analyticsDevTools & Observability
Data as of Q3 2023
Summary Verdict
NEWR: 1—ESTC: 4wins
Rule of 40
37.4NEWR
42.8ESTC
check_circleESTC leads
Revenue Growth
21.2%NEWR
31.8%ESTC
check_circleESTC leads
Gross Margin
76%NEWR
76%ESTC
check_circleESTC leads
FCF Margin
16.2%NEWR
11.0%ESTC
check_circleNEWR leads
Operating Margin
-13.4%NEWR
-1.3%ESTC
check_circleESTC leads
NRR
—NEWR
—ESTC
Metric
Rule of 40Efficiency score
NEWR
37.4
ESTC
42.8check_circle
Revenue GrowthYoY
NEWR
21.2%
ESTC
31.8%check_circle
Gross Margin% of revenue
NEWR
76%
ESTC
76%check_circle
FCF MarginFree cash flow
NEWR
16.2%check_circle
ESTC
11.0%
Operating MarginGAAP
NEWR
-13.4%
ESTC
-1.3%check_circle
NRRNet retention
NEWR
N/A
ESTC
N/A
EV / RevenueValuation multiple
NEWR
6.2x
ESTC
4.0xcheck_circle
Market CapUSD
NEWR
$6.2B
ESTC
$6.7Bcheck_circle
ARR GrowthYoY
NEWR
N/A
ESTC
N/A
CAC PaybackMonths to recover
NEWR
N/A
ESTC
N/A
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insights
Analysis
As of Q3 2023, New Relic, Inc. trades at 6.2x EV/Revenue versus Elastic N.V. at 4.0x. On the Rule of 40, New Relic, Inc. scores 37.4 compared to Elastic N.V.'s 42.8, placing Elastic N.V. ahead in operating efficiency. Gross margins stand at New Relic, Inc. 76% 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.