Elastic N.V. vs MongoDB, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q1 2026
Summary Verdict
ESTC: 2—MDB: 3wins
Rule of 40
23.6ESTC
39.7MDB
check_circleMDB leads
Revenue Growth
12.6%ESTC
22.4%MDB
check_circleMDB leads
Gross Margin
76%ESTC
72%MDB
check_circleESTC leads
FCF Margin
11.0%ESTC
17.3%MDB
check_circleMDB leads
Operating Margin
-1.3%ESTC
-6.6%MDB
check_circleESTC leads
NRR
—ESTC
—MDB
Metric
Rule of 40Efficiency score
ESTC
23.6
MDB
39.7check_circle
Revenue GrowthYoY
ESTC
12.6%
MDB
22.4%check_circle
Gross Margin% of revenue
ESTC
76%check_circle
MDB
72%
FCF MarginFree cash flow
ESTC
11.0%
MDB
17.3%check_circle
Operating MarginGAAP
ESTC
-1.3%check_circle
MDB
-6.6%
NRRNet retention
ESTC
N/A
MDB
N/A
EV / RevenueValuation multiple
ESTC
3.7xcheck_circle
MDB
10.1x
Market CapUSD
ESTC
$6.4B
MDB
$25.1Bcheck_circle
ARR GrowthYoY
ESTC
N/A
MDB
N/A
CAC PaybackMonths to recover
ESTC
N/A
MDB
N/A
insights
Analysis
As of Q1 2026, Elastic N.V. trades at 3.7x EV/Revenue versus MongoDB, Inc. at 10.1x. On the Rule of 40, Elastic N.V. scores 23.6 compared to MongoDB, Inc.'s 39.7, 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.