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Tenable Holdings (Tenable Holdings) EBIT : $-26.1 Mil (TTM As of Mar. 2024)


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What is Tenable Holdings EBIT?

Tenable Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-4.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-26.1 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tenable Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -2.38%. Tenable Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -23.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tenable Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.52%.


Tenable Holdings EBIT Historical Data

The historical data trend for Tenable Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tenable Holdings EBIT Chart

Tenable Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -90.80 -36.58 -43.13 -66.29 -36.06

Tenable Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -14.61 -5.12 -6.75 -9.58 -4.62

Competitive Comparison of Tenable Holdings's EBIT

For the Software - Infrastructure subindustry, Tenable Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tenable Holdings's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Tenable Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tenable Holdings's EV-to-EBIT falls into.



Tenable Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-26.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tenable Holdings  (NAS:TENB) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tenable Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-30.164 * ( 1 - -13.03% )/( (1460.295 + 1401.442)/ 2 )
=-34.0943692/1430.8685
=-2.38 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1606.871 - 16.941 - ( 473.972 - max(0, 675.838 - 805.473+473.972))
=1460.295

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1567.022 - 17.667 - ( 510.771 - max(0, 634.843 - 782.756+510.771))
=1401.442

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Tenable Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-18.464/( ( (80.271 + max(-338.366, 0)) + (79.275 + max(-356.873, 0)) )/ 2 )
=-18.464/( ( 80.271 + 79.275 )/ 2 )
=-18.464/79.773
=-23.15 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(220.06 + 0 + 111.441) - (16.941 + 580.779 + 72.147)
=-338.366

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(156.804 + 0 + 115.181) - (17.667 + 562.575 + 48.616)
=-356.873

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Tenable Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-26.07/5026.923
=-0.52 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Tenable Holdings EBIT Related Terms

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Tenable Holdings (Tenable Holdings) Business Description

Traded in Other Exchanges
Address
6100 Merriweather Drive, Columbia, MD, USA, 21044
Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.
Executives
Amit Yoran director, officer: President, CEO and Chairman C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Mark C. Thurmond officer: Chief Operating Officer C/O TENABLE HOLDINGS, INC.0, 6100 MERRIWEATHER DRIVE, 12TH FLOOR, COLUMBIA MD 21044
Stephen A Vintz officer: Chief Financial Officer 4296 FORBES BOULEVARD, LANHAM MD 20706
Linda Kay Zecher director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Margaret M Keane director 777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902
Raymond Jr. Vicks director C/O ACCESS GOHEALTH ONDEMAND, INC., 5555 GLENRIDGE CONNECTOR, SUITE 700, ATLANTA GA 30342
George Alex Tosheff director 23 CORPORATE PLAZA, SUITE 280, NEWPORT BEACH CA 92660
Coviello Arthur W Jr director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Stephen A Riddick officer: General Counsel & Secretary C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Jerry M Kennelly director 199 FREMONT STREET, SAN FRANCISCO CA 94105
Niloofar Razi Howe director C/O TENABLE HOLDINGS, INC., 6100 MERRIWEATHER DRIVE, COLUMBIA MD 21044
Ping Li director, 10 percent owner 428 UNIVERSITY AVENUE, PALO ALTO CA 94301
Kimberly Hammonds director 100 EAST DAVIE STREET, RALEIGH NC 27601
Insight Holdings Group, Llc 10 percent owner 1114 AVENUE OF THE AMERICAS, 36TH FLOOR, NEW YORK NY 10036
Ivp Gp (venice), Llc 10 percent owner PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104