NOWServiceNow

$140.89-26% 1Y

Is it safe?

Watch

Mixed picture: a safe balance sheet and clean books, but quality weak and big price swings.

2 good, 2 to watch, 2 neutral
SurvivalSafe zone

Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.

Honest booksLow risk

Reported earnings show no manipulation flags Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).

Quality3 / 9

Weak, deteriorating fundamentals Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.

Insider conviction-$1.9M

Insiders were net sellers (-$1.9M, 90 days to Oct 8, 2026), selling is often routine.

Credit gradeAderived · Jun 30, 2026

Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.

Drawdown risk49% volderived · Oct 9, 2026

Large price swings, high volatility. Worst drawdown -65% · now 27% below its 52-week high.

Unless marked, from SEC EDGAR, as of Dec 31, 2025.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

Volatilitymiddle of the market
Max drawdownmiddle of the market

Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.

Can NOW take a bad year?

ServiceNow carries $2.85B of net debt at 1.17× EBITDA: a load its earnings can carry.

$2.85B

Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
1.17×

Net debt / EBITDA

Altman Z-score
5.52

Altman Z-score · safe zone, above 3

Debt / equity
0.60×

Debt / equity

Details›
Total debtQ2 2026
$7.52B
Cash and short-term investments
$4.66B
Net debt
$2.85B
EBITDA, trailing twelve months
$2.44B
Operating profit, trailing twelve months
$1.68B
Debt / equity
0.60×
Total debt / EBITDA
3.08×
Annualised volatilitytwo years of daily moves
49%
Worst drawdown on file
−65%
Below its 52-week high
27%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.