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Elastic ESTC Return on invested capital

Return on invested capital at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
16.8%+1.6pp
MongoDB logo
MongoDBMDB
-4.9%-1.8pp
Datadog, Inc. logo
Datadog, Inc.DDOG
0.7%-0.6pp
Dynatrace logo
DynatraceDT
7.9%-4.1pp
Insight Enterprises logo
Insight EnterprisesNSIT
10%-1.2pp
Zscaler logo
ZscalerZS
-7.2%-2.0pp

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.

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 return on invested capital?
Elastic (ESTC) reported return on invested capital of -3.5% in Q1 2026.
How has Elastic's return on invested capital changed year-over-year?
Elastic's return on invested capital increased by 49.1% year-over-year, from -7% to -3.5%.
What is the long-term trend for Elastic's return on invested capital?
Over 5 years (2021 to 2026), Elastic's return on invested capital has grown at a -50.2% compound annual growth rate (CAGR), from -115.1% to -3.5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.