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ServiceNow（NOW）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是史丹利百得的1.0倍（$3.8B vs $3.8B），ServiceNow净利率更高（12.4% vs 1.4%，领先11.1%），ServiceNow同比增速更快（2.8% vs 0.1%），ServiceNow自由现金流更多（$1.7B vs $155.3M），过去两年ServiceNow的营收复合增速更高（19.8% vs 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
NOW vs SWK — 直观对比
营收规模更大
NOW
是对方的1.0倍
$3.8B
营收增速更快
NOW
高出2.7%
0.1%
净利率更高
NOW
高出11.1%
1.4%
自由现金流更多
NOW
多$1.5B
$155.3M
两年增速更快
NOW
近两年复合增速
0.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $3.8B |
| 净利润 | $469.0M | $51.4M |
| 毛利率 | 75.1% | 31.4% |
| 营业利润率 | 13.3% | — |
| 净利率 | 12.4% | 1.4% |
| 营收同比 | 2.8% | 0.1% |
| 净利润同比 | -53.7% | -43.6% |
| 每股收益（稀释后） | $1.04 | $0.34 |
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NOWSWK
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.4B | $3.8B | ||
| Q2 25 | $3.2B | $3.9B | ||
| Q1 25 | $3.1B | $3.7B | ||
| Q4 24 | $3.0B | $3.7B | ||
| Q3 24 | $2.8B | $3.8B | ||
| Q2 24 | $2.6B | $4.0B |
净利润NOWSWK
| Q1 26 | $469.0M | — | ||
| Q4 25 | $401.0M | — | ||
| Q3 25 | $502.0M | $51.4M | ||
| Q2 25 | $385.0M | $101.9M | ||
| Q1 25 | $460.0M | $90.4M | ||
| Q4 24 | $384.0M | $194.9M | ||
| Q3 24 | $432.0M | $91.1M | ||
| Q2 24 | $262.0M | $-11.2M |
毛利率NOWSWK
| Q1 26 | 75.1% | — | ||
| Q4 25 | 76.6% | — | ||
| Q3 25 | 77.3% | 31.4% | ||
| Q2 25 | 77.5% | 27.0% | ||
| Q1 25 | 78.9% | 29.9% | ||
| Q4 24 | 78.7% | 30.8% | ||
| Q3 24 | 79.1% | 29.9% | ||
| Q2 24 | 79.0% | 28.4% |
营业利润率NOWSWK
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 16.8% | — | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | 12.6% | 3.4% | ||
| Q3 24 | 14.9% | 10.6% | ||
| Q2 24 | 9.1% | 9.5% |
净利率NOWSWK
| Q1 26 | 12.4% | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | 14.7% | 1.4% | ||
| Q2 25 | 12.0% | 2.6% | ||
| Q1 25 | 14.9% | 2.4% | ||
| Q4 24 | 13.0% | 5.2% | ||
| Q3 24 | 15.4% | 2.4% | ||
| Q2 24 | 10.0% | -0.3% |
每股收益（稀释后）NOWSWK
| Q1 26 | $1.04 | — | ||
| Q4 25 | $-4.77 | — | ||
| Q3 25 | $2.40 | $0.34 | ||
| Q2 25 | $1.84 | $0.67 | ||
| Q1 25 | $2.20 | $0.60 | ||
| Q4 24 | $1.84 | $1.29 | ||
| Q3 24 | $2.07 | $0.60 | ||
| Q2 24 | $1.26 | $-0.07 |
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 | $268.3M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $11.7B | $9.0B |
| 总资产 | $24.4B | $21.8B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资NOWSWK
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $2.7B | $268.3M | ||
| Q2 25 | $3.1B | $311.8M | ||
| Q1 25 | $3.4B | $344.8M | ||
| Q4 24 | $2.3B | $290.5M | ||
| Q3 24 | $1.9B | $298.7M | ||
| Q2 24 | $2.2B | $318.5M |
总债务NOWSWK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B |
股东权益NOWSWK
| Q1 26 | $11.7B | — | ||
| Q4 25 | $13.0B | — | ||
| Q3 25 | $11.3B | $9.0B | ||
| Q2 25 | $10.9B | $9.1B | ||
| Q1 25 | $10.1B | $8.8B | ||
| Q4 24 | $9.6B | $8.7B | ||
| Q3 24 | $9.3B | $8.9B | ||
| Q2 24 | $8.7B | $8.7B |
总资产NOWSWK
| Q1 26 | $24.4B | — | ||
| Q4 25 | $26.0B | — | ||
| Q3 25 | $21.8B | $21.8B | ||
| Q2 25 | $22.1B | $22.5B | ||
| Q1 25 | $21.0B | $22.5B | ||
| Q4 24 | $20.4B | $21.8B | ||
| Q3 24 | $18.4B | $22.5B | ||
| Q2 24 | $18.2B | $22.5B |
负债/权益比NOWSWK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $155.3M |
| 自由现金流率自由现金流/营收 | 44.2% | 4.1% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | 3.56× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $4.8B | $369.6M |
8季度趋势，按日历期对齐
经营现金流NOWSWK
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $813.0M | $221.2M | ||
| Q2 25 | $716.0M | $214.3M | ||
| Q1 25 | $1.7B | $-420.0M | ||
| Q4 24 | $1.6B | $679.1M | ||
| Q3 24 | $671.0M | $285.8M | ||
| Q2 24 | $620.0M | $573.0M |
自由现金流NOWSWK
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $578.0M | $155.3M | ||
| Q2 25 | $526.0M | $134.7M | ||
| Q1 25 | $1.5B | $-485.0M | ||
| Q4 24 | $1.4B | $564.6M | ||
| Q3 24 | $469.0M | $199.3M | ||
| Q2 24 | $358.0M | $485.8M |
自由现金流率NOWSWK
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | — | ||
| Q3 25 | 17.0% | 4.1% | ||
| Q2 25 | 16.4% | 3.4% | ||
| Q1 25 | 47.7% | -13.0% | ||
| Q4 24 | 46.7% | 15.2% | ||
| Q3 24 | 16.8% | 5.3% | ||
| Q2 24 | 13.6% | 12.1% |
资本支出强度NOWSWK
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | — | ||
| Q3 25 | 6.9% | 1.8% | ||
| Q2 25 | 5.9% | 2.0% | ||
| Q1 25 | 6.6% | 1.7% | ||
| Q4 24 | 8.6% | 3.1% | ||
| Q3 24 | 7.2% | 2.3% | ||
| Q2 24 | 10.0% | 2.2% |
现金转化率NOWSWK
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | — | ||
| Q3 25 | 1.62× | 4.30× | ||
| Q2 25 | 1.86× | 2.10× | ||
| Q1 25 | 3.65× | -4.65× | ||
| Q4 24 | 4.26× | 3.48× | ||
| Q3 24 | 1.55× | 3.14× | ||
| 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 | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
