Last 35 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Tenable Holdings, Inc.'s quarterly P/E stands at 352.4x.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -71.80 | 352.40 | — | 394.05 | — | — | 651.99 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.47 | 1.90 | 2.69 | 3.48 | 4.12 | 4.39 | 5.17 | 5.32 | 5.84 | 6.73 | 6.30 | 6.44 | 6.43 |
| — | -56.8% | -48.1% | -34.5% | -29.6% | -34.7% | -17.9% | -17.5% | -9.1% | -6.0% | +8.2% | +15.7% | -16.2% | |
| P/B Ratio | 7.93 | 8.02 | 8.58 | 10.20 | 11.61 | 10.96 | 12.19 | 11.94 | 14.23 | 16.19 | 15.52 | 15.12 | 15.94 |
| — | -26.8% | -29.7% | -14.5% | -18.4% | -32.3% | -21.4% | -21.0% | -10.7% | -12.7% | -2.2% | +0.8% | -24.9% | |
| P/FCF | 9.69 | 5.83 | 8.07 | 16.58 | 26.71 | 12.99 | 15.47 | 22.90 | 45.11 | 30.82 | 37.59 | 32.21 | 45.27 |
| — | -55.1% | -47.8% | -27.6% | -40.8% | -57.9% | -58.8% | -28.9% | -0.3% | -14.9% | -6.7% | +4.2% | -7.5% | |
| EV / EBITDA | 63.60 | 26.48 | 22.81 | 67.50 | 319.40 | — | 57.14 | 189.75 | — | — | — | — | — |
| — | — | -60.1% | -64.4% | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 2285.41 | 50.63 | 30.40 | 24.51 | — | — | 77.02 | 288.61 | — | — | — | — | — |
| — | — | -60.5% | -91.5% | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Tenable Holdings, Inc.'s operating margin was 4.3% in Q1 2026, down 3.1 pp QoQ and up 11.7 pp YoY. The trailing four-quarter average of 2.9% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.1% | 78.4% | 78.8% | 77.5% | 78.0% | 78.1% | 78.2% | 77.8% | 77.9% | 77.3% | 77.1% | 77.3% | 77.7% |
| — | +0.4% | +0.8% | -0.3% | +0.1% | +0.9% | +1.4% | +0.6% | +0.3% | +1.9% | +2.2% | -0.8% | -0.5% | |
| Operating Margin | 0.1% | 4.3% | 7.4% | 2.8% | -3.0% | -7.4% | 5.5% | -0.9% | -4.0% | -4.1% | -6.7% | -3.9% | -5.5% |
| — | +157.8% | +34.1% | +408.2% | +24.4% | -79.1% | +181.8% | +76.6% | +27.7% | +59.2% | +11.9% | +47.0% | +61.0% | |
| Net Margin | -3.6% | 0.5% | -0.3% | 0.9% | -5.9% | -9.6% | 0.8% | -4.1% | -6.6% | -6.7% | -10.1% | -7.7% | -8.2% |
| — | +105.6% | -135.7% | +122.1% | +9.7% | -44.0% | +107.8% | +47.5% | +19.6% | +49.9% | +12.8% | +27.9% | +51.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.9% | 0.5% | -0.2% | 0.7% | -4.0% | -5.9% | 0.5% | -2.4% | -4.0% | -4.1% | -6.3% | -4.7% | -5.3% |
| — | +108.4% | -147.3% | +127.1% | +0.6% | -43.6% | +107.4% | +49.3% | +23.5% | +54.3% | +22.5% | +37.2% | +55.5% | |
| ROA | -2.1% | 0.1% | -0.0% | 0.1% | -0.9% | -1.3% | 0.1% | -0.6% | -0.9% | -0.9% | -1.4% | -1.0% | -1.1% |
| — | +106.3% | -139.2% | +123.8% | +5.3% | -47.3% | +108.0% | +44.9% | +16.2% | +48.3% | +10.3% | +27.1% | +49.5% | |
| ROIC | 0.2% | 1.5% | 2.4% | 0.9% | -1.0% | -2.5% | 2.0% | -0.3% | -1.3% | -1.3% | -2.6% | -1.8% | -2.3% |
| — | +159.4% | +23.4% | +401.7% | +23.5% | -93.1% | +176.1% | +83.0% | +44.7% | +66.6% | +4.5% | +28.7% | +51.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Tenable Holdings, Inc.'s Debt/EBITDA ratio is 19.6x, up from 13.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 25.1% YoY to 0.78x, tightening the short-term liquidity position. Debt/Equity has risen for 7 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.43 | 1.69 | 1.43 | 1.21 | 1.20 | 1.09 | 1.06 | 1.01 | 1.13 | 1.15 | 1.19 | 1.21 | 1.33 |
| — | +54.3% | +35.1% | +19.8% | +5.5% | -5.0% | -11.5% | -16.7% | -15.1% | -20.2% | -23.1% | -25.6% | -24.6% | |
| Debt / EBITDA | 10.79 | 19.56 | 13.81 | 29.83 | 124.09 | — | 19.42 | 62.76 | — | — | — | — | — |
| — | — | -28.9% | -52.5% | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.95 | 0.78 | 0.95 | 0.87 | 0.94 | 1.04 | 1.27 | 1.28 | 1.21 | 1.23 | 1.19 | 1.62 | 1.48 |
| — | -25.1% | -25.3% | -32.0% | -22.3% | -15.3% | +6.9% | -20.6% | -18.0% | -18.9% | -18.8% | +7.2% | +0.7% | |
| Quick Ratio | 0.95 | 0.78 | 0.95 | 0.87 | 0.94 | 1.04 | 1.27 | 1.28 | 1.21 | 1.23 | 1.19 | 1.62 | 1.48 |
| — | -25.1% | -25.3% | -32.0% | -22.3% | -15.3% | +6.9% | -20.6% | -18.0% | -18.9% | -18.8% | +7.2% | +0.7% | |
| Interest Coverage | 0.19 | 1.75 | 1.19 | 1.08 | -0.47 | -1.76 | 2.13 | 0.52 | -0.34 | -0.57 | -1.18 | -0.83 | -0.66 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 35 years · Updated daily
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Tenable Holdings, Inc.'s current P/E is -71.8x. The average P/E over the last 2 quarters is 373.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Tenable Holdings, Inc.'s current operating margin is 0.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Tenable Holdings, Inc.'s business trajectory between earnings reports.