NOW vs TRI Stock Comparison

ServiceNow and Thomson Reuters Prices as of Oct 23, 2026 Peers: Industry group
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
5 wins
TRI Thomson Reuters Corp /Can/
$123.17 +25.1% 1M -24.6% 1Y
Market cap
$54.80B
P/E
33.8x
Revenue (TTM)
$7.83B
Div. yield
-0.01%
Compliance Software Technology
5 wins

Head to Head

10 decided of 12

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

QuestionNOWTRILeader
Larger companyMarket capitalisation $162.99B $54.80B NOW
Cheaper on earningsLower P/E, profitable companies only 97.6x 33.8x TRI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 41.3x 27.4x TRI
Faster revenue growthRevenue growth, trailing twelve months +22.2% +7.0% NOW
More profitableNet margin, trailing twelve months 11.3% 20.7% TRI
Better return on capitalReturn on invested capital — — –
Less leveragedLower net debt / EBITDA 0.8x 1.2x NOW
Higher dividend yieldTrailing dividend yield 0.00% -0.01% –
Better 1-year returnPrice return, last 12 months -15.4% -24.6% NOW
Better 5-year returnAnnualised price return, 5 years +3.0%/yr -0.1%/yr NOW
Less volatileAnnualised volatility, 1 year 58.7% 51.6% TRI
Higher overall scoreMean of the five percentile scores vs peers 50/100 56/100 TRI

Percentile Scorecard

NOWTRI

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

AxisNOWTRI
Valuation 27 #74 of 101 49 #52 of 101
Growth 58 #41 of 97 28 #70 of 97
Profitability 81 #19 of 94 99 #2 of 94
Financial Health 51 #54 of 109 67 #37 of 109
Shareholder Returns 35 #42 of 64 37 #41 of 64
Overall 50 56
  • NOW ranked among 114 companies in Business Applications
  • TRI ranked among 114 companies in Business Applications

Price Performance

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

Returns

PeriodNOWTRISPY
1 month +12.9%+25.1% -1.0%
3 months +61.0%+36.6% +2.9%
6 months +76.3%+37.2% +6.4%
Year to date +3.8%-6.6% +11.4%
1 year -15.4%-24.6% +13.1%
3 years +43.4%+0.2% +79.4%
3 years, per year +12.8%+0.1% +21.5%
5 years +15.8%-0.3% +67.7%
5 years, per year +3.0%-0.1% +10.9%
10 years +893.1%+198.5% +255.2%
10 years, per year +25.8%+11.6% +13.5%

Risk

MeasureNOWTRISPY
Volatility, 1Y 58.7%51.6% 12.7%
Downside volatility, 1Y 61.5%51.9% 12.7%
Beta vs S&P 500, 1Y 0.620.18 1.00
Return / volatility, 1Y -0.26-0.48 1.03
Max drawdown, 5Y -64.5%-64.3% -25.4%
From 52-week high -16.0%-24.6% -2.5%
52-week high $189.26$163.45 $779.14
52-week low $83.00$76.55 $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.

MultipleNOWTRI
P/E now vs peer median 98.2xmedian 29.9x 34.1xmedian 29.9x
P/S now vs peer median 11.2xmedian 2.8x 7.0xmedian 2.8x
EV/EBITDA now vs peer median 48.9xmedian 17.4x 27.2xmedian 17.4x
P/FCF now vs peer median 35.9xmedian 16.9x 17.2xmedian 16.9x
P/B now vs peer median 13.1xmedian 3.1x 4.9xmedian 3.1x
PEG now vs peer median 18.89median 0.86 3.29median 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 monthsNOWTRI
Revenue $14.73B $7.83B
Gross profit $11.02B –
Operating income $1.68B $2.33B
Net income $1.67B $1.68B
Free cash flow $4.58B $3.19B
R&D $3.26B –
EPS (diluted) $1.61 $3.61
Cash & equivalents $2.50B $577.00M
Total debt $7.52B $3.26B
Shares (diluted) 1.03B 449.53M
Enterprise value $141.45B $51.58B

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
MetricNOWTRI
P/E 98.2x 34.1x
P/FCF 35.9x 17.2x
P/Operating cash flow 31.0x 19.0x
P/S 11.2x 7.0x
P/B 13.1x 4.9x
P/Tangible book 18.8x 6.8x
EV/EBITDA 48.9x 27.2x
EV/EBIT 99.6x 24.6x
EV/Revenue 11.4x 7.3x
EV/FCF 36.5x 18.0x
EV/Operating cash flow 31.5x 19.9x
PEG (3Y EPS CAGR) 18.89 3.29

Growth

14 metrics
MetricNOWTRI
Revenue growth (1Y) 22.2% 7.0%
Revenue CAGR (3Y) 22.5% 5.2%
Gross profit growth (1Y) 16.4% –
Gross profit CAGR (3Y) 20.5% –
Operating income growth (1Y) 4.9% 9.1%
Operating income CAGR (3Y) 49.1% -0.5%
Net income growth (1Y) 0.5% 4.7%
Net income CAGR (3Y) 5.5% -6.8%
EPS growth (1Y) 1.7% 8.4%
EPS CAGR (3Y) 5.2% 10.4%
Operating cash flow growth (1Y) 13.0% 14.5%
Operating cash flow CAGR (3Y) 22.2% 10.1%
Free cash flow growth (1Y) 19.0% 13.0%
Free cash flow CAGR (3Y) 25.7% 9.0%

Profitability

14 metrics
MetricNOWTRI
Gross margin 74.8% –
EBITDA margin 23.2% 26.9%
Operating margin 11.4% 29.7%
Pretax margin 15.9% 46.5%
Net margin 11.3% 20.7%
FCF margin 31.1% 40.7%
Operating cash flow margin 36.0% 36.9%
Return on equity 13.8% –
Return on assets 6.0% –
Return on invested capital – –
Return on capital employed 10.6% –
Asset turnover 0.5x –
Cash conversion (OCF / net income) 3.2x 1.7x
Stock comp / revenue 12.3% –

Financial Health

11 metrics
MetricNOWTRI
Debt / assets 23.7% 18.0%
Debt / equity 0.6x 0.3x
Net debt / EBITDA 0.8x 1.2x
Debt / FCF 1.6x 1.0x
Liabilities / assets 60.5% 38.5%
Equity / assets 39.5% 61.5%
Interest coverage – 116.5x
Current ratio 0.7x 0.5x
Quick ratio 0.6x -2.5x
Cash ratio 0.4x 0.2x
Altman Z-score 5.92 6.14

Shareholder Returns

7 metrics
MetricNOWTRI
Dividend yield – 3.3%
Net buyback yield 1.9% -2.1%
Shareholder yield 1.9% 1.1%
Payout ratio (earnings) – 30.9%
Payout ratio (FCF) – 16.3%
Dividend growth (1Y) – -10.6%
Dividend CAGR (3Y) – -8.5%

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.

ConsensusNOWTRI
Forward P/E 41.3xFY2026 27.4xFY2026
EPS, next fiscal year $3.85FY2026 $4.50FY2026
EPS growth, next FY +9.7%FY2026 +13.4%FY2026
EPS growth, the year after +27.3% +7.6%
Revenue, next fiscal year $15.24BFY2026 $7.76BFY2026
Revenue growth, next FY +14.8%FY2026 +4.1%FY2026
Revenue growth, the year after +17.7% +15.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNOWTRI
Held by institutions 81.6% 90.1%
Institutions holding 2,224 421
Change in shares held, QoQ -2.1% +0.6%
Institutions buying 1,285 408
Institutions selling 779 9
Buyers to sellers 1.65 45.33

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.

NOWTRI
NOW 1.00 0.59
TRI 0.59 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NOW and TRI?

ServiceNow (NOW) is the largest by market capitalisation: ServiceNow (NOW) $162.99B, Thomson Reuters (TRI) $54.80B.

Which stock is cheaper, NOW and TRI?

Thomson Reuters (TRI) trades on the lowest price-to-earnings ratio (ServiceNow (NOW) 97.6x, Thomson Reuters (TRI) 33.8x). On next year's consensus earnings, Thomson Reuters (TRI) is cheapest (ServiceNow (NOW) 41.3x, Thomson Reuters (TRI) 27.4x). 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%, Thomson Reuters (TRI) +7.0%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (ServiceNow (NOW) 11.3%, Thomson Reuters (TRI) 20.7%).

Which stock has performed better?

Over the past year ServiceNow (NOW) returned the most: ServiceNow (NOW) -15.4%, Thomson Reuters (TRI) -24.6%. Over five years, ServiceNow (NOW) compounded fastest (ServiceNow (NOW) +3.0%/yr, Thomson Reuters (TRI) -0.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Thomson Reuters (TRI) has been the steadiest (ServiceNow (NOW) 58.7%, Thomson Reuters (TRI) 51.6%). Volatility measures how widely the price swings, not the risk of the business.

Do NOW and TRI move together?

Their daily returns over the past year have a correlation of 0.59, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, NOW and TRI?

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.