Elastic N.V. vs GitLab Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q1 2026
Summary Verdict
ESTC: 1—GTLB: 4wins
Rule of 40
23.6ESTC
55.3GTLB
check_circleGTLB leads
Revenue Growth
12.6%ESTC
26.3%GTLB
check_circleGTLB leads
Gross Margin
76%ESTC
87%GTLB
check_circleGTLB leads
FCF Margin
11.0%ESTC
29.0%GTLB
check_circleGTLB leads
Operating Margin
-1.3%ESTC
-8.4%GTLB
check_circleESTC leads
NRR
—ESTC
—GTLB
Metric
Rule of 40Efficiency score
ESTC
23.6
GTLB
55.3check_circle
Revenue GrowthYoY
ESTC
12.6%
GTLB
26.3%check_circle
Gross Margin% of revenue
ESTC
76%
GTLB
87%check_circle
FCF MarginFree cash flow
ESTC
11.0%
GTLB
29.0%check_circle
Operating MarginGAAP
ESTC
-1.3%check_circle
GTLB
-8.4%
NRRNet retention
ESTC
N/A
GTLB
N/A
EV / RevenueValuation multiple
ESTC
3.6x
GTLB
N/A
Market CapUSD
ESTC
$6.3B
GTLB
N/A
ARR GrowthYoY
ESTC
N/A
GTLB
N/A
CAC PaybackMonths to recover
ESTC
N/A
GTLB
N/A
insights
Analysis
As of Q1 2026, Elastic N.V. trades at 3.6x EV/Revenue versus GitLab Inc. at N/A. On the Rule of 40, Elastic N.V. scores 23.6 compared to GitLab Inc.'s 55.3, placing GitLab Inc. ahead in operating efficiency. Gross margins stand at Elastic N.V. 76% vs GitLab Inc. 87%.
Sector Context
Both companies operate in the DevTools & Observability sector. The median columns above show where each company stands relative to their peers.