NOW vs SAP vs PATH Stock Comparison

ServiceNow, Sap Se and UiPath Prices as of Oct 23, 2026 Peers: Industry group
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NOW ServiceNow, Inc.
$158.99 +12.9% 1M -15.4% 1Y
Market cap
$162.99B
P/E
97.6x
Revenue (TTM)
$14.73B
Div. yield
–
Business Process Automation Technology
1 win
SAP Sap Se
$238.21 +13.1% 1M -14.5% 1Y
Market cap
$278.03B
P/E
29.9x
Revenue (TTM)
$44.55B
Div. yield
–
ERP Software Technology
4 wins
PATH UiPath, Inc.
$14.14 +8.4% 1M -8.4% 1Y
Market cap
$7.45B
P/E
20.6x
Revenue (TTM)
$1.72B
Div. yield
–
Business Process Automation Technology
5 wins

Head to Head

10 decided of 12

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

QuestionNOWSAPPATHLeader
Larger companyMarket capitalisation $162.99B $278.03B $7.45B SAP
Cheaper on earningsLower P/E, profitable companies only 97.6x 29.9x 20.6x PATH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 41.3x 28.0x 18.6x PATH
Faster revenue growthRevenue growth, trailing twelve months +22.2% +14.2% +15.0% NOW
More profitableNet margin, trailing twelve months 11.3% 20.8% 21.0% PATH
Better return on capitalReturn on invested capital — 35.9% — –
Less leveragedLower net debt / EBITDA 0.8x -0.5x — SAP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -15.4% -14.5% -8.4% PATH
Better 5-year returnAnnualised price return, 5 years +3.0%/yr +10.9%/yr -22.6%/yr SAP
Less volatileAnnualised volatility, 1 year 58.7% 39.5% 65.0% SAP
Higher overall scoreMean of the five percentile scores vs peers 50/100 63/100 76/100 PATH

Percentile Scorecard

NOWSAPPATH

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

AxisNOWSAPPATH
Valuation 27 #74 of 101 51 #50 of 101 77 #24 of 101
Growth 58 #41 of 97 71 #29 of 97 87 #14 of 97
Profitability 81 #19 of 94 91 #9 of 94 72 #27 of 94
Financial Health 51 #54 of 109 77 #26 of 109 88 #14 of 109
Shareholder Returns 35 #42 of 64 27 #47 of 64 54 #30 of 64
Overall 50 63 76
  • NOW ranked among 114 companies in Business Applications
  • SAP ranked among 114 companies in Business Applications
  • PATH ranked among 114 companies in Business Applications

Price Performance

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

Returns

PeriodNOWSAPPATHSPY
1 month +12.9%+13.1%+8.4% -1.0%
3 months +61.0%+48.8%+30.4% +2.9%
6 months +76.3%+35.9%+36.4% +6.4%
Year to date +3.8%-1.9%-13.7% +11.4%
1 year -15.4%-14.5%-8.4% +13.1%
3 years +43.4%+78.2%-11.6% +79.4%
3 years, per year +12.8%+21.3%-4.0% +21.5%
5 years +15.8%+68.0%-72.2% +67.7%
5 years, per year +3.0%+10.9%-22.6% +10.9%
10 years +893.1%+168.2%— +255.2%
10 years, per year +25.8%+10.4%— +13.5%

Risk

MeasureNOWSAPPATHSPY
Volatility, 1Y 58.7%39.5%65.0% 12.7%
Downside volatility, 1Y 61.5%40.8%66.0% 12.7%
Beta vs S&P 500, 1Y 0.620.621.11 1.00
Return / volatility, 1Y -0.26-0.37-0.13 1.03
Max drawdown, 5Y -64.5%-53.2%-83.7% -25.4%
From 52-week high -16.0%-14.5%-26.7% -2.5%
52-week high $189.26$278.53$19.29 $779.14
52-week low $83.00$146.09$9.38 $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.

MultipleNOWSAPPATH
P/E now vs peer median 98.2xmedian 29.9x 29.9xmedian 29.9x 20.3xmedian 29.9x
P/S now vs peer median 11.2xmedian 2.8x 6.6xmedian 2.8x 3.7xmedian 2.8x
EV/EBITDA now vs peer median 48.9xmedian 17.4x 12.2xmedian 17.4x 17.4xmedian 17.4x
P/FCF now vs peer median 35.9xmedian 16.9x 28.7xmedian 16.9x 17.8xmedian 16.9x
P/B now vs peer median 13.1xmedian 3.1x 5.7xmedian 3.1x 3.3xmedian 3.1x
PEG now vs peer median 18.89median 0.86 1.63median 0.86 0.33median 0.86

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 monthsNOWSAPPATH
Revenue $14.73B $44.55B $1.72B
Gross profit $11.02B $32.56B $1.42B
Operating income $1.68B $21.60B $152.95M
Net income $1.67B $9.26B $361.92M
Free cash flow $4.58B $10.18B $362.96M
R&D $3.26B $8.03B $368.32M
EPS (diluted) $1.61 $7.90 $0.69
Cash & equivalents $2.50B $12.01B $607.41M
Total debt $7.52B $18.08B –
Shares (diluted) 1.03B 1.18B 523.01M
Enterprise value $141.45B $205.81B $1.98B

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
MetricNOWSAPPATH
P/E 98.2x 29.9x 20.3x
P/FCF 35.9x 28.7x 17.8x
P/Operating cash flow 31.0x 26.5x 17.3x
P/S 11.2x 6.6x 3.7x
P/B 13.1x 5.7x 3.3x
P/Tangible book 18.8x 6.0x 3.5x
EV/EBITDA 48.9x 12.2x 17.4x
EV/EBIT 99.6x 13.0x 33.8x
EV/Revenue 11.4x 6.3x 3.0x
EV/FCF 36.5x 27.6x 14.2x
EV/Operating cash flow 31.5x 25.5x 13.8x
PEG (3Y EPS CAGR) 18.89 1.63 0.33

Growth

14 metrics
MetricNOWSAPPATH
Revenue growth (1Y) 22.2% 14.2% 15.0%
Revenue CAGR (3Y) 22.5% 11.7% 14.4%
Gross profit growth (1Y) 16.4% 13.5% 14.6%
Gross profit CAGR (3Y) 20.5% 12.2% 13.8%
Operating income growth (1Y) 4.9% 31.9% 430.0%
Operating income CAGR (3Y) 49.1% 53.5% 38.3%
Net income growth (1Y) 0.5% 29.0% 1,695%
Net income CAGR (3Y) 5.5% 17.5% 59.2%
EPS growth (1Y) 1.7% 31.2% 1,763%
EPS CAGR (3Y) 5.2% 18.4% 61.2%
Operating cash flow growth (1Y) 13.0% 41.4% 11.5%
Operating cash flow CAGR (3Y) 22.2% 19.6% 27.9%
Free cash flow growth (1Y) 19.0% 46.2% 17.2%
Free cash flow CAGR (3Y) 25.7% 22.1% 29.3%

Profitability

14 metrics
MetricNOWSAPPATH
Gross margin 74.8% 73.1% 82.6%
EBITDA margin 23.2% 51.8% 17.2%
Operating margin 11.4% 48.5% 8.9%
Pretax margin 15.9% 29.5% 12.3%
Net margin 11.3% 20.8% 21.0%
FCF margin 31.1% 22.9% 21.1%
Operating cash flow margin 36.0% 24.8% 21.7%
Return on equity 13.8% 18.2% 18.8%
Return on assets 6.0% 11.1% 12.5%
Return on invested capital – 35.9% –
Return on capital employed 10.6% 34.4% 7.3%
Asset turnover 0.5x 0.5x 0.6x
Cash conversion (OCF / net income) 3.2x 1.2x 1.0x
Stock comp / revenue 12.3% 3.9% 13.6%

Financial Health

11 metrics
MetricNOWSAPPATH
Debt / assets 23.7% 11.3% –
Debt / equity 0.6x 0.2x –
Net debt / EBITDA 0.8x -0.5x –
Debt / FCF 1.6x 1.0x –
Liabilities / assets 60.5% 40.2% 33.0%
Equity / assets 39.5% 59.8% 67.0%
Interest coverage – 8.0x –
Current ratio 0.7x 1.1x 2.4x
Quick ratio 0.6x 0.9x 2.1x
Cash ratio 0.4x 0.9x 1.6x
Altman Z-score 5.92 7.35 4.47

Shareholder Returns

7 metrics
MetricNOWSAPPATH
Dividend yield – 1.2% –
Net buyback yield 1.9% 0.4% 3.9%
Shareholder yield 1.9% 1.6% 3.9%
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.

ConsensusNOWSAPPATH
Forward P/E 41.3xFY2026 28.0xFY2026 18.6xFY2026
EPS, next fiscal year $3.85FY2026 $8.52FY2026 $0.76FY2026
EPS growth, next FY +9.7%FY2026 +16.1%FY2026 +5.6%FY2026
EPS growth, the year after +27.3% +4.9% +14.5%
Revenue, next fiscal year $15.24BFY2026 $42.86BFY2026 $1.87BFY2026
Revenue growth, next FY +14.8%FY2026 -2.4%FY2026 +16.3%FY2026
Revenue growth, the year after +17.7% +14.3% -3.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNOWSAPPATH
Held by institutions 81.6% 7.2% 79.0%
Institutions holding 2,224 814 525
Change in shares held, QoQ -2.1% -3.0% +14.3%
Institutions buying 1,285 456 276
Institutions selling 779 243 169
Buyers to sellers 1.65 1.88 1.63

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.

NOWSAPPATH
NOW 1.00 0.72 0.64
SAP 0.72 1.00 0.52
PATH 0.64 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NOW, SAP and PATH?

Sap Se (SAP) is the largest by market capitalisation: ServiceNow (NOW) $162.99B, Sap Se (SAP) $278.03B, UiPath (PATH) $7.45B.

Which stock is cheaper, NOW, SAP and PATH?

UiPath (PATH) trades on the lowest price-to-earnings ratio (ServiceNow (NOW) 97.6x, Sap Se (SAP) 29.9x, UiPath (PATH) 20.6x). On next year's consensus earnings, UiPath (PATH) is cheapest (ServiceNow (NOW) 41.3x, Sap Se (SAP) 28.0x, UiPath (PATH) 18.6x). 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%, Sap Se (SAP) +14.2%, UiPath (PATH) +15.0%.

Which company is more profitable?

UiPath (PATH) has the highest net margin (ServiceNow (NOW) 11.3%, Sap Se (SAP) 20.8%, UiPath (PATH) 21.0%).

Which stock has performed better?

Over the past year UiPath (PATH) returned the most: ServiceNow (NOW) -15.4%, Sap Se (SAP) -14.5%, UiPath (PATH) -8.4%. Over five years, Sap Se (SAP) compounded fastest (ServiceNow (NOW) +3.0%/yr, Sap Se (SAP) +10.9%/yr, UiPath (PATH) -22.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Sap Se (SAP) has been the steadiest (ServiceNow (NOW) 58.7%, Sap Se (SAP) 39.5%, UiPath (PATH) 65.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NOW, SAP and PATH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, UiPath (PATH) 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.