analyticsDevTools & Observability
Data as of Q2 2026
Summary Verdict
GTLB: 3—ESTC: 2wins
Rule of 40
55.3GTLB
42.8ESTC
check_circleGTLB leads
Revenue Growth
26.3%GTLB
31.8%ESTC
check_circleESTC leads
Gross Margin
87%GTLB
76%ESTC
check_circleGTLB leads
FCF Margin
29.0%GTLB
11.0%ESTC
check_circleGTLB leads
Operating Margin
-8.4%GTLB
-1.3%ESTC
check_circleESTC leads
NRR
—GTLB
—ESTC
Metric
Rule of 40Efficiency score
GTLB
55.3check_circle
ESTC
42.8
Revenue GrowthYoY
GTLB
26.3%
ESTC
31.8%check_circle
Gross Margin% of revenue
GTLB
87%check_circle
ESTC
76%
FCF MarginFree cash flow
GTLB
29.0%check_circle
ESTC
11.0%
Operating MarginGAAP
GTLB
-8.4%
ESTC
-1.3%check_circle
NRRNet retention
GTLB
N/A
ESTC
N/A
EV / RevenueValuation multiple
GTLB
5.2x
ESTC
3.8xcheck_circle
Market CapUSD
GTLB
$5.3B
ESTC
$6.4Bcheck_circle
ARR GrowthYoY
GTLB
N/A
ESTC
N/A
CAC PaybackMonths to recover
GTLB
N/A
ESTC
N/A
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insights
Analysis
As of Q2 2026, GitLab Inc. trades at 5.2x EV/Revenue versus Elastic N.V. at 3.8x. On the Rule of 40, GitLab Inc. scores 55.3 compared to Elastic N.V.'s 42.8, placing GitLab Inc. ahead in operating efficiency. Gross margins stand at GitLab Inc. 87% 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.