ESTC vs. SNOW
Compare and contrast key facts about Elastic N.V. (ESTC) and Snowflake Inc. (SNOW).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESTC or SNOW.
Correlation
The correlation between ESTC and SNOW is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ESTC vs. SNOW - Performance Comparison
Key characteristics
ESTC:
-0.32
SNOW:
0.18
ESTC:
-0.12
SNOW:
0.61
ESTC:
0.98
SNOW:
1.08
ESTC:
-0.31
SNOW:
0.09
ESTC:
-0.87
SNOW:
0.30
ESTC:
22.58%
SNOW:
20.68%
ESTC:
57.20%
SNOW:
56.09%
ESTC:
-74.33%
SNOW:
-72.99%
ESTC:
-53.81%
SNOW:
-56.71%
Fundamentals
ESTC:
$8.66B
SNOW:
$56.09B
ESTC:
-$1.31
SNOW:
-$3.86
ESTC:
1.51
SNOW:
7.86
ESTC:
6.06
SNOW:
15.47
ESTC:
10.08
SNOW:
18.70
ESTC:
$1.09B
SNOW:
$2.80B
ESTC:
$812.78M
SNOW:
$1.87B
ESTC:
$2.62M
SNOW:
-$996.41M
Returns By Period
In the year-to-date period, ESTC achieves a -12.93% return, which is significantly lower than SNOW's 12.67% return.
ESTC
-12.93%
17.60%
0.34%
-18.34%
3.78%
N/A
SNOW
12.67%
30.30%
40.82%
10.26%
N/A
N/A
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Risk-Adjusted Performance
ESTC vs. SNOW — Risk-Adjusted Performance Rank
ESTC
SNOW
ESTC vs. SNOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elastic N.V. (ESTC) and Snowflake Inc. (SNOW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ESTC vs. SNOW - Dividend Comparison
Neither ESTC nor SNOW has paid dividends to shareholders.
Drawdowns
ESTC vs. SNOW - Drawdown Comparison
The maximum ESTC drawdown since its inception was -74.33%, roughly equal to the maximum SNOW drawdown of -72.99%. Use the drawdown chart below to compare losses from any high point for ESTC and SNOW. For additional features, visit the drawdowns tool.
Volatility
ESTC vs. SNOW - Volatility Comparison
Elastic N.V. (ESTC) and Snowflake Inc. (SNOW) have volatilities of 16.71% and 16.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ESTC vs. SNOW - Financials Comparison
This section allows you to compare key financial metrics between Elastic N.V. and Snowflake Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ESTC vs. SNOW - Profitability Comparison
ESTC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Elastic N.V. reported a gross profit of 284.93M and revenue of 382.08M. Therefore, the gross margin over that period was 74.6%.
SNOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Snowflake Inc. reported a gross profit of 653.59M and revenue of 986.77M. Therefore, the gross margin over that period was 66.2%.
ESTC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Elastic N.V. reported an operating income of -4.64M and revenue of 382.08M, resulting in an operating margin of -1.2%.
SNOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Snowflake Inc. reported an operating income of -386.68M and revenue of 986.77M, resulting in an operating margin of -39.2%.
ESTC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Elastic N.V. reported a net income of -17.06M and revenue of 382.08M, resulting in a net margin of -4.5%.
SNOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Snowflake Inc. reported a net income of -327.47M and revenue of 986.77M, resulting in a net margin of -33.2%.