Elastic (ESTC) Return on Capital Employed (2019 - 2026)

Elastic's (ESTC) quarterly Return on Capital Employed came in at 2.1% in Q2 2026, up 167.0% YoY from 0.79% in Q2 2025, and down 6.68% on a QoQ basis from 1.97% in Q1 2026.

Elastic (ESTC) Return on Capital Employed (2019 - 2026) Analysis & Trends

Elastic's Return on Capital Employed history runs 8 years deep, the most recent figure standing at 2.1% for Q2 2026.

  • On a quarterly basis, Return on Capital Employed rose 167.0% year-over-year to 2.1% in Q2 2026; TTM through Apr 2026 was 2.1%, a 167.0% increase from a year earlier, with the FY2026 full-year figure at 2.01%, up 189.0% from the prior year.
  • Return on Capital Employed was 2.1% for Q2 2026 at Elastic, down from 1.97% in the prior quarter.
  • Over the last five years, Return on Capital Employed for ESTC reached as high as 1.84% in Q3 2025 and fell as low as 24.01% in Q1 2023.
  • A 5-year average of 11.62% and a median of 10.34% in 2024 frame the typical range for Return on Capital Employed.
  • The widest annual swing landed in 2023, when Return on Capital Employed plunged 987 bps; it then soared 1347 bps in 2024.
  • Tracing ESTC's Return on Capital Employed over 5 years: stood at 21.61% in 2022, then advanced by 26 bps to 16.05% in 2023, then surged by 51 bps to 7.88% in 2024, then soared by 72 bps to 2.18% in 2025, then increased by 4 bps to 2.1% in 2026.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 2.1%, 1.97%, and 2.18% for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 40.19%
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 9.54%
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 12.81%
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 12.40%
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 10.65%
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 17.43%
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 12.32%
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn -20.99%
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 51.24%
10 Elastic 6.35 Bn 5.57 Bn 339.62 Mn -2.10%

Historic Data

Download Data
DateValue
Apr 30, 2026 -2.10%
Jan 31, 2026 -1.97%
Oct 31, 2025 -2.18%
Jul 31, 2025 -1.84%
Apr 30, 2025 -3.78%
Jan 31, 2025 -6.14%
Oct 31, 2024 -7.88%
Jul 31, 2024 -8.93%
Apr 30, 2024 -10.15%
Jan 31, 2024 -10.54%
Oct 31, 2023 -16.05%
Jul 31, 2023 -18.54%
Apr 30, 2023 -22.62%
Jan 31, 2023 -24.01%
Oct 31, 2022 -21.61%
Jul 31, 2022 -19.42%
Apr 30, 2022 -17.23%
Jan 31, 2022 -14.14%
Oct 31, 2021 -13.18%
Jul 31, 2021 -16.14%