Superworth

Tenable TENB

Software - Infrastructure, Technology
$44.59
+6.17%
Market cap
$4.9B
PE
n/m
a sliver of earnings
Forward PE
n/m
not a meaningful number
Price to sales
4.7×
EV/EBIT
125×
Revenue, 12 months
$1B
+10% on a year ago
Net margin
0.6%
Free cash flow yield
5.4%

Tenable trades at 4.7× sales. Tenable's PE is not meaningful: its earnings over the last year are a sliver against its price. Revenue was $1B over the last twelve months, up 10% on a year earlier with a 1% net margin.

Charts

Financials

Income statement for TENB, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$201.5M+15%$213.3M+16%$216M+14%$221.2M+13%$227.1M+13%$235.7M+11%$239.1M+11%$247.3M+12%$252.4M+11%$260.5M+11%$262.1M+10%$268.5M+9%
Cost of revenue$45.8M+19%$48.8M+8%$48.9M+8%$48.8M+12%$50.5M+10%$51.4M+5%$52.5M+7%$54.4M+12%$56.8M+12%$55.3M+8%$56.7M+8%$60.3M+11%
Gross profit$155.8M+14%$164.5M+18%$167M+17%$172.4M+14%$176.6M+13%$184.3M+12%$186.7M+12%$192.9M+12%$195.7M+11%$205.2M+11%$205.4M+10%$208.2M+8%
R&D$37.1M+3%$40.1M+9%$43.7M+15%$45.1M+19%$48M+30%$44.7M+12%$53.2M+22%$59.2M+31%$56.3M+17%$54.9M+23%$55.8M+5%$57M−4%
SG&A$126.6M+12%$134.3M+15%$130.8M+5%$131.4M+6%$130.7M+3%$126.6M−6%$151.2M+16%$141.1M+7%$132.3M+1%$138.3M+9%$138.4M−8%$138.2M−2%
−$7.9M−39%−$14.3M+2%−$8.9M−53%−$8.8M−18%−$2.1M−74%$13M−$17.7M+98%−$7.4M−16%$7.1M$8.9M−32%$8.8M$12.4M
Interest expense$8.1M+60%$8.1M+20%$8.1M+11%$8.1M+4%$8.1M+0%$7.6M−7%$7M−14%$7.1M−12%$7.2M−12%$7.1M−7%$6.4M−9%$6.4M−10%
Pre-tax income−$14.9M−19%−$17.7M+3%−$12.7M−42%−$10.8M−16%−$3.9M−74%$8.5M−$19.3M+52%−$10.5M−3%$2.8M$4.1M−53%$5.1M$6.9M
$693K+65%$3.9M−9%$1.7M−47%$3.7M+21%$5.3M+669%$6.7M+70%$3.6M+118%$4.2M+13%$550K−90%$4.8M−28%$3.7M+2%$3.1M−26%
Net income−$15.6M−17%−$21.6M+1%−$14.4M−43%−$14.6M−9%−$9.2M−41%$1.9M−$22.9M+59%−$14.7M+1%$2.3M−$737K$1.4M$3.8M
−$0.13−24%−$0.19+0%−$0.12−46%−$0.12−14%−$0.08−39%$0.02−$0.19+58%−$0.12+0%$0.02−$0.01$0.01$0.03
116M+4%116.7M+4%117.5M+3%118.7M+3%119.2M+3%119.8M+3%120.1M+2%121M+2%122M+2%119M−1%117.7M−2%113.8M−6%

Revenue: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.

Cost of revenue: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.

Gross profit: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.

R&D: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.

SG&A: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.

Operating income: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.

Pre-tax income: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.

Income tax: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.

Net income: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.

EPS, diluted: 7 periods, Q1 FY17 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q1 FY17: share-days: the 6-month average less the second quarter's. 8 periods, Q4 FY17 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Software - Infrastructure nearest Tenable's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
TENBTenable$4.9Bn/mn/a4.7×+10%0.6%
WKWorkiva$4.7B103×197×4.8×+20%4.9%
BBBLACKBERRY$5.2B74.3×102×8.5×+14%13.1%
PSNParsons$5.2B33.8×47.1×0.8×−6%2.5%
CCCCCC Intelligent Solutions$4.5B95.9×164×4.1×+12%3.8%
WAYWaystar$5.5B41.2×45.6×4.6×+19%11.2%
QTWOQ2$4.3B49.6×49.6×5.1×+14%10.9%
ACIWACI Worldwide$5.6B25.6×32.6×3.1×+7%12.4%
BOXBox$5.9B62.6×40.7×4.8×+10%10.6%
FRSHFreshworks$4B24.2×15.9×4.5×+16%20.5%
SAICScience Applications International$6.1B17.0×19.7×0.8×−1%5.1%
Peer median$5.2B45.4×46.4×4.5×+13%10.7%

More on Tenable

Each number over time

Its groups

About

Industry
Software - Infrastructure
Sector
Technology

Valuation data, not investment advice. Prices as of .