COMP <GO>
TENB vs BRZE // FORWARD P/E MULTIPLE
Tenable Holdings Inc. (NASDAQ) VS. Braze Inc. (NASDAQ) • 15-METRIC TALLY: TENB 7
— BRZE 5
▲ FORWARD P/E MULTIPLE LEADER: TENB
LAST: $47.45 (-6.50%) • MKT CAP: $5.59B
forward-pe
28.0x
LAST: $45.67 (-0.17%) • MKT CAP: $5.20B
forward-pe
36.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (TENB VS. BRZE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | TENB | BRZE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 78.10% | 67.10% | +11.00 | TENB | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -1.00% | -16.20% | +15.20 | TENB | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 4.47% | 1.19% | +3.28 | TENB | /fcf-yield <GO> |
| Operating Margin | -0.90% | -19.60% | +18.70 | TENB | /operating-margins <GO> |
| Net Profit Margin | -3.60% | -17.80% | +14.20 | TENB | /net-margins <GO> |
| Revenue Growth (YoY) | 11.00% | 24.40% | -13.40 | BRZE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.22 | 5.87 | -3.65 | BRZE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 7/9 | -1.00 | BRZE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 70.5 | 83.2 | -12.70 | BRZE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.19 | 1.21 | -0.02 | BRZE | /macro-sensitivity <GO> |
| Forward P/E Multiple ACTIVE | 28.0x | 36.0x | -8.00 | TENB | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.59B | $5.20B | $393.1M | TENB | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | TENB REV | BRZE REV | TENB GROSS % | BRZE GROSS % | TENB FCF | BRZE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $999.4M | $738.2M | 78.1% | 67.1% | $254.6M | $61.9M |
| FY 2024 | $900.0M | $593.4M | 77.8% | 69.1% | $213.2M | $23.4M |
| FY 2023 | $798.7M | $471.8M | — | — | $113.9M | -$14.4M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
TENB // BETA 1.19
BRZE // BETA 1.21