ServiceNow Inc (NOW) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.37x

ServiceNow Inc (NOW) has a Cash Flow Reinvestment Rate of 0.37x as of December 2025, reinvesting $835.00 Million (capex $238.00 Million plus investments $597.00 Million) from operating cash flow of $2.24 Billion. See NOW free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

0.37x
(Capex + Investments) / Operating CF

Total Reinvested

$835.00 Million
Capex + Investments

Operating Cash Flow

$2.24 Billion
USD

Capital Expenditures

$238.00 Million
USD

ServiceNow Inc Cash Flow Reinvestment Rate (2008–2025)

Historical reinvestment intensity for ServiceNow Inc across 17 annual periods. For the full cash flow conversion analysis, see ServiceNow Inc (NOW) cash flow conversion.

Annual Cash Flow Reinvestment Rate for ServiceNow Inc (2008–2025)

Year-by-year capital reinvestment analysis for ServiceNow Inc. See ServiceNow Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.21x $1.14 Billion $5.44 Billion $868.00 Million ▼ -73.4%
2024 0.79x $3.35 Billion $4.27 Billion $852.00 Million ▼ -18.9%
2023 0.97x $3.29 Billion $3.40 Billion $694.00 Million ▼ -15.8%
2022 1.15x $3.13 Billion $2.72 Billion $550.00 Million ▲ +201.5%
2021 0.38x $836.00 Million $2.19 Billion $399.00 Million ▼ -51.3%
2020 0.78x $1.40 Billion $1.79 Billion $432.52 Million ▲ +35.0%
2019 0.58x $717.06 Million $1.24 Billion $337.58 Million ▲ +51.8%
2018 0.38x $309.98 Million $811.09 Million $248.86 Million ▼ -70.2%
2017 1.28x $825.75 Million $642.83 Million $157.18 Million ▲ +14.9%
2016 1.12x $178.78 Million $159.92 Million $128.41 Million ▲ +52.9%
2015 0.73x $230.42 Million $315.09 Million $89.23 Million ▼ -53.2%
2014 1.56x $217.06 Million $138.90 Million $54.38 Million ▼ -67.2%
2013 4.76x $389.29 Million $81.75 Million $55.32 Million ▼ -2.9%
2012 4.90x $239.19 Million $48.77 Million $42.07 Million ▲ +709.3%
2011 0.61x $8.00 Million $13.20 Million $8.00 Million ▲ +160.0%
2010 0.23x $8.73 Million $37.47 Million $8.73 Million ▼ -84.5%
2008 1.50x $300.00K $200.00K $300.00K
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow