Dynatrace, Inc. vs Elastic N.V.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q2 2026
Summary Verdict
DT: 5—ESTC: 0wins
Rule of 40
65.0DT
37.5ESTC
check_circleDT leads
Revenue Growth
20.2%DT
19.1%ESTC
check_circleDT leads
Gross Margin
82%DT
76%ESTC
check_circleDT leads
FCF Margin
44.9%DT
18.4%ESTC
check_circleDT leads
Operating Margin
13.7%DT
-2.3%ESTC
check_circleDT leads
NRR
—DT
—ESTC
Metric
Rule of 40Efficiency score
DT
65.0check_circle
ESTC
37.5
Revenue GrowthYoY
DT
20.2%check_circle
ESTC
19.1%
Gross Margin% of revenue
DT
82%check_circle
ESTC
76%
FCF MarginFree cash flow
DT
44.9%check_circle
ESTC
18.4%
Operating MarginGAAP
DT
13.7%check_circle
ESTC
-2.3%
NRRNet retention
DT
N/A
ESTC
N/A
EV / RevenueValuation multiple
DT
7.4x
ESTC
5.8xcheck_circle
Market CapUSD
DT
$15.6Bcheck_circle
ESTC
$10.4B
ARR GrowthYoY
DT
N/A
ESTC
N/A
CAC PaybackMonths to recover
DT
N/A
ESTC
N/A
insights
Analysis
As of Q2 2026, Dynatrace, Inc. trades at 7.4x EV/Revenue versus Elastic N.V. at 5.8x. On the Rule of 40, Dynatrace, Inc. scores 65.0 compared to Elastic N.V.'s 37.5, 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.