Microsoft vs ServiceNow
Microsoft is the larger business, with $331.84bn of revenue in fiscal 2026 against $13.28bn for ServiceNow (25.0 times as much). ServiceNow grew faster (20.9% against 17.8%). Microsoft kept more of each dollar of sales as profit: a net margin of 40.3% against 13.2%. Microsoft carries less debt relative to equity (10.4% against 11.5%).
| Latest fiscal year | MicrosoftMSFT, 2026 | ServiceNowNOW, 2025 |
|---|---|---|
| Revenue | $331.84bn | $13.28bn |
| Revenue growth | 17.8% | 20.9% |
| Net income | $133.75bn | $1.75bn |
| Operating margin | 46.8% | 13.7% |
| Net margin | 40.3% | 13.2% |
| Return on equity | 34.0% | 15.5% |
| Free cash flow | $66.99bn | $4.58bn |
| Cash | $20.93bn | $3.73bn |
| Total debt | $46.14bn | $1.49bn |
| Debt to equity | 10.4% | 11.5% |
| Dividend per share | $3.64 | — |
| Dividend yield | 0.7% | — |
| Share buybacks | $22.27bn | $1.84bn |
| Employees | 223,000 | 26,293 |
| Market value | $3.77tn | $110.03bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 90 (Strong) | 56 (Moderate) |
| Insider trades, 12 months | 1 buys, 28 sales | 2 buys, 29 sales |