analyticsDevTools & Observability
Data as of Q1 2026
Summary Verdict
GTLB: 4—ESTC: 1wins
Rule of 40
49.0GTLB
34.7ESTC
check_circleGTLB leads
Revenue Growth
25.8%GTLB
17.0%ESTC
check_circleGTLB leads
Gross Margin
87%GTLB
74%ESTC
check_circleGTLB leads
FCF Margin
23.2%GTLB
17.6%ESTC
check_circleGTLB leads
Operating Margin
-7.4%GTLB
-3.7%ESTC
check_circleESTC leads
NRR
—GTLB
—ESTC
Metric
Rule of 40Efficiency score
GTLB
49.0check_circle
ESTC
34.7
Revenue GrowthYoY
GTLB
25.8%check_circle
ESTC
17.0%
Gross Margin% of revenue
GTLB
87%check_circle
ESTC
74%
FCF MarginFree cash flow
GTLB
23.2%check_circle
ESTC
17.6%
Operating MarginGAAP
GTLB
-7.4%
ESTC
-3.7%check_circle
NRRNet retention
GTLB
N/A
ESTC
N/A
EV / RevenueValuation multiple
GTLB
3.6x
ESTC
3.4xcheck_circle
Market CapUSD
GTLB
$3.7B
ESTC
$5.1Bcheck_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 Q1 2026, GitLab Inc. trades at 3.6x EV/Revenue versus Elastic N.V. at 3.4x. On the Rule of 40, GitLab Inc. scores 49.0 compared to Elastic N.V.'s 34.7, placing GitLab Inc. ahead in operating efficiency. Gross margins stand at GitLab Inc. 87% vs Elastic N.V. 74%.
Sector Context
Both companies operate in the DevTools & Observability sector. The median columns above show where each company stands relative to their peers.