Tenable Holdings (Tenable Holdings) Gross Margin % : 77.12% (As of Dec. 2023)

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What is Tenable Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tenable Holdings's Gross Profit for the three months ended in Dec. 2023 was $164.5 Mil. Tenable Holdings's Revenue for the three months ended in Dec. 2023 was $213.3 Mil. Therefore, Tenable Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 77.12%.

Warning Sign:

Tenable Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -1.9%.

The historical rank and industry rank for Tenable Holdings's Gross Margin % or its related term are showing as below:

TENB' s Gross Margin % Range Over the Past 10 Years
Min: 77.02 Med: 82.62 Max: 88.57
Current: 77.02

During the past 8 years, the highest Gross Margin % of Tenable Holdings was 88.57%. The lowest was 77.02%. And the median was 82.62%.

TENB's Gross Margin % is ranked better than
84.59% of 2628 companies
in the Software industry
Industry Median: 41.685 vs TENB: 77.02

Tenable Holdings had a gross margin of 77.12% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tenable Holdings was -1.90% per year.

Tenable Holdings Gross Margin % Historical Data

The historical data trend for Tenable Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tenable Holdings Gross Margin % Chart

Tenable Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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82.85

82.38

80.34

77.34

77.02

Tenable Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															75.50	75.90	77.69	77.30	77.12

Competitive Comparison of Tenable Holdings's Gross Margin %

For the Software - Infrastructure subindustry, Tenable Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tenable Holdings's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, Tenable Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tenable Holdings's Gross Margin % falls into.

Tenable Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Tenable Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	615.1	/	798.71
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(798.71 - 183.577)	/	798.71
	=	77.02 %

Tenable Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	164.5	/	213.306
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(213.306 - 48.803)	/	213.306
	=	77.12 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Tenable Holdings (NAS:TENB) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Tenable Holdings had a gross margin of 77.12% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Tenable Holdings Gross Margin % Related Terms

Thank you for viewing the detailed overview of Tenable Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tenable Holdings (Tenable Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tenable Holdings Inc (NAS:TENB) » Definitions » Gross Margin %

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Traded in Other Exchanges

TENB:Mexico TE7:Germany

Address

6100 Merriweather Drive, Columbia, MD, USA, 21044

Website

https://www.tenable.com

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.

Executives

Amit Yoran	director, officer: President, CEO and Chairman	C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Mark C. Thurmond	officer: Chief Operating Officer	C/O TENABLE HOLDINGS, INC.0, 6100 MERRIWEATHER DRIVE, 12TH FLOOR, COLUMBIA MD 21044
Stephen A Vintz	officer: Chief Financial Officer	4296 FORBES BOULEVARD, LANHAM MD 20706
Linda Kay Zecher	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Margaret M Keane	director	777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Raymond Jr. Vicks	director	C/O ACCESS GOHEALTH ONDEMAND, INC., 5555 GLENRIDGE CONNECTOR, SUITE 700, ATLANTA GA 30342
George Alex Tosheff	director	23 CORPORATE PLAZA, SUITE 280, NEWPORT BEACH CA 92660
Coviello Arthur W Jr	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Stephen A Riddick	officer: General Counsel & Secretary	C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Jerry M Kennelly	director	199 FREMONT STREET, SAN FRANCISCO CA 94105
Niloofar Razi Howe	director	C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Ping Li	director, 10 percent owner	428 UNIVERSITY AVENUE, PALO ALTO CA 94301
Kimberly Hammonds	director	100 EAST DAVIE STREET, RALEIGH NC 27601
Insight Holdings Group, Llc	10 percent owner	1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Ivp Gp (venice), Llc	10 percent owner	PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104