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ServiceNow（NOW）与PPL Corporation（PPL）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PPL Corporation的1.6倍（$3.8B vs $2.3B），ServiceNow净利率更高（12.4% vs 11.3%，领先1.1%），PPL Corporation同比增速更快（7.2% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $-614.0M），过去两年ServiceNow的营收复合增速更高（19.8% vs 1.0%）
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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
NOW vs PPL — 直观对比
营收规模更大
NOW
是对方的1.6倍
$2.3B
营收增速更快
PPL
高出4.4%
2.8%
净利率更高
NOW
高出1.1%
11.3%
自由现金流更多
NOW
多$2.3B
$-614.0M
两年增速更快
NOW
近两年复合增速
1.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.3B |
| 净利润 | $469.0M | $266.0M |
| 毛利率 | 75.1% | — |
| 营业利润率 | 13.3% | 20.3% |
| 净利率 | 12.4% | 11.3% |
| 营收同比 | 2.8% | 7.2% |
| 净利润同比 | -53.7% | 50.3% |
| 每股收益（稀释后） | $1.04 | $0.35 |
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NOWPPL
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.6B | $2.3B | ||
| Q3 25 | $3.4B | $2.2B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $3.1B | $2.5B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $2.8B | $2.1B | ||
| Q2 24 | $2.6B | $1.9B |
净利润NOWPPL
| Q1 26 | $469.0M | — | ||
| Q4 25 | $401.0M | $266.0M | ||
| Q3 25 | $502.0M | $318.0M | ||
| Q2 25 | $385.0M | $183.0M | ||
| Q1 25 | $460.0M | $414.0M | ||
| Q4 24 | $384.0M | $177.0M | ||
| Q3 24 | $432.0M | $214.0M | ||
| Q2 24 | $262.0M | $190.0M |
毛利率NOWPPL
| 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NOWPPL
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | 20.3% | ||
| Q3 25 | 16.8% | 25.4% | ||
| Q2 25 | 11.1% | 19.9% | ||
| Q1 25 | 14.6% | 26.6% | ||
| Q4 24 | 12.6% | 17.2% | ||
| Q3 24 | 14.9% | 20.6% | ||
| Q2 24 | 9.1% | 20.8% |
净利率NOWPPL
| Q1 26 | 12.4% | — | ||
| Q4 25 | 11.2% | 11.3% | ||
| Q3 25 | 14.7% | 14.2% | ||
| Q2 25 | 12.0% | 9.0% | ||
| Q1 25 | 14.9% | 16.3% | ||
| Q4 24 | 13.0% | 8.1% | ||
| Q3 24 | 15.4% | 10.3% | ||
| Q2 24 | 10.0% | 10.1% |
每股收益（稀释后）NOWPPL
| Q1 26 | $1.04 | — | ||
| Q4 25 | $-4.77 | $0.35 | ||
| Q3 25 | $2.40 | $0.43 | ||
| Q2 25 | $1.84 | $0.25 | ||
| Q1 25 | $2.20 | $0.56 | ||
| Q4 24 | $1.84 | $0.23 | ||
| Q3 24 | $2.07 | $0.29 | ||
| Q2 24 | $1.26 | $0.26 |
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 | $1.1B |
| 总债务越低越好 | — | $18.9B |
| 股东权益账面价值 | $11.7B | $14.9B |
| 总资产 | $24.4B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资NOWPPL
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | $1.1B | ||
| Q3 25 | $2.7B | $1.1B | ||
| Q2 25 | $3.1B | $294.0M | ||
| Q1 25 | $3.4B | $312.0M | ||
| Q4 24 | $2.3B | $306.0M | ||
| Q3 24 | $1.9B | $542.0M | ||
| Q2 24 | $2.2B | $282.0M |
总债务NOWPPL
| Q1 26 | — | — | ||
| Q4 25 | — | $18.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NOWPPL
| Q1 26 | $11.7B | — | ||
| Q4 25 | $13.0B | $14.9B | ||
| Q3 25 | $11.3B | $14.4B | ||
| Q2 25 | $10.9B | $14.3B | ||
| Q1 25 | $10.1B | $14.3B | ||
| Q4 24 | $9.6B | $14.1B | ||
| Q3 24 | $9.3B | $14.1B | ||
| Q2 24 | $8.7B | $14.1B |
总资产NOWPPL
| Q1 26 | $24.4B | — | ||
| Q4 25 | $26.0B | $45.2B | ||
| Q3 25 | $21.8B | $43.9B | ||
| Q2 25 | $22.1B | $42.4B | ||
| Q1 25 | $21.0B | $41.8B | ||
| Q4 24 | $20.4B | $41.1B | ||
| Q3 24 | $18.4B | $40.5B | ||
| Q2 24 | $18.2B | $39.8B |
负债/权益比NOWPPL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $-614.0M |
| 自由现金流率自由现金流/营收 | 44.2% | -26.1% |
| 资本支出强度资本支出/营收 | — | 49.5% |
| 现金转化率经营现金流/净利润 | 3.56× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $4.8B | $-1.4B |
8季度趋势，按日历期对齐
经营现金流NOWPPL
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $548.0M | ||
| Q3 25 | $813.0M | $966.0M | ||
| Q2 25 | $716.0M | $602.0M | ||
| Q1 25 | $1.7B | $513.0M | ||
| Q4 24 | $1.6B | $511.0M | ||
| Q3 24 | $671.0M | $781.0M | ||
| Q2 24 | $620.0M | $766.0M |
自由现金流NOWPPL
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $-614.0M | ||
| Q3 25 | $578.0M | $-179.0M | ||
| Q2 25 | $526.0M | $-328.0M | ||
| Q1 25 | $1.5B | $-280.0M | ||
| Q4 24 | $1.4B | $-349.0M | ||
| Q3 24 | $469.0M | $102.0M | ||
| Q2 24 | $358.0M | $96.0M |
自由现金流率NOWPPL
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | -26.1% | ||
| Q3 25 | 17.0% | -8.0% | ||
| Q2 25 | 16.4% | -16.1% | ||
| Q1 25 | 47.7% | -11.0% | ||
| Q4 24 | 46.7% | -15.9% | ||
| Q3 24 | 16.8% | 4.9% | ||
| Q2 24 | 13.6% | 5.1% |
资本支出强度NOWPPL
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 49.5% | ||
| Q3 25 | 6.9% | 51.2% | ||
| Q2 25 | 5.9% | 45.6% | ||
| Q1 25 | 6.6% | 31.2% | ||
| Q4 24 | 8.6% | 39.3% | ||
| Q3 24 | 7.2% | 32.7% | ||
| Q2 24 | 10.0% | 35.8% |
现金转化率NOWPPL
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | 2.06× | ||
| Q3 25 | 1.62× | 3.04× | ||
| Q2 25 | 1.86× | 3.29× | ||
| Q1 25 | 3.65× | 1.24× | ||
| Q4 24 | 4.26× | 2.89× | ||
| Q3 24 | 1.55× | 3.65× | ||
| Q2 24 | 2.37× | 4.03× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
