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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and Elastic N.V. (ESTC). Click either name above to swap in a different company.

Elastic N.V. is the larger business by last-quarter revenue ($423.5M vs $239.8M, roughly 1.8× DONEGAL GROUP INC). DONEGAL GROUP INC runs the higher net margin — 7.2% vs -12.1%, a 19.3% gap on every dollar of revenue. On growth, Elastic N.V. posted the faster year-over-year revenue change (15.9% vs -4.1%). Over the past eight quarters, Elastic N.V.'s revenue compounded faster (13.6% CAGR vs -0.3%).

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

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...

DGICA vs ESTC — Head-to-Head

Bigger by revenue
ESTC
ESTC
1.8× larger
ESTC
$423.5M
$239.8M
DGICA
Growing faster (revenue YoY)
ESTC
ESTC
+20.0% gap
ESTC
15.9%
-4.1%
DGICA
Higher net margin
DGICA
DGICA
19.3% more per $
DGICA
7.2%
-12.1%
ESTC
Faster 2-yr revenue CAGR
ESTC
ESTC
Annualised
ESTC
13.6%
-0.3%
DGICA

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
DGICA
DGICA
ESTC
ESTC
Revenue
$239.8M
$423.5M
Net Profit
$17.2M
$-51.3M
Gross Margin
75.9%
Operating Margin
8.7%
-1.9%
Net Margin
7.2%
-12.1%
Revenue YoY
-4.1%
15.9%
Net Profit YoY
-28.4%
-101.5%
EPS (diluted)
$-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
DGICA
DGICA
ESTC
ESTC
Q4 25
$239.8M
$423.5M
Q3 25
$245.9M
$415.3M
Q2 25
$247.1M
$388.4M
Q1 25
$245.2M
$382.1M
Q4 24
$250.0M
$365.4M
Q3 24
$251.7M
$347.4M
Q2 24
$246.8M
$335.0M
Q1 24
$241.1M
$328.0M
Net Profit
DGICA
DGICA
ESTC
ESTC
Q4 25
$17.2M
$-51.3M
Q3 25
$20.1M
$-24.6M
Q2 25
$16.9M
$-16.4M
Q1 25
$25.2M
$-17.1M
Q4 24
$24.0M
$-25.4M
Q3 24
$16.8M
$-49.2M
Q2 24
$4.2M
$-41.1M
Q1 24
$6.0M
$176.1M
Gross Margin
DGICA
DGICA
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
DGICA
DGICA
ESTC
ESTC
Q4 25
8.7%
-1.9%
Q3 25
10.2%
-2.3%
Q2 25
8.3%
-3.1%
Q1 25
12.7%
-1.2%
Q4 24
11.9%
-1.2%
Q3 24
8.1%
-9.7%
Q2 24
2.0%
-13.6%
Q1 24
3.0%
-8.1%
Net Margin
DGICA
DGICA
ESTC
ESTC
Q4 25
7.2%
-12.1%
Q3 25
8.2%
-5.9%
Q2 25
6.8%
-4.2%
Q1 25
10.3%
-4.5%
Q4 24
9.6%
-7.0%
Q3 24
6.7%
-14.2%
Q2 24
1.7%
-12.3%
Q1 24
2.5%
53.7%
EPS (diluted)
DGICA
DGICA
ESTC
ESTC
Q4 25
$-0.48
Q3 25
$-0.23
Q2 25
$-0.15
Q1 25
$-0.16
Q4 24
$-0.25
Q3 24
$-0.48
Q2 24
$-0.35
Q1 24
$1.69

Balance Sheet & Financial Strength

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

Metric
DGICA
DGICA
ESTC
ESTC
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
$570.3M
Stockholders' EquityBook value
$640.4M
$891.1M
Total Assets
$2.4B
$2.5B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DGICA
DGICA
ESTC
ESTC
Q4 25
$1.4B
Q3 25
$1.5B
Q2 25
$1.4B
Q1 25
$584.0M
Q4 24
$658.5M
Q3 24
$594.9M
Q2 24
$1.1B
Q1 24
$526.9M
Total Debt
DGICA
DGICA
ESTC
ESTC
Q4 25
$570.3M
Q3 25
$570.0M
Q2 25
$569.7M
Q1 25
$569.4M
Q4 24
$569.2M
Q3 24
$568.9M
Q2 24
$568.6M
Q1 24
$568.3M
Stockholders' Equity
DGICA
DGICA
ESTC
ESTC
Q4 25
$640.4M
$891.1M
Q3 25
$627.4M
$971.4M
Q2 25
$605.7M
$927.2M
Q1 25
$584.7M
$859.1M
Q4 24
$545.8M
$811.5M
Q3 24
$513.4M
$759.4M
Q2 24
$484.1M
$738.2M
Q1 24
$485.1M
$707.8M
Total Assets
DGICA
DGICA
ESTC
ESTC
Q4 25
$2.4B
$2.5B
Q3 25
$2.4B
$2.5B
Q2 25
$2.4B
$2.6B
Q1 25
$2.4B
$2.3B
Q4 24
$2.3B
$2.2B
Q3 24
$2.3B
$2.2B
Q2 24
$2.3B
$2.2B
Q1 24
$2.3B
$2.1B
Debt / Equity
DGICA
DGICA
ESTC
ESTC
Q4 25
0.64×
Q3 25
0.59×
Q2 25
0.61×
Q1 25
0.66×
Q4 24
0.70×
Q3 24
0.75×
Q2 24
0.77×
Q1 24
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
DGICA
DGICA
ESTC
ESTC
Operating Cash FlowLast quarter
$70.2M
$26.6M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
6.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$302.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DGICA
DGICA
ESTC
ESTC
Q4 25
$70.2M
$26.6M
Q3 25
$22.4M
$104.8M
Q2 25
$12.1M
$87.0M
Q1 25
$25.7M
$88.1M
Q4 24
$67.4M
$38.4M
Q3 24
$12.7M
$52.8M
Q2 24
$21.7M
$60.9M
Q1 24
$4.8M
$52.4M
Free Cash Flow
DGICA
DGICA
ESTC
ESTC
Q4 25
$26.0M
Q3 25
$104.2M
Q2 25
$84.9M
Q1 25
$87.3M
Q4 24
$37.7M
Q3 24
$52.0M
Q2 24
$60.1M
Q1 24
$51.3M
FCF Margin
DGICA
DGICA
ESTC
ESTC
Q4 25
6.1%
Q3 25
25.1%
Q2 25
21.8%
Q1 25
22.8%
Q4 24
10.3%
Q3 24
15.0%
Q2 24
17.9%
Q1 24
15.6%
Capex Intensity
DGICA
DGICA
ESTC
ESTC
Q4 25
0.1%
Q3 25
0.2%
Q2 25
0.5%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.3%
Q1 24
0.3%
Cash Conversion
DGICA
DGICA
ESTC
ESTC
Q4 25
4.08×
Q3 25
1.11×
Q2 25
0.72×
Q1 25
1.02×
Q4 24
2.81×
Q3 24
0.76×
Q2 24
5.22×
Q1 24
0.81×
0.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DGICA
DGICA

Commercial Lines Segment$140.8M59%
Personal Lines Segment$86.0M36%
Investments Function Segment$12.4M5%

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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