NOW vs VERX vs PATH Stock Comparison

ServiceNow, Vertex and UiPath Prices as of Oct 28, 2026 Peers: Industry group
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NOW ServiceNow, Inc.
$149.85 +14.0% 1M -20.1% 1Y
Market cap
$117.55B
P/E
81.3x
Revenue (TTM)
$15.43B
Div. yield
–
Business Process Automation Technology
6 wins
VERX Vertex, Inc.
$14.81 +33.9% 1M -41.0% 1Y
Market cap
$2.37B
P/E
661.6x
Revenue (TTM)
$787.44M
Div. yield
–
Compliance Software Technology
PATH UiPath, Inc.
$14.19 +16.1% 1M -12.2% 1Y
Market cap
$7.15B
P/E
19.8x
Revenue (TTM)
$1.72B
Div. yield
–
Business Process Automation Technology
5 wins

Head to Head

11 decided of 12

ServiceNow leads on 6 of the 12 questions below (ServiceNow 6, UiPath 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNOWVERXPATHLeader
Larger companyMarket capitalisation $117.55B $2.37B $7.15B NOW
Cheaper on earningsLower P/E, profitable companies only 81.3x 661.6x 19.8x PATH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 38.9x 19.0x 18.7x PATH
Faster revenue growthRevenue growth, trailing twelve months +21.8% +10.8% +15.0% NOW
More profitableNet margin, trailing twelve months 9.4% 0.5% 21.0% PATH
Better return on capitalReturn on invested capital 5.2% 0.0% — NOW
Less leveragedLower net debt / EBITDA 0.8x 1.1x — NOW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -20.1% -41.0% -12.2% PATH
Better 5-year returnAnnualised price return, 5 years +1.4%/yr -6.6%/yr -22.4%/yr NOW
Less volatileAnnualised volatility, 1 year 58.8% 62.3% 64.0% NOW
Higher overall scoreMean of the five percentile scores vs peers 51/100 49/100 77/100 PATH

Percentile Scorecard

NOWVERXPATH

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

AxisNOWVERXPATH
Valuation 33 #68 of 101 40 #61 of 101 78 #23 of 101
Growth 50 #49 of 97 76 #24 of 97 88 #13 of 97
Profitability 80 #20 of 94 54 #44 of 94 73 #26 of 94
Financial Health 53 #51 of 108 35 #71 of 108 89 #13 of 108
Shareholder Returns 38 #40 of 64 41 #38 of 64 56 #29 of 64
Overall 51 49 77
  • NOW ranked among 114 companies in Business Applications
  • VERX 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

PeriodNOWVERXPATHSPY
1 month +14.0%+33.9%+16.1% +0.9%
3 months +29.4%+11.2%+12.7% +5.9%
6 months +68.6%+20.7%+36.7% +8.5%
Year to date -2.2%-25.8%-13.4% +13.3%
1 year -20.1%-41.0%-12.2% +12.4%
3 years +35.2%-34.9%-5.0% +88.1%
3 years, per year +10.6%-13.4%-1.7% +23.5%
5 years +7.4%-28.9%-71.8% +68.2%
5 years, per year +1.4%-6.6%-22.4% +11.0%
10 years +770.2%—— +263.4%
10 years, per year +24.2%—— +13.8%

Risk

MeasureNOWVERXPATHSPY
Volatility, 1Y 58.8%62.3%64.0% 12.7%
Downside volatility, 1Y 61.5%63.6%65.2% 12.7%
Beta vs S&P 500, 1Y 0.600.451.06 1.00
Return / volatility, 1Y -0.34-0.66-0.19 0.98
Max drawdown, 5Y -64.5%-82.1%-83.7% -25.4%
From 52-week high -20.1%-41.0%-26.4% -0.9%
52-week high $187.58$25.11$19.29 $779.14
52-week low $83.00$10.58$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.

MultipleNOWVERXPATH
P/E now vs peer median 107.3xmedian 27.6x 668.4xmedian 27.6x 20.4xmedian 27.6x
P/S now vs peer median 10.1xmedian 2.7x 3.0xmedian 2.7x 3.8xmedian 2.7x
EV/EBITDA now vs peer median 46.0xmedian 17.4x 25.4xmedian 17.4x 17.5xmedian 17.4x
P/FCF now vs peer median 32.7xmedian 15.8x 47.3xmedian 15.8x 17.8xmedian 15.8x
P/B now vs peer median 11.9xmedian 3.2x 9.9xmedian 3.2x 3.3xmedian 3.2x
PEG now vs peer median -31.41median 0.84 23.71median 0.84 0.33median 0.84

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 monthsNOWVERXPATH
Revenue $15.43B $787.44M $1.72B
Gross profit $11.28B $503.58M $1.42B
Operating income $1.49B -$13.34M $152.95M
Net income $1.45B $3.58M $361.92M
Free cash flow $4.75B $50.48M $362.96M
R&D $3.47B $91.60M $368.32M
EPS (diluted) $1.39 $0.02 $0.69
Cash & equivalents $2.39B $230.49M $607.41M
Total debt $7.52B $1.35B –
Shares (diluted) 1.04B 161.39M 523.01M
Enterprise value $96.81B $1.22B $1.69B

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
MetricNOWVERXPATH
P/E 107.3x 668.4x 20.4x
P/FCF 32.7x 47.3x 17.8x
P/Operating cash flow 29.2x 13.8x 17.3x
P/S 10.1x 3.0x 3.8x
P/B 11.9x 9.9x 3.3x
P/Tangible book 16.4x 10.0x 3.5x
EV/EBITDA 46.0x 25.4x 17.5x
EV/EBIT 106.1x -187.2x 33.9x
EV/Revenue 10.3x 3.2x 3.0x
EV/FCF 33.4x 49.5x 14.3x
EV/Operating cash flow 29.7x 14.4x 13.9x
PEG (3Y EPS CAGR) -31.41 23.71 0.33

Growth

14 metrics
MetricNOWVERXPATH
Revenue growth (1Y) 21.8% 10.8% 15.0%
Revenue CAGR (3Y) 22.1% 14.1% 14.4%
Gross profit growth (1Y) 14.1% 9.0% 14.6%
Gross profit CAGR (3Y) 19.2% 15.8% 13.8%
Operating income growth (1Y) -14.9% -75.9% 430.0%
Operating income CAGR (3Y) 32.1% 8.2% 38.3%
Net income growth (1Y) -16.5% 107.1% 1,695%
Net income CAGR (3Y) -3.1% 28.3% 59.2%
EPS growth (1Y) -16.2% 107.0% 1,763%
EPS CAGR (3Y) -3.4% 28.2% 61.2%
Operating cash flow growth (1Y) 10.2% 21.1% 11.5%
Operating cash flow CAGR (3Y) 21.8% 47.3% 27.9%
Free cash flow growth (1Y) 20.0% 4,078% 17.2%
Free cash flow CAGR (3Y) 25.9% 78.9% 29.3%

Profitability

14 metrics
MetricNOWVERXPATH
Gross margin 73.1% 64.0% 82.6%
EBITDA margin 22.3% 12.5% 17.2%
Operating margin 9.7% -1.7% 8.9%
Pretax margin 13.1% -1.2% 12.3%
Net margin 9.4% 0.5% 21.0%
FCF margin 30.8% 6.4% 21.1%
Operating cash flow margin 34.6% 22.0% 21.7%
Return on equity 11.3% 1.5% 18.8%
Return on assets 4.6% 0.3% 12.5%
Return on invested capital 5.2% 0.0% –
Return on capital employed 7.5% -2.1% 7.3%
Asset turnover 0.5x 0.6x 0.6x
Cash conversion (OCF / net income) 3.7x 48.6x 1.0x
Stock comp / revenue 10.4% 7.2% 13.6%

Financial Health

11 metrics
MetricNOWVERXPATH
Debt / assets 23.6% 28.0% –
Debt / equity 0.6x 1.4x –
Net debt / EBITDA 0.8x 1.1x –
Debt / FCF 1.6x 6.7x –
Liabilities / assets 58.9% 80.1% 33.0%
Equity / assets 41.1% 19.9% 67.0%
Interest coverage 14.6x – –
Current ratio 0.7x 0.9x 2.4x
Quick ratio 0.6x 0.7x 2.1x
Cash ratio 0.4x 0.4x 1.6x
Altman Z-score 5.77 1.98 4.49

Shareholder Returns

7 metrics
MetricNOWVERXPATH
Dividend yield – – –
Net buyback yield 1.7% 1.9% 3.9%
Shareholder yield 1.7% 1.9% 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.

ConsensusNOWVERXPATH
Forward P/E 38.9xFY2026 19.0xFY2026 18.7xFY2026
EPS, next fiscal year $3.85FY2026 $0.78FY2026 $0.76FY2026
EPS growth, next FY +9.7%FY2026 +21.9%FY2026 +5.6%FY2026
EPS growth, the year after +27.0% +38.5% +14.5%
Revenue, next fiscal year $15.25BFY2026 $795.75MFY2026 $1.87BFY2026
Revenue growth, next FY +14.8%FY2026 +6.3%FY2026 +16.3%FY2026
Revenue growth, the year after +17.7% +17.3% -3.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNOWVERXPATH
Held by institutions 81.6% 93.3% 79.0%
Institutions holding 2,224 229 525
Change in shares held, QoQ -2.1% -7.0% +14.3%
Institutions buying 1,285 135 276
Institutions selling 779 69 169
Buyers to sellers 1.65 1.96 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.

NOWVERXPATH
NOW 1.00 0.66 0.64
VERX 0.66 1.00 0.55
PATH 0.64 0.55 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NOW, VERX and PATH?

ServiceNow (NOW) is the largest by market capitalisation: ServiceNow (NOW) $117.55B, Vertex (VERX) $2.37B, UiPath (PATH) $7.15B.

Which stock is cheaper, NOW, VERX and PATH?

UiPath (PATH) trades on the lowest price-to-earnings ratio (ServiceNow (NOW) 81.3x, Vertex (VERX) 661.6x, UiPath (PATH) 19.8x). On next year's consensus earnings, UiPath (PATH) is cheapest (ServiceNow (NOW) 38.9x, Vertex (VERX) 19.0x, UiPath (PATH) 18.7x). 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) +21.8%, Vertex (VERX) +10.8%, UiPath (PATH) +15.0%.

Which company is more profitable?

UiPath (PATH) has the highest net margin (ServiceNow (NOW) 9.4%, Vertex (VERX) 0.5%, UiPath (PATH) 21.0%). On return on invested capital, ServiceNow (NOW) leads (ServiceNow (NOW) 5.2%, Vertex (VERX) 0.0%).

Which stock has performed better?

Over the past year UiPath (PATH) returned the most: ServiceNow (NOW) -20.1%, Vertex (VERX) -41.0%, UiPath (PATH) -12.2%. Over five years, ServiceNow (NOW) compounded fastest (ServiceNow (NOW) +1.4%/yr, Vertex (VERX) -6.6%/yr, UiPath (PATH) -22.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, ServiceNow (NOW) has been the steadiest (ServiceNow (NOW) 58.8%, Vertex (VERX) 62.3%, UiPath (PATH) 64.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NOW, VERX 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, ServiceNow (NOW) leads on 6. 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.