CRCL vs. NOW: Circle Internet vs. ServiceNow Stock Comparison

November 11, 2026

How do Circle Internet (CRCL) and ServiceNow (NOW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Circle Internet (CRCL) and ServiceNow (NOW) both belong to the Software industry, though CRCL is classified under Application Software while NOW falls under Systems Software.

ServiceNow (NOW) has been public since June 29, 2012, giving it a longer listed trading history, while Circle Internet (CRCL) listed on June 5, 2025 and still has a shorter public-market record.

Company profile comparison for Circle Internet (CRCL) and ServiceNow (NOW)
Profile Item	CRCL	NOW
Name	Circle Internet Group, Inc. Class A	ServiceNow Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	Software
GICS Sub-Industry	Application Software	Systems Software
Market Capitalization	17.41 billion USD	105.84 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 5, 2025	June 29, 2012
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRCL

NOW

GSPC

Circle Internet (CRCL) vs. ServiceNow (NOW), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Circle Internet (CRCL) and ServiceNow (NOW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Circle Internet (CRCL) and ServiceNow (NOW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Circle Internet (CRCL) and ServiceNow (NOW)
Metric	CRCL	NOW
Total Return (1Y)	-33.88%	-39.72%
Total Return (3Y, Annualized)	--	-5.71%
Total Return (5Y, Annualized)	--	-5.55%

Risk Profile

Drawdown History

CRCL

NOW

GSPC

Circle Internet (CRCL) vs. ServiceNow (NOW), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Circle Internet (CRCL) and ServiceNow (NOW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Circle Internet (CRCL) and ServiceNow (NOW)
Metric	CRCL	NOW
Volatility (1Y, Annualized)	96.01%	64.49%
Beta (5Y)	0.84	0.98
Max Drawdown (5Y)	-80.93%	-64.54%
Avg. Volume (3M)	12.74M	15.74M

Risk-Adjusted Performance

Risk-Return Positioning

CRCL and NOW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Circle Internet (CRCL) and ServiceNow (NOW)
Metric	CRCL	NOW
Sharpe Ratio (1Y)	-0.40	-0.68
Sortino Ratio (1Y)	-0.61	-0.89

Profitability

ROE (TTM)

Both Circle Internet (CRCL) at 13.44% and ServiceNow (NOW) at 11.85% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

CRCL

Software & Services industry group

13.44%

Max: 53.85%
Q3: 17.90%
CRCL: 13.44%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

NOW

Software & Services industry group

11.85%

Max: 53.85%
Q3: 17.90%
NOW: 11.85%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Both Circle Internet (CRCL) at 15.28% and ServiceNow (NOW) at 9.36% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CRCL

Software & Services industry group

15.28%

Max: 41.17%
CRCL: 15.28%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

NOW

Software & Services industry group

9.36%

Max: 41.17%
Q3: 15.28%
NOW: 9.36%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Circle Internet (CRCL) at 24.09% operates in the top operating margin quartile, ahead of ServiceNow (NOW) at 17.39%, which runs around its industry’s norm.

CRCL

Software & Services industry group

24.09%

Max: 46.89%
CRCL: 24.09%
Q3: 17.64%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

NOW

Software & Services industry group

17.39%

Max: 46.89%
Q3: 17.64%
NOW: 17.39%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Circle Internet (CRCL) and ServiceNow (NOW)
Metric	CRCL	NOW
ROE (TTM)	13.44%	11.85%
ROA (TTM)	0.28%	4.59%
Net Margin (TTM)	15.28%	9.36%
Operating Margin (TTM)	24.09%	17.39%
Gross Margin (TTM)	26.58%	73.08%

Growth

Revenue Growth

Circle Internet (CRCL) at 63.86% clears its industry range for revenue growth, far stronger top-line momentum than ServiceNow (NOW) at 20.88%, which is closer to a typical peer reading.

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their Revenue Growth across different time periods.

EPS Growth

ServiceNow (NOW) at 22.08% is around its peer norm for EPS growth, while Circle Internet (CRCL) at -640.54% falls below its industry range, a notably weak earnings reading.

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Circle Internet (CRCL) and ServiceNow (NOW)
Metric	CRCL	NOW
Revenue Growth (YoY)	63.86%	20.88%
Revenue Growth (3Y CAGR)	52.66%	22.38%
EPS Growth (YoY)	-640.54%	22.08%
EPS Growth (3Y CAGR)	--	73.46%

Financial Strength

Current Ratio (MRQ)

Circle Internet (CRCL) at 1.04 keeps current ratio within its industry’s typical mid-range, while ServiceNow (NOW) at 0.72 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NOW.

CRCL

Software & Services industry group

1.04

Max: 5.11
Q3: 2.77
Median: 1.67
CRCL: 1.04
Q1: 1.01
Min: 0.03

NOW

Software & Services industry group

0.72

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
NOW: 0.72
Min: 0.03

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Circle Internet (CRCL) at 0.00 keeps leverage in the lower industry quartile, while ServiceNow (NOW) at 0.64 runs a more typical debt-to-equity mix.

CRCL

Software & Services industry group

0.00

Max: 2.52
Q3: 1.13
Median: 0.40
Q1: 0.07
CRCL: 0.00
Min: 0.00

NOW

Software & Services industry group

0.64

Max: 2.52
Q3: 1.13
NOW: 0.64
Median: 0.40
Q1: 0.07
Min: 0.00

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Circle Internet (CRCL) and ServiceNow (NOW)
Metric	CRCL	NOW
Current Ratio (MRQ)	1.04	0.72
Debt / Equity (MRQ)	0.00	0.64
Net Debt / EBITDA	-4.68	1.18

Dividends

Dividend Yield (TTM)

Neither Circle Internet (CRCL) nor ServiceNow (NOW) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CRCL

Software & Services industry group

0.00%

CRCL: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NOW

Software & Services industry group

0.00%

NOW: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Circle Internet (CRCL) nor ServiceNow (NOW) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CRCL

Software & Services industry group

0.00%

CRCL: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NOW

Software & Services industry group

0.00%

NOW: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Circle Internet (CRCL) and ServiceNow (NOW)
Metric	CRCL	NOW
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Circle Internet (CRCL) at 40.89 is near its industry’s usual P/E ratio, while ServiceNow (NOW) at 73.36 sits in the richer quartile — NOW needs stronger growth or earnings quality to justify the premium.

CRCL

Software & Services industry group

40.89

Max: 112.94
Q3: 60.32
CRCL: 40.89
Median: 32.91
Q1: 18.77
Min: 6.69

NOW

Software & Services industry group

73.36

Max: 112.94
NOW: 73.36
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Circle Internet (CRCL) at 5.75 and ServiceNow (NOW) at 6.86 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CRCL

Software & Services industry group

5.75

Max: 17.91
Q3: 8.78
CRCL: 5.75
Median: 4.25
Q1: 2.23
Min: 0.02

NOW

Software & Services industry group

6.86

Max: 17.91
Q3: 8.78
NOW: 6.86
Median: 4.25
Q1: 2.23
Min: 0.02

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Circle Internet (CRCL) at 4.50 and ServiceNow (NOW) at 8.08 are valued close to their industries’ norm against book — neither stands out from peers.

CRCL

Software & Services industry group

4.50

Max: 16.63
Q3: 8.50
CRCL: 4.50
Median: 4.30
Q1: 1.92
Min: -3.90

NOW

Software & Services industry group

8.08

Max: 16.63
Q3: 8.50
NOW: 8.08
Median: 4.30
Q1: 1.92
Min: -3.90

Circle Internet (CRCL) vs. ServiceNow (NOW): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Circle Internet (CRCL) and ServiceNow (NOW)
Metric	CRCL	NOW
P/E Ratio (TTM)	40.89	73.36
P/S Ratio (TTM)	5.75	6.86
P/B Ratio (MRQ)	4.50	8.08
Free Cash Flow Yield (TTM)	1.43%	5.44%