What is Elastic's asset turnover?

Elastic (ESTC) reported asset turnover of 0.6× in Q1 2026.

How has Elastic's asset turnover changed year-over-year?

Elastic's asset turnover decreased by 1.3% year-over-year, from 0.6× to 0.6×.

What is the long-term trend for Elastic's asset turnover?

Over 5 years (2021 to 2026), Elastic's asset turnover has grown at a -2.4% compound annual growth rate (CAGR), from 0.7× to 0.6×.

What does asset turnover mean?

Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.

Elastic ESTC Asset turnover

Asset turnover at other companies

Cisco Systems, Inc.CSCO

0.5×0.0×

MongoDBMDB

0.7×+0.1×

CrowdStrike Holdings, Inc.CRWD

0.5×0.0×

Datadog, Inc.DDOG

0.6×0.0×

DynatraceDT

0.5×0.0×

Insight EnterprisesNSIT

0.9×-0.2×

Other financials

Income statement

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Revenue$450.7M+16.0%

Gross profit$339.6M+16.8%

Operating income-$16.4M-36.5%

Net income$435.9M+2,761%

EPS (diluted)$4.07+2,813%

Balance sheet

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Cash & equivalents$768.7M+5.1%

Total debt$591.6M-0.6%

Total equity$1.3B+37.7%

Total assets$3.2B+21.6%

Cash flow

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Operating cash flow$152.7M+75.6%

CapEx$2.9M+36.8%

Free cash flow$149.8M+76.5%

Valuation

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Market cap$6.13B-44.0%

Profitability

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Gross margin76.1%+1.7pp

Operating margin-1.9%-0.6pp

Net margin21.1%+16.8pp

FCF margin18.5%+0.9pp

Returns & leverage

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Return on equity33.4%+26.1pp

Debt / equity0.5×-0.2×

Current ratio1.7×-0.2×

Where this comes from

Calculated from Elastic’s reported figures.

total revenue/total assets=0.6×

Based on trailing twelve months.

The official record: Elastic’s 10-K, filed June 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Elastic's asset turnover?: Elastic (ESTC) reported asset turnover of 0.6× in Q1 2026.
How has Elastic's asset turnover changed year-over-year?: Elastic's asset turnover decreased by 1.3% year-over-year, from 0.6× to 0.6×.
What is the long-term trend for Elastic's asset turnover?: Over 5 years (2021 to 2026), Elastic's asset turnover has grown at a -2.4% compound annual growth rate (CAGR), from 0.7× to 0.6×.
What does asset turnover mean?: Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.