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Side-by-side financial comparison of Elastic N.V. (ESTC) and Pediatrix Medical Group, Inc. (MD). Click either name above to swap in a different company.

Pediatrix Medical Group, Inc. is the larger business by last-quarter revenue ($493.8M vs $423.5M, roughly 1.2× Elastic N.V.). Pediatrix Medical Group, Inc. runs the higher net margin — 6.8% vs -12.1%, a 18.9% gap on every dollar of revenue. On growth, Elastic N.V. posted the faster year-over-year revenue change (15.9% vs -1.7%). Over the past eight quarters, Elastic N.V.'s revenue compounded faster (13.6% CAGR vs -0.1%).

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...

Pediatrix Medical Group, Inc. is a leading U.S. specialized medical service provider focusing on maternal-fetal care, neonatology, pediatric cardiology and other pediatric subspecialties. It partners with U.S. healthcare facilities to deliver evidence-based care to women, newborns and children.

ESTC vs MD — Head-to-Head

Bigger by revenue
MD
MD
1.2× larger
MD
$493.8M
$423.5M
ESTC
Growing faster (revenue YoY)
ESTC
ESTC
+17.6% gap
ESTC
15.9%
-1.7%
MD
Higher net margin
MD
MD
18.9% more per $
MD
6.8%
-12.1%
ESTC
Faster 2-yr revenue CAGR
ESTC
ESTC
Annualised
ESTC
13.6%
-0.1%
MD

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ESTC
ESTC
MD
MD
Revenue
$423.5M
$493.8M
Net Profit
$-51.3M
$33.7M
Gross Margin
75.9%
Operating Margin
-1.9%
9.9%
Net Margin
-12.1%
6.8%
Revenue YoY
15.9%
-1.7%
Net Profit YoY
-101.5%
10.5%
EPS (diluted)
$-0.48
$0.40

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
MD
MD
Q4 25
$423.5M
$493.8M
Q3 25
$415.3M
$492.9M
Q2 25
$388.4M
$468.8M
Q1 25
$382.1M
$458.4M
Q4 24
$365.4M
$502.4M
Q3 24
$347.4M
$511.2M
Q2 24
$335.0M
$504.3M
Q1 24
$328.0M
$495.1M
Net Profit
ESTC
ESTC
MD
MD
Q4 25
$-51.3M
$33.7M
Q3 25
$-24.6M
$71.7M
Q2 25
$-16.4M
$39.3M
Q1 25
$-17.1M
$20.7M
Q4 24
$-25.4M
$30.5M
Q3 24
$-49.2M
$19.4M
Q2 24
$-41.1M
$-153.0M
Q1 24
$176.1M
$4.0M
Gross Margin
ESTC
ESTC
MD
MD
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
ESTC
ESTC
MD
MD
Q4 25
-1.9%
9.9%
Q3 25
-2.3%
13.8%
Q2 25
-3.1%
12.8%
Q1 25
-1.2%
7.0%
Q4 24
-1.2%
7.8%
Q3 24
-9.7%
6.6%
Q2 24
-13.6%
-31.3%
Q1 24
-8.1%
3.2%
Net Margin
ESTC
ESTC
MD
MD
Q4 25
-12.1%
6.8%
Q3 25
-5.9%
14.5%
Q2 25
-4.2%
8.4%
Q1 25
-4.5%
4.5%
Q4 24
-7.0%
6.1%
Q3 24
-14.2%
3.8%
Q2 24
-12.3%
-30.3%
Q1 24
53.7%
0.8%
EPS (diluted)
ESTC
ESTC
MD
MD
Q4 25
$-0.48
$0.40
Q3 25
$-0.23
$0.84
Q2 25
$-0.15
$0.46
Q1 25
$-0.16
$0.24
Q4 24
$-0.25
$0.37
Q3 24
$-0.48
$0.23
Q2 24
$-0.35
$-1.84
Q1 24
$1.69
$0.05

Balance Sheet & Financial Strength

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

Metric
ESTC
ESTC
MD
MD
Cash + ST InvestmentsLiquidity on hand
$1.4B
$375.2M
Total DebtLower is stronger
$570.3M
$570.5M
Stockholders' EquityBook value
$891.1M
$865.9M
Total Assets
$2.5B
$2.2B
Debt / EquityLower = less leverage
0.64×
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTC
ESTC
MD
MD
Q4 25
$1.4B
$375.2M
Q3 25
$1.5B
$340.1M
Q2 25
$1.4B
$224.7M
Q1 25
$584.0M
$99.0M
Q4 24
$658.5M
$229.9M
Q3 24
$594.9M
$103.8M
Q2 24
$1.1B
$19.4M
Q1 24
$526.9M
$8.0M
Total Debt
ESTC
ESTC
MD
MD
Q4 25
$570.3M
$570.5M
Q3 25
$570.0M
$577.2M
Q2 25
$569.7M
$583.9M
Q1 25
$569.4M
$590.5M
Q4 24
$569.2M
$597.1M
Q3 24
$568.9M
Q2 24
$568.6M
Q1 24
$568.3M
Stockholders' Equity
ESTC
ESTC
MD
MD
Q4 25
$891.1M
$865.9M
Q3 25
$971.4M
$890.7M
Q2 25
$927.2M
$833.8M
Q1 25
$859.1M
$789.2M
Q4 24
$811.5M
$764.9M
Q3 24
$759.4M
$732.5M
Q2 24
$738.2M
$706.5M
Q1 24
$707.8M
$856.2M
Total Assets
ESTC
ESTC
MD
MD
Q4 25
$2.5B
$2.2B
Q3 25
$2.5B
$2.2B
Q2 25
$2.6B
$2.1B
Q1 25
$2.3B
$2.0B
Q4 24
$2.2B
$2.2B
Q3 24
$2.2B
$2.1B
Q2 24
$2.2B
$2.0B
Q1 24
$2.1B
$2.2B
Debt / Equity
ESTC
ESTC
MD
MD
Q4 25
0.64×
0.66×
Q3 25
0.59×
0.65×
Q2 25
0.61×
0.70×
Q1 25
0.66×
0.75×
Q4 24
0.70×
0.78×
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
MD
MD
Operating Cash FlowLast quarter
$26.6M
$114.1M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
6.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
3.39×
TTM Free Cash FlowTrailing 4 quarters
$302.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTC
ESTC
MD
MD
Q4 25
$26.6M
$114.1M
Q3 25
$104.8M
$137.3M
Q2 25
$87.0M
$137.2M
Q1 25
$88.1M
$-117.5M
Q4 24
$38.4M
$133.0M
Q3 24
$52.8M
$91.8M
Q2 24
$60.9M
$107.0M
Q1 24
$52.4M
$-125.2M
Free Cash Flow
ESTC
ESTC
MD
MD
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
ESTC
ESTC
MD
MD
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
ESTC
ESTC
MD
MD
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
ESTC
ESTC
MD
MD
Q4 25
3.39×
Q3 25
1.91×
Q2 25
3.49×
Q1 25
-5.66×
Q4 24
4.36×
Q3 24
4.72×
Q2 24
Q1 24
0.30×
-31.03×

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%

MD
MD

Health Care Patient Service$421.6M85%
Hospitals Contracts$70.0M14%
Other$2.2M0%

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