DV vs. APPN

Last updated Apr 2, 2026

Compare and contrast key facts about DoubleVerify Holdings, Inc. (DV) and Appian Corporation (APPN).

Performance

DV vs. APPN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleVerify Holdings, Inc. (DV) and Appian Corporation (APPN). The values are adjusted to include any dividend payments, if applicable.

DV vs. APPN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DV DoubleVerify Holdings, Inc.	-14.51%	-40.45%	-47.77%	67.49%	-34.01%	-7.56%
APPN Appian Corporation	-32.10%	7.40%	-12.43%	15.66%	-50.07%	-47.53%

Fundamentals

Market Cap DV : $1.63B APPN : $1.78B
EPS DV : $0.30 APPN : $0.02
PE Ratio DV : 32.17 APPN : 1.45K
PS Ratio DV : 2.18 APPN : 2.46
Total Revenue (TTM) DV : $748.29M APPN : $726.94M
Gross Profit (TTM) DV : $614.79M APPN : $542.90M
EBITDA (TTM) DV : $141.02M APPN : $32.72M

Returns By Period

In the year-to-date period, DV achieves a -14.51% return, which is significantly higher than APPN's -32.10% return.

DV

• 1D: 2.95%
• 1M: -6.68%
• YTD: -14.51%
• 6M: -13.37%
• 1Y: -27.61%
• 3Y*: -31.29%
• 5Y*: —
• 10Y*: —

APPN

• 1D: -0.25%
• 1M: -8.90%
• YTD: -32.10%
• 6M: -21.48%
• 1Y: -16.81%
• 3Y*: -18.47%
• 5Y*: -29.42%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DV vs. APPN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DV

DV Risk / Return Rank: 17
DV Sharpe Ratio Rank: 14
DV Sortino Ratio Rank: 15
DV Omega Ratio Rank: 15
DV Calmar Ratio Rank: 21
DV Martin Ratio Rank: 21

APPN

APPN Risk / Return Rank: 27
APPN Sharpe Ratio Rank: 27
APPN Sortino Ratio Rank: 25
APPN Omega Ratio Rank: 26
APPN Calmar Ratio Rank: 30
APPN Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DV vs. APPN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleVerify Holdings, Inc. (DV) and Appian Corporation (APPN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DV	APPN	Difference
Sharpe ratio Return per unit of total volatility	-0.63	-0.31	-0.32
Sortino ratio Return per unit of downside risk	-0.71	-0.14	-0.56
Omega ratio Gain probability vs. loss probability	0.91	0.98	-0.08
Calmar ratio Return relative to maximum drawdown	-0.59	-0.32	-0.26
Martin ratio Return relative to average drawdown	-1.05	-0.74	-0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DV vs. APPN - Sharpe Ratio Comparison

The current DV Sharpe Ratio is -0.63, which is lower than the APPN Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of DV and APPN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DV	APPN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.63	-0.31	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	0.08	-0.52

Correlation

The correlation between DV and APPN is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DV vs. APPN - Dividend Comparison

Neither DV nor APPN has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DV vs. APPN - Drawdown Comparison

The maximum DV drawdown since its inception was -81.19%, smaller than the maximum APPN drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for DV and APPN.

Drawdown Indicators

	DV	APPN	Difference
Max Drawdown Largest peak-to-trough decline	-81.19%	-90.49%	+9.30%
Max Drawdown (1Y) Largest decline over 1 year	-45.61%	-50.96%	+5.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-85.00%	—
Current Drawdown Current decline from peak	-79.22%	-89.78%	+10.56%
Average Drawdown Average peak-to-trough decline	-46.83%	-53.63%	+6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.52%	22.44%	+3.08%

Volatility

DV vs. APPN - Volatility Comparison

DoubleVerify Holdings, Inc. (DV) and Appian Corporation (APPN) have volatilities of 10.30% and 10.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DV	APPN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.30%	10.20%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	32.49%	42.15%	-9.66%
Volatility (1Y) Calculated over the trailing 1-year period	43.97%	54.17%	-10.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.27%	61.67%	-8.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.27%	65.83%	-12.56%

Financials

DV vs. APPN - Profitability Comparison

The chart below illustrates the profitability comparison between DoubleVerify Holdings, Inc. and Appian Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, DoubleVerify Holdings, Inc. reported a gross profit of 169.65M and revenue of 205.59M. Therefore, the gross margin over that period was 82.5%.

APPN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Appian Corporation reported a gross profit of 146.97M and revenue of 202.87M. Therefore, the gross margin over that period was 72.4%.

DV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, DoubleVerify Holdings, Inc. reported an operating income of 37.78M and revenue of 205.59M, resulting in an operating margin of 18.4%.

APPN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Appian Corporation reported an operating income of -687.00K and revenue of 202.87M, resulting in an operating margin of -0.3%.

DV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, DoubleVerify Holdings, Inc. reported a net income of 29.33M and revenue of 205.59M, resulting in a net margin of 14.3%.

APPN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Appian Corporation reported a net income of -5.10M and revenue of 202.87M, resulting in a net margin of -2.5%.