SNOW vs ORCL vs ESTC Stock Comparison

Snowflake, Oracle and Elastic Prices as of Oct 23, 2026 Peers: Industry group
SNOW Snowflake Inc.
$325.44 -2.8% 1M +28.6% 1Y
Market cap
$116.93B
P/E
–
Revenue (TTM)
$5.43B
Div. yield
–
Data Infrastructure Technology
2 wins
ORCL Oracle Corp
$126.08 -12.8% 1M -55.0% 1Y
Market cap
$373.36B
P/E
19.8x
Revenue (TTM)
$71.78B
Div. yield
0.02%
ERP Software Technology
7 wins
ESTC Elastic N.V.
$102.42 +12.2% 1M +17.5% 1Y
Market cap
$11.14B
P/E
29.6x
Revenue (TTM)
$1.80B
Div. yield
–
Data Infrastructure Technology
2 wins

Head to Head

11 decided of 12

Oracle leads on 7 of the 12 questions below (Oracle 7, Snowflake 2, Elastic 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSNOWORCLESTCLeader
Larger companyMarket capitalisation $116.93B $373.36B $11.14B ORCL
Cheaper on earningsLower P/E, profitable companies only -107.2x 19.8x 29.6x ORCL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 152.1x 14.7x 29.2x ORCL
Faster revenue growthRevenue growth, trailing twelve months +32.0% +21.6% +16.2% SNOW
More profitableNet margin, trailing twelve months -20.1% 26.2% 20.8% ORCL
Better return on capitalReturn on invested capital — 11.0% 0.0% ORCL
Less leveragedLower net debt / EBITDA — 2.6x -10.8x ESTC
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months +28.6% -55.0% +17.5% SNOW
Better 5-year returnAnnualised price return, 5 years -0.9%/yr +5.1%/yr -9.5%/yr ORCL
Less volatileAnnualised volatility, 1 year 63.1% 56.9% 58.0% ORCL
Higher overall scoreMean of the five percentile scores vs peers 45/100 54/100 72/100 ESTC

Percentile Scorecard

SNOWORCLESTC

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

AxisSNOWORCLESTC
Valuation 26 #92 of 124 56 #45 of 101 72 #36 of 124
Growth 69 #36 of 113 65 #35 of 97 82 #21 of 113
Profitability 50 #56 of 110 87 #13 of 94 66 #38 of 110
Financial Health 23 #100 of 129 40 #66 of 109 53 #61 of 129
Shareholder Returns 58 #29 of 68 21 #51 of 64 85 #11 of 68
Overall 45 54 72
  • SNOW ranked among 137 companies in Infrastructure Software
  • ORCL ranked among 114 companies in Business Applications
  • 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

PeriodSNOWORCLESTCSPY
1 month -2.8%-12.8%+12.2% -1.0%
3 months +21.4%+9.6%+74.5% +2.9%
6 months +131.9%-27.2%+120.7% +6.4%
Year to date +48.4%-35.3%+35.8% +11.4%
1 year +28.6%-55.0%+17.5% +13.1%
3 years +115.4%+22.2%+26.8% +79.4%
3 years, per year +29.2%+6.9%+8.2% +21.5%
5 years -4.2%+28.3%-39.4% +67.7%
5 years, per year -0.9%+5.1%-9.5% +10.9%
10 years —+232.4%— +255.2%
10 years, per year —+12.8%— +13.5%

Risk

MeasureSNOWORCLESTCSPY
Volatility, 1Y 63.1%56.9%58.0% 12.7%
Downside volatility, 1Y 54.8%56.7%59.3% 12.7%
Beta vs S&P 500, 1Y 1.352.221.13 1.00
Return / volatility, 1Y 0.45-0.970.30 1.03
Max drawdown, 5Y -73.0%-65.0%-76.8% -25.4%
From 52-week high -11.8%-55.5%0.0% -2.5%
52-week high $368.93$283.33$102.42 $779.14
52-week low $121.11$115.01$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.

MultipleSNOWORCLESTC
P/E now vs peer median -104.2xmedian 37.4x 19.9xmedian 29.9x 28.5xmedian 37.4x
P/S now vs peer median 21.1xmedian 4.4x 5.3xmedian 2.8x 6.0xmedian 4.4x
EV/EBITDA now vs peer median -143.2xmedian 35.0x 13.8xmedian 17.4x 119.4xmedian 35.0x
P/FCF now vs peer median 96.0xmedian 27.2x -13.3xmedian 16.9x 30.8xmedian 27.2x
P/B now vs peer median 53.4xmedian 3.4x 5.7xmedian 3.1x 8.3xmedian 3.4x
PEG now vs peer median 17.64median 1.27 0.84median 0.86 0.53median 1.27

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 monthsSNOWORCLESTC
Revenue $5.43B $71.78B $1.80B
Gross profit $3.64B – $1.36B
Operating income -$1.24B $23.06B -$47.61M
Net income -$1.09B $18.92B $375.64M
Free cash flow $1.20B -$28.72B $349.04M
R&D $2.11B $10.18B $455.30M
EPS (diluted) $-3.12 $6.27 $3.59
Cash & equivalents $1.71B $36.37B $879.87M
Total debt – $497.56B $571.20M
Shares (diluted) 349.26M 3.00B 104.64M
Enterprise value $104.25B $245.49B $5.66B

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
MetricSNOWORCLESTC
P/E -104.2x 19.9x 28.5x
P/FCF 96.0x -13.3x 30.8x
P/Operating cash flow 91.5x 8.1x 30.4x
P/S 21.1x 5.3x 6.0x
P/B 53.4x 5.7x 8.3x
P/Tangible book 66.6x 5.7x 8.4x
EV/EBITDA -143.2x 13.8x 119.4x
EV/EBIT -90.8x 20.4x -207.4x
EV/Revenue 20.7x 6.5x 5.5x
EV/FCF 94.0x -16.3x 28.3x
EV/Operating cash flow 89.7x 10.0x 27.9x
PEG (3Y EPS CAGR) 17.64 0.84 0.53

Growth

14 metrics
MetricSNOWORCLESTC
Revenue growth (1Y) 32.0% 21.6% 16.2%
Revenue CAGR (3Y) 30.5% 12.1% 17.4%
Gross profit growth (1Y) 32.9% – 16.7%
Gross profit CAGR (3Y) 31.0% – 18.8%
Operating income growth (1Y) 19.7% 28.3% -56.0%
Operating income CAGR (3Y) -7.2% 18.8% 37.5%
Net income growth (1Y) 21.1% 52.1% 549.9%
Net income CAGR (3Y) -8.2% 26.4% 55.3%
EPS growth (1Y) 24.1% 46.7% 555.6%
EPS CAGR (3Y) -5.9% 23.6% 53.7%
Operating cash flow growth (1Y) 49.6% 118.0% 11.3%
Operating cash flow CAGR (3Y) 22.7% 38.3% 62.1%
Free cash flow growth (1Y) 59.1% -388.4% 11.2%
Free cash flow CAGR (3Y) 22.4% -71.4% 63.2%

Profitability

14 metrics
MetricSNOWORCLESTC
Gross margin 67.0% – 75.5%
EBITDA margin -14.4% 47.3% 4.6%
Operating margin -22.8% 32.1% -2.6%
Pretax margin -19.8% 30.3% -1.1%
Net margin -20.1% 26.2% 20.8%
FCF margin 22.0% -40.0% 19.4%
Operating cash flow margin 23.1% 65.4% 19.6%
Return on equity -53.2% 34.3% 29.2%
Return on assets -12.6% 6.7% 12.2%
Return on invested capital – 11.0% 0.0%
Return on capital employed -25.2% 9.8% -2.3%
Asset turnover 0.6x 0.3x 0.6x
Cash conversion (OCF / net income) -1.1x 2.5x 0.9x
Stock comp / revenue 30.2% 6.7% 16.8%

Financial Health

11 metrics
MetricSNOWORCLESTC
Debt / assets – 41.3% 19.0%
Debt / equity – 1.9x 0.4x
Net debt / EBITDA – 2.6x -10.8x
Debt / FCF – -4.4x 1.6x
Liabilities / assets 75.3% 77.8% 56.8%
Equity / assets 24.7% 22.2% 43.2%
Interest coverage -148.8x 4.5x -1.9x
Current ratio 0.9x 1.2x 1.8x
Quick ratio 0.8x 1.0x 1.6x
Cash ratio 0.6x 0.8x 1.4x
Altman Z-score 8.99 1.48 4.32

Shareholder Returns

7 metrics
MetricSNOWORCLESTC
Dividend yield – 1.6% –
Net buyback yield 0.4% -5.3% 3.2%
Shareholder yield 0.4% -3.7% 3.2%
Payout ratio (earnings) – 31.4% –
Payout ratio (FCF) – -20.7% –
Dividend growth (1Y) – 17.5% –
Dividend CAGR (3Y) – 15.1% –

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.

ConsensusSNOWORCLESTC
Forward P/E 152.1xFY2026 14.7xFY2026 29.2xFY2026
EPS, next fiscal year $2.14FY2026 $8.57FY2026 $3.51FY2026
EPS growth, next FY +71.2%FY2026 +12.3%FY2026 +36.6%FY2026
EPS growth, the year after +37.4% +23.0% +19.4%
Revenue, next fiscal year $6.16BFY2026 $95.06BFY2026 $1.88BFY2026
Revenue growth, next FY +31.5%FY2026 +41.1%FY2026 +8.2%FY2026
Revenue growth, the year after +41.5% +45.6% +18.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSNOWORCLESTC
Held by institutions 79.8% 44.7% 86.4%
Institutions holding 1,459 3,495 371
Change in shares held, QoQ +9.1% +6.5% +1.7%
Institutions buying 850 1,807 199
Institutions selling 473 1,308 129
Buyers to sellers 1.80 1.38 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.

SNOWORCLESTC
SNOW 1.00 0.44 0.59
ORCL 0.44 1.00 0.45
ESTC 0.59 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SNOW, ORCL and ESTC?

Oracle (ORCL) is the largest by market capitalisation: Snowflake (SNOW) $116.93B, Oracle (ORCL) $373.36B, Elastic (ESTC) $11.14B.

Which stock is cheaper, SNOW, ORCL and ESTC?

Oracle (ORCL) trades on the lowest price-to-earnings ratio (Snowflake (SNOW) -107.2x, Oracle (ORCL) 19.8x, Elastic (ESTC) 29.6x). On next year's consensus earnings, Oracle (ORCL) is cheapest (Snowflake (SNOW) 152.1x, Oracle (ORCL) 14.7x, Elastic (ESTC) 29.2x). 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%, Oracle (ORCL) +21.6%, Elastic (ESTC) +16.2%.

Which company is more profitable?

Oracle (ORCL) has the highest net margin (Snowflake (SNOW) -20.1%, Oracle (ORCL) 26.2%, Elastic (ESTC) 20.8%). On return on invested capital, Oracle (ORCL) leads (Oracle (ORCL) 11.0%, Elastic (ESTC) 0.0%).

Which stock has performed better?

Over the past year Snowflake (SNOW) returned the most: Snowflake (SNOW) +28.6%, Oracle (ORCL) -55.0%, Elastic (ESTC) +17.5%. Over five years, Oracle (ORCL) compounded fastest (Snowflake (SNOW) -0.9%/yr, Oracle (ORCL) +5.1%/yr, Elastic (ESTC) -9.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Snowflake (SNOW) 0.00%, Oracle (ORCL) 0.02%, Elastic (ESTC) 0.00%. Snowflake (SNOW) and Elastic (ESTC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Oracle (ORCL) has been the steadiest (Snowflake (SNOW) 63.1%, Oracle (ORCL) 56.9%, Elastic (ESTC) 58.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SNOW, ORCL 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, Oracle (ORCL) leads on 7. 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.