CrowdStrike Holdings vs ServiceNow: Business Model & Financial Comparison 2026
CrowdStrike Holdings · Technology / Software - Infrastructure·ServiceNow · Technology / Software - Application
Financial Comparison
| Metric | CRWDCrowdStrike Holdings | NOWServiceNow |
|---|---|---|
| Market Cap | $112.04B | $119.89B |
| Revenue (TTM) | $4.81B | $13.28B |
| Revenue Growth | 23.3% | 20.7% |
| Gross Margin | 74.8% | 77.5% |
| Operating Margin | 1.0% | 16.5% |
| Net Margin | -3.4% | 13.2% |
| Return on Equity | -4.1% | 15.5% |
| P/E (Trailing) | N/A | 68.0x |
| P/E (Forward) | 71.5x | 22.7x |
| Free Cash Flow | $1.60B | $4.95B |
| Cash | $5.23B | $6.28B |
| Total Debt | $820.1M | $2.40B |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
CrowdStrike Holdings
CrowdStrike Holdings, Inc. stands as a leading company in Technology. Generating $4.81 billion in annual revenue (growing 23.3% year-over-year) and carrying a market capitalization of $107.43 billion, the company has cemented its position as a foundational player in the global Software - Infrastructure landscape. Under the leadership of its leadership team, CrowdStrike Holdings, Inc. continues to execute on a multi-year strategic vision that bala…
Full CrowdStrike Holdings analysis →ServiceNow
ServiceNow, Inc. stands as a leading company in Technology. Generating $13.28 billion in annual revenue (growing 20.7% year-over-year) and carrying a market capitalization of $127.02 billion, the company has cemented its position as a foundational player in the global Software - Application landscape. Under the leadership of its leadership team, ServiceNow, Inc. continues to execute on a multi-year strategic vision that balances growth investment…
Full ServiceNow analysis →SWOT Analysis Comparison
Strengths
CrowdStrike Holdings
- With a market capitalization of $107.43B, CrowdStrike Holdings, Inc. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital
- CrowdStrike Holdings, Inc.'s gross margin of 74.8% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 1.2% demonstr
- Revenue grew 23.3% year-over-year to $4.81B, indicating strong demand for CrowdStrike Holdings, Inc.'s products and services and outperformance relative to many industry peers.
ServiceNow
- With a market capitalization of $127.02B, ServiceNow, Inc. is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access tha
- ServiceNow, Inc.'s gross margin of 77.5% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 16.5% demonstrates disc
- Revenue grew 20.7% year-over-year to $13.28B, indicating strong demand for ServiceNow, Inc.'s products and services and outperformance relative to many industry peers.
Weaknesses
CrowdStrike Holdings
- In the Software - Infrastructure sector, larger competitors with greater economies of scale can exert pricing pressure and outspend CrowdStrike Holdings, Inc. on marketing, R&D, and distribution — lim
- Revenue concentration in core markets or customer segments creates vulnerability to localized downturns, regulatory changes, or shifts in customer preferences. Diversification remains an ongoing strat
ServiceNow
- In the Software - Application sector, larger competitors with greater economies of scale can exert pricing pressure and outspend ServiceNow, Inc. on marketing, R&D, and distribution — limiting the com
- Revenue concentration in core markets or customer segments creates vulnerability to localized downturns, regulatory changes, or shifts in customer preferences. Diversification remains an ongoing strat
Opportunities
CrowdStrike Holdings
- The rapid advancement of generative AI and large language models presents CrowdStrike Holdings, Inc. with opportunities to automate operations, enhance products, and develop new AI-native services. Co
- CrowdStrike Holdings, Inc. operates in the Software - Infrastructure segment of the broader Technology sector, which represents a $5.0 trillion by 2027 (IDC Global Technology Market). Even modest shar
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for CrowdSt
ServiceNow
- The rapid advancement of generative AI and large language models presents ServiceNow, Inc. with opportunities to automate operations, enhance products, and develop new AI-native services. Companies in
- ServiceNow, Inc. operates in the Software - Application segment of the broader Technology sector, which represents a $5.0 trillion by 2027 (IDC Global Technology Market). Even modest share gains in th
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Service
Threats
CrowdStrike Holdings
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. CrowdStrike Holdings, Inc.'s revenue is not fully insulated from macroeconomic cycles, and a
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on CrowdStrike Holding
- The technology sector evolves at a pace where today's competitive advantages can erode quickly. New entrants with AI-native approaches, open-source alternatives, or disruptive business models could ch
ServiceNow
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. ServiceNow, Inc.'s revenue is not fully insulated from macroeconomic cycles, and a recession
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on ServiceNow, Inc.'s
- The technology sector evolves at a pace where today's competitive advantages can erode quickly. New entrants with AI-native approaches, open-source alternatives, or disruptive business models could ch
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Open Comparison ToolCrowdStrike Holdings vs ServiceNow: FAQ
- Is CrowdStrike Holdings bigger than ServiceNow?
- By market capitalization, ServiceNow is larger at $119.89B vs CrowdStrike Holdings's $112.04B.
- Which has better profit margins — CrowdStrike Holdings or ServiceNow?
- ServiceNow has higher net profit margins (13.2%) compared to CrowdStrike Holdings (-3.4%). Gross and operating margins are compared in the table above.
- What sectors do CrowdStrike Holdings and ServiceNow operate in?
- CrowdStrike Holdings operates in the Technology sector (Software - Infrastructure). ServiceNow operates in the Technology sector (Software - Application).
- How does CrowdStrike Holdings's revenue compare to ServiceNow's?
- CrowdStrike Holdings generates $4.81B in annual revenue (TTM) while ServiceNow generates $13.28B. ServiceNow is the larger company by revenue as of 2026.