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Gross Margin % is calculated as gross profit divided by its revenue. Tenable Holdings's Gross Profit for the three months ended in Mar. 2024 was $167.0 Mil. Tenable Holdings's Revenue for the three months ended in Mar. 2024 was $216.0 Mil. Therefore, Tenable Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 77.34%.
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:
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%.
Tenable Holdings had a gross margin of 77.34% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Tenable Holdings was -1.90% per year.
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.
Tenable Holdings Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Gross Margin % | Get a 7-Day Free Trial | 82.85 | 82.38 | 80.34 | 77.34 | 77.02 |
Tenable Holdings Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Gross Margin % | Get a 7-Day Free Trial | 75.90 | 77.69 | 77.30 | 77.12 | 77.34 |
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.
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.
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 Mar. 2024 is calculated as
Gross Margin % (Q: Mar. 2024 ) | = | Gross Profit (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 167 | / | 215.961 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (215.961 - 48.932) | / | 215.961 | |
= | 77.34 % |
* 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.
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 77.34% for the quarter that ended in Mar. 2024 => 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.
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.
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 |
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