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