AppFolio, Inc. vs Tenable Holdings, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsVertical SaaS
Data as of Q2 2026
Summary Verdict
APPF: 4—TENB: 1wins
Rule of 40
40.6APPF
39.2TENB
check_circleAPPF leads
Revenue Growth
29.5%APPF
14.5%TENB
check_circleAPPF leads
Gross Margin
87%APPF
78%TENB
check_circleAPPF leads
FCF Margin
11.2%APPF
24.7%TENB
check_circleTENB leads
Operating Margin
17.4%APPF
2.0%TENB
check_circleAPPF leads
NRR
—APPF
—TENB
Metric
Rule of 40Efficiency score
APPF
40.6check_circle
TENB
39.2
Revenue GrowthYoY
APPF
29.5%check_circle
TENB
14.5%
Gross Margin% of revenue
APPF
87%check_circle
TENB
78%
FCF MarginFree cash flow
APPF
11.2%
TENB
24.7%check_circle
Operating MarginGAAP
APPF
17.4%check_circle
TENB
2.0%
NRRNet retention
APPF
N/A
TENB
N/A
EV / RevenueValuation multiple
APPF
7.3x
TENB
N/A
Market CapUSD
APPF
$7.4B
TENB
N/A
ARR GrowthYoY
APPF
N/A
TENB
N/A
CAC PaybackMonths to recover
APPF
N/A
TENB
N/A
insights
Analysis
As of Q2 2026, AppFolio, Inc. trades at 7.3x EV/Revenue versus Tenable Holdings, Inc. at N/A. On the Rule of 40, AppFolio, Inc. scores 40.6 compared to Tenable Holdings, Inc.'s 39.2, placing AppFolio, Inc. ahead in operating efficiency. Gross margins stand at AppFolio, Inc. 87% vs Tenable Holdings, Inc. 78%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.