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ServiceNow（NOW）与凯旋（TFIN）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是凯旋的1.6倍（$3.8B vs $2.4B），ServiceNow净利率更高（12.4% vs 0.3%，领先12.2%），ServiceNow同比增速更快（2.8% vs 2.6%），过去两年凯旋的营收复合增速更高（377.6% 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。
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
NOW vs TFIN — 直观对比
营收规模更大
NOW
是对方的1.6倍
$2.4B
营收增速更快
NOW
高出0.2%
2.6%
净利率更高
NOW
高出12.2%
0.3%
两年增速更快
TFIN
近两年复合增速
19.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $2.4B |
| 净利润 | $469.0M | $6.4M |
| 毛利率 | 75.1% | 86.1% |
| 营业利润率 | 13.3% | — |
| 净利率 | 12.4% | 0.3% |
| 营收同比 | 2.8% | 2.6% |
| 净利润同比 | -53.7% | -66.9% |
| 每股收益（稀释后） | $1.04 | $0.23 |
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NOWTFIN
| Q1 26 | $3.8B | $2.4B | ||
| Q4 25 | $3.6B | $120.1M | ||
| Q3 25 | $3.4B | $109.3M | ||
| Q2 25 | $3.2B | $108.1M | ||
| Q1 25 | $3.1B | $101.6M | ||
| Q4 24 | $3.0B | $103.6M | ||
| Q3 24 | $2.8B | $106.2M | ||
| Q2 24 | $2.6B | $105.1M |
净利润NOWTFIN
| Q1 26 | $469.0M | $6.4M | ||
| Q4 25 | $401.0M | — | ||
| Q3 25 | $502.0M | $1.7M | ||
| Q2 25 | $385.0M | $4.4M | ||
| Q1 25 | $460.0M | $17.0K | ||
| Q4 24 | $384.0M | $3.8M | ||
| Q3 24 | $432.0M | $5.3M | ||
| Q2 24 | $262.0M | $2.7M |
毛利率NOWTFIN
| Q1 26 | 75.1% | 86.1% | ||
| 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NOWTFIN
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 16.8% | 1.2% | ||
| Q2 25 | 11.1% | 7.3% | ||
| Q1 25 | 14.6% | 0.1% | ||
| Q4 24 | 12.6% | 5.6% | ||
| Q3 24 | 14.9% | 5.9% | ||
| Q2 24 | 9.1% | 3.4% |
净利率NOWTFIN
| Q1 26 | 12.4% | 0.3% | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | 14.7% | 1.6% | ||
| Q2 25 | 12.0% | 4.1% | ||
| Q1 25 | 14.9% | 0.0% | ||
| Q4 24 | 13.0% | 3.7% | ||
| Q3 24 | 15.4% | 5.0% | ||
| Q2 24 | 10.0% | 2.6% |
每股收益（稀释后）NOWTFIN
| Q1 26 | $1.04 | $0.23 | ||
| Q4 25 | $-4.77 | — | ||
| Q3 25 | $2.40 | $0.04 | ||
| Q2 25 | $1.84 | $0.15 | ||
| Q1 25 | $2.20 | $-0.03 | ||
| Q4 24 | $1.84 | $0.13 | ||
| Q3 24 | $2.07 | $0.19 | ||
| Q2 24 | $1.26 | $0.08 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.7B | $950.7M |
| 总资产 | $24.4B | $6.9B |
| 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NOWTFIN
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | $248.5M | ||
| Q3 25 | $2.7B | $147.2M | ||
| Q2 25 | $3.1B | $282.3M | ||
| Q1 25 | $3.4B | $502.9M | ||
| Q4 24 | $2.3B | $330.1M | ||
| Q3 24 | $1.9B | $489.3M | ||
| Q2 24 | $2.2B | $500.7M |
股东权益NOWTFIN
| Q1 26 | $11.7B | $950.7M | ||
| Q4 25 | $13.0B | $941.8M | ||
| Q3 25 | $11.3B | $919.3M | ||
| Q2 25 | $10.9B | $912.4M | ||
| Q1 25 | $10.1B | $893.9M | ||
| Q4 24 | $9.6B | $890.9M | ||
| Q3 24 | $9.3B | $885.8M | ||
| Q2 24 | $8.7B | $874.2M |
总资产NOWTFIN
| Q1 26 | $24.4B | $6.9B | ||
| Q4 25 | $26.0B | $6.4B | ||
| Q3 25 | $21.8B | $6.4B | ||
| Q2 25 | $22.1B | $6.5B | ||
| Q1 25 | $21.0B | $6.3B | ||
| Q4 24 | $20.4B | $5.9B | ||
| Q3 24 | $18.4B | $5.9B | ||
| Q2 24 | $18.2B | $5.8B |
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NOWTFIN
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $67.1M | ||
| Q3 25 | $813.0M | $24.4M | ||
| Q2 25 | $716.0M | $9.8M | ||
| Q1 25 | $1.7B | $-3.6M | ||
| Q4 24 | $1.6B | $58.5M | ||
| Q3 24 | $671.0M | $26.6M | ||
| Q2 24 | $620.0M | $21.9M |
自由现金流NOWTFIN
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $578.0M | $22.4M | ||
| Q2 25 | $526.0M | $6.8M | ||
| Q1 25 | $1.5B | $-7.9M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $469.0M | $25.8M | ||
| Q2 24 | $358.0M | $-31.9M |
自由现金流率NOWTFIN
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | — | ||
| Q3 25 | 17.0% | 20.5% | ||
| Q2 25 | 16.4% | 6.2% | ||
| Q1 25 | 47.7% | -7.7% | ||
| Q4 24 | 46.7% | — | ||
| Q3 24 | 16.8% | 24.3% | ||
| Q2 24 | 13.6% | -30.3% |
资本支出强度NOWTFIN
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | — | ||
| Q3 25 | 6.9% | 1.8% | ||
| Q2 25 | 5.9% | 2.8% | ||
| Q1 25 | 6.6% | 4.2% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 7.2% | 0.8% | ||
| Q2 24 | 10.0% | 51.1% |
现金转化率NOWTFIN
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | — | ||
| Q3 25 | 1.62× | 14.29× | ||
| Q2 25 | 1.86× | 2.22× | ||
| Q1 25 | 3.65× | -212.82× | ||
| Q4 24 | 4.26× | 15.25× | ||
| Q3 24 | 1.55× | 4.97× | ||
| Q2 24 | 2.37× | 7.95× |
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% |
TFIN
暂无分部数据
