Tenable Holdings, Inc.
$3.77B- Market cap
- $3.77B
- Debt
- +$398.58M
- Cash
- −$402.18M
Capital structure 90% equity / 10% debt · EV / Revenue 3.77x · EV / EBITDA 120.21x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: TENB stock price near parity vs VNO $34.25 current versus $34.24 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at VNO's multiple
Implied fair value · at TENB's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: TENB FY 2025 (ended Dec 31, 2025) · VNO FY 2025 (ended Dec 31, 2025).
Trendline
Ten fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 90% equity / 10% debt · EV / Revenue 3.77x · EV / EBITDA 120.21x
Capital structure 75% equity / 25% debt · EV / Revenue 4.56x · EV / EBITDA 6.60x
VNO carries the larger enterprise value at $8.26B against $3.77B; TENB trades on the lower EV / Revenue multiple (3.77x vs 4.56x); VNO on the lower EV / EBITDA (6.60x vs 120.21x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
TENABLE HOLDINGS, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Vornado Realty Trust · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.22x
0.38x
Net debt / EBITDA
Leverage against operating earnings
-0.11x
1.14x
Cash and equivalents
Liquid reserves on the balance sheet
$402.18M
$840.85M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
CrowdStrike Holdings, Inc.
TENB vs CRWD
Okta, Inc.
TENB vs OKTA
QUALYS, INC.
TENB vs QLYS
SentinelOne, Inc.
TENB vs S
Empire State Realty Trust, Inc.
TENB vs ESRT
COSTAR GROUP, INC.
TENB vs CSGP
WELLTOWER INC.
TENB vs WELL
UDR, Inc.
TENB vs UDR
SL GREEN REALTY CORP
TENB vs SLG
Prologis, Inc.
TENB vs PLD
$398.58M
$2.26B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.