ServiceNow Inc risk profile
39 Normal where most of the sector sits
Measured 21 October 2026 from NOW's filed statements. Recomputed nightly.
39 (Normal), driven by Concentration at 61, over 7 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 54 | Elevated | Volatile | One-year price volatility — 58.3% |
| Operating pressure | 27 | Normal | Worsening | Costs outgrowing revenue — -1.8 percentage points |
| Cash conversion | 10 | Contained | Stable | Capital spending against operating cash — 0.16x |
| Leverage and coverage | 15 | Contained | Stable | Current ratio — 1.00x |
| Competitive position | 50 | Elevated | Stable | Operating-margin gap against peers — -12.4 percentage points |
| Concentration | 61 | Stretched | Stable | Geographic concentration — 4,609 HHI |
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.