Datadog, Inc. vs Elastic N.V.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q2 2026
Summary Verdict
DDOG: 5—ESTC: 0wins
Rule of 40
66.8DDOG
37.5ESTC
check_circleDDOG leads
Revenue Growth
43.1%DDOG
19.1%ESTC
check_circleDDOG leads
Gross Margin
79%DDOG
76%ESTC
check_circleDDOG leads
FCF Margin
23.7%DDOG
18.4%ESTC
check_circleDDOG leads
Operating Margin
-0.7%DDOG
-2.3%ESTC
check_circleDDOG leads
NRR
—DDOG
—ESTC
Metric
Rule of 40Efficiency score
DDOG
66.8check_circle
ESTC
37.5
Revenue GrowthYoY
DDOG
43.1%check_circle
ESTC
19.1%
Gross Margin% of revenue
DDOG
79%check_circle
ESTC
76%
FCF MarginFree cash flow
DDOG
23.7%check_circle
ESTC
18.4%
Operating MarginGAAP
DDOG
-0.7%check_circle
ESTC
-2.3%
NRRNet retention
DDOG
N/A
ESTC
N/A
EV / RevenueValuation multiple
DDOG
19.4x
ESTC
5.3xcheck_circle
Market CapUSD
DDOG
$75.8Bcheck_circle
ESTC
$9.5B
ARR GrowthYoY
DDOG
N/A
ESTC
N/A
CAC PaybackMonths to recover
DDOG
N/A
ESTC
N/A
insights
Analysis
As of Q2 2026, Datadog, Inc. trades at 19.4x EV/Revenue versus Elastic N.V. at 5.3x. On the Rule of 40, Datadog, Inc. scores 66.8 compared to Elastic N.V.'s 37.5, placing Datadog, Inc. ahead in operating efficiency. Gross margins stand at Datadog, Inc. 79% vs Elastic N.V. 76%.
Sector Context
Both companies operate in the DevTools & Observability sector. The median columns above show where each company stands relative to their peers.