ServiceNow vs Workday NOW vs WDAY
ServiceNow and Workday on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
What differs most
- Market value: ServiceNow $146.78B, Workday $45.99B.
- Trailing P/E: ServiceNow 88.6×, Workday 38.6×.
- Price / sales: ServiceNow 10.0×, Workday 4.5×.
- Free-cash-flow yield: Workday 6.0%, ServiceNow 3.1%.
Price return
2025-10-16 → 2026-10-16
NOW−20.6%
WDAY−16.2%
Profile
latestSector
Technology
Technology
Industry
Software - Application
Software - Application
Market value
$146.78B
$45.99B
Enterprise value
$151.79B
$48.31B
Employees
29,187
20,896
Revenue per employee (TTM)
$505K
$486K
Our models
nightlythe valuation on each stock's pagePrice vs model
264% overvalued vs model
339% overvalued vs model
Model range
$24.65–94.06
$26.52–99.96
Models in the headline
1
1
FCF growth priced in, at a 10% return
17.8%
6.6%
Every model, its assumptions and its range: NOW valuation · WDAY valuation. The growth priced in, at any return: NOW reverse DCF · WDAY reverse DCF.
Trading
close 2026-10-16Last close
$141.97
$190.81
52-week high
$189.26
$245.67
52-week low
$83.00
$112.50
Price vs 52-week high
−25.0%
−22.3%
Price vs 52-week low
+71.0%
+69.6%
Average daily volume / shares
1.8%
1.5%
Beta
0.99
1.07
Returns
to 2026-10-161 month
+1.5%
+1.6%
3 months
+36.5%
+31.2%
6 months
+47.2%
+52.8%
Year to date
−7.3%
−11.2%
1 year
−20.6%
−16.2%
1 year, dividends added
−20.6%
−16.2%
2 years
−22.7%
−20.6%
Valuation
NOW price × TTM to Jun 2026 · WDAY price × TTM to Jul 2026P/E (TTM)
88.6×
38.6×
P/E on consensus EPS (next FY)
34.9×
17.2×
Price / sales
10.0×
4.5×
EV / sales
10.3×
4.8×
EV / EBITDA
—
—
Price / book
11.7×
7.1×
Price / free cash flow (FY)
32.1×
16.6×
Free-cash-flow yield (FY)
3.1%
6.0%
Growth
NOW TTM and FY2025 · WDAY TTM and FY2026Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+22.1%
+11.7%
Revenue, 3-year CAGR
22.4%
15.4%
Revenue, 5-year CAGR
24.1%
17.2%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+143.9%
+328.1%
EPS, 3-year CAGR
73.5%
—
Free cash flow, 3-year CAGR
28.2%
29.0%
Diluted shares, 3-year change
+2.9%
+5.2%
Profitability
NOW TTM to Jun 2026 · WDAY TTM to Jul 2026Gross margin (FY)†
77.5%
75.7%
Operating margin
11.4%
10.7%
EBITDA margin
—
—
Net margin
11.3%
12.3%
Free-cash-flow margin (FY)
34.5%
29.1%
Return on equity
13.3%
19.4%
Return on assets
5.3%
7.9%
Asset turnover
0.47
0.64
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
NOW MRQ Jun 2026 · WDAY MRQ Jul 2026Cash
$2.50B
$661.0M
Total debt
$7.52B
$2.99B
Net debt
$5.01B
$2.33B
Debt / equity
0.6×
0.5×
Net debt / EBITDA (TTM)
—
—
Interest coverage (FY)
0.0×
9.0×
Current ratio (FY)
0.95
1.32
Dividends
trailing 12 monthsDividend yield
0.0%
0.0%
Dividends per share
$0.00
$0.00
Payout ratio (of TTM EPS)
—
—
Dividend per share, 5-year CAGR
—
—
Frequency
—
—
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
8
5
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$1.7M
$41.1M
Analyst upgrades
0
0
Analyst downgrades
0
3
Statements
NOW income TTM to Jun 2026 · cash flow FY2025 · WDAY income TTM to Jul 2026 · cash flow FY2026Revenue
$14.73B
$10.15B
EBITDA
—
—
Operating income
$1.68B
$1.08B
Net income
$1.67B
$1.25B
EPS (diluted)
$1.60
$4.94
Operating cash flow
$5.44B
$2.94B
Capital expenditure
−$868.0M
−$162.0M
Free cash flow
$4.58B
$2.78B
Dividends paid
$0
—
Statements from the companies' SEC filings; prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.