Elastic N.V. vs GitLab Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q3 2026
Summary Verdict
ESTC: 1—GTLB: 4wins
Rule of 40
37.5ESTC
62.8GTLB
check_circleGTLB leads
Revenue Growth
19.1%ESTC
35.8%GTLB
check_circleGTLB leads
Gross Margin
76%ESTC
86%GTLB
check_circleGTLB leads
FCF Margin
18.4%ESTC
27.0%GTLB
check_circleGTLB leads
Operating Margin
-2.3%ESTC
-10.0%GTLB
check_circleESTC leads
NRR
—ESTC
—GTLB
Metric
Rule of 40Efficiency score
ESTC
37.5
GTLB
62.8check_circle
Revenue GrowthYoY
ESTC
19.1%
GTLB
35.8%check_circle
Gross Margin% of revenue
ESTC
76%
GTLB
86%check_circle
FCF MarginFree cash flow
ESTC
18.4%
GTLB
27.0%check_circle
Operating MarginGAAP
ESTC
-2.3%check_circle
GTLB
-10.0%
NRRNet retention
ESTC
N/A
GTLB
N/A
EV / RevenueValuation multiple
ESTC
5.3xcheck_circle
GTLB
7.9x
Market CapUSD
ESTC
$9.5Bcheck_circle
GTLB
$8.4B
ARR GrowthYoY
ESTC
N/A
GTLB
N/A
CAC PaybackMonths to recover
ESTC
N/A
GTLB
N/A
insights
Analysis
As of Q3 2026, Elastic N.V. trades at 5.3x EV/Revenue versus GitLab Inc. at 7.9x. On the Rule of 40, Elastic N.V. scores 37.5 compared to GitLab Inc.'s 62.8, placing GitLab Inc. ahead in operating efficiency. Gross margins stand at Elastic N.V. 76% vs GitLab Inc. 86%.
Sector Context
Both companies operate in the DevTools & Observability sector. The median columns above show where each company stands relative to their peers.