NBIS vs. NOW: Nebius vs. ServiceNow Stock Comparison

November 11, 2026

How do Nebius (NBIS) 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

Nebius (NBIS) and ServiceNow (NOW) are both classified in the Systems Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

ServiceNow (NOW) has been public since June 29, 2012, giving it a longer listed trading history, while Nebius (NBIS) listed on October 21, 2024 and still has a shorter public-market record.

Company profile comparison for Nebius (NBIS) and ServiceNow (NOW)
Profile Item	NBIS	NOW
Name	Nebius Group N.V. Class A Ordinary Shares	ServiceNow Inc.
Country/Region	Netherlands	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	Software
GICS Sub-Industry	Systems Software	Systems Software
Market Capitalization	35.20 billion USD	105.84 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	October 21, 2024	June 29, 2012
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NBIS

NOW

GSPC

Nebius (NBIS) 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 Nebius (NBIS) and ServiceNow (NOW). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Nebius (NBIS) and ServiceNow (NOW)
Metric	NBIS	NOW
Total Return (1Y)	25.86%	-39.72%
Total Return (3Y, Annualized)	--	-5.71%
Total Return (5Y, Annualized)	--	-5.55%

Risk Profile

Drawdown History

NBIS

NOW

GSPC

Nebius (NBIS) 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 Nebius (NBIS) and ServiceNow (NOW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Nebius (NBIS) carries a highly aggressive beta of 4.66, indicating much higher sensitivity to broad-market moves, whereas ServiceNow (NOW) is closer to market-like at 0.98 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Nebius (NBIS) and ServiceNow (NOW)
Metric	NBIS	NOW
Volatility (1Y, Annualized)	111.62%	64.49%
Beta (5Y)	4.66	0.98
Max Drawdown (5Y)	-58.27%	-64.54%
Avg. Volume (3M)	20.58M	15.74M

Risk-Adjusted Performance

Risk-Return Positioning

NBIS 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 Nebius (NBIS) and ServiceNow (NOW)
Metric	NBIS	NOW
Sharpe Ratio (1Y)	0.19	-0.68
Sortino Ratio (1Y)	0.31	-0.89

Profitability

ROE (TTM)

Both Nebius (NBIS) at 0.60% 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.

NBIS

Software & Services industry group

0.60%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
NBIS: 0.60%
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%

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

Net Margin (TTM)

Both Nebius (NBIS) at 3.13% 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.

NBIS

Software & Services industry group

3.13%

Max: 41.17%
Q3: 15.28%
Median: 4.63%
NBIS: 3.13%
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%

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

Operating Margin (TTM)

Nebius (NBIS) reports a negative operating margin of -0.22%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile ServiceNow (NOW) reports 17.39%, ranking against industry peers normally.

NBIS

Software & Services industry group

-0.22%

Max: 46.89%
Q3: 17.64%
Median: 8.73%
NBIS: -0.22%
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%

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

Profitability Metrics

Profitability metrics for Nebius (NBIS) and ServiceNow (NOW)
Metric	NBIS	NOW
ROE (TTM)	0.60%	11.85%
ROA (TTM)	-1.92%	4.59%
Net Margin (TTM)	3.13%	9.36%
Operating Margin (TTM)	-0.22%	17.39%
Gross Margin (TTM)	74.26%	73.08%

Growth

Revenue Growth

Nebius (NBIS) at 479.02% 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.

Nebius (NBIS) vs. ServiceNow (NOW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: ServiceNow (NOW) reports EPS growth of 22.08%, ranked against its industry; Nebius (NBIS) has no EPS growth figure this period.

Nebius (NBIS) vs. ServiceNow (NOW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Nebius (NBIS) and ServiceNow (NOW)
Metric	NBIS	NOW
Revenue Growth (YoY)	479.02%	20.88%
Revenue Growth (3Y CAGR)	239.83%	22.38%
EPS Growth (YoY)	--	22.08%
EPS Growth (3Y CAGR)	-28.68%	73.46%

Financial Strength

Current Ratio (MRQ)

Nebius (NBIS) at 4.03 carries current ratio above its industry’s typical mid-range, while ServiceNow (NOW) at 0.72 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

NBIS

Software & Services industry group

4.03

Max: 5.11
NBIS: 4.03
Q3: 2.77
Median: 1.67
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

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

Debt / Equity (MRQ)

Both Nebius (NBIS) at 0.99 and ServiceNow (NOW) at 0.64 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NBIS

Software & Services industry group

0.99

Max: 2.52
Q3: 1.13
NBIS: 0.99
Median: 0.40
Q1: 0.07
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

Nebius (NBIS) 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 Nebius (NBIS) and ServiceNow (NOW)
Metric	NBIS	NOW
Current Ratio (MRQ)	4.03	0.72
Debt / Equity (MRQ)	0.99	0.64
Net Debt / EBITDA	8.35	1.18

Dividends

Dividend Yield (TTM)

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

NBIS

Software & Services industry group

0.00%

NBIS: 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%

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

Dividend Payout Ratio (TTM)

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

NBIS

Software & Services industry group

0.00%

NBIS: 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%

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

Dividend Metrics

Dividend metrics for Nebius (NBIS) and ServiceNow (NOW)
Metric	NBIS	NOW
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Both Nebius (NBIS) at 101.16 and ServiceNow (NOW) at 73.36 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

NBIS

Software & Services industry group

101.16

Max: 112.94
NBIS: 101.16
Q3: 60.32
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

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

P/S Ratio (TTM)

ServiceNow (NOW) at 6.86 prices around its industry’s typical P/S ratio, while Nebius (NBIS) at 25.98 clears its benchmark range — NBIS looks notably rich on sales.

NBIS

Software & Services industry group

25.98

NBIS: 25.98
Max: 17.91
Q3: 8.78
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

Nebius (NBIS) 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 Nebius (NBIS) at 3.43 and ServiceNow (NOW) at 8.08 are valued close to their industries’ norm against book — neither stands out from peers.

NBIS

Software & Services industry group

3.43

Max: 16.63
Q3: 8.50
Median: 4.30
NBIS: 3.43
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

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

Valuation Metrics

Valuation metrics for Nebius (NBIS) and ServiceNow (NOW)
Metric	NBIS	NOW
P/E Ratio (TTM)	101.16	73.36
P/S Ratio (TTM)	25.98	6.86
P/B Ratio (MRQ)	3.43	8.08
Free Cash Flow Yield (TTM)	-27.31%	5.44%