What is Elastic's EV / sales?

Elastic (ESTC) reported EV / sales of 2.7× in Q1 2026.

How has Elastic's EV / sales changed year-over-year?

Elastic's EV / sales decreased by 53.2% year-over-year, from 5.7× to 2.7×.

What is the long-term trend for Elastic's EV / sales?

Over 5 years (2021 to 2026), Elastic's EV / sales has grown at a -31.6% compound annual growth rate (CAGR), from 17.7× to 2.7×.

What does EV / sales mean?

Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.

Elastic ESTC EV / sales

EV / sales at other companies

Cisco Systems, Inc.CSCO

6.4×+1.9×

MongoDBMDB

7.4×+1.0×

CrowdStrike Holdings, Inc.CRWD

21.4×-2.5×

Datadog, Inc.DDOG

11.3×-0.4×

DynatraceDT

5×-2.8×

Insight EnterprisesNSIT

0.4×-0.3×

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.

enterprise value/total revenue=2.7×

Based on the most recent quarter.

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 EV / sales?: Elastic (ESTC) reported EV / sales of 2.7× in Q1 2026.
How has Elastic's EV / sales changed year-over-year?: Elastic's EV / sales decreased by 53.2% year-over-year, from 5.7× to 2.7×.
What is the long-term trend for Elastic's EV / sales?: Over 5 years (2021 to 2026), Elastic's EV / sales has grown at a -31.6% compound annual growth rate (CAGR), from 17.7× to 2.7×.
What does EV / sales mean?: Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.