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ServiceNow（NOW）与希捷科技（STX）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是希捷科技的1.3倍（$3.8B vs $2.8B），希捷科技净利率更高（21.0% vs 12.4%，领先8.6%），希捷科技同比增速更快（30.8% vs 2.8%），过去两年希捷科技的营收复合增速更高（30.7% vs 19.8%）
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。
希捷科技是全球知名的美国数据存储企业，1978年注册成立时名为舒加特科技，1979年正式开展业务，2010年起注册地变更为爱尔兰都柏林，运营总部设在美国加利福尼亚州弗里蒙特，面向全球市场提供专业的数据存储产品与解决方案。
NOW vs STX — 直观对比
营收规模更大
NOW
是对方的1.3倍
$2.8B
营收增速更快
STX
高出28.0%
2.8%
净利率更高
STX
高出8.6%
12.4%
两年增速更快
STX
近两年复合增速
19.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.8B |
| 净利润 | $469.0M | $593.0M |
| 毛利率 | 75.1% | 41.6% |
| 营业利润率 | 13.3% | 29.8% |
| 净利率 | 12.4% | 21.0% |
| 营收同比 | 2.8% | 30.8% |
| 净利润同比 | -53.7% | 74.4% |
| 每股收益（稀释后） | $1.04 | $2.60 |
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NOWSTX
| Q1 26 | $3.8B | $2.8B | ||
| Q4 25 | $3.6B | $2.6B | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.2B | $2.4B | ||
| Q1 25 | $3.1B | $2.2B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $2.8B | $2.2B | ||
| Q2 24 | $2.6B | $1.9B |
净利润NOWSTX
| Q1 26 | $469.0M | $593.0M | ||
| Q4 25 | $401.0M | $549.0M | ||
| Q3 25 | $502.0M | — | ||
| Q2 25 | $385.0M | $488.0M | ||
| Q1 25 | $460.0M | $340.0M | ||
| Q4 24 | $384.0M | $336.0M | ||
| Q3 24 | $432.0M | $305.0M | ||
| Q2 24 | $262.0M | $513.0M |
毛利率NOWSTX
| Q1 26 | 75.1% | 41.6% | ||
| Q4 25 | 76.6% | 39.4% | ||
| Q3 25 | 77.3% | — | ||
| Q2 25 | 77.5% | 37.4% | ||
| Q1 25 | 78.9% | 35.2% | ||
| Q4 24 | 78.7% | 34.9% | ||
| Q3 24 | 79.1% | 32.9% | ||
| Q2 24 | 79.0% | 31.8% |
营业利润率NOWSTX
| Q1 26 | 13.3% | 29.8% | ||
| Q4 25 | 12.4% | 26.4% | ||
| Q3 25 | 16.8% | — | ||
| Q2 25 | 11.1% | 23.2% | ||
| Q1 25 | 14.6% | 20.0% | ||
| Q4 24 | 12.6% | 21.0% | ||
| Q3 24 | 14.9% | 18.6% | ||
| Q2 24 | 9.1% | 16.6% |
净利率NOWSTX
| Q1 26 | 12.4% | 21.0% | ||
| Q4 25 | 11.2% | 20.9% | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 12.0% | 20.0% | ||
| Q1 25 | 14.9% | 15.7% | ||
| Q4 24 | 13.0% | 14.5% | ||
| Q3 24 | 15.4% | 14.1% | ||
| Q2 24 | 10.0% | 27.2% |
每股收益（稀释后）NOWSTX
| Q1 26 | $1.04 | $2.60 | ||
| Q4 25 | $-4.77 | $2.43 | ||
| Q3 25 | $2.40 | — | ||
| Q2 25 | $1.84 | $2.24 | ||
| Q1 25 | $2.20 | $1.57 | ||
| Q4 24 | $1.84 | $1.55 | ||
| Q3 24 | $2.07 | $1.41 | ||
| Q2 24 | $1.26 | $2.43 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.7B | $459.0M |
| 总资产 | $24.4B | $8.7B |
| 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NOWSTX
| Q1 26 | $2.7B | $1.0B | ||
| Q4 25 | $3.7B | $1.1B | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $3.1B | $891.0M | ||
| Q1 25 | $3.4B | $814.0M | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $2.2B | $1.4B |
股东权益NOWSTX
| Q1 26 | $11.7B | $459.0M | ||
| Q4 25 | $13.0B | $-63.0M | ||
| Q3 25 | $11.3B | — | ||
| Q2 25 | $10.9B | $-453.0M | ||
| Q1 25 | $10.1B | $-829.0M | ||
| Q4 24 | $9.6B | $-1.1B | ||
| Q3 24 | $9.3B | $-1.3B | ||
| Q2 24 | $8.7B | $-1.5B |
总资产NOWSTX
| Q1 26 | $24.4B | $8.7B | ||
| Q4 25 | $26.0B | $8.4B | ||
| Q3 25 | $21.8B | — | ||
| Q2 25 | $22.1B | $8.0B | ||
| Q1 25 | $21.0B | $7.6B | ||
| Q4 24 | $20.4B | $8.0B | ||
| Q3 24 | $18.4B | $8.0B | ||
| Q2 24 | $18.2B | $7.7B |
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 | — | — |
| 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NOWSTX
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $532.0M | ||
| Q3 25 | $813.0M | — | ||
| Q2 25 | $716.0M | $508.0M | ||
| Q1 25 | $1.7B | $259.0M | ||
| Q4 24 | $1.6B | $221.0M | ||
| Q3 24 | $671.0M | $95.0M | ||
| Q2 24 | $620.0M | $434.0M |
自由现金流NOWSTX
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $427.0M | ||
| Q3 25 | $578.0M | — | ||
| Q2 25 | $526.0M | $425.0M | ||
| Q1 25 | $1.5B | $216.0M | ||
| Q4 24 | $1.4B | $150.0M | ||
| Q3 24 | $469.0M | $27.0M | ||
| Q2 24 | $358.0M | $380.0M |
自由现金流率NOWSTX
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | 16.2% | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 16.4% | 17.4% | ||
| Q1 25 | 47.7% | 10.0% | ||
| Q4 24 | 46.7% | 6.5% | ||
| Q3 24 | 16.8% | 1.2% | ||
| Q2 24 | 13.6% | 20.1% |
资本支出强度NOWSTX
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 4.0% | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 5.9% | 3.4% | ||
| Q1 25 | 6.6% | 2.0% | ||
| Q4 24 | 8.6% | 3.1% | ||
| Q3 24 | 7.2% | 3.1% | ||
| Q2 24 | 10.0% | 2.9% |
现金转化率NOWSTX
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | 0.97× | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 1.86× | 1.04× | ||
| Q1 25 | 3.65× | 0.76× | ||
| Q4 24 | 4.26× | 0.66× | ||
| Q3 24 | 1.55× | 0.31× | ||
| Q2 24 | 2.37× | 0.85× |
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% |
STX
| OE Ms | $2.3B | 81% |
| Distributors | $335.0M | 12% |
| Retail | $188.0M | 7% |
