DOX vs MTLS vs NOW Stock Comparison

Amdocs, Materialise and ServiceNow Prices as of Oct 26, 2026 Peers: Industry group
DOX Amdocs Ltd
$62.68 +8.6% 1M -24.9% 1Y
Market cap
$6.86B
P/E
15.0x
Revenue (TTM)
$4.65B
Div. yield
–
Networking Equipment Technology
3 wins
MTLS Materialise Nv
$8.65 +2.6% 1M +43.2% 1Y
Market cap
$511.52M
P/E
33.2x
Revenue (TTM)
$318.18M
Div. yield
–
Business Process Automation Technology
3 wins
NOW ServiceNow, Inc.
$158.19 +16.6% 1M -15.0% 1Y
Market cap
$159.67B
P/E
95.6x
Revenue (TTM)
$14.73B
Div. yield
–
Business Process Automation Technology
4 wins

Head to Head

10 decided of 12

ServiceNow leads on 4 of the 12 questions below (ServiceNow 4, Amdocs 3, Materialise 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDOXMTLSNOWLeader
Larger companyMarket capitalisation $6.86B $511.52M $159.67B NOW
Cheaper on earningsLower P/E, profitable companies only 15.0x 33.2x 95.6x DOX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.9x 43.2x 41.1x DOX
Faster revenue growthRevenue growth, trailing twelve months +0.1% +10.2% +22.2% NOW
More profitableNet margin, trailing twelve months 9.8% 4.8% 11.3% NOW
Better return on capitalReturn on invested capital — 3.5% — –
Less leveragedLower net debt / EBITDA 0.9x -2.5x 0.8x MTLS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -24.9% +43.2% -15.0% MTLS
Better 5-year returnAnnualised price return, 5 years -4.2%/yr -17.1%/yr +3.5%/yr NOW
Less volatileAnnualised volatility, 1 year 29.8% 42.1% 58.8% DOX
Higher overall scoreMean of the five percentile scores vs peers 64/100 65/100 52/100 MTLS

Percentile Scorecard

DOXMTLSNOW

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

AxisDOXMTLSNOW
Valuation 90 #12 of 111 86 #15 of 102 28 #74 of 102
Growth 14 #93 of 108 88 #13 of 98 58 #42 of 98
Profitability 84 #18 of 104 61 #38 of 95 82 #18 of 95
Financial Health 36 #74 of 115 81 #22 of 109 50 #55 of 109
Shareholder Returns 96 #4 of 81 8 #59 of 64 41 #38 of 64
Overall 64 65 52
  • DOX ranked among 121 companies in Computer Hardware
  • MTLS ranked among 115 companies in Business Applications
  • NOW ranked among 115 companies in Business Applications

Price Performance

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

Returns

PeriodDOXMTLSNOWSPY
1 month +8.6%+2.6%+16.6% -0.8%
3 months +18.0%+34.3%+49.9% +3.5%
6 months -3.1%+62.9%+74.9% +7.0%
Year to date -22.1%+55.9%+3.3% +12.2%
1 year -24.9%+43.2%-15.0% +13.0%
3 years -20.3%+62.3%+42.8% +86.3%
3 years, per year -7.3%+17.5%+12.6% +23.1%
5 years -19.3%-60.9%+19.0% +68.6%
5 years, per year -4.2%-17.1%+3.5% +11.0%
10 years +6.9%+13.8%+902.5% +258.0%
10 years, per year +0.7%+1.3%+25.9% +13.6%

Risk

MeasureDOXMTLSNOWSPY
Volatility, 1Y 29.8%42.1%58.8% 12.7%
Downside volatility, 1Y 32.6%38.3%61.5% 12.7%
Beta vs S&P 500, 1Y 0.261.100.62 1.00
Return / volatility, 1Y -0.831.03-0.25 1.02
Max drawdown, 5Y -49.5%-84.7%-64.5% -25.4%
From 52-week high -26.7%-1.1%-16.4% -1.8%
52-week high $85.49$8.75$189.26 $779.14
52-week low $49.87$4.80$83.00 $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.

MultipleDOXMTLSNOW
P/E now vs peer median 15.3xmedian 32.0x 33.2xmedian 28.8x 97.7xmedian 28.8x
P/S now vs peer median 1.5xmedian 2.8x 1.6xmedian 2.8x 11.1xmedian 2.8x
EV/EBITDA now vs peer median 9.0xmedian 19.4x 10.5xmedian 17.7x 48.7xmedian 17.7x
P/FCF now vs peer median 7.9xmedian 29.0x 31.6xmedian 15.8x 35.7xmedian 15.8x
P/B now vs peer median 2.0xmedian 2.9x 1.7xmedian 3.2x 13.1xmedian 3.2x
PEG now vs peer median -4.18median 1.13 0.11median 0.85 18.80median 0.85

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 monthsDOXMTLSNOW
Revenue $4.65B $318.18M $14.73B
Gross profit $1.78B $182.10M $11.02B
Operating income $626.70M $12.25M $1.68B
Net income $457.53M $15.39M $1.67B
Free cash flow $858.80M $16.15M $4.58B
R&D $343.21M $55.71M $3.26B
EPS (diluted) $4.17 $0.26 $1.61
Cash & equivalents $206.45M $152.75M $2.50B
Total debt $3.25B $53.39M $7.52B
Shares (diluted) 109.66M 59.07M 1.03B
Enterprise value $5.87B -$105.79M $138.13B

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
MetricDOXMTLSNOW
P/E 15.3x 33.2x 97.7x
P/FCF 7.9x 31.6x 35.7x
P/Operating cash flow 9.1x 14.3x 30.8x
P/S 1.5x 1.6x 11.1x
P/B 2.0x 1.7x 13.1x
P/Tangible book 2.2x 1.9x 18.7x
EV/EBITDA 9.0x 10.5x 48.7x
EV/EBIT 12.0x 33.6x 99.1x
EV/Revenue 1.6x 1.3x 11.3x
EV/FCF 8.8x 25.5x 36.3x
EV/Operating cash flow 10.0x 11.5x 31.4x
PEG (3Y EPS CAGR) -4.18 0.11 18.80

Growth

14 metrics
MetricDOXMTLSNOW
Revenue growth (1Y) 0.1% 10.2% 22.2%
Revenue CAGR (3Y) -1.1% 6.4% 22.5%
Gross profit growth (1Y) 2.9% 11.4% 16.4%
Gross profit CAGR (3Y) 1.5% 7.0% 20.5%
Operating income growth (1Y) -11.9% 73.2% 4.9%
Operating income CAGR (3Y) -3.0% 62.7% 49.1%
Net income growth (1Y) -18.0% 150.8% 0.5%
Net income CAGR (3Y) -7.0% 330.9% 5.5%
EPS growth (1Y) -14.5% 151.3% 1.7%
EPS CAGR (3Y) -3.7% 310.4% 5.2%
Operating cash flow growth (1Y) 1.6% 46.9% 13.0%
Operating cash flow CAGR (3Y) -0.8% 32.9% 22.2%
Free cash flow growth (1Y) 2.8% 340.6% 19.0%
Free cash flow CAGR (3Y) -3.2% 53.8% 25.7%

Profitability

14 metrics
MetricDOXMTLSNOW
Gross margin 38.3% 57.2% 74.8%
EBITDA margin 17.9% 12.3% 23.2%
Operating margin 13.5% 3.9% 11.4%
Pretax margin 12.5% 4.9% 15.9%
Net margin 9.8% 4.8% 11.3%
FCF margin 18.5% 5.1% 31.1%
Operating cash flow margin 16.1% 11.3% 36.0%
Return on equity – 5.3% 13.8%
Return on assets 7.2% 3.2% 6.0%
Return on invested capital – 3.5% –
Return on capital employed 13.4% 3.3% 10.6%
Asset turnover 0.7x 0.7x 0.5x
Cash conversion (OCF / net income) 1.6x 2.3x 3.2x
Stock comp / revenue 2.4% 0.1% 12.3%

Financial Health

11 metrics
MetricDOXMTLSNOW
Debt / assets 14.5% 11.2% 23.7%
Debt / equity 0.3x 0.2x 0.6x
Net debt / EBITDA 0.9x -2.5x 0.8x
Debt / FCF 1.1x 3.3x 1.6x
Liabilities / assets 48.1% 38.6% 60.5%
Equity / assets 51.9% 61.4% 39.5%
Interest coverage – 27.6x –
Current ratio 0.9x 2.4x 0.7x
Quick ratio 1.0x 2.1x 0.6x
Cash ratio 0.1x 1.5x 0.4x
Altman Z-score 3.95 2.97 5.89

Shareholder Returns

7 metrics
MetricDOXMTLSNOW
Dividend yield 3.6% – –
Net buyback yield 7.8% -20.9% 1.9%
Shareholder yield 11.4% -20.9% 1.9%
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.

ConsensusDOXMTLSNOW
Forward P/E 7.9xFY2026 43.2xFY2026 41.1xFY2026
EPS, next fiscal year $7.92FY2026 $0.20FY2026 $3.85FY2026
EPS growth, next FY +13.3%FY2026 +33.3%FY2026 +9.7%FY2026
EPS growth, the year after +4.0% +45.0% +27.0%
Revenue, next fiscal year $4.46BFY2026 $302.24MFY2026 $15.25BFY2026
Revenue growth, next FY -1.6%FY2026 -3.8%FY2026 +14.8%FY2026
Revenue growth, the year after +5.0% +17.6% +17.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDOXMTLSNOW
Held by institutions 93.0% 13.7% 81.6%
Institutions holding 446 59 2,224
Change in shares held, QoQ +0.5% +9.4% -2.1%
Institutions buying 250 23 1,285
Institutions selling 151 22 779
Buyers to sellers 1.66 1.05 1.65

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.

DOXMTLSNOW
DOX 1.00 0.14 0.51
MTLS 0.14 1.00 0.23
NOW 0.51 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DOX, MTLS and NOW?

ServiceNow (NOW) is the largest by market capitalisation: Amdocs (DOX) $6.86B, Materialise (MTLS) $511.52M, ServiceNow (NOW) $159.67B.

Which stock is cheaper, DOX, MTLS and NOW?

Amdocs (DOX) trades on the lowest price-to-earnings ratio (Amdocs (DOX) 15.0x, Materialise (MTLS) 33.2x, ServiceNow (NOW) 95.6x). On next year's consensus earnings, Amdocs (DOX) is cheapest (Amdocs (DOX) 7.9x, Materialise (MTLS) 43.2x, ServiceNow (NOW) 41.1x). 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: Amdocs (DOX) +0.1%, Materialise (MTLS) +10.2%, ServiceNow (NOW) +22.2%.

Which company is more profitable?

ServiceNow (NOW) has the highest net margin (Amdocs (DOX) 9.8%, Materialise (MTLS) 4.8%, ServiceNow (NOW) 11.3%).

Which stock has performed better?

Over the past year Materialise (MTLS) returned the most: Amdocs (DOX) -24.9%, Materialise (MTLS) +43.2%, ServiceNow (NOW) -15.0%. Over five years, ServiceNow (NOW) compounded fastest (Amdocs (DOX) -4.2%/yr, Materialise (MTLS) -17.1%/yr, ServiceNow (NOW) +3.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Amdocs (DOX) has been the steadiest (Amdocs (DOX) 29.8%, Materialise (MTLS) 42.1%, ServiceNow (NOW) 58.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DOX, MTLS and NOW?

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 4. 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.