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Side-by-side financial comparison of Elastic N.V. (ESTC) and MATTHEWS INTERNATIONAL CORP (MATW). Click either name above to swap in a different company.

Elastic N.V. is the larger business by last-quarter revenue ($423.5M vs $284.8M, roughly 1.5× MATTHEWS INTERNATIONAL CORP). MATTHEWS INTERNATIONAL CORP runs the higher net margin — 15.3% vs -12.1%, a 27.4% gap on every dollar of revenue. On growth, Elastic N.V. posted the faster year-over-year revenue change (15.9% vs -29.1%). Elastic N.V. produced more free cash flow last quarter ($26.0M vs $-57.2M).

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...

Matthews Aurora Funeral Solutions is one of the largest manufacturers of caskets and funerary urns in the United States, selling over 38% of the country's caskets as of 2005. The Aurora, Indiana–based company is a subsidiary of Pittsburgh-based Matthews International. The company makes both wooden and metal caskets and urns for holding cremated remains. It also provides supplies and consulting services for funeral homes.

ESTC vs MATW — Head-to-Head

Bigger by revenue
ESTC
ESTC
1.5× larger
ESTC
$423.5M
$284.8M
MATW
Growing faster (revenue YoY)
ESTC
ESTC
+45.0% gap
ESTC
15.9%
-29.1%
MATW
Higher net margin
MATW
MATW
27.4% more per $
MATW
15.3%
-12.1%
ESTC
More free cash flow
ESTC
ESTC
$83.3M more FCF
ESTC
$26.0M
$-57.2M
MATW

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ESTC
ESTC
MATW
MATW
Revenue
$423.5M
$284.8M
Net Profit
$-51.3M
$43.6M
Gross Margin
75.9%
35.0%
Operating Margin
-1.9%
34.2%
Net Margin
-12.1%
15.3%
Revenue YoY
15.9%
-29.1%
Net Profit YoY
-101.5%
1356.6%
EPS (diluted)
$-0.48
$1.39

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
ESTC
ESTC
MATW
MATW
Q4 25
$423.5M
$284.8M
Q3 25
$415.3M
Q2 25
$388.4M
Q1 25
$382.1M
Q4 24
$365.4M
Q3 24
$347.4M
Q2 24
$335.0M
Q1 24
$328.0M
Net Profit
ESTC
ESTC
MATW
MATW
Q4 25
$-51.3M
$43.6M
Q3 25
$-24.6M
Q2 25
$-16.4M
Q1 25
$-17.1M
Q4 24
$-25.4M
Q3 24
$-49.2M
Q2 24
$-41.1M
Q1 24
$176.1M
Gross Margin
ESTC
ESTC
MATW
MATW
Q4 25
75.9%
35.0%
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
ESTC
ESTC
MATW
MATW
Q4 25
-1.9%
34.2%
Q3 25
-2.3%
Q2 25
-3.1%
Q1 25
-1.2%
Q4 24
-1.2%
Q3 24
-9.7%
Q2 24
-13.6%
Q1 24
-8.1%
Net Margin
ESTC
ESTC
MATW
MATW
Q4 25
-12.1%
15.3%
Q3 25
-5.9%
Q2 25
-4.2%
Q1 25
-4.5%
Q4 24
-7.0%
Q3 24
-14.2%
Q2 24
-12.3%
Q1 24
53.7%
EPS (diluted)
ESTC
ESTC
MATW
MATW
Q4 25
$-0.48
$1.39
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
ESTC
ESTC
MATW
MATW
Cash + ST InvestmentsLiquidity on hand
$1.4B
$31.4M
Total DebtLower is stronger
$570.3M
$529.8M
Stockholders' EquityBook value
$891.1M
$543.2M
Total Assets
$2.5B
$1.6B
Debt / EquityLower = less leverage
0.64×
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTC
ESTC
MATW
MATW
Q4 25
$1.4B
$31.4M
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
ESTC
ESTC
MATW
MATW
Q4 25
$570.3M
$529.8M
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
ESTC
ESTC
MATW
MATW
Q4 25
$891.1M
$543.2M
Q3 25
$971.4M
Q2 25
$927.2M
Q1 25
$859.1M
Q4 24
$811.5M
Q3 24
$759.4M
Q2 24
$738.2M
Q1 24
$707.8M
Total Assets
ESTC
ESTC
MATW
MATW
Q4 25
$2.5B
$1.6B
Q3 25
$2.5B
Q2 25
$2.6B
Q1 25
$2.3B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Q1 24
$2.1B
Debt / Equity
ESTC
ESTC
MATW
MATW
Q4 25
0.64×
0.98×
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
ESTC
ESTC
MATW
MATW
Operating Cash FlowLast quarter
$26.6M
$-52.0M
Free Cash FlowOCF − Capex
$26.0M
$-57.2M
FCF MarginFCF / Revenue
6.1%
-20.1%
Capex IntensityCapex / Revenue
0.1%
1.8%
Cash ConversionOCF / Net Profit
-1.19×
TTM Free Cash FlowTrailing 4 quarters
$302.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTC
ESTC
MATW
MATW
Q4 25
$26.6M
$-52.0M
Q3 25
$104.8M
Q2 25
$87.0M
Q1 25
$88.1M
Q4 24
$38.4M
Q3 24
$52.8M
Q2 24
$60.9M
Q1 24
$52.4M
Free Cash Flow
ESTC
ESTC
MATW
MATW
Q4 25
$26.0M
$-57.2M
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
ESTC
ESTC
MATW
MATW
Q4 25
6.1%
-20.1%
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
ESTC
ESTC
MATW
MATW
Q4 25
0.1%
1.8%
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
ESTC
ESTC
MATW
MATW
Q4 25
-1.19×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

MATW
MATW

Segment breakdown not available.

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