Comprehensive Stock Comparison
Compare OneStream, Inc. Class A Common Stock (OS) vs Elastic N.V. (ESTC) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | OS | 23.0% revenue growth vs ESTC's 17.0% |
| Value | ESTC | Lower P/E (21.0x vs 86.3x) |
| Quality / Margins | ESTC | -5.0% net margin vs OS's -8.4% |
| Stability / Safety | ESTC | Beta 1.39 vs OS's 1.46 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | OS | +1.2% vs ESTC's -55.3% |
| Efficiency (ROA) | ESTC | -3.5% ROA vs OS's -4.9% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
OneStream provides a unified AI-enabled financial planning and analysis software platform for enterprises. It generates revenue primarily through subscription fees for its Digital Finance Cloud platform — which handles financial consolidation, planning, and reporting — with additional services revenue. The company's key advantage is its unified platform approach that eliminates the need for multiple point solutions, creating significant switching costs and integration depth for enterprise customers.
Elastic is a search and data analytics software company that provides the Elastic Stack platform for real-time search, observability, and security use cases. It generates revenue primarily through subscription-based software sales — about 90% from cloud and self-managed offerings — with the remainder from professional services. Its competitive advantage lies in its widely adopted open-source core (Elasticsearch) that creates a large developer ecosystem and network effects.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
OS leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). ESTC leads in 1 (Financial Metrics). 1 tied.
Financial Metrics (TTM)
ESTC is the larger business by revenue, generating $1.7B annually — 2.8x OS's $602M. Profitability is closely matched — net margins range from -5.0% (ESTC) to -8.4% (OS). On growth, OS holds the edge at +23.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | OSOneStream, Inc. C… | ESTCElastic N.V. |
|---|---|---|
| RevenueTrailing 12 months | $602M | $1.7B |
| EBITDAEarnings before interest/tax | -$92M | -$27M |
| Net IncomeAfter-tax profit | -$50M | -$85M |
| Free Cash FlowCash after capex | $96M | $257M |
| Gross MarginGross profit ÷ Revenue | +68.7% | +76.0% |
| Operating MarginEBIT ÷ Revenue | -15.7% | -1.7% |
| Net MarginNet income ÷ Revenue | -8.4% | -5.0% |
| FCF MarginFCF ÷ Revenue | +15.9% | +15.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +23.6% | +17.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +104.1% | +143.8% |
Valuation Metrics
| Metric | OSOneStream, Inc. C… | ESTCElastic N.V. |
|---|---|---|
| Market CapShares × price | $1.9B | $5.5B |
| Enterprise ValueMkt cap + debt − cash | $1.2B | $5.4B |
| Trailing P/EPrice ÷ TTM EPS | -84.25x | -50.07x |
| Forward P/EPrice ÷ next-FY EPS est. | 86.32x | 20.96x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 3.15x | 3.70x |
| Price / BookPrice ÷ Book value/share | 7.16x | 5.82x |
| Price / FCFMarket cap ÷ FCF | 19.81x | 20.99x |
Profitability & Efficiency
OS delivers a -8.4% return on equity — every $100 of shareholder capital generates $-8 in annual profit, vs $-11 for ESTC. OS carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to ESTC's 0.64x. On the Piotroski fundamental quality scale (0–9), ESTC scores 7/9 vs OS's 5/9, reflecting strong financial health.
| Metric | OSOneStream, Inc. C… | ESTCElastic N.V. |
|---|---|---|
| ROE (TTM)Return on equity | -8.4% | -10.7% |
| ROA (TTM)Return on assets | -4.9% | -3.5% |
| ROICReturn on invested capital | — | -5.2% |
| ROCEReturn on capital employed | -16.8% | -3.7% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.02x | 0.64x |
| Net DebtTotal debt minus cash | -$679M | -$133M |
| Cash & Equiv.Liquid assets | $694M | $728M |
| Total DebtShort + long-term debt | $15M | $595M |
| Interest CoverageEBIT ÷ Interest expense | — | -2.17x |
Total Returns (with DRIP)
A $10,000 investment in OS five years ago would be worth $8,786 today (with dividends reinvested), compared to $3,595 for ESTC. Over the past 12 months, OS leads with a +1.2% total return vs ESTC's -55.3%. The 3-year compound annual growth rate (CAGR) favors ESTC at -4.1% vs OS's -4.2% — a key indicator of consistent wealth creation.
| Metric | OSOneStream, Inc. C… | ESTCElastic N.V. |
|---|---|---|
| YTD ReturnYear-to-date | +33.1% | -28.2% |
| 1-Year ReturnPast 12 months | +1.2% | -55.3% |
| 3-Year ReturnCumulative with dividends | -12.1% | -11.8% |
| 5-Year ReturnCumulative with dividends | -12.1% | -64.1% |
| 10-Year ReturnCumulative with dividends | -12.1% | -25.6% |
| CAGR (3Y)Annualised 3-year return | -4.2% | -4.1% |
Risk & Volatility
ESTC is the less volatile stock with a 1.39 beta — it tends to amplify market swings less than OS's 1.46 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OS currently trades 79.5% from its 52-week high vs ESTC's 44.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | OSOneStream, Inc. C… | ESTCElastic N.V. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.46x | 1.39x |
| 52-Week HighHighest price in past year | $29.66 | $117.49 |
| 52-Week LowLowest price in past year | $16.51 | $49.90 |
| % of 52W HighCurrent price vs 52-week peak | +79.5% | +44.3% |
| RSI (14)Momentum oscillator 0–100 | 63.5 | 47.0 |
| Avg Volume (50D)Average daily shares traded | 4.5M | 1.3M |
Analyst Outlook
Wall Street rates OS as "Hold" and ESTC as "Buy". Consensus price targets imply 99.7% upside for ESTC (target: $104) vs 2.1% for OS (target: $24).
| Metric | OSOneStream, Inc. C… | ESTCElastic N.V. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $24.08 | $104.00 |
| # AnalystsCovering analysts | 21 | 34 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Jul 24 | Feb 26 | Change |
|---|---|---|---|
| OneStream, Inc. Cla… (OS) | 100 | 87.78 | -12.2% |
| Elastic N.V. (ESTC) | 100 | 61.09 | -38.9% |
OneStream, Inc. Cla… (OS) returned -12% over 5 years vs Elastic N.V. (ESTC)'s -64%.
Chart 2Revenue Growth — 10 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| OneStream, Inc. Cla… (OS) | $279M | $602M | +115.5% |
| Elastic N.V. (ESTC) | $88M | $1.5B | +1582.2% |
Elastic N.V.'s revenue grew from $88M (2017) to $1.5B (2025) — a 42.3% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| OneStream, Inc. Cla… (OS) | -23.4% | -8.4% | +64.3% |
| Elastic N.V. (ESTC) | -58.9% | -7.3% | +87.6% |
Elastic N.V.'s net margin went from -59% (2017) to -7% (2025).
Chart 4EPS Growth — 10 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| OneStream, Inc. Cla… (OS) | -0.28 | -0.28 | +0.0% |
| Elastic N.V. (ESTC) | -0.84 | -1.04 | -23.8% |
Elastic N.V.'s EPS grew from $-0.84 (2017) to $-1.04 (2025).
Chart 5Free Cash Flow — 5 Years
OneStream, Inc. Class A Common Stock generated $96M FCF in 2025 (+352% vs 2022). Elastic N.V. generated $262M FCF in 2025 (+1329% vs 2021).
OS vs ESTC: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is OS or ESTC a better buy right now?
Analysts rate Elastic N.V. (ESTC) a "Buy" — based on 34 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — OS or ESTC?
Over the past 5 years, OneStream, Inc. Class A Common Stock (OS) delivered a total return of -12.1%, compared to -64.1% for Elastic N.V. (ESTC). A $10,000 investment in OS five years ago would be worth approximately $9K today (assuming dividends reinvested). Over 10 years, the gap is even starker: OS returned -12.1% versus ESTC's -25.6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — OS or ESTC?
By beta (market sensitivity over 5 years), Elastic N.V. (ESTC) is the lower-risk stock at 1.39β versus OneStream, Inc. Class A Common Stock's 1.46β — meaning OS is approximately 5% more volatile than ESTC relative to the S&P 500. On balance sheet safety, OneStream, Inc. Class A Common Stock (OS) carries a lower debt/equity ratio of 2% versus 64% for Elastic N.V. — giving it more financial flexibility in a downturn.
04Which has better profit margins — OS or ESTC?
Elastic N.V. (ESTC) is the more profitable company, earning -7.3% net margin versus -8.4% for OneStream, Inc. Class A Common Stock — meaning it keeps -7.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ESTC leads at -3.7% versus -15.7% for OS. At the gross margin level — before operating expenses — ESTC leads at 74.4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Is OS or ESTC more undervalued right now?
On forward earnings alone, Elastic N.V. (ESTC) trades at 21.0x forward P/E versus 86.3x for OneStream, Inc. Class A Common Stock — 65.4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ESTC: 99.7% to $104.00.
06Which pays a better dividend — OS or ESTC?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is OS or ESTC better for a retirement portfolio?
For long-horizon retirement investors, Elastic N.V. (ESTC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Both have compounded well over 10 years (ESTC: -25.6%, OS: -12.1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between OS and ESTC?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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