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Side-by-side financial comparison of California Resources Corp (CRC) and Elastic N.V. (ESTC). Click either name above to swap in a different company.

California Resources Corp is the larger business by last-quarter revenue ($679.0M vs $423.5M, roughly 1.6× Elastic N.V.). California Resources Corp runs the higher net margin — 1.8% vs -12.1%, a 13.9% gap on every dollar of revenue. On growth, Elastic N.V. posted the faster year-over-year revenue change (15.9% vs -17.8%). California Resources Corp produced more free cash flow last quarter ($115.0M vs $26.0M). Over the past eight quarters, California Resources Corp's revenue compounded faster (25.8% CAGR vs 13.6%).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

Elastic is a Dutch-American software company that provides a platform for enterprise search, observability, and cybersecurity. Its product enables users to search and analyze large-scale data, monitor system performance, and detect anomalies. Originally known as Elasticsearch, the company was founded in 2012 in Amsterdam, Netherlands, and has maintained its operational headquarters in both the Netherlands and San Francisco, California, US. Elastic is publicly traded on the New York Stock Exch...

CRC vs ESTC — Head-to-Head

Bigger by revenue
CRC
CRC
1.6× larger
CRC
$679.0M
$423.5M
ESTC
Growing faster (revenue YoY)
ESTC
ESTC
+33.7% gap
ESTC
15.9%
-17.8%
CRC
Higher net margin
CRC
CRC
13.9% more per $
CRC
1.8%
-12.1%
ESTC
More free cash flow
CRC
CRC
$89.0M more FCF
CRC
$115.0M
$26.0M
ESTC
Faster 2-yr revenue CAGR
CRC
CRC
Annualised
CRC
25.8%
13.6%
ESTC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CRC
CRC
ESTC
ESTC
Revenue
$679.0M
$423.5M
Net Profit
$12.0M
$-51.3M
Gross Margin
75.9%
Operating Margin
6.9%
-1.9%
Net Margin
1.8%
-12.1%
Revenue YoY
-17.8%
15.9%
Net Profit YoY
-63.6%
-101.5%
EPS (diluted)
$0.21
$-0.48

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CRC
CRC
ESTC
ESTC
Q4 25
$679.0M
$423.5M
Q3 25
$715.0M
$415.3M
Q2 25
$702.0M
$388.4M
Q1 25
$814.0M
$382.1M
Q4 24
$826.0M
$365.4M
Q3 24
$870.0M
$347.4M
Q2 24
$412.0M
$335.0M
Q1 24
$429.0M
$328.0M
Net Profit
CRC
CRC
ESTC
ESTC
Q4 25
$12.0M
$-51.3M
Q3 25
$64.0M
$-24.6M
Q2 25
$172.0M
$-16.4M
Q1 25
$115.0M
$-17.1M
Q4 24
$33.0M
$-25.4M
Q3 24
$345.0M
$-49.2M
Q2 24
$8.0M
$-41.1M
Q1 24
$-10.0M
$176.1M
Gross Margin
CRC
CRC
ESTC
ESTC
Q4 25
75.9%
Q3 25
76.7%
Q2 25
74.8%
Q1 25
74.6%
Q4 24
74.5%
Q3 24
73.6%
Q2 24
73.8%
Q1 24
74.2%
Operating Margin
CRC
CRC
ESTC
ESTC
Q4 25
6.9%
-1.9%
Q3 25
13.7%
-2.3%
Q2 25
38.0%
-3.1%
Q1 25
22.9%
-1.2%
Q4 24
8.2%
-1.2%
Q3 24
59.5%
-9.7%
Q2 24
9.2%
-13.6%
Q1 24
-0.9%
-8.1%
Net Margin
CRC
CRC
ESTC
ESTC
Q4 25
1.8%
-12.1%
Q3 25
9.0%
-5.9%
Q2 25
24.5%
-4.2%
Q1 25
14.1%
-4.5%
Q4 24
4.0%
-7.0%
Q3 24
39.7%
-14.2%
Q2 24
1.9%
-12.3%
Q1 24
-2.3%
53.7%
EPS (diluted)
CRC
CRC
ESTC
ESTC
Q4 25
$0.21
$-0.48
Q3 25
$0.76
$-0.23
Q2 25
$1.92
$-0.15
Q1 25
$1.26
$-0.16
Q4 24
$0.87
$-0.25
Q3 24
$3.78
$-0.48
Q2 24
$0.11
$-0.35
Q1 24
$-0.14
$1.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRC
CRC
ESTC
ESTC
Cash + ST InvestmentsLiquidity on hand
$132.0M
$1.4B
Total DebtLower is stronger
$570.3M
Stockholders' EquityBook value
$3.7B
$891.1M
Total Assets
$7.4B
$2.5B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
ESTC
ESTC
Q4 25
$132.0M
$1.4B
Q3 25
$196.0M
$1.5B
Q2 25
$72.0M
$1.4B
Q1 25
$214.0M
$584.0M
Q4 24
$372.0M
$658.5M
Q3 24
$241.0M
$594.9M
Q2 24
$1.0B
$1.1B
Q1 24
$403.0M
$526.9M
Total Debt
CRC
CRC
ESTC
ESTC
Q4 25
$570.3M
Q3 25
$1.0B
$570.0M
Q2 25
$1.0B
$569.7M
Q1 25
$1.0B
$569.4M
Q4 24
$1.1B
$569.2M
Q3 24
$1.1B
$568.9M
Q2 24
$1.2B
$568.6M
Q1 24
$541.0M
$568.3M
Stockholders' Equity
CRC
CRC
ESTC
ESTC
Q4 25
$3.7B
$891.1M
Q3 25
$3.4B
$971.4M
Q2 25
$3.4B
$927.2M
Q1 25
$3.5B
$859.1M
Q4 24
$3.5B
$811.5M
Q3 24
$3.5B
$759.4M
Q2 24
$2.1B
$738.2M
Q1 24
$2.1B
$707.8M
Total Assets
CRC
CRC
ESTC
ESTC
Q4 25
$7.4B
$2.5B
Q3 25
$6.8B
$2.5B
Q2 25
$6.7B
$2.6B
Q1 25
$6.8B
$2.3B
Q4 24
$7.1B
$2.2B
Q3 24
$7.1B
$2.2B
Q2 24
$4.5B
$2.2B
Q1 24
$3.9B
$2.1B
Debt / Equity
CRC
CRC
ESTC
ESTC
Q4 25
0.64×
Q3 25
0.29×
0.59×
Q2 25
0.30×
0.61×
Q1 25
0.29×
0.66×
Q4 24
0.32×
0.70×
Q3 24
0.32×
0.75×
Q2 24
0.57×
0.77×
Q1 24
0.26×
0.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CRC
CRC
ESTC
ESTC
Operating Cash FlowLast quarter
$235.0M
$26.6M
Free Cash FlowOCF − Capex
$115.0M
$26.0M
FCF MarginFCF / Revenue
16.9%
6.1%
Capex IntensityCapex / Revenue
17.7%
0.1%
Cash ConversionOCF / Net Profit
19.58×
TTM Free Cash FlowTrailing 4 quarters
$543.0M
$302.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
ESTC
ESTC
Q4 25
$235.0M
$26.6M
Q3 25
$279.0M
$104.8M
Q2 25
$165.0M
$87.0M
Q1 25
$186.0M
$88.1M
Q4 24
$206.0M
$38.4M
Q3 24
$220.0M
$52.8M
Q2 24
$97.0M
$60.9M
Q1 24
$87.0M
$52.4M
Free Cash Flow
CRC
CRC
ESTC
ESTC
Q4 25
$115.0M
$26.0M
Q3 25
$188.0M
$104.2M
Q2 25
$109.0M
$84.9M
Q1 25
$131.0M
$87.3M
Q4 24
$118.0M
$37.7M
Q3 24
$141.0M
$52.0M
Q2 24
$63.0M
$60.1M
Q1 24
$33.0M
$51.3M
FCF Margin
CRC
CRC
ESTC
ESTC
Q4 25
16.9%
6.1%
Q3 25
26.3%
25.1%
Q2 25
15.5%
21.8%
Q1 25
16.1%
22.8%
Q4 24
14.3%
10.3%
Q3 24
16.2%
15.0%
Q2 24
15.3%
17.9%
Q1 24
7.7%
15.6%
Capex Intensity
CRC
CRC
ESTC
ESTC
Q4 25
17.7%
0.1%
Q3 25
12.7%
0.2%
Q2 25
8.0%
0.5%
Q1 25
6.8%
0.2%
Q4 24
10.7%
0.2%
Q3 24
9.1%
0.2%
Q2 24
8.3%
0.3%
Q1 24
12.6%
0.3%
Cash Conversion
CRC
CRC
ESTC
ESTC
Q4 25
19.58×
Q3 25
4.36×
Q2 25
0.96×
Q1 25
1.62×
Q4 24
6.24×
Q3 24
0.64×
Q2 24
12.13×
Q1 24
0.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CRC
CRC

Oil And Natural Gas Segment$645.0M95%
Natural Gas Production$26.0M4%
Other$7.0M1%

ESTC
ESTC

Self Managed Subscription$192.0M45%
Saa S Self Managed Annual$156.9M37%
Saa S Self Managed Monthly$48.8M12%
Professional Services$25.8M6%

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