APPN vs NOW vs RDCM Stock Comparison

Appian, ServiceNow and Radcom Prices as of Oct 29, 2026 Peers: Industry group
APPN Appian Corp
$50.47 +42.9% 1M +69.1% 1Y
Market cap
$3.57B
P/E
–
Revenue (TTM)
$795.31M
Div. yield
–
Business Process Automation Technology
2 wins
NOW ServiceNow, Inc.
$109.65 -15.6% 1M -39.9% 1Y
Market cap
$108.68B
P/E
75.2x
Revenue (TTM)
$15.43B
Div. yield
–
Business Process Automation Technology
5 wins
RDCM Radcom Ltd
$10.69 +5.0% 1M -21.5% 1Y
Market cap
$166.33M
P/E
18.8x
Revenue (TTM)
—
Div. yield
–
IT Operations Software Technology
4 wins

Head to Head

11 decided of 12

ServiceNow leads on 5 of the 12 questions below (ServiceNow 5, Radcom 4, Appian 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPPNNOWRDCMLeader
Larger companyMarket capitalisation $3.57B $108.68B $166.33M NOW
Cheaper on earningsLower P/E, profitable companies only -336.0x 75.2x 18.8x RDCM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 45.1x 28.5x 28.9x NOW
Faster revenue growthRevenue growth, trailing twelve months +20.9% +21.8% — NOW
More profitableNet margin, trailing twelve months -1.3% 9.4% — NOW
Better return on capitalReturn on invested capital 6.5% 5.2% — APPN
Less leveragedLower net debt / EBITDA 3.4x 0.8x — NOW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +69.1% -39.9% -21.5% APPN
Better 5-year returnAnnualised price return, 5 years -12.7%/yr -4.7%/yr -2.0%/yr RDCM
Less volatileAnnualised volatility, 1 year 68.3% 66.6% 47.7% RDCM
Higher overall scoreMean of the five percentile scores vs peers 51/100 52/100 90/100 RDCM

Percentile Scorecard

APPNNOWRDCM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAPPNNOWRDCM
Valuation 38 #63 of 101 36 #65 of 101 98 #4 of 124
Growth 91 #10 of 97 49 #50 of 97 82 #21 of 113
Profitability 54 #43 of 93 79 #20 of 93 88 #14 of 109
Financial Health 32 #74 of 108 53 #51 of 108 91 #12 of 127
Shareholder Returns 40 #38 of 63 42 #37 of 63 –
Overall 51 52 90
  • APPN ranked among 114 companies in Business Applications
  • NOW ranked among 114 companies in Business Applications
  • RDCM ranked among 137 companies in Infrastructure Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAPPNNOWRDCMSPY
1 month +42.9%-15.6%+5.0% +0.7%
3 months +90.6%-0.4%+6.6% +3.7%
6 months +142.8%+24.2%-33.0% +7.1%
Year to date +42.5%-28.4%-18.3% +12.8%
1 year +69.1%-39.9%-21.5% +11.9%
3 years +28.7%-3.6%+37.1% +85.2%
3 years, per year +8.8%-1.2%+11.1% +22.8%
5 years -49.2%-21.4%-9.6% +67.6%
5 years, per year -12.7%-4.7%-2.0% +10.9%
10 years —+536.8%-46.1% +262.0%
10 years, per year —+20.3%-6.0% +13.7%

Risk

MeasureAPPNNOWRDCMSPY
Volatility, 1Y 68.3%66.6%47.7% 12.7%
Downside volatility, 1Y 59.9%75.9%52.1% 12.6%
Beta vs S&P 500, 1Y 0.510.690.70 1.00
Return / volatility, 1Y 1.01-0.60-0.45 0.94
Max drawdown, 5Y -81.9%-64.5%-46.9% -25.4%
From 52-week high -3.6%-41.3%-33.8% -1.2%
52-week high $52.35$186.94$16.14 $779.14
52-week low $18.72$83.00$9.91 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAPPNNOWRDCM
P/E now vs peer median -346.4xmedian 28.0x 78.5xmedian 28.0x 19.7xmedian 39.0x
P/S now vs peer median 4.6xmedian 2.8x 7.4xmedian 2.8x —median 4.6x
EV/EBITDA now vs peer median 182.2xmedian 16.9x 33.9xmedian 16.9x —median 32.7x
P/FCF now vs peer median 47.2xmedian 15.9x 24.0xmedian 15.9x —median 27.4x
P/B now vs peer median -34.5xmedian 3.2x 8.7xmedian 3.2x 1.5xmedian 3.2x
PEG now vs peer median -5.84median 0.89 -22.98median 0.89 0.20median 1.23

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAPPNNOWRDCM
Revenue $795.31M $15.43B –
Gross profit $565.62M $11.28B –
Operating income $10.14M $1.49B –
Net income -$10.62M $1.45B $9.48M
Free cash flow $76.75M $4.75B –
R&D $185.95M $3.47B –
EPS (diluted) $-0.15 $1.39 $0.53
Cash & equivalents $121.11M $2.39B $12.61M
Total debt $236.03M $7.52B –
Shares (diluted) 72.90M 1.04B 16.84M
Enterprise value $2.82B $87.94B -$268.41M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAPPNNOWRDCM
P/E -346.4x 78.5x 19.7x
P/FCF 47.2x 24.0x –
P/Operating cash flow 44.9x 21.3x –
P/S 4.6x 7.4x –
P/B -34.5x 8.7x 1.5x
P/Tangible book -34.3x 12.0x 1.5x
EV/EBITDA 182.2x 33.9x –
EV/EBIT 364.0x 78.2x 11.4x
EV/Revenue 4.6x 7.6x –
EV/FCF 48.1x 24.6x –
EV/Operating cash flow 45.7x 21.9x –
PEG (3Y EPS CAGR) -5.84 -22.98 0.20

Growth

14 metrics
MetricAPPNNOWRDCM
Revenue growth (1Y) 20.9% 21.8% –
Revenue CAGR (3Y) 16.2% 22.1% –
Gross profit growth (1Y) 19.3% 14.1% –
Gross profit CAGR (3Y) 15.8% 19.2% –
Operating income growth (1Y) 172.8% -14.9% –
Operating income CAGR (3Y) 27.4% 32.1% –
Net income growth (1Y) 38.4% -16.5% -17.4%
Net income CAGR (3Y) 59.3% -3.1% 96.3%
EPS growth (1Y) 37.3% -16.2% -24.1%
EPS CAGR (3Y) 59.3% -3.4% 97.8%
Operating cash flow growth (1Y) 66.0% 10.2% –
Operating cash flow CAGR (3Y) 42.0% 21.8% –
Free cash flow growth (1Y) 66.9% 20.0% –
Free cash flow CAGR (3Y) 39.7% 25.9% –

Profitability

14 metrics
MetricAPPNNOWRDCM
Gross margin 71.1% 73.1% –
EBITDA margin 2.5% 22.3% –
Operating margin 1.3% 9.7% –
Pretax margin -0.7% 13.1% –
Net margin -1.3% 9.4% –
FCF margin 9.6% 30.8% –
Operating cash flow margin 10.2% 34.6% –
Return on equity – 11.3% 8.0%
Return on assets -1.8% 4.6% 6.4%
Return on invested capital 6.5% 5.2% –
Return on capital employed 5.3% 7.5% 4.7%
Asset turnover 1.3x 0.5x –
Cash conversion (OCF / net income) -7.6x 3.7x –
Stock comp / revenue 5.4% 10.4% –

Financial Health

11 metrics
MetricAPPNNOWRDCM
Debt / assets 40.3% 23.6% –
Debt / equity -2.2x 0.6x –
Net debt / EBITDA 3.4x 0.8x –
Debt / FCF 3.1x 1.6x –
Liabilities / assets 118.0% 58.9% 19.9%
Equity / assets -18.0% 41.1% 80.1%
Interest coverage 0.6x 14.6x –
Current ratio 1.0x 0.7x 6.2x
Quick ratio 0.8x 0.6x 6.1x
Cash ratio 0.4x 0.4x 5.1x
Altman Z-score 3.07 4.44 –

Shareholder Returns

7 metrics
MetricAPPNNOWRDCM
Dividend yield – – –
Net buyback yield 2.0% 2.3% –
Shareholder yield 2.0% 2.3% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAPPNNOWRDCM
Forward P/E 45.1xFY2026 28.5xFY2026 28.9xFY2026
EPS, next fiscal year $1.12FY2026 $3.85FY2026 $0.37FY2026
EPS growth, next FY +83.6%FY2026 +9.7%FY2026 -66.1%FY2026
EPS growth, the year after +20.5% +27.0% +24.3%
Revenue, next fiscal year $897.68MFY2026 $15.25BFY2026 $56.61MFY2026
Revenue growth, next FY +23.5%FY2026 +14.8%FY2026 -20.8%FY2026
Revenue growth, the year after +12.0% +17.7% +2.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPPNNOWRDCM
Held by institutions 52.8% 81.6% 53.3%
Institutions holding 212 2,225 54
Change in shares held, QoQ -1.3% -2.1% +2.3%
Institutions buying 120 1,286 29
Institutions selling 52 779 16
Buyers to sellers 2.31 1.65 1.81

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

APPNNOWRDCM
APPN 1.00 0.54 0.19
NOW 0.54 1.00 0.10
RDCM 0.19 0.10 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, APPN, NOW and RDCM?

ServiceNow (NOW) is the largest by market capitalisation: Appian (APPN) $3.57B, ServiceNow (NOW) $108.68B, Radcom (RDCM) $166.33M.

Which stock is cheaper, APPN, NOW and RDCM?

Radcom (RDCM) trades on the lowest price-to-earnings ratio (Appian (APPN) -336.0x, ServiceNow (NOW) 75.2x, Radcom (RDCM) 18.8x). On next year's consensus earnings, ServiceNow (NOW) is cheapest (Appian (APPN) 45.1x, ServiceNow (NOW) 28.5x, Radcom (RDCM) 28.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

ServiceNow (NOW) grew revenue fastest over the trailing twelve months: Appian (APPN) +20.9%, ServiceNow (NOW) +21.8%.

Which company is more profitable?

ServiceNow (NOW) has the highest net margin (Appian (APPN) -1.3%, ServiceNow (NOW) 9.4%). On return on invested capital, Appian (APPN) leads (Appian (APPN) 6.5%, ServiceNow (NOW) 5.2%).

Which stock has performed better?

Over the past year Appian (APPN) returned the most: Appian (APPN) +69.1%, ServiceNow (NOW) -39.9%, Radcom (RDCM) -21.5%. Over five years, Radcom (RDCM) compounded fastest (Appian (APPN) -12.7%/yr, ServiceNow (NOW) -4.7%/yr, Radcom (RDCM) -2.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Radcom (RDCM) has been the steadiest (Appian (APPN) 68.3%, ServiceNow (NOW) 66.6%, Radcom (RDCM) 47.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, APPN, NOW and RDCM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, ServiceNow (NOW) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.