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ServiceNow（NOW）与Stryker Corporation（SYK）财务数据对比。点击上方公司名可切换其他公司
Stryker Corporation的季度营收约是ServiceNow的1.9倍（$7.2B vs $3.8B），ServiceNow净利率更高（12.4% vs 11.8%，领先0.6%），Stryker Corporation同比增速更快（11.4% vs 2.8%），Stryker Corporation自由现金流更多（$1.9B vs $1.7B），过去两年ServiceNow的营收复合增速更高（19.8% vs 16.9%）
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。
斯特赖克是一款八轮装甲战车，衍生自加拿大LAV III步兵战车，而后者源自瑞士莫瓦格食人鱼系列装甲车。该型战车由加拿大通用动力陆地系统公司为美国陆军生产，制造工厂位于安大略省伦敦市。它默认采用8×4四轮驱动，可切换为8×8全轮驱动模式。
NOW vs SYK — 直观对比
营收规模更大
SYK
是对方的1.9倍
$3.8B
营收增速更快
SYK
高出8.6%
2.8%
净利率更高
NOW
高出0.6%
11.8%
自由现金流更多
SYK
多$210.0M
$1.7B
两年增速更快
NOW
近两年复合增速
16.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $7.2B |
| 净利润 | $469.0M | $849.0M |
| 毛利率 | 75.1% | 64.5% |
| 营业利润率 | 13.3% | 25.2% |
| 净利率 | 12.4% | 11.8% |
| 营收同比 | 2.8% | 11.4% |
| 净利润同比 | -53.7% | 55.5% |
| 每股收益（稀释后） | $1.04 | $2.20 |
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NOWSYK
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.6B | $7.2B | ||
| Q3 25 | $3.4B | $6.1B | ||
| Q2 25 | $3.2B | $6.0B | ||
| Q1 25 | $3.1B | $5.9B | ||
| Q4 24 | $3.0B | $6.4B | ||
| Q3 24 | $2.8B | $5.5B | ||
| Q2 24 | $2.6B | $5.4B |
净利润NOWSYK
| Q1 26 | $469.0M | — | ||
| Q4 25 | $401.0M | $849.0M | ||
| Q3 25 | $502.0M | $859.0M | ||
| Q2 25 | $385.0M | $884.0M | ||
| Q1 25 | $460.0M | $654.0M | ||
| Q4 24 | $384.0M | $546.0M | ||
| Q3 24 | $432.0M | $834.0M | ||
| Q2 24 | $262.0M | $825.0M |
毛利率NOWSYK
| Q1 26 | 75.1% | — | ||
| Q4 25 | 76.6% | 64.5% | ||
| Q3 25 | 77.3% | 63.6% | ||
| Q2 25 | 77.5% | 63.8% | ||
| Q1 25 | 78.9% | 63.8% | ||
| Q4 24 | 78.7% | 64.9% | ||
| Q3 24 | 79.1% | 64.0% | ||
| Q2 24 | 79.0% | 63.0% |
营业利润率NOWSYK
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | 25.2% | ||
| Q3 25 | 16.8% | 18.7% | ||
| Q2 25 | 11.1% | 18.5% | ||
| Q1 25 | 14.6% | 14.3% | ||
| Q4 24 | 12.6% | 9.0% | ||
| Q3 24 | 14.9% | 19.7% | ||
| Q2 24 | 9.1% | 19.4% |
净利率NOWSYK
| Q1 26 | 12.4% | — | ||
| Q4 25 | 11.2% | 11.8% | ||
| Q3 25 | 14.7% | 14.2% | ||
| Q2 25 | 12.0% | 14.7% | ||
| Q1 25 | 14.9% | 11.1% | ||
| Q4 24 | 13.0% | 8.5% | ||
| Q3 24 | 15.4% | 15.2% | ||
| Q2 24 | 10.0% | 15.2% |
每股收益（稀释后）NOWSYK
| Q1 26 | $1.04 | — | ||
| Q4 25 | $-4.77 | $2.20 | ||
| Q3 25 | $2.40 | $2.22 | ||
| Q2 25 | $1.84 | $2.29 | ||
| Q1 25 | $2.20 | $1.69 | ||
| Q4 24 | $1.84 | $1.41 | ||
| Q3 24 | $2.07 | $2.16 | ||
| Q2 24 | $1.26 | $2.14 |
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 | $4.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.7B | $22.4B |
| 总资产 | $24.4B | $47.8B |
| 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NOWSYK
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | $4.0B | ||
| Q3 25 | $2.7B | $3.3B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $3.4B | $2.3B | ||
| Q4 24 | $2.3B | $3.7B | ||
| Q3 24 | $1.9B | $3.9B | ||
| Q2 24 | $2.2B | $1.9B |
股东权益NOWSYK
| Q1 26 | $11.7B | — | ||
| Q4 25 | $13.0B | $22.4B | ||
| Q3 25 | $11.3B | $21.8B | ||
| Q2 25 | $10.9B | $21.2B | ||
| Q1 25 | $10.1B | $20.9B | ||
| Q4 24 | $9.6B | $20.6B | ||
| Q3 24 | $9.3B | $20.1B | ||
| Q2 24 | $8.7B | $19.8B |
总资产NOWSYK
| Q1 26 | $24.4B | — | ||
| Q4 25 | $26.0B | $47.8B | ||
| Q3 25 | $21.8B | $47.1B | ||
| Q2 25 | $22.1B | $46.3B | ||
| Q1 25 | $21.0B | $46.0B | ||
| Q4 24 | $20.4B | $43.0B | ||
| Q3 24 | $18.4B | $43.8B | ||
| Q2 24 | $18.2B | $39.1B |
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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $1.9B |
| 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 | — | 3.7% |
| 现金转化率经营现金流/净利润 | 3.56× | 2.52× |
| 过去12个月自由现金流最近4个季度 | $4.8B | $4.3B |
8季度趋势，按日历期对齐
经营现金流NOWSYK
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $813.0M | $1.5B | ||
| Q2 25 | $716.0M | $1.1B | ||
| Q1 25 | $1.7B | $250.0M | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $671.0M | $1.5B | ||
| Q2 24 | $620.0M | $633.0M |
自由现金流NOWSYK
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $578.0M | $1.4B | ||
| Q2 25 | $526.0M | $928.0M | ||
| Q1 25 | $1.5B | $127.0M | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $469.0M | $1.3B | ||
| Q2 24 | $358.0M | $481.0M |
自由现金流率NOWSYK
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | 26.1% | ||
| Q3 25 | 17.0% | 22.3% | ||
| Q2 25 | 16.4% | 15.4% | ||
| Q1 25 | 47.7% | 2.2% | ||
| Q4 24 | 46.7% | 25.9% | ||
| Q3 24 | 16.8% | 23.7% | ||
| Q2 24 | 13.6% | 8.9% |
资本支出强度NOWSYK
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 3.7% | ||
| Q3 25 | 6.9% | 3.1% | ||
| Q2 25 | 5.9% | 3.0% | ||
| Q1 25 | 6.6% | 2.1% | ||
| Q4 24 | 8.6% | 4.1% | ||
| Q3 24 | 7.2% | 3.1% | ||
| Q2 24 | 10.0% | 2.8% |
现金转化率NOWSYK
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | 2.52× | ||
| Q3 25 | 1.62× | 1.79× | ||
| Q2 25 | 1.86× | 1.26× | ||
| Q1 25 | 3.65× | 0.38× | ||
| Q4 24 | 4.26× | 3.54× | ||
| Q3 24 | 1.55× | 1.77× | ||
| Q2 24 | 2.37× | 0.77× |
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% |
SYK
| Medical | $1.3B | 18% |
| Endoscopy | $1.1B | 16% |
| Traumaand Extremities | $1.1B | 15% |
| Instruments | $925.0M | 13% |
| Knees | $749.0M | 10% |
| Neuro Cranial | $669.0M | 9% |
| Neurovascular | $539.0M | 8% |
| Hips | $499.0M | 7% |
| Other Orthopaedics | $267.0M | 4% |
| Spine | $8.0M | 0% |
