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TENB vs. FTNT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between TENB and FTNT is 0.52, 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.

TENB vs. FTNT

Last updated May 30, 2025

Compare and contrast key facts about Tenable Holdings, Inc. (TENB) and Fortinet, Inc. (FTNT).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TENB or FTNT.

Performance

TENB vs. FTNT - Performance Comparison

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

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Key characteristics

Sharpe Ratio

TENB:

-0.71

FTNT:

1.69

Sortino Ratio

TENB:

-0.99

FTNT:

2.67

Omega Ratio

TENB:

0.88

FTNT:

1.36

Calmar Ratio

TENB:

-0.52

FTNT:

2.14

Martin Ratio

TENB:

-1.50

FTNT:

9.08

Ulcer Index

TENB:

17.63%

FTNT:

7.30%

Daily Std Dev

TENB:

34.62%

FTNT:

42.27%

Max Drawdown

TENB:

-56.82%

FTNT:

-51.20%

Current Drawdown

TENB:

-48.69%

FTNT:

-10.94%

Fundamentals

Market Cap

TENB:

$3.98B

FTNT:

$80.17B

EPS

TENB:

-$0.37

FTNT:

$2.42

PEG Ratio

TENB:

1.91

FTNT:

2.92

PS Ratio

TENB:

4.31

FTNT:

13.05

PB Ratio

TENB:

10.38

FTNT:

40.84

Total Revenue (TTM)

TENB:

$923.20M

FTNT:

$6.14B

Gross Profit (TTM)

TENB:

$720.00M

FTNT:

$5.00B

EBITDA (TTM)

TENB:

$24.92M

FTNT:

$2.34B

Returns By Period

In the year-to-date period, TENB achieves a -18.36% return, which is significantly lower than FTNT's 8.00% return.

TENB

YTD

-18.36%

1M

-4.54%

6M

-23.23%

1Y

-24.41%

3Y*

-15.11%

5Y*

0.56%

10Y*

N/A

FTNT

YTD

8.00%

1M

-2.08%

6M

8.48%

1Y

70.84%

3Y*

19.65%

5Y*

29.66%

10Y*

29.04%

*Annualized

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Tenable Holdings, Inc.

Fortinet, Inc.

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

TENB vs. FTNT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TENB
The Risk-Adjusted Performance Rank of TENB is 1212
Overall Rank
The Sharpe Ratio Rank of TENB is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of TENB is 1212
Sortino Ratio Rank
The Omega Ratio Rank of TENB is 1414
Omega Ratio Rank
The Calmar Ratio Rank of TENB is 1818
Calmar Ratio Rank
The Martin Ratio Rank of TENB is 66
Martin Ratio Rank
FTNT
The Risk-Adjusted Performance Rank of FTNT is 9292
Overall Rank
The Sharpe Ratio Rank of FTNT is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of FTNT is 9292
Sortino Ratio Rank
The Omega Ratio Rank of FTNT is 9191
Omega Ratio Rank
The Calmar Ratio Rank of FTNT is 9393
Calmar Ratio Rank
The Martin Ratio Rank of FTNT is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TENB vs. FTNT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Tenable Holdings, Inc. (TENB) and Fortinet, Inc. (FTNT). 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.

The current TENB Sharpe Ratio is -0.71, which is lower than the FTNT Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of TENB and FTNT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

TENB vs. FTNT - Dividend Comparison

Neither TENB nor FTNT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TENB vs. FTNT - Drawdown Comparison

The maximum TENB drawdown since its inception was -56.82%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for TENB and FTNT.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

TENB vs. FTNT - Volatility Comparison

Tenable Holdings, Inc. (TENB) has a higher volatility of 12.76% compared to Fortinet, Inc. (FTNT) at 12.05%. This indicates that TENB's price experiences larger fluctuations and is considered to be riskier than FTNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

TENB vs. FTNT - Financials Comparison

This section allows you to compare key financial metrics between Tenable Holdings, Inc. and Fortinet, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.00500.00M1.00B1.50B20212022202320242025
239.14M
1.54B
(TENB) Total Revenue
(FTNT) Total Revenue
Values in USD except per share items

TENB vs. FTNT - Profitability Comparison

The chart below illustrates the profitability comparison between Tenable Holdings, Inc. and Fortinet, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
74.0%76.0%78.0%80.0%82.0%20212022202320242025
78.1%
81.0%
(TENB) Gross Margin
(FTNT) Gross Margin
TENB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Tenable Holdings, Inc. reported a gross profit of 186.68M and revenue of 239.14M. Therefore, the gross margin over that period was 78.1%.

FTNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a gross profit of 1.25B and revenue of 1.54B. Therefore, the gross margin over that period was 81.0%.

TENB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Tenable Holdings, Inc. reported an operating income of -17.71M and revenue of 239.14M, resulting in an operating margin of -7.4%.

FTNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported an operating income of 453.80M and revenue of 1.54B, resulting in an operating margin of 29.5%.

TENB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Tenable Holdings, Inc. reported a net income of -22.94M and revenue of 239.14M, resulting in a net margin of -9.6%.

FTNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a net income of 433.40M and revenue of 1.54B, resulting in a net margin of 28.2%.