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ServiceNow（NOW）与TWILIO INC（TWLO）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TWILIO INC的2.8倍（$3.8B vs $1.4B），ServiceNow净利率更高（12.4% vs -3.4%，领先15.8%），TWILIO INC同比增速更快（14.3% vs 2.8%），过去两年ServiceNow的营收复合增速更高（19.8% vs 14.2%）
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。
Twilio是总部位于美国加利福尼亚州旧金山的云通信企业，提供可编程通信工具，用户可通过其网页服务API实现拨打接听电话、收发短信等多种通信功能，方便企业灵活搭建适配自身需求的通信解决方案，降低相关技术的自研投入。
NOW vs TWLO — 直观对比
营收规模更大
NOW
是对方的2.8倍
$1.4B
营收增速更快
TWLO
高出11.5%
2.8%
净利率更高
NOW
高出15.8%
-3.4%
两年增速更快
NOW
近两年复合增速
14.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $1.4B |
| 净利润 | $469.0M | $-45.9M |
| 毛利率 | 75.1% | 48.5% |
| 营业利润率 | 13.3% | 4.2% |
| 净利率 | 12.4% | -3.4% |
| 营收同比 | 2.8% | 14.3% |
| 净利润同比 | -53.7% | -267.7% |
| 每股收益（稀释后） | $1.04 | $-0.28 |
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NOWTWLO
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.6B | $1.4B | ||
| Q3 25 | $3.4B | $1.3B | ||
| Q2 25 | $3.2B | $1.2B | ||
| Q1 25 | $3.1B | $1.2B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.8B | $1.1B | ||
| Q2 24 | $2.6B | $1.1B |
净利润NOWTWLO
| Q1 26 | $469.0M | — | ||
| Q4 25 | $401.0M | $-45.9M | ||
| Q3 25 | $502.0M | $37.2M | ||
| Q2 25 | $385.0M | $22.4M | ||
| Q1 25 | $460.0M | $20.0M | ||
| Q4 24 | $384.0M | $-12.5M | ||
| Q3 24 | $432.0M | $-9.7M | ||
| Q2 24 | $262.0M | $-31.9M |
毛利率NOWTWLO
| Q1 26 | 75.1% | — | ||
| Q4 25 | 76.6% | 48.5% | ||
| Q3 25 | 77.3% | 48.6% | ||
| Q2 25 | 77.5% | 49.1% | ||
| Q1 25 | 78.9% | 49.6% | ||
| Q4 24 | 78.7% | 50.2% | ||
| Q3 24 | 79.1% | 51.0% | ||
| Q2 24 | 79.0% | 51.3% |
营业利润率NOWTWLO
| Q1 26 | 13.3% | — | ||
| Q4 25 | 12.4% | 4.2% | ||
| Q3 25 | 16.8% | 3.1% | ||
| Q2 25 | 11.1% | 3.0% | ||
| Q1 25 | 14.6% | 2.0% | ||
| Q4 24 | 12.6% | 1.1% | ||
| Q3 24 | 14.9% | -0.4% | ||
| Q2 24 | 9.1% | -1.8% |
净利率NOWTWLO
| Q1 26 | 12.4% | — | ||
| Q4 25 | 11.2% | -3.4% | ||
| Q3 25 | 14.7% | 2.9% | ||
| Q2 25 | 12.0% | 1.8% | ||
| Q1 25 | 14.9% | 1.7% | ||
| Q4 24 | 13.0% | -1.0% | ||
| Q3 24 | 15.4% | -0.9% | ||
| Q2 24 | 10.0% | -2.9% |
每股收益（稀释后）NOWTWLO
| Q1 26 | $1.04 | — | ||
| Q4 25 | $-4.77 | $-0.28 | ||
| Q3 25 | $2.40 | $0.23 | ||
| Q2 25 | $1.84 | $0.14 | ||
| Q1 25 | $2.20 | $0.12 | ||
| Q4 24 | $1.84 | $-0.10 | ||
| Q3 24 | $2.07 | $-0.06 | ||
| Q2 24 | $1.26 | $-0.19 |
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 | $682.3M |
| 总债务越低越好 | — | $992.3M |
| 股东权益账面价值 | $11.7B | $7.8B |
| 总资产 | $24.4B | $9.8B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资NOWTWLO
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.7B | $682.3M | ||
| Q3 25 | $2.7B | $734.8M | ||
| Q2 25 | $3.1B | $969.2M | ||
| Q1 25 | $3.4B | $467.1M | ||
| Q4 24 | $2.3B | $421.3M | ||
| Q3 24 | $1.9B | $584.0M | ||
| Q2 24 | $2.2B | $755.1M |
总债务NOWTWLO
| Q1 26 | — | — | ||
| Q4 25 | — | $992.3M | ||
| Q3 25 | — | $991.9M | ||
| Q2 25 | — | $991.4M | ||
| Q1 25 | — | $991.0M | ||
| Q4 24 | — | $990.6M | ||
| Q3 24 | — | $990.2M | ||
| Q2 24 | — | $989.8M |
股东权益NOWTWLO
| Q1 26 | $11.7B | — | ||
| Q4 25 | $13.0B | $7.8B | ||
| Q3 25 | $11.3B | $7.9B | ||
| Q2 25 | $10.9B | $8.0B | ||
| Q1 25 | $10.1B | $8.0B | ||
| Q4 24 | $9.6B | $8.0B | ||
| Q3 24 | $9.3B | $8.2B | ||
| Q2 24 | $8.7B | $8.7B |
总资产NOWTWLO
| Q1 26 | $24.4B | — | ||
| Q4 25 | $26.0B | $9.8B | ||
| Q3 25 | $21.8B | $9.7B | ||
| Q2 25 | $22.1B | $9.8B | ||
| Q1 25 | $21.0B | $9.8B | ||
| Q4 24 | $20.4B | $9.9B | ||
| Q3 24 | $18.4B | $10.0B | ||
| Q2 24 | $18.2B | $10.5B |
负债/权益比NOWTWLO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.11× |
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 | $271.6M |
| 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NOWTWLO
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.2B | $271.6M | ||
| Q3 25 | $813.0M | $263.6M | ||
| Q2 25 | $716.0M | $277.1M | ||
| Q1 25 | $1.7B | $191.0M | ||
| Q4 24 | $1.6B | $108.4M | ||
| Q3 24 | $671.0M | $204.3M | ||
| Q2 24 | $620.0M | $213.3M |
自由现金流NOWTWLO
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $578.0M | — | ||
| Q2 25 | $526.0M | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $469.0M | — | ||
| Q2 24 | $358.0M | — |
自由现金流率NOWTWLO
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 46.7% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | 13.6% | — |
资本支出强度NOWTWLO
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 10.0% | — |
现金转化率NOWTWLO
| Q1 26 | 3.56× | — | ||
| Q4 25 | 5.58× | — | ||
| Q3 25 | 1.62× | 7.08× | ||
| Q2 25 | 1.86× | 12.36× | ||
| Q1 25 | 3.65× | 9.54× | ||
| 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 | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
TWLO
| US | $879.8M | 64% |
| Non Us | $486.1M | 36% |
