Core Scientific, Inc. (CORZ) vs Tenable Holdings, Inc. (TENB)

Core Scientific, Inc. and Tenable Holdings, Inc. are both Software Infrastructure companies. Core Scientific, Inc. and Tenable Holdings, Inc. are of similar size ($4.6B and $4.3B). Core Scientific, Inc. has negative trailing earnings, so its P/E is not meaningful; Tenable Holdings, Inc. trades at 701×. Core Scientific, Inc. grew revenue faster over the last twelve months: 26.4% against 9.93%. Tenable Holdings, Inc. has the higher net margin (0.65% vs −487.8%) and the higher return on invested capital (9.16% vs 0.00%). Across the 17 metrics below, Tenable Holdings, Inc. leads on 10 and Core Scientific, Inc. on 7.

Valuation

Metric CORZ TENB Software Infrastructure median
P/E n/m 700.57 28.38
P/S 9.96 3.95 2.98
P/B n/m 20.76 2.93
Price to free cash flow n/m 16.20 16.28
EV/EBITDA n/m 53.19 13.92
EV/Sales 15.33 4.00 2.90
Earnings yield (31.45%) 0.14% 0.14%
Free cash flow yield (27.24%) 6.17% 1.24%

Profitability

Metric CORZ TENB Software Infrastructure median
Gross margin 28.35% 78.05% 61.00%
Operating margin (127.45%) 3.56% 0.00%
Net margin (487.78%) 0.65% 0.00%
Free cash flow margin (271.34%) 24.37% 1.67%
Return on equity 123.29% 2.46% 0.60%
Return on assets (59.37%) 0.42% 0.00%
Return on invested capital 0.00% 9.16% 0.00%

Growth

Metric CORZ TENB Software Infrastructure median
Revenue growth (TTM) 26.37% 9.93% 13.41%
EPS growth (last fiscal year) 79.95% 3.23% 27.10%
Revenue growth, 5-year CAGR 39.53% 17.82% 15.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CORZ TENB Software Infrastructure median
Debt to equity (1.78) 1.78 0.05
Current ratio 0.89 0.79 1.55
Net debt to EBITDA (4.70) (1.54) 0.08

Dividend

Metric CORZ TENB Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric CORZ TENB Software Infrastructure median
Market cap 4.64b 4.33b 752.37m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack