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| Date | Value |
|---|---|
| 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% |