Elastic (ESTC) Return on Capital Employed [ROCE] (2019 - 2026)
Elastic (ESTC) reported Return on Capital Employed [ROCE] of -2.33% for fiscal Q1 2027 (quarter ended Jul 31, 2026), down 0.49 percentage points from -1.84% a year earlier and down 0.23 percentage points from the prior quarter.
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Analysis
Elastic (ESTC) Return on Capital Employed [ROCE] (2019 - 2026) Analysis & Trends
For FY2026 (ended Apr 30, 2026), Elastic posted Return on Capital Employed [ROCE] of -2.01%, up 1.89 percentage points from FY2025.
- Return on Capital Employed [ROCE] has increased for seven consecutive fiscal years, with a five-year change of +27.52 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Capital Employed [ROCE] came in at -3.90% in FY2025 (+7.68 pp), -11.58% in FY2024 (+10.86 pp), -22.44% in FY2023 (+1.86 pp) and -24.30% in FY2022 (+5.23 pp).
- The fiscal Q1 2027 figure ranks as the lowest quarterly Return on Capital Employed [ROCE] since fiscal Q4 2025.
- Year over year, Return on Capital Employed [ROCE] gained in seven of the last eight quarters, with an average year-over-year change of +4.63 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was fiscal Q2 2022 (a gain of 13.98 percentage points); the low point was fiscal Q3 2023 (a drop of 9.87 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at -2.10% (Q4 2026), -1.97% (Q3 2026) and -2.18% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | 1.86% |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | -1.66% |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 44.16% |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | -25.24% |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | 0.30% |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 3.21% |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 0.40% |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | -0.47% |
| 10 | Elastic | 9.88 Bn | 4.40 Bn | 356.19 Mn | -2.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -2.33% |
| 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% |
API Access
Elastic Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ESTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "ESTC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ESTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();