analyticsVertical SaaS
Data as of Q4 2025
Summary Verdict
TENB: 1—APPF: 4wins
Rule of 40
36.5TENB
46.3APPF
check_circleAPPF leads
Revenue Growth
11.0%TENB
21.5%APPF
check_circleAPPF leads
Gross Margin
78%TENB
84%APPF
check_circleAPPF leads
FCF Margin
25.5%TENB
24.8%APPF
check_circleTENB leads
Operating Margin
-0.9%TENB
15.8%APPF
check_circleAPPF leads
NRR
—TENB
—APPF
Metric
Rule of 40Efficiency score
TENB
36.5
APPF
46.3check_circle
Revenue GrowthYoY
TENB
11.0%
APPF
21.5%check_circle
Gross Margin% of revenue
TENB
78%
APPF
84%check_circle
FCF MarginFree cash flow
TENB
25.5%check_circle
APPF
24.8%
Operating MarginGAAP
TENB
-0.9%
APPF
15.8%check_circle
NRRNet retention
TENB
N/A
APPF
N/A
EV / RevenueValuation multiple
TENB
N/A
APPF
6.3x
Market CapUSD
TENB
N/A
APPF
$6.1B
ARR GrowthYoY
TENB
N/A
APPF
N/A
CAC PaybackMonths to recover
TENB
N/A
APPF
N/A
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insights
Analysis
As of Q4 2025, Tenable Holdings, Inc. trades at N/A EV/Revenue versus AppFolio, Inc. at 6.3x. On the Rule of 40, Tenable Holdings, Inc. scores 36.5 compared to AppFolio, Inc.'s 46.3, placing AppFolio, Inc. ahead in operating efficiency. Gross margins stand at Tenable Holdings, Inc. 78% vs AppFolio, Inc. 84%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.