SNOW vs NTNX vs ESTC Stock Comparison

Snowflake, Nutanix and Elastic Prices as of Oct 27, 2026 Peers: Industry group
SNOW Snowflake Inc.
$337.43 +0.4% 1M +26.9% 1Y
Market cap
$119.21B
P/E
–
Revenue (TTM)
$5.43B
Div. yield
–
Data Infrastructure Technology
3 wins
NTNX Nutanix, Inc.
$72.74 +6.9% 1M +4.6% 1Y
Market cap
$19.53B
P/E
12.9x
Revenue (TTM)
$2.85B
Div. yield
–
Cloud Platforms Technology
6 wins
ESTC Elastic N.V.
$105.51 +19.9% 1M +19.0% 1Y
Market cap
$11.07B
P/E
29.5x
Revenue (TTM)
$1.80B
Div. yield
–
Data Infrastructure Technology

Head to Head

9 decided of 12

Nutanix leads on 6 of the 12 questions below (Nutanix 6, Snowflake 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSNOWNTNXESTCLeader
Larger companyMarket capitalisation $119.21B $19.53B $11.07B SNOW
Cheaper on earningsLower P/E, profitable companies only -109.3x 12.9x 29.5x NTNX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 157.7x 29.9x 30.1x NTNX
Faster revenue growthRevenue growth, trailing twelve months +32.0% +12.4% +16.2% SNOW
More profitableNet margin, trailing twelve months -20.1% 53.0% 20.8% NTNX
Better return on capitalReturn on invested capital — — 0.0% –
Less leveragedLower net debt / EBITDA — — -10.8x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +26.9% +4.6% +19.0% SNOW
Better 5-year returnAnnualised price return, 5 years -0.6%/yr +16.2%/yr -9.3%/yr NTNX
Less volatileAnnualised volatility, 1 year 63.1% 47.3% 58.1% NTNX
Higher overall scoreMean of the five percentile scores vs peers 46/100 80/100 71/100 NTNX

Percentile Scorecard

SNOWNTNXESTC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSNOWNTNXESTC
Valuation 29 #89 of 124 70 #12 of 38 70 #38 of 124
Growth 68 #37 of 113 91 #4 of 36 81 #22 of 113
Profitability 50 #55 of 109 91 #4 of 34 67 #37 of 109
Financial Health 23 #98 of 127 62 #15 of 38 52 #61 of 127
Shareholder Returns 59 #27 of 65 85 #4 of 21 86 #10 of 65
Overall 46 80 71
  • SNOW ranked among 137 companies in Infrastructure Software
  • NTNX ranked among 39 companies in Cloud Computing
  • ESTC ranked among 137 companies in Infrastructure Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSNOWNTNXESTCSPY
1 month +0.4%+6.9%+19.9% -0.2%
3 months +24.9%+23.2%+70.0% +3.9%
6 months +136.7%+76.1%+122.4% +8.2%
Year to date +53.8%+40.7%+39.9% +12.9%
1 year +26.9%+4.6%+19.0% +12.3%
3 years +135.3%+109.5%+39.7% +87.4%
3 years, per year +33.0%+28.0%+11.8% +23.3%
5 years -3.0%+111.9%-38.5% +67.9%
5 years, per year -0.6%+16.2%-9.3% +10.9%
10 years —+165.2%— +261.1%
10 years, per year —+10.2%— +13.7%

Risk

MeasureSNOWNTNXESTCSPY
Volatility, 1Y 63.1%47.3%58.1% 12.7%
Downside volatility, 1Y 54.8%50.8%59.1% 12.7%
Beta vs S&P 500, 1Y 1.340.741.14 1.00
Return / volatility, 1Y 0.430.100.33 0.97
Max drawdown, 5Y -73.0%-62.1%-76.8% -25.4%
From 52-week high -8.5%-2.5%-0.7% -1.2%
52-week high $368.93$74.63$106.26 $779.14
52-week low $121.11$34.41$43.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSNOWNTNXESTC
P/E now vs peer median -108.0xmedian 38.6x 12.9xmedian 29.5x 29.4xmedian 38.6x
P/S now vs peer median 21.9xmedian 4.4x 6.9xmedian 4.5x 6.2xmedian 4.4x
EV/EBITDA now vs peer median -148.6xmedian 34.5x 49.5xmedian 23.9x 123.3xmedian 34.5x
P/FCF now vs peer median 99.5xmedian 29.4x 23.4xmedian 15.0x 31.8xmedian 29.4x
P/B now vs peer median 55.3xmedian 3.3x 28.0xmedian 4.3x 8.6xmedian 3.3x
PEG now vs peer median 18.29median 1.28 0.11median 0.38 0.55median 1.28

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSNOWNTNXESTC
Revenue $5.43B $2.85B $1.80B
Gross profit $3.64B $2.48B $1.36B
Operating income -$1.24B $273.97M -$47.61M
Net income -$1.09B $1.51B $375.64M
Free cash flow $1.20B $840.68M $349.04M
R&D $2.11B $790.89M $455.30M
EPS (diluted) $-3.12 $5.17 $3.59
Cash & equivalents $1.71B $777.31M $879.87M
Total debt – – $571.20M
Shares (diluted) 349.26M 292.18M 104.64M
Enterprise value $106.53B $11.21B $5.60B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSNOWNTNXESTC
P/E -108.0x 12.9x 29.4x
P/FCF 99.5x 23.4x 31.8x
P/Operating cash flow 94.9x 21.5x 31.3x
P/S 21.9x 6.9x 6.2x
P/B 55.3x 28.0x 8.6x
P/Tangible book 69.0x 28.1x 8.6x
EV/EBITDA -148.6x 49.5x 123.3x
EV/EBIT -94.3x 63.2x -214.3x
EV/Revenue 21.5x 6.1x 5.7x
EV/FCF 97.5x 20.6x 29.2x
EV/Operating cash flow 93.0x 18.9x 28.8x
PEG (3Y EPS CAGR) 18.29 0.11 0.55

Growth

14 metrics
MetricSNOWNTNXESTC
Revenue growth (1Y) 32.0% 12.4% 16.2%
Revenue CAGR (3Y) 30.5% 15.3% 17.4%
Gross profit growth (1Y) 32.9% 12.4% 16.7%
Gross profit CAGR (3Y) 31.0% 17.4% 18.8%
Operating income growth (1Y) 19.7% 58.8% -56.0%
Operating income CAGR (3Y) -7.2% 49.2% 37.5%
Net income growth (1Y) 21.1% 700.0% 549.9%
Net income CAGR (3Y) -8.2% 0.0% 55.3%
EPS growth (1Y) 24.1% 694.1% 555.6%
EPS CAGR (3Y) -5.9% 113.9% 53.7%
Operating cash flow growth (1Y) 49.6% 11.6% 11.3%
Operating cash flow CAGR (3Y) 22.7% 49.9% 62.1%
Free cash flow growth (1Y) 59.1% 12.1% 11.2%
Free cash flow CAGR (3Y) 22.4% 59.5% 63.2%

Profitability

14 metrics
MetricSNOWNTNXESTC
Gross margin 67.0% 86.8% 75.5%
EBITDA margin -14.4% 12.3% 4.6%
Operating margin -22.8% 9.6% -2.6%
Pretax margin -19.8% 11.5% -1.1%
Net margin -20.1% 53.0% 20.8%
FCF margin 22.0% 29.5% 19.4%
Operating cash flow margin 23.1% 32.1% 19.6%
Return on equity -53.2% – 29.2%
Return on assets -12.6% 35.5% 12.2%
Return on invested capital – – 0.0%
Return on capital employed -25.2% 10.7% -2.3%
Asset turnover 0.6x 0.7x 0.6x
Cash conversion (OCF / net income) -1.1x 0.6x 0.9x
Stock comp / revenue 30.2% 12.5% 16.8%

Financial Health

11 metrics
MetricSNOWNTNXESTC
Debt / assets – – 19.0%
Debt / equity – – 0.4x
Net debt / EBITDA – – -10.8x
Debt / FCF – – 1.6x
Liabilities / assets 75.3% 86.2% 56.8%
Equity / assets 24.7% 13.8% 43.2%
Interest coverage -148.8x – -1.9x
Current ratio 0.9x 1.8x 1.8x
Quick ratio 0.8x 1.6x 1.6x
Cash ratio 0.6x 1.4x 1.4x
Altman Z-score 9.38 2.74 4.44

Shareholder Returns

7 metrics
MetricSNOWNTNXESTC
Dividend yield – – –
Net buyback yield 0.4% 1.4% 3.1%
Shareholder yield 0.4% 1.4% 3.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSNOWNTNXESTC
Forward P/E 157.7xFY2026 29.9xFY2027 30.1xFY2026
EPS, next fiscal year $2.14FY2026 $2.43FY2027 $3.51FY2026
EPS growth, next FY +71.2%FY2026 +19.1%FY2027 +36.6%FY2026
EPS growth, the year after +36.9% +5.3% +19.4%
Revenue, next fiscal year $6.16BFY2026 $3.42BFY2027 $1.88BFY2026
Revenue growth, next FY +31.5%FY2026 +20.0%FY2027 +8.2%FY2026
Revenue growth, the year after +41.5% +11.2% +18.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSNOWNTNXESTC
Held by institutions 79.8% 98.7% 86.4%
Institutions holding 1,459 559 371
Change in shares held, QoQ +9.1% +10.5% +1.7%
Institutions buying 850 332 199
Institutions selling 473 174 129
Buyers to sellers 1.80 1.91 1.54

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SNOWNTNXESTC
SNOW 1.00 0.52 0.60
NTNX 0.52 1.00 0.56
ESTC 0.60 0.56 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SNOW, NTNX and ESTC?

Snowflake (SNOW) is the largest by market capitalisation: Snowflake (SNOW) $119.21B, Nutanix (NTNX) $19.53B, Elastic (ESTC) $11.07B.

Which stock is cheaper, SNOW, NTNX and ESTC?

Nutanix (NTNX) trades on the lowest price-to-earnings ratio (Snowflake (SNOW) -109.3x, Nutanix (NTNX) 12.9x, Elastic (ESTC) 29.5x). On next year's consensus earnings, Nutanix (NTNX) is cheapest (Snowflake (SNOW) 157.7x, Nutanix (NTNX) 29.9x, Elastic (ESTC) 30.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Snowflake (SNOW) grew revenue fastest over the trailing twelve months: Snowflake (SNOW) +32.0%, Nutanix (NTNX) +12.4%, Elastic (ESTC) +16.2%.

Which company is more profitable?

Nutanix (NTNX) has the highest net margin (Snowflake (SNOW) -20.1%, Nutanix (NTNX) 53.0%, Elastic (ESTC) 20.8%).

Which stock has performed better?

Over the past year Snowflake (SNOW) returned the most: Snowflake (SNOW) +26.9%, Nutanix (NTNX) +4.6%, Elastic (ESTC) +19.0%. Over five years, Nutanix (NTNX) compounded fastest (Snowflake (SNOW) -0.6%/yr, Nutanix (NTNX) +16.2%/yr, Elastic (ESTC) -9.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Nutanix (NTNX) has been the steadiest (Snowflake (SNOW) 63.1%, Nutanix (NTNX) 47.3%, Elastic (ESTC) 58.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SNOW, NTNX and ESTC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Nutanix (NTNX) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.