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Tenable Valuation Multiples

Discover revenue and EBITDA valuation multiples for Tenable and similar public comparables like FirstWave, archTIS, and Qoria.

Tenable Overview

About Tenable

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.


Founded

2015

HQ

United States of America
Employees

1.9K+

Website

tenable.com

Financials

LTM Revenue $931M

LTM EBITDA $211M

EV

$3.9B

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Tenable Financials

Tenable has a last 12-month revenue (LTM) of $931M and a last 12-month EBITDA of $211M.

In the most recent fiscal year, Tenable achieved revenue of $900M and an EBITDA of $46.2M.

Tenable expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Tenable P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $931M XXX $900M XXX XXX XXX
Gross Profit $758M XXX $700M XXX XXX XXX
Gross Margin 81% XXX 78% XXX XXX XXX
EBITDA $211M XXX $46.2M XXX XXX XXX
EBITDA Margin 23% XXX 5% XXX XXX XXX
EBIT $195M XXX -$0.8M XXX XXX XXX
EBIT Margin 21% XXX 0% XXX XXX XXX
Net Profit $169M XXX -$36.3M XXX XXX XXX
Net Margin 18% XXX -4% XXX XXX XXX
Net Debt XXX XXX $28.1M XXX XXX XXX

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Tenable Stock Performance

As of May 30, 2025, Tenable's stock price is $32.

Tenable has current market cap of $3.9B, and EV of $3.9B.

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Tenable Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$3.9B $3.9B XXX XXX XXX XXX $1.37

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Tenable Valuation Multiples

As of May 30, 2025, Tenable has market cap of $3.9B and EV of $3.9B.

Tenable's trades at 4.3x EV/Revenue multiple, and 84.1x EV/EBITDA.

Equity research analysts estimate Tenable's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Tenable has a P/E ratio of 23.3x.

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Tenable Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $3.9B XXX $3.9B XXX XXX XXX
EV (current) $3.9B XXX $3.9B XXX XXX XXX
EV/Revenue 4.2x XXX 4.3x XXX XXX XXX
EV/EBITDA 18.5x XXX 84.1x XXX XXX XXX
EV/EBIT 19.9x XXX -4946.8x XXX XXX XXX
EV/Gross Profit 5.1x XXX n/a XXX XXX XXX
P/E 23.3x XXX -108.3x XXX XXX XXX
EV/FCF 17.6x XXX 18.8x XXX XXX XXX

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Tenable Margins & Growth Rates

Tenable's last 12 month revenue growth is 8%

Tenable's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.4M for the same period.

Tenable's rule of 40 is 7% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Tenable's rule of X is 43% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Tenable Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 8% XXX 8% XXX XXX XXX
EBITDA Margin 23% XXX 5% XXX XXX XXX
EBITDA Growth 19% XXX n/a XXX XXX XXX
Rule of 40 7% XXX 13% XXX XXX XXX
Bessemer Rule of X XXX XXX 43% XXX XXX XXX
Revenue per Employee XXX XXX $0.5M XXX XXX XXX
Opex per Employee XXX XXX $0.4M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 44% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 20% XXX XXX XXX
Opex to Revenue XXX XXX 78% XXX XXX XXX

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Tenable Public Comps

See public comps and valuation multiples for Cybersecurity comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
archTIS XXX XXX XXX XXX XXX XXX
FirstWave XXX XXX XXX XXX XXX XXX
Prophecy International XXX XXX XXX XXX XXX XXX
Qoria XXX XXX XXX XXX XXX XXX
Quick Heal XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Tenable M&A and Investment Activity

Tenable acquired  XXX companies to date.

Last acquisition by Tenable was  XXXXXXXX, XXXXX XXXXX XXXXXX . Tenable acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Tenable

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Tenable

When was Tenable founded? Tenable was founded in 2015.
Where is Tenable headquartered? Tenable is headquartered in United States of America.
How many employees does Tenable have? As of today, Tenable has 1.9K+ employees.
Who is the CEO of Tenable? Tenable's CEO is Mr. Stephen A. Vintz.
Is Tenable publicy listed? Yes, Tenable is a public company listed on NAS.
What is the stock symbol of Tenable? Tenable trades under TENB ticker.
When did Tenable go public? Tenable went public in 2018.
Who are competitors of Tenable? Similar companies to Tenable include e.g. archTIS, FirstWave, Prophecy International, Qoria.
What is the current market cap of Tenable? Tenable's current market cap is $3.9B
What is the current revenue of Tenable? Tenable's last 12 months revenue is $931M.
What is the current revenue growth of Tenable? Tenable revenue growth (NTM/LTM) is 8%.
What is the current EV/Revenue multiple of Tenable? Current revenue multiple of Tenable is 4.2x.
Is Tenable profitable? Yes, Tenable is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Tenable? Tenable's last 12 months EBITDA is $211M.
What is Tenable's EBITDA margin? Tenable's last 12 months EBITDA margin is 23%.
What is the current EV/EBITDA multiple of Tenable? Current EBITDA multiple of Tenable is 18.5x.
What is the current FCF of Tenable? Tenable's last 12 months FCF is $222M.
What is Tenable's FCF margin? Tenable's last 12 months FCF margin is 24%.
What is the current EV/FCF multiple of Tenable? Current FCF multiple of Tenable is 17.6x.

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