ESTC
Elastic N.V.
ESTC has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over ESTC overall, supported by stronger fundamentals.
ESTC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Unavailable |
ESTC's revenue and cash flow are currently healthy, and its profitability is stable. There isn't enough data to rate its balance sheet.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
ESTC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 24x | $89.06 | — |
| Cheap | 25x | $86.56 | -2.8% |
| Current | 25x | $89.06 | — |
| Fair | 163x | $570 | +540% |
| Expensive | 207x | $724 | +713% |
Historical ranges are pointers, not guarantees.
ESTC's PE is in its cheap range at 25x. If earnings grow as analysts expect, today's price would be 24x next year's earnings.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over ESTC in the historical PE scenario, which offers more potential upside but is not a forecast.
ESTC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for ESTC, with profitability improving.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
SNDK has the edge over ESTC on the outlook, with more favorable valuation expectations.
ESTC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.67 | +4.9% |
| Q3 2026 | $3.50 | +$4.29 |
| Q2 2026 | $3.43 | +$4.47 |
| Q1 2026 | -$0.79 | +$0.45 |
| Q4 2025 | -$1.02 | -267% |
| Q3 2025 | -$0.79 | -230% |
| Q2 2025 | -$1.04 | -276% |
| Q1 2025 | -$1.24 | -364% |
| Q4 2024 | $0.61 | +$2.59 |
ESTC has returned to profit: it earned $3.50 per share over the past year, after losing money the year before.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over ESTC in the latest year-over-year earnings comparison.
ESTC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $478.1M | +15% |
| Q2 2026 | $450.7M | +16% |
| Q1 2026 | $449.9M | +18% |
| Q4 2025 | $423.5M | +16% |
| Q3 2025 | $415.3M | +20% |
| Q2 2025 | $388.4M | +16% |
| Q1 2025 | $382.1M | +17% |
| Q4 2024 | $365.4M | +18% |
ESTC's revenue has grown year over year every quarter since late 2020: $478M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4.9% | -2.7 points |
| Q2 2026 | -3.6% | -0.6 points |
| Q1 2026 | 0.1% | +1.4 points |
| Q4 2025 | -1.9% | -0.7 points |
| Q3 2025 | -2.3% | +7.5 points |
| Q2 2025 | -3.1% | +11 points |
| Q1 2025 | -1.2% | +6.8 points |
| Q4 2024 | -1.2% | +5.7 points |
ESTC's operating margin was −4.9% last quarter, down 2.7 points from the same quarter a year ago.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK's revenue has grown year over year for six quarters in a row: $11B last quarter, up 378% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over ESTC on profitability, with a higher operating margin.
ESTC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $131.4M | +26% |
| Q2 2026 | $149.8M | +77% |
| Q1 2026 | $41.8M | -52% |
| Q4 2025 | $26M | -31% |
| Q3 2025 | $104.2M | +100% |
| Q2 2025 | $84.9M | +41% |
| Q1 2025 | $87.3M | +70% |
| Q4 2024 | $37.7M | +$40.9M |
ESTC generated $349M in free cash flow over the past year, up 11% from the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over ESTC on cash flow, with more consistent year-over-year improvement.
ESTC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.4% | -2.6M shares |
| 1 year | -1.2% | -1.3M shares |
| 3 years | +6.8% | +6.7M shares |
| 5 years | +15% | +13.4M shares |
| Available history | +35% | +26.9M shares |
ESTC has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $40M |
| Q2 2026 | $40M |
| Q1 2026 | $190.9M |
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
ESTC Net Leverage
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
ESTC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.5 | Neutral |
| Stochastic | 56.6 | Neutral |
ESTC's weekly RSI is 55 (neutral) and its Stochastic is 57 (neutral).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
ESTC PE vs Technology Sector
| Metric | ESTC | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 28x | 8.7% below |
| PE % | 22 | 35 | 13 pts below |
ESTC is trading at 25x earnings, in line with the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over ESTC on valuation relative to its sector.
ESTC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $93.4 | 4.6% below |
| 20 week MA | $83.1 | 7.2% above |
| 50 week MA | $69.2 | 29% above |
| 100 week MA | $79.4 | 12% above |
| 200 week MA | $83.1 | 7.2% above |
ESTC has stronger trend alignment. ESTC is above 4 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
ESTC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.0 | $156.0 | +140% |
| 2021 | $156.0 | $124.0 | -21% |
| 2022 | $124.0 | $51.4 | -59% |
| 2023 | $51.4 | $112.7 | +119% |
| 2024 | $112.7 | $101.5 | -9.9% |
| 2025 | $101.5 | $77.0 | -24% |
| 2026 YTD | $77.0 | $89.1 | +16% |
ESTC's yearly returns have swung widely, from +140% in 2020 to −59% in 2022. It's up 16% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over ESTC on returns for 2026, with the stronger performance.