Dynatrace, Inc. vs Elastic N.V.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q4 2025
Summary Verdict
DT: 5—ESTC: 0wins
Rule of 40
52.2DT
23.6ESTC
check_circleDT leads
Revenue Growth
13.2%DT
12.6%ESTC
check_circleDT leads
Gross Margin
82%DT
76%ESTC
check_circleDT leads
FCF Margin
39.0%DT
11.0%ESTC
check_circleDT leads
Operating Margin
13.3%DT
-1.3%ESTC
check_circleDT leads
NRR
—DT
—ESTC
Metric
Rule of 40Efficiency score
DT
52.2check_circle
ESTC
23.6
Revenue GrowthYoY
DT
13.2%check_circle
ESTC
12.6%
Gross Margin% of revenue
DT
82%check_circle
ESTC
76%
FCF MarginFree cash flow
DT
39.0%check_circle
ESTC
11.0%
Operating MarginGAAP
DT
13.3%check_circle
ESTC
-1.3%
NRRNet retention
DT
N/A
ESTC
N/A
EV / RevenueValuation multiple
DT
6.3x
ESTC
3.6xcheck_circle
Market CapUSD
DT
$12.7Bcheck_circle
ESTC
$6.3B
ARR GrowthYoY
DT
N/A
ESTC
N/A
CAC PaybackMonths to recover
DT
N/A
ESTC
N/A
insights
Analysis
As of Q4 2025, Dynatrace, Inc. trades at 6.3x EV/Revenue versus Elastic N.V. at 3.6x. On the Rule of 40, Dynatrace, Inc. scores 52.2 compared to Elastic N.V.'s 23.6, placing Dynatrace, Inc. ahead in operating efficiency. Gross margins stand at Dynatrace, Inc. 82% 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.