analyticsData & Analytics / DevTools & Observability
Data as of Q2 2026
Summary Verdict
MDB: 1—ESTC: 4wins
Rule of 40
39.7MDB
42.8ESTC
check_circleESTC leads
Revenue Growth
22.4%MDB
31.8%ESTC
check_circleESTC leads
Gross Margin
72%MDB
76%ESTC
check_circleESTC leads
FCF Margin
17.3%MDB
11.0%ESTC
check_circleMDB leads
Operating Margin
-6.6%MDB
-1.3%ESTC
check_circleESTC leads
NRR
—MDB
—ESTC
Metric
Rule of 40Efficiency score
MDB
39.7
ESTC
42.8check_circle
Revenue GrowthYoY
MDB
22.4%
ESTC
31.8%check_circle
Gross Margin% of revenue
MDB
72%
ESTC
76%check_circle
FCF MarginFree cash flow
MDB
17.3%check_circle
ESTC
11.0%
Operating MarginGAAP
MDB
-6.6%
ESTC
-1.3%check_circle
NRRNet retention
MDB
N/A
ESTC
N/A
EV / RevenueValuation multiple
MDB
11.4x
ESTC
3.8xcheck_circle
Market CapUSD
MDB
$28.2Bcheck_circle
ESTC
$6.4B
ARR GrowthYoY
MDB
N/A
ESTC
N/A
CAC PaybackMonths to recover
MDB
N/A
ESTC
N/A
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Analysis
As of Q2 2026, MongoDB, Inc. trades at 11.4x EV/Revenue versus Elastic N.V. at 3.8x. On the Rule of 40, MongoDB, Inc. scores 39.7 compared to Elastic N.V.'s 42.8, placing Elastic N.V. ahead in operating efficiency. Gross margins stand at MongoDB, Inc. 72% vs Elastic N.V. 76%.