Elastic N.V. vs MongoDB, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q3 2026
Summary Verdict
ESTC: 3—MDB: 2wins
Rule of 40
37.5ESTC
49.3MDB
check_circleMDB leads
Revenue Growth
19.1%ESTC
33.5%MDB
check_circleMDB leads
Gross Margin
76%ESTC
72%MDB
check_circleESTC leads
FCF Margin
18.4%ESTC
15.8%MDB
check_circleESTC leads
Operating Margin
-2.3%ESTC
-3.0%MDB
check_circleESTC leads
NRR
—ESTC
—MDB
Metric
Rule of 40Efficiency score
ESTC
37.5
MDB
49.3check_circle
Revenue GrowthYoY
ESTC
19.1%
MDB
33.5%check_circle
Gross Margin% of revenue
ESTC
76%check_circle
MDB
72%
FCF MarginFree cash flow
ESTC
18.4%check_circle
MDB
15.8%
Operating MarginGAAP
ESTC
-2.3%check_circle
MDB
-3.0%
NRRNet retention
ESTC
N/A
MDB
N/A
EV / RevenueValuation multiple
ESTC
5.3xcheck_circle
MDB
11.0x
Market CapUSD
ESTC
$9.5B
MDB
$29.7Bcheck_circle
ARR GrowthYoY
ESTC
N/A
MDB
N/A
CAC PaybackMonths to recover
ESTC
N/A
MDB
N/A
insights
Analysis
As of Q3 2026, Elastic N.V. trades at 5.3x EV/Revenue versus MongoDB, Inc. at 11.0x. On the Rule of 40, Elastic N.V. scores 37.5 compared to MongoDB, Inc.'s 49.3, placing MongoDB, Inc. ahead in operating efficiency. Gross margins stand at Elastic N.V. 76% vs MongoDB, Inc. 72%.
Sector Context
Elastic N.V. operates in the DevTools & Observability sector and MongoDB, Inc. operates in the Data & Analytics sector. The median comparison above shows where they stand relative to their respective peers.