债务NOWOSK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $602.3M | ||
| Q2 24 | — | $599.1M |
股东权益NOWOSK
| Q1 26 | $11.7B | — | ||
| Q4 25 | $13.0B | $4.5B | ||
| Q3 25 | $11.3B | $4.5B | ||
| Q2 25 | $10.9B | $4.5B | ||
| Q1 25 | $10.1B | $4.2B | ||
| Q4 24 | $9.6B | $4.2B | ||
| Q3 24 | $9.3B | $4.1B | ||
| Q2 24 | $8.7B | $3.9B |
总资产NOWOSK
| Q1 26 | $24.4B | — | ||
| Q4 25 | $26.0B | $10.1B | ||
| Q3 25 | $21.8B | $9.8B | ||
| Q2 25 | $22.1B | $10.0B | ||
| Q1 25 | $21.0B | $9.8B | ||
| Q4 24 | $20.4B | $9.4B | ||
| Q3 24 | $18.4B | $9.9B | ||
| Q2 24 | $18.2B | $9.7B |
负债/权益比NOWOSK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× |
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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $540.3M |
| 自由现金流率自由现金流/营收 | 44.2% | 20.1% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 3.56× | 4.49× |
| 过去12个月自由现金流最近4个季度 | $4.8B | $618.0M |
8季度趋势，按日历期对齐
经营现金流NOWOSK
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $600.1M | ||
| Q3 25 | $813.0M | $489.0M | ||
| Q2 25 | $716.0M | $89.2M | ||
| Q1 25 | $1.7B | $-394.9M | ||
| Q4 24 | $1.6B | $790.8M | ||
| Q3 24 | $671.0M | $326.1M | ||
| Q2 24 | $620.0M | $-211.0M |
自由现金流NOWOSK
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $540.3M | ||
| Q3 25 | $578.0M | $464.3M | ||
| Q2 25 | $526.0M | $48.6M | ||
| Q1 25 | $1.5B | $-435.2M | ||
| Q4 24 | $1.4B | $703.3M | ||
| Q3 24 | $469.0M | $272.2M | ||
| Q2 24 | $358.0M | $-250.5M |
自由现金流率NOWOSK
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | 20.1% | ||
| Q3 25 | 17.0% | 17.3% | ||
| Q2 25 | 16.4% | 1.8% | ||
| Q1 25 | 47.7% | -18.8% | ||
| Q4 24 | 46.7% | 27.1% | ||
| Q3 24 | 16.8% | 9.9% | ||
| Q2 24 | 13.6% | -8.8% |
资本支出强度NOWOSK
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 2.2% | ||
| Q3 25 | 6.9% | 0.9% | ||
| Q2 25 | 5.9% | 1.5% | ||
| Q1 25 | 6.6% | 1.7% | ||
| Q4 24 | 8.6% | 3.4% | ||
| Q3 24 | 7.2% | 2.0% | ||
| Q2 24 | 10.0% | 1.4% |
现金转化率NOWOSK
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | 4.49× | ||
| Q3 25 | 1.62× | 2.49× | ||
| Q2 25 | 1.86× | 0.44× | ||
| Q1 25 | 3.65× | -3.52× | ||
| Q4 24 | 4.26× | 5.17× | ||
| Q3 24 | 1.55× | 1.81× | ||
| Q2 24 | 2.37× | -1.25× |
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% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
