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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and Tenable Holdings, Inc. (TENB). Click either name above to swap in a different company.

Tenable Holdings, Inc. is the larger business by last-quarter revenue ($262.1M vs $143.3M, roughly 1.8× Piedmont Realty Trust, Inc.). Tenable Holdings, Inc. runs the higher net margin — 0.5% vs -31.4%, a 31.9% gap on every dollar of revenue. On growth, Tenable Holdings, Inc. posted the faster year-over-year revenue change (9.6% vs 0.4%). Over the past eight quarters, Tenable Holdings, Inc.'s revenue compounded faster (8.8% CAGR vs 0.0%).

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

Tenable Holdings, Inc. is a cybersecurity company based in Columbia, Maryland. Its vulnerability scanner software Nessus, developed in 1998, is one of the most widely deployed vulnerability assessment solutions in the cybersecurity industry. As of December 31, 2023, the company had approximately 44,000 customers, including 65% of the Fortune 500.

PDM vs TENB — Head-to-Head

Bigger by revenue
TENB
TENB
1.8× larger
TENB
$262.1M
$143.3M
PDM
Growing faster (revenue YoY)
TENB
TENB
+9.2% gap
TENB
9.6%
0.4%
PDM
Higher net margin
TENB
TENB
31.9% more per $
TENB
0.5%
-31.4%
PDM
Faster 2-yr revenue CAGR
TENB
TENB
Annualised
TENB
8.8%
0.0%
PDM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PDM
PDM
TENB
TENB
Revenue
$143.3M
$262.1M
Net Profit
$-45.0M
$1.4M
Gross Margin
78.4%
Operating Margin
25.0%
Net Margin
-31.4%
0.5%
Revenue YoY
0.4%
9.6%
Net Profit YoY
-27.9%
EPS (diluted)
$-0.10
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PDM
PDM
TENB
TENB
Q1 26
$143.3M
$262.1M
Q4 25
$142.9M
$260.5M
Q3 25
$139.2M
$252.4M
Q2 25
$140.3M
$247.3M
Q1 25
$142.7M
$239.1M
Q4 24
$143.2M
$235.7M
Q3 24
$139.3M
$227.1M
Q2 24
$143.3M
$221.2M
Net Profit
PDM
PDM
TENB
TENB
Q1 26
$-45.0M
$1.4M
Q4 25
$-43.2M
$-737.0K
Q3 25
$-13.5M
$2.3M
Q2 25
$-16.8M
$-14.7M
Q1 25
$-10.1M
$-22.9M
Q4 24
$-30.0M
$1.9M
Q3 24
$-11.5M
$-9.2M
Q2 24
$-9.8M
$-14.6M
Gross Margin
PDM
PDM
TENB
TENB
Q1 26
78.4%
Q4 25
78.8%
Q3 25
77.5%
Q2 25
78.0%
Q1 25
78.1%
Q4 24
78.2%
Q3 24
77.8%
Q2 24
77.9%
Operating Margin
PDM
PDM
TENB
TENB
Q1 26
25.0%
Q4 25
3.4%
Q3 25
2.8%
Q2 25
-3.0%
Q1 25
-7.4%
Q4 24
5.5%
Q3 24
-0.9%
Q2 24
-4.0%
Net Margin
PDM
PDM
TENB
TENB
Q1 26
-31.4%
0.5%
Q4 25
-30.3%
-0.3%
Q3 25
-9.7%
0.9%
Q2 25
-12.0%
-5.9%
Q1 25
-7.1%
-9.6%
Q4 24
-20.9%
0.8%
Q3 24
-8.3%
-4.1%
Q2 24
-6.8%
-6.6%
EPS (diluted)
PDM
PDM
TENB
TENB
Q1 26
$-0.10
$0.01
Q4 25
$-0.34
$-0.01
Q3 25
$-0.11
$0.02
Q2 25
$-0.14
$-0.12
Q1 25
$-0.08
$-0.19
Q4 24
$-0.25
$0.01
Q3 24
$-0.09
$-0.08
Q2 24
$-0.08
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PDM
PDM
TENB
TENB
Cash + ST InvestmentsLiquidity on hand
$2.3M
$360.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$248.2M
Total Assets
$4.0B
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDM
PDM
TENB
TENB
Q1 26
$2.3M
$360.3M
Q4 25
$731.0K
$402.2M
Q3 25
$3.0M
$383.6M
Q2 25
$3.3M
$386.5M
Q1 25
$2.9M
$460.3M
Q4 24
$109.6M
$577.2M
Q3 24
$133.6M
$548.4M
Q2 24
$138.5M
$487.0M
Total Debt
PDM
PDM
TENB
TENB
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
PDM
PDM
TENB
TENB
Q1 26
$1.5B
$248.2M
Q4 25
$1.5B
$326.4M
Q3 25
$1.5B
$344.4M
Q2 25
$1.5B
$350.7M
Q1 25
$1.6B
$383.2M
Q4 24
$1.6B
$400.0M
Q3 24
$1.6B
$404.6M
Q2 24
$1.7B
$363.6M
Total Assets
PDM
PDM
TENB
TENB
Q1 26
$4.0B
$1.6B
Q4 25
$4.0B
$1.7B
Q3 25
$4.0B
$1.7B
Q2 25
$4.0B
$1.7B
Q1 25
$4.0B
$1.7B
Q4 24
$4.1B
$1.7B
Q3 24
$4.1B
$1.6B
Q2 24
$4.2B
$1.6B
Debt / Equity
PDM
PDM
TENB
TENB
Q1 26
Q4 25
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
1.40×
Q3 24
1.36×
Q2 24
1.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PDM
PDM
TENB
TENB
Operating Cash FlowLast quarter
$88.0M
Free Cash FlowOCF − Capex
$82.6M
FCF MarginFCF / Revenue
31.5%
Capex IntensityCapex / Revenue
110.3%
Cash ConversionOCF / Net Profit
62.21×
TTM Free Cash FlowTrailing 4 quarters
$256.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDM
PDM
TENB
TENB
Q1 26
$88.0M
Q4 25
$140.6M
$83.0M
Q3 25
$35.8M
$53.9M
Q2 25
$50.1M
$42.5M
Q1 25
$3.7M
$87.4M
Q4 24
$198.1M
$81.1M
Q3 24
$42.9M
$54.6M
Q2 24
$66.8M
$31.4M
Free Cash Flow
PDM
PDM
TENB
TENB
Q1 26
$82.6M
Q4 25
$82.7M
Q3 25
$53.0M
Q2 25
$38.1M
Q1 25
$80.9M
Q4 24
$78.8M
Q3 24
$53.9M
Q2 24
$30.9M
FCF Margin
PDM
PDM
TENB
TENB
Q1 26
31.5%
Q4 25
31.7%
Q3 25
21.0%
Q2 25
15.4%
Q1 25
33.8%
Q4 24
33.4%
Q3 24
23.7%
Q2 24
14.0%
Capex Intensity
PDM
PDM
TENB
TENB
Q1 26
110.3%
Q4 25
0.1%
Q3 25
0.3%
Q2 25
1.8%
Q1 25
2.7%
Q4 24
1.0%
Q3 24
0.3%
Q2 24
0.2%
Cash Conversion
PDM
PDM
TENB
TENB
Q1 26
62.21×
Q4 25
Q3 25
23.83×
Q2 25
Q1 25
Q4 24
43.43×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PDM
PDM

Segment breakdown not available.

TENB
TENB

Subscription revenue$243.2M93%
Perpetual license and maintenance revenue$10.2M4%
Other$8.7M3%

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