Appian Corporation vs Pegasystems Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsLow-Code / No-Code
Data as of Q2 2026
Summary Verdict
APPN: 2—PEGA: 3wins
Rule of 40
34.1APPN
47.9PEGA
check_circlePEGA leads
Revenue Growth
23.7%APPN
8.0%PEGA
check_circleAPPN leads
Gross Margin
74%APPN
73%PEGA
check_circleAPPN leads
FCF Margin
10.5%APPN
39.9%PEGA
check_circlePEGA leads
Operating Margin
-0.0%APPN
5.3%PEGA
check_circlePEGA leads
NRR
—APPN
—PEGA
Metric
Rule of 40Efficiency score
APPN
34.1
PEGA
47.9check_circle
Revenue GrowthYoY
APPN
23.7%check_circle
PEGA
8.0%
Gross Margin% of revenue
APPN
74%check_circle
PEGA
73%
FCF MarginFree cash flow
APPN
10.5%
PEGA
39.9%check_circle
Operating MarginGAAP
APPN
-0.0%
PEGA
5.3%check_circle
NRRNet retention
APPN
N/A
PEGA
N/A
EV / RevenueValuation multiple
APPN
3.8x
PEGA
3.4xcheck_circle
Market CapUSD
APPN
$2.8B
PEGA
$5.8Bcheck_circle
ARR GrowthYoY
APPN
N/A
PEGA
N/A
CAC PaybackMonths to recover
APPN
N/A
PEGA
N/A
insights
Analysis
As of Q2 2026, Appian Corporation trades at 3.8x EV/Revenue versus Pegasystems Inc. at 3.4x. On the Rule of 40, Appian Corporation scores 34.1 compared to Pegasystems Inc.'s 47.9, placing Pegasystems Inc. ahead in operating efficiency. Gross margins stand at Appian Corporation 74% vs Pegasystems Inc. 73%.
Sector Context
Both companies operate in the Low-Code / No-Code sector. The median columns above show where each company stands relative to their peers.