Paymentus Holdings, Inc. (PAY) vs Tenable Holdings, Inc. (TENB)

Paymentus Holdings, Inc. and Tenable Holdings, Inc. are both Software Infrastructure companies. Paymentus Holdings, Inc. and Tenable Holdings, Inc. are of similar size ($4.0B and $3.9B). Paymentus Holdings, Inc. trades at the lower P/E: 45.0× against 631×. Paymentus Holdings, Inc. grew revenue faster over the last twelve months: 30.2% against 9.93%. Paymentus Holdings, Inc. has the higher net margin (6.24% vs 0.65%) and the higher return on invested capital (27.6% vs 9.16%). Across the 22 metrics below, Paymentus Holdings, Inc. leads on 18 and Tenable Holdings, Inc. on 4.

Valuation

Metric PAY TENB Software Infrastructure median
P/E 45.03 631.07 28.02
P/S 2.79 3.56 3.07
P/B 6.19 18.70 3.36
Price to free cash flow 31.35 14.59 17.12
EV/EBITDA 23.29 47.99 14.91
EV/Sales 2.51 3.61 3.03
Earnings yield 2.22% 0.16% 0.13%
Free cash flow yield 3.19% 6.85% 1.15%

Profitability

Metric PAY TENB Software Infrastructure median
Gross margin 24.95% 78.05% 61.23%
Operating margin 7.58% 3.56% 0.00%
Net margin 6.24% 0.65% 0.00%
Free cash flow margin 8.92% 24.37% 1.67%
Return on equity 15.02% 2.46% 0.59%
Return on assets 12.71% 0.42% 0.00%
Return on invested capital 27.57% 9.16% 0.00%

Growth

Metric PAY TENB Software Infrastructure median
Revenue growth (TTM) 30.21% 9.93% 13.41%
EPS growth (last fiscal year) 48.57% 3.23% —
Revenue growth, 5-year CAGR 31.72% 17.82% 15.81%
Net income growth, 5-year CAGR 51.01% 0.00% 0.00%

Health

Metric PAY TENB Software Infrastructure median
Debt to equity 0.00 1.78 0.06
Current ratio 4.89 0.79 1.55
Net debt to EBITDA (2.68) (1.54) 0.08

Dividend

Metric PAY TENB Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric PAY TENB Software Infrastructure median
Market cap 3.90b 3.95b 835.96m

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