NOW vs DOX vs CNDT Stock Comparison

ServiceNow, Amdocs and Conduent Prices as of Oct 26, 2026 Peers: Industry group
NOW ServiceNow, Inc.
$158.19 +16.6% 1M -15.0% 1Y
Market cap
$160.33B
P/E
96.0x
Revenue (TTM)
$14.73B
Div. yield
–
Business Process Automation Technology
5 wins
DOX Amdocs Ltd
$62.68 +8.6% 1M -24.9% 1Y
Market cap
$6.90B
P/E
15.1x
Revenue (TTM)
$4.65B
Div. yield
–
Networking Equipment Technology
4 wins
CNDT CONDUENT Inc
$1.70 +3.7% 1M -34.6% 1Y
Market cap
$254.67M
P/E
–
Revenue (TTM)
$2.79B
Div. yield
–
Consulting Industrials
1 win

Head to Head

10 decided of 12

ServiceNow leads on 5 of the 12 questions below (ServiceNow 5, Amdocs 4, Conduent 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNOWDOXCNDTLeader
Larger companyMarket capitalisation $160.33B $6.90B $254.67M NOW
Cheaper on earningsLower P/E, profitable companies only 96.0x 15.1x -1.1x DOX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 41.1x 7.9x — DOX
Faster revenue growthRevenue growth, trailing twelve months +22.2% +0.1% -5.7% NOW
More profitableNet margin, trailing twelve months 11.3% 9.8% -8.2% NOW
Better return on capitalReturn on invested capital — — -186.3% –
Less leveragedLower net debt / EBITDA 0.8x 0.9x -0.2x CNDT
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -15.0% -24.9% -34.6% NOW
Better 5-year returnAnnualised price return, 5 years +3.5%/yr -4.2%/yr -23.9%/yr NOW
Less volatileAnnualised volatility, 1 year 58.8% 29.8% 75.3% DOX
Higher overall scoreMean of the five percentile scores vs peers 52/100 64/100 23/100 DOX

Percentile Scorecard

NOWDOXCNDT

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

AxisNOWDOXCNDT
Valuation 28 #74 of 102 90 #12 of 111 37 #71 of 112
Growth 58 #42 of 98 14 #93 of 108 22 #75 of 96
Profitability 82 #18 of 95 84 #18 of 104 11 #81 of 91
Financial Health 50 #55 of 109 36 #74 of 115 21 #99 of 125
Shareholder Returns 41 #38 of 64 96 #4 of 81 –
Overall 52 64 23
  • NOW ranked among 115 companies in Business Applications
  • DOX ranked among 121 companies in Computer Hardware
  • CNDT ranked among 130 companies in Business Services

Price Performance

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

Returns

PeriodNOWDOXCNDTSPY
1 month +16.6%+8.6%+3.7% -0.8%
3 months +49.9%+18.0%+12.6% +3.5%
6 months +74.9%-3.1%0.0% +7.0%
Year to date +3.3%-22.1%-11.5% +12.2%
1 year -15.0%-24.9%-34.6% +13.0%
3 years +42.8%-20.3%-45.2% +86.3%
3 years, per year +12.6%-7.3%-18.2% +23.1%
5 years +19.0%-19.3%-74.4% +68.6%
5 years, per year +3.5%-4.2%-23.9% +11.0%
10 years +902.5%+6.9%— +258.0%
10 years, per year +25.9%+0.7%— +13.6%

Risk

MeasureNOWDOXCNDTSPY
Volatility, 1Y 58.8%29.8%75.3% 12.7%
Downside volatility, 1Y 61.5%32.6%81.4% 12.7%
Beta vs S&P 500, 1Y 0.620.261.62 1.00
Return / volatility, 1Y -0.25-0.83-0.46 1.02
Max drawdown, 5Y -64.5%-49.5%-83.7% -25.4%
From 52-week high -16.4%-26.7%-33.6% -1.8%
52-week high $189.26$85.49$2.56 $779.14
52-week low $83.00$49.87$1.16 $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.

MultipleNOWDOXCNDT
P/E now vs peer median 97.7xmedian 28.8x 15.3xmedian 32.0x -1.2xmedian 21.9x
P/S now vs peer median 11.1xmedian 2.8x 1.5xmedian 2.8x 0.1xmedian 0.9x
EV/EBITDA now vs peer median 48.7xmedian 17.7x 9.0xmedian 19.4x -0.3xmedian 12.2x
P/FCF now vs peer median 35.7xmedian 15.8x 7.9xmedian 29.0x -5.4xmedian 14.3x
P/B now vs peer median 13.1xmedian 3.2x 2.0xmedian 2.9x 0.5xmedian 2.3x
PEG now vs peer median 18.80median 0.85 -4.18median 1.13 -1.10median 1.02

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 monthsNOWDOXCNDT
Revenue $14.73B $4.65B $2.79B
Gross profit $11.02B $1.78B $514.00M
Operating income $1.68B $626.70M -$2.43B
Net income $1.67B $457.53M -$228.00M
Free cash flow $4.58B $858.80M -$49.00M
R&D $3.26B $343.21M $3.00M
EPS (diluted) $1.61 $4.17 $-1.47
Cash & equivalents $2.50B $206.45M $228.00M
Total debt $7.52B $3.25B $2.84B
Shares (diluted) 1.03B 109.66M 155.29M
Enterprise value $138.79B $5.91B -$682.33M

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
MetricNOWDOXCNDT
P/E 97.7x 15.3x -1.2x
P/FCF 35.7x 7.9x -5.4x
P/Operating cash flow 30.8x 9.1x -264.4x
P/S 11.1x 1.5x 0.1x
P/B 13.1x 2.0x 0.5x
P/Tangible book 18.7x 2.2x 0.5x
EV/EBITDA 48.7x 9.0x -0.3x
EV/EBIT 99.1x 12.0x -0.3x
EV/Revenue 11.3x 1.6x 0.3x
EV/FCF 36.3x 8.8x -15.4x
EV/Operating cash flow 31.4x 10.0x -754.4x
PEG (3Y EPS CAGR) 18.80 -4.18 -1.10

Growth

14 metrics
MetricNOWDOXCNDT
Revenue growth (1Y) 22.2% 0.1% -5.7%
Revenue CAGR (3Y) 22.5% -1.1% -9.8%
Gross profit growth (1Y) 16.4% 2.9% -4.1%
Gross profit CAGR (3Y) 20.5% 1.5% -15.1%
Operating income growth (1Y) 4.9% -11.9% 0.8%
Operating income CAGR (3Y) 49.1% -3.0% 9.9%
Net income growth (1Y) 0.5% -18.0% -1,240%
Net income CAGR (3Y) 5.5% -7.0% 11.7%
EPS growth (1Y) 1.7% -14.5% -1,283%
EPS CAGR (3Y) 5.2% -3.7% 1.1%
Operating cash flow growth (1Y) 13.0% 1.6% 97.8%
Operating cash flow CAGR (3Y) 22.2% -0.8% -26.2%
Free cash flow growth (1Y) 19.0% 2.8% 31.0%
Free cash flow CAGR (3Y) 25.7% -3.2% -40.0%

Profitability

14 metrics
MetricNOWDOXCNDT
Gross margin 74.8% 38.3% 18.4%
EBITDA margin 23.2% 17.9% -80.2%
Operating margin 11.4% 13.5% -87.0%
Pretax margin 15.9% 12.5% -5.4%
Net margin 11.3% 9.8% -8.2%
FCF margin 31.1% 18.5% -1.8%
Operating cash flow margin 36.0% 16.1% 0.0%
Return on equity 13.8% – -39.1%
Return on assets 6.0% 7.2% -9.8%
Return on invested capital – – -186.3%
Return on capital employed 10.6% 13.4% -150.6%
Asset turnover 0.5x 0.7x 1.2x
Cash conversion (OCF / net income) 3.2x 1.6x 0.0x
Stock comp / revenue 12.3% 2.4% 0.5%

Financial Health

11 metrics
MetricNOWDOXCNDT
Debt / assets 23.7% 14.5% 32.0%
Debt / equity 0.6x 0.3x 1.4x
Net debt / EBITDA 0.8x 0.9x -0.2x
Debt / FCF 1.6x 1.1x -14.7x
Liabilities / assets 60.5% 48.1% 76.6%
Equity / assets 39.5% 51.9% 23.4%
Interest coverage – – -49.5x
Current ratio 0.7x 0.9x 1.6x
Quick ratio 0.6x 1.0x 0.8x
Cash ratio 0.4x 0.1x 0.3x
Altman Z-score 5.89 3.95 -3.75

Shareholder Returns

7 metrics
MetricNOWDOXCNDT
Dividend yield – 3.6% –
Net buyback yield 1.9% 7.8% –
Shareholder yield 1.9% 11.4% –
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.

ConsensusNOWDOXCNDT
Forward P/E 41.1xFY2026 7.9xFY2026 –
EPS, next fiscal year $3.85FY2026 $7.92FY2026 $-0.56FY2026
EPS growth, next FY +9.7%FY2026 +13.3%FY2026 –
EPS growth, the year after +27.0% +4.0% –
Revenue, next fiscal year $15.25BFY2026 $4.46BFY2026 $2.37BFY2026
Revenue growth, next FY +14.8%FY2026 -1.6%FY2026 -22.1%FY2026
Revenue growth, the year after +17.7% +5.0% -0.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNOWDOXCNDT
Held by institutions 81.6% 93.0% 73.2%
Institutions holding 2,224 446 189
Change in shares held, QoQ -2.1% +0.5% +3.5%
Institutions buying 1,285 250 90
Institutions selling 779 151 50
Buyers to sellers 1.65 1.66 1.80

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.

NOWDOXCNDT
NOW 1.00 0.51 0.27
DOX 0.51 1.00 0.29
CNDT 0.27 0.29 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NOW, DOX and CNDT?

ServiceNow (NOW) is the largest by market capitalisation: ServiceNow (NOW) $160.33B, Amdocs (DOX) $6.90B, Conduent (CNDT) $254.67M.

Which stock is cheaper, NOW, DOX and CNDT?

Amdocs (DOX) trades on the lowest price-to-earnings ratio (ServiceNow (NOW) 96.0x, Amdocs (DOX) 15.1x, Conduent (CNDT) -1.1x). On next year's consensus earnings, Amdocs (DOX) is cheapest (ServiceNow (NOW) 41.1x, Amdocs (DOX) 7.9x). 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: ServiceNow (NOW) +22.2%, Amdocs (DOX) +0.1%, Conduent (CNDT) -5.7%.

Which company is more profitable?

ServiceNow (NOW) has the highest net margin (ServiceNow (NOW) 11.3%, Amdocs (DOX) 9.8%, Conduent (CNDT) -8.2%).

Which stock has performed better?

Over the past year ServiceNow (NOW) returned the most: ServiceNow (NOW) -15.0%, Amdocs (DOX) -24.9%, Conduent (CNDT) -34.6%. Over five years, ServiceNow (NOW) compounded fastest (ServiceNow (NOW) +3.5%/yr, Amdocs (DOX) -4.2%/yr, Conduent (CNDT) -23.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Amdocs (DOX) has been the steadiest (ServiceNow (NOW) 58.8%, Amdocs (DOX) 29.8%, Conduent (CNDT) 75.3%). Volatility measures how widely the price swings, not the risk of the business.

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

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.