analyticsLow-Code / No-Code
Data as of Q1 2026
Summary Verdict
APPN: 2—PEGA: 3wins
Rule of 40
28.7APPN
50.2PEGA
check_circlePEGA leads
Revenue Growth
17.7%APPN
11.6%PEGA
check_circleAPPN leads
Gross Margin
75%APPN
75%PEGA
check_circleAPPN leads
FCF Margin
11.0%APPN
38.6%PEGA
check_circlePEGA leads
Operating Margin
0.6%APPN
11.7%PEGA
check_circlePEGA leads
NRR
—APPN
—PEGA
Metric
Rule of 40Efficiency score
APPN
28.7
PEGA
50.2check_circle
Revenue GrowthYoY
APPN
17.7%check_circle
PEGA
11.6%
Gross Margin% of revenue
APPN
75%check_circle
PEGA
75%
FCF MarginFree cash flow
APPN
11.0%
PEGA
38.6%check_circle
Operating MarginGAAP
APPN
0.6%
PEGA
11.7%check_circle
NRRNet retention
APPN
N/A
PEGA
N/A
EV / RevenueValuation multiple
APPN
2.6xcheck_circle
PEGA
3.4x
Market CapUSD
APPN
$1.7B
PEGA
$6.0Bcheck_circle
ARR GrowthYoY
APPN
N/A
PEGA
N/A
CAC PaybackMonths to recover
APPN
N/A
PEGA
N/A
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insights
Analysis
As of Q1 2026, Appian Corporation trades at 2.6x EV/Revenue versus Pegasystems Inc. at 3.4x. On the Rule of 40, Appian Corporation scores 28.7 compared to Pegasystems Inc.'s 50.2, placing Pegasystems Inc. ahead in operating efficiency. Gross margins stand at Appian Corporation 75% vs Pegasystems Inc. 75%.
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.