A Motley Fool writer picks ServiceNow over Figma for 2026, citing its FY2025 revenue of nearly $13.3 billion, net income of roughly $1.7 billion and free cash flow of nearly $4.6 billion. Figma’s FY2025 revenue grew about 41%; its net loss was roughly $1.3 billion.
The author argues that ServiceNow’s role across IT, HR, finance and customer-service workflows, along with tools for connecting and governing AI-agent deployments, can deepen customer ties. ServiceNow had the lower forward P/E (34.2x versus Figma’s 75.9x), while Figma’s price-to-sales ratio was lower (8.3x versus 9.8x). Figma’s latest-quarter revenue growth accelerated to 46%, and it raised its full-year outlook. The article says valuation figures from Financial Modeling Prep may differ from other providers.
The article cautions that stock-based compensation, a non-cash add-back, inflates reported cash generation: it was 544.2% of Figma’s operating cash flow, compared with 35.9% for ServiceNow. Potential risks cited include Figma’s AI-related costs, competition and data-security exposure, and ServiceNow’s need to keep pace with AI, acquisition-integration challenges, and service outages or security breaches.
