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ServiceNow（NOW）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是ServiceNow的1.1倍（$4.0B vs $3.8B），United Rentals净利率更高（13.3% vs 12.4%，领先0.9%），United Rentals同比增速更快（7.2% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $1.1B），过去两年United Rentals的营收复合增速更高（114.0% 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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
NOW vs URI — 直观对比
营收规模更大
URI
是对方的1.1倍
$3.8B
营收增速更快
URI
高出4.4%
2.8%
净利率更高
URI
高出0.9%
12.4%
自由现金流更多
NOW
多$611.0M
$1.1B
两年增速更快
URI
近两年复合增速
19.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.0B |
| 净利润 | $469.0M | $531.0M |
| 毛利率 | 75.1% | 36.9% |
| 营业利润率 | 13.3% | 21.8% |
| 净利率 | 12.4% | 13.3% |
| 营收同比 | 2.8% | 7.2% |
| 净利润同比 | -53.7% | — |
| 每股收益（稀释后） | $1.04 | $8.43 |
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NOWURI
| Q1 26 | $3.8B | $4.0B | ||
| Q4 25 | $3.6B | $992.0M | ||
| Q3 25 | $3.4B | $938.0M | ||
| Q2 25 | $3.2B | $872.0M | ||
| Q1 25 | $3.1B | $893.0M | ||
| Q4 24 | $3.0B | $1.0B | ||
| Q3 24 | $2.8B | $874.0M | ||
| Q2 24 | $2.6B | $870.0M |
净利润NOWURI
| Q1 26 | $469.0M | $531.0M | ||
| Q4 25 | $401.0M | $653.0M | ||
| Q3 25 | $502.0M | $701.0M | ||
| Q2 25 | $385.0M | $622.0M | ||
| Q1 25 | $460.0M | $518.0M | ||
| Q4 24 | $384.0M | $689.0M | ||
| Q3 24 | $432.0M | $708.0M | ||
| Q2 24 | $262.0M | $636.0M |
毛利率NOWURI
| Q1 26 | 75.1% | 36.9% | ||
| 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NOWURI
| Q1 26 | 13.3% | 21.8% | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 16.8% | — | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 14.6% | 90.0% | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 9.1% | — |
净利率NOWURI
| Q1 26 | 12.4% | 13.3% | ||
| Q4 25 | 11.2% | 65.8% | ||
| Q3 25 | 14.7% | 74.7% | ||
| Q2 25 | 12.0% | 71.3% | ||
| Q1 25 | 14.9% | 58.0% | ||
| Q4 24 | 13.0% | 67.6% | ||
| Q3 24 | 15.4% | 81.0% | ||
| Q2 24 | 10.0% | 73.1% |
每股收益（稀释后）NOWURI
| Q1 26 | $1.04 | $8.43 | ||
| Q4 25 | $-4.77 | $10.20 | ||
| Q3 25 | $2.40 | $10.91 | ||
| Q2 25 | $1.84 | $9.59 | ||
| Q1 25 | $2.20 | $7.91 | ||
| Q4 24 | $1.84 | $10.41 | ||
| Q3 24 | $2.07 | $10.70 | ||
| Q2 24 | $1.26 | $9.54 |
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 | $156.0M |
| 总债务越低越好 | — | $13.9B |
| 股东权益账面价值 | $11.7B | $9.0B |
| 总资产 | $24.4B | $29.9B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资NOWURI
| Q1 26 | $2.7B | $156.0M | ||
| Q4 25 | $3.7B | $459.0M | ||
| Q3 25 | $2.7B | $512.0M | ||
| Q2 25 | $3.1B | $548.0M | ||
| Q1 25 | $3.4B | $542.0M | ||
| Q4 24 | $2.3B | $457.0M | ||
| Q3 24 | $1.9B | $479.0M | ||
| Q2 24 | $2.2B | $467.0M |
总债务NOWURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | — | $12.7B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $11.5B | ||
| Q4 24 | — | $12.2B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $11.5B |
股东权益NOWURI
| Q1 26 | $11.7B | $9.0B | ||
| Q4 25 | $13.0B | $9.0B | ||
| Q3 25 | $11.3B | $9.0B | ||
| Q2 25 | $10.9B | $9.0B | ||
| Q1 25 | $10.1B | $8.8B | ||
| Q4 24 | $9.6B | $8.6B | ||
| Q3 24 | $9.3B | $8.6B | ||
| Q2 24 | $8.7B | $8.3B |
总资产NOWURI
| Q1 26 | $24.4B | $29.9B | ||
| Q4 25 | $26.0B | $29.9B | ||
| Q3 25 | $21.8B | $30.1B | ||
| Q2 25 | $22.1B | $29.2B | ||
| Q1 25 | $21.0B | $28.1B | ||
| Q4 24 | $20.4B | $28.2B | ||
| Q3 24 | $18.4B | $28.4B | ||
| Q2 24 | $18.2B | $27.6B |
负债/权益比NOWURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.34× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | — | 1.42× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | — | 1.39× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.7B | $1.1B |
| 自由现金流率自由现金流/营收 | 44.2% | 26.4% |
| 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× | 2.85× |
| 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NOWURI
| Q1 26 | $1.7B | $1.5B | ||
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $813.0M | $1.2B | ||
| Q2 25 | $716.0M | $1.3B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $671.0M | $1.2B | ||
| Q2 24 | $620.0M | $1.3B |
自由现金流NOWURI
| Q1 26 | $1.7B | $1.1B | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $578.0M | — | ||
| Q2 25 | $526.0M | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.4B | $471.0M | ||
| Q3 24 | $469.0M | $-168.0M | ||
| Q2 24 | $358.0M | $-263.0M |
自由现金流率NOWURI
| Q1 26 | 44.2% | 26.4% | ||
| Q4 25 | 56.1% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 46.7% | 46.2% | ||
| Q3 24 | 16.8% | -19.2% | ||
| Q2 24 | 13.6% | -30.2% |
资本支出强度NOWURI
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.6% | 56.6% | ||
| Q3 24 | 7.2% | 157.0% | ||
| Q2 24 | 10.0% | 175.6% |
现金转化率NOWURI
| Q1 26 | 3.56× | 2.85× | ||
| Q4 25 | 5.58× | 1.92× | ||
| Q3 25 | 1.62× | 1.68× | ||
| Q2 25 | 1.86× | 2.14× | ||
| Q1 25 | 3.65× | 2.75× | ||
| Q4 24 | 4.26× | 1.52× | ||
| Q3 24 | 1.55× | 1.70× | ||
| Q2 24 | 2.37× | 1.99× |
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 | $99.0M | 3% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
