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ServiceNow（NOW）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
史密斯菲尔德食品的季度营收约是ServiceNow的1.0倍（$3.8B vs $3.8B），ServiceNow净利率更高（12.4% vs 6.6%，领先5.9%），ServiceNow同比增速更快（2.8% vs 0.8%），过去两年ServiceNow的营收复合增速更高（19.8% vs 6.8%）
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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
NOW vs SFD — 直观对比
营收规模更大
SFD
是对方的1.0倍
$3.8B
营收增速更快
NOW
高出2.0%
0.8%
净利率更高
NOW
高出5.9%
6.6%
两年增速更快
NOW
近两年复合增速
6.8%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.8B |
| 净利润 | $469.0M | $249.0M |
| 毛利率 | 75.1% | 13.4% |
| 营业利润率 | 13.3% | 8.8% |
| 净利率 | 12.4% | 6.6% |
| 营收同比 | 2.8% | 0.8% |
| 净利润同比 | -53.7% | 9.8% |
| 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NOWSFD
| Q1 26 | $3.8B | $3.8B | ||
| Q4 25 | $3.6B | $4.2B | ||
| Q3 25 | $3.4B | $3.7B | ||
| Q2 25 | $3.2B | $3.8B | ||
| Q1 25 | $3.1B | $3.8B | ||
| Q4 24 | $3.0B | $4.0B | ||
| Q3 24 | $2.8B | $3.3B | ||
| Q2 24 | $2.6B | — |
净利润NOWSFD
| Q1 26 | $469.0M | $249.0M | ||
| Q4 25 | $401.0M | $327.0M | ||
| Q3 25 | $502.0M | $248.0M | ||
| Q2 25 | $385.0M | $188.0M | ||
| Q1 25 | $460.0M | $224.0M | ||
| Q4 24 | $384.0M | $205.0M | ||
| Q3 24 | $432.0M | $291.0M | ||
| Q2 24 | $262.0M | — |
毛利率NOWSFD
| Q1 26 | 75.1% | 13.4% | ||
| Q4 25 | 76.6% | 14.2% | ||
| Q3 25 | 77.3% | 12.8% | ||
| Q2 25 | 77.5% | 13.2% | ||
| Q1 25 | 78.9% | 13.5% | ||
| Q4 24 | 78.7% | 13.5% | ||
| Q3 24 | 79.1% | 14.3% | ||
| Q2 24 | 79.0% | — |
营业利润率NOWSFD
| Q1 26 | 13.3% | 8.8% | ||
| Q4 25 | 12.4% | 9.5% | ||
| Q3 25 | 16.8% | 8.3% | ||
| Q2 25 | 11.1% | 6.9% | ||
| Q1 25 | 14.6% | 8.5% | ||
| Q4 24 | 12.6% | 8.5% | ||
| Q3 24 | 14.9% | 8.5% | ||
| Q2 24 | 9.1% | — |
净利率NOWSFD
| Q1 26 | 12.4% | 6.6% | ||
| Q4 25 | 11.2% | 7.7% | ||
| Q3 25 | 14.7% | 6.6% | ||
| Q2 25 | 12.0% | 5.0% | ||
| Q1 25 | 14.9% | 5.9% | ||
| Q4 24 | 13.0% | 5.2% | ||
| Q3 24 | 15.4% | 8.7% | ||
| Q2 24 | 10.0% | — |
每股收益（稀释后）NOWSFD
| Q1 26 | $1.04 | — | ||
| Q4 25 | $-4.77 | $0.83 | ||
| Q3 25 | $2.40 | $0.63 | ||
| Q2 25 | $1.84 | $0.48 | ||
| Q1 25 | $2.20 | $0.57 | ||
| Q4 24 | $1.84 | $0.54 | ||
| Q3 24 | $2.07 | $0.77 | ||
| 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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.7B | $6.9B |
| 总资产 | $24.4B | $12.0B |
| 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NOWSFD
| Q1 26 | $2.7B | $1.4B | ||
| 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NOWSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NOWSFD
| Q1 26 | $11.7B | $6.9B | ||
| Q4 25 | $13.0B | $6.8B | ||
| Q3 25 | $11.3B | $6.5B | ||
| Q2 25 | $10.9B | $6.3B | ||
| Q1 25 | $10.1B | $6.2B | ||
| Q4 24 | $9.6B | $5.8B | ||
| Q3 24 | $9.3B | — | ||
| Q2 24 | $8.7B | — |
总资产NOWSFD
| Q1 26 | $24.4B | $12.0B | ||
| Q4 25 | $26.0B | $12.2B | ||
| Q3 25 | $21.8B | $11.5B | ||
| Q2 25 | $22.1B | $11.2B | ||
| Q1 25 | $21.0B | $11.1B | ||
| Q4 24 | $20.4B | $11.1B | ||
| Q3 24 | $18.4B | — | ||
| Q2 24 | $18.2B | — |
负债/权益比NOWSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| 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 | — | 2.3% |
| 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NOWSFD
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $938.0M | ||
| Q3 25 | $813.0M | $13.0M | ||
| Q2 25 | $716.0M | $274.0M | ||
| Q1 25 | $1.7B | $-166.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $671.0M | — | ||
| Q2 24 | $620.0M | — |
自由现金流NOWSFD
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $842.0M | ||
| Q3 25 | $578.0M | $-75.0M | ||
| Q2 25 | $526.0M | $196.0M | ||
| Q1 25 | $1.5B | $-245.0M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $469.0M | — | ||
| Q2 24 | $358.0M | — |
自由现金流率NOWSFD
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | 19.9% | ||
| Q3 25 | 17.0% | -2.0% | ||
| Q2 25 | 16.4% | 5.2% | ||
| Q1 25 | 47.7% | -6.5% | ||
| Q4 24 | 46.7% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | 13.6% | — |
资本支出强度NOWSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 6.7% | 2.3% | ||
| Q3 25 | 6.9% | 2.3% | ||
| Q2 25 | 5.9% | 2.1% | ||
| Q1 25 | 6.6% | 2.1% | ||
| Q4 24 | 8.6% | 2.1% | ||
| Q3 24 | 7.2% | 2.8% | ||
| Q2 24 | 10.0% | — |
现金转化率NOWSFD
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | 2.87× | ||
| Q3 25 | 1.62× | 0.05× | ||
| Q2 25 | 1.86× | 1.46× | ||
| Q1 25 | 3.65× | -0.74× | ||
| Q4 24 | 4.26× | — | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 2.37× | — |
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 | $99.0M | 3% |
SFD
| Packaged Meats | $2.1B | 57% |
| Other | $863.0M | 23% |
| Hog Production | $769.0M | 20% |
| inter-segment sales eliminations | $19.0M | 1% |
