Elastic N.V. vs New Relic, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q1 2026
Summary Verdict
ESTC: 2—NEWR: 3wins
Rule of 40
23.6ESTC
37.4NEWR
check_circleNEWR leads
Revenue Growth
12.6%ESTC
21.2%NEWR
check_circleNEWR leads
Gross Margin
76%ESTC
76%NEWR
check_circleESTC leads
FCF Margin
11.0%ESTC
16.2%NEWR
check_circleNEWR leads
Operating Margin
-1.3%ESTC
-13.4%NEWR
check_circleESTC leads
NRR
—ESTC
—NEWR
Metric
Rule of 40Efficiency score
ESTC
23.6
NEWR
37.4check_circle
Revenue GrowthYoY
ESTC
12.6%
NEWR
21.2%check_circle
Gross Margin% of revenue
ESTC
76%check_circle
NEWR
76%
FCF MarginFree cash flow
ESTC
11.0%
NEWR
16.2%check_circle
Operating MarginGAAP
ESTC
-1.3%check_circle
NEWR
-13.4%
NRRNet retention
ESTC
N/A
NEWR
N/A
EV / RevenueValuation multiple
ESTC
3.6xcheck_circle
NEWR
6.2x
Market CapUSD
ESTC
$6.3Bcheck_circle
NEWR
$6.2B
ARR GrowthYoY
ESTC
N/A
NEWR
N/A
CAC PaybackMonths to recover
ESTC
N/A
NEWR
N/A
insights
Analysis
As of Q1 2026, Elastic N.V. trades at 3.6x EV/Revenue versus New Relic, Inc. at 6.2x. On the Rule of 40, Elastic N.V. scores 23.6 compared to New Relic, Inc.'s 37.4, placing New Relic, Inc. ahead in operating efficiency. Gross margins stand at Elastic N.V. 76% vs New Relic, Inc. 76%.
Sector Context
Both companies operate in the DevTools & Observability sector. The median columns above show where each company stands relative to their peers.