TENB vs. CYBR

Last updated Jun 9, 2026

TENB (Tenable Holdings, Inc.) and CYBR (CyberArk Software Ltd.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

TENB vs. CYBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tenable Holdings, Inc. (TENB) and CyberArk Software Ltd. (CYBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TENB

• 1D: -1.04%
• 1M: 26.25%
• YTD: 17.13%
• 6M: 4.08%
• 1Y: -16.15%
• 3Y*: -11.56%
• 5Y*: -8.20%
• 10Y*: —

CYBR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TENB vs. CYBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TENB Tenable Holdings, Inc.	17.13%	-40.25%	-14.50%	20.73%	-30.72%	5.38%	118.11%	7.98%	-32.76%
CYBR CyberArk Software Ltd.	-8.34%	33.89%	52.09%	68.95%	-25.18%	7.23%	38.61%	57.24%	9.74%

Correlation

The correlation between TENB and CYBR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018	0.60

The correlation between TENB and CYBR shifts across timeframes, from 0.40 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TENB : $3.24B CYBR : $20.69B
EPS TENB : -$0.10 CYBR : -$2.92
PS Ratio TENB : 3.22 CYBR : 15.13
PB Ratio TENB : 13.07 CYBR : 8.61
Total Revenue (TTM) TENB : $1.02B CYBR : $1.36B
Gross Profit (TTM) TENB : $799.18M CYBR : $1.01B
EBITDA (TTM) TENB : $101.15M CYBR : $59.13M

Return for Risk

TENB vs. CYBR — Risk / Return Rank

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

TENB

TENB Risk / Return Rank: 29
TENB Sharpe Ratio Rank: 26
TENB Sortino Ratio Rank: 26
TENB Omega Ratio Rank: 26
TENB Calmar Ratio Rank: 33
TENB Martin Ratio Rank: 32

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.

TENB vs. CYBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tenable Holdings, Inc. (TENB) and CyberArk Software Ltd. (CYBR). 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.

	TENB	CYBR	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	—	—
Sortino ratio: Return per unit of downside risk	-0.25	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.30	—	—
Martin ratio: Return relative to average drawdown	-0.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TENB	CYBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	—	—

Drawdowns

Drawdown Indicators

	TENB	CYBR	Difference
Max Drawdown Largest peak-to-trough decline	-74.40%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-54.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-69.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.40%	—	—
Current Drawdown Current decline from peak	-56.02%	—	—
Average Drawdown Average peak-to-trough decline	-30.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	29.73%	—	—

Volatility

Volatility by Period

	TENB	CYBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	44.13%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.38%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.81%	—	—

Dividends

TENB vs. CYBR - Dividend Comparison

Neither TENB nor CYBR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

TENB vs. CYBR - Profitability Comparison

The chart below illustrates the profitability comparison between Tenable Holdings, Inc. and CyberArk Software Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TENB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tenable Holdings, Inc. reported a gross profit of 205.39M and revenue of 262.06M. Therefore, the gross margin over that period was 78.4%.

CYBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a gross profit of 267.25M and revenue of 372.65M. Therefore, the gross margin over that period was 71.7%.

TENB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tenable Holdings, Inc. reported an operating income of 8.76M and revenue of 262.06M, resulting in an operating margin of 3.3%.

CYBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported an operating income of 1.75M and revenue of 372.65M, resulting in an operating margin of 0.5%.

TENB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tenable Holdings, Inc. reported a net income of 1.41M and revenue of 262.06M, resulting in a net margin of 0.5%.

CYBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a net income of -17.11M and revenue of 372.65M, resulting in a net margin of -4.6%.

Frequently Asked Questions

Can I hold both TENB and CYBR in my portfolio?

TENB and CYBR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.