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Side-by-side financial comparison of Elastic N.V. (ESTC) and Insulet Corporation (PODD). Click either name above to swap in a different company.
Insulet Corporation is the larger business by last-quarter revenue ($783.7M vs $423.5M, roughly 1.9× Elastic N.V.). Insulet Corporation runs the higher net margin — 13.0% vs -12.1%, a 25.1% gap on every dollar of revenue. On growth, Insulet Corporation posted the faster year-over-year revenue change (31.2% vs 15.9%). Insulet Corporation produced more free cash flow last quarter ($48.2M vs $26.0M). Over the past eight quarters, Insulet Corporation's revenue compounded faster (33.2% CAGR vs 13.6%).
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...
An insulin pump is a medical device used for the administration of insulin in the treatment of diabetes mellitus, also known as continuous subcutaneous insulin therapy . The device configuration may vary depending on design. A traditional pump includes:the pump a disposable reservoir for insulin a disposable infusion set, including a cannula for subcutaneous insertion and a tubing system to connect the insulin reservoir to the cannula.
ESTC vs PODD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $423.5M | $783.7M |
| Net Profit | $-51.3M | $101.6M |
| Gross Margin | 75.9% | 72.6% |
| Operating Margin | -1.9% | 18.7% |
| Net Margin | -12.1% | 13.0% |
| Revenue YoY | 15.9% | 31.2% |
| Net Profit YoY | -101.5% | 0.9% |
| EPS (diluted) | $-0.48 | $1.42 |
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.
| Q4 25 | $423.5M | $783.7M | ||
| Q3 25 | $415.3M | $706.3M | ||
| Q2 25 | $388.4M | $649.1M | ||
| Q1 25 | $382.1M | $569.0M | ||
| Q4 24 | $365.4M | $597.5M | ||
| Q3 24 | $347.4M | $543.9M | ||
| Q2 24 | $335.0M | $488.5M | ||
| Q1 24 | $328.0M | $441.7M |
| Q4 25 | $-51.3M | $101.6M | ||
| Q3 25 | $-24.6M | $87.6M | ||
| Q2 25 | $-16.4M | $22.5M | ||
| Q1 25 | $-17.1M | $35.4M | ||
| Q4 24 | $-25.4M | $100.7M | ||
| Q3 24 | $-49.2M | $77.5M | ||
| Q2 24 | $-41.1M | $188.6M | ||
| Q1 24 | $176.1M | $51.5M |
| Q4 25 | 75.9% | 72.6% | ||
| Q3 25 | 76.7% | 72.2% | ||
| Q2 25 | 74.8% | 69.7% | ||
| Q1 25 | 74.6% | 71.9% | ||
| Q4 24 | 74.5% | 72.1% | ||
| Q3 24 | 73.6% | 69.3% | ||
| Q2 24 | 73.8% | 67.7% | ||
| Q1 24 | 74.2% | 69.5% |
| Q4 25 | -1.9% | 18.7% | ||
| Q3 25 | -2.3% | 16.7% | ||
| Q2 25 | -3.1% | 18.7% | ||
| Q1 25 | -1.2% | 15.6% | ||
| Q4 24 | -1.2% | 18.3% | ||
| Q3 24 | -9.7% | 16.2% | ||
| Q2 24 | -13.6% | 11.2% | ||
| Q1 24 | -8.1% | 12.9% |
| Q4 25 | -12.1% | 13.0% | ||
| Q3 25 | -5.9% | 12.4% | ||
| Q2 25 | -4.2% | 3.5% | ||
| Q1 25 | -4.5% | 6.2% | ||
| Q4 24 | -7.0% | 16.9% | ||
| Q3 24 | -14.2% | 14.2% | ||
| Q2 24 | -12.3% | 38.6% | ||
| Q1 24 | 53.7% | 11.7% |
| Q4 25 | $-0.48 | $1.42 | ||
| Q3 25 | $-0.23 | $1.24 | ||
| Q2 25 | $-0.15 | $0.32 | ||
| Q1 25 | $-0.16 | $0.50 | ||
| Q4 24 | $-0.25 | $1.38 | ||
| Q3 24 | $-0.48 | $1.08 | ||
| Q2 24 | $-0.35 | $2.59 | ||
| Q1 24 | $1.69 | $0.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | — |
| Total DebtLower is stronger | $570.3M | $930.8M |
| Stockholders' EquityBook value | $891.1M | $1.5B |
| Total Assets | $2.5B | $3.2B |
| Debt / EquityLower = less leverage | 0.64× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $570.3M | $930.8M | ||
| Q3 25 | $570.0M | $934.9M | ||
| Q2 25 | $569.7M | $939.0M | ||
| Q1 25 | $569.4M | $1.6B | ||
| Q4 24 | $569.2M | $1.3B | ||
| Q3 24 | $568.9M | $1.4B | ||
| Q2 24 | $568.6M | $1.4B | ||
| Q1 24 | $568.3M | $1.4B |
| Q4 25 | $891.1M | $1.5B | ||
| Q3 25 | $971.4M | $1.4B | ||
| Q2 25 | $927.2M | $1.5B | ||
| Q1 25 | $859.1M | $1.3B | ||
| Q4 24 | $811.5M | $1.2B | ||
| Q3 24 | $759.4M | $1.1B | ||
| Q2 24 | $738.2M | $998.4M | ||
| Q1 24 | $707.8M | $790.7M |
| Q4 25 | $2.5B | $3.2B | ||
| Q3 25 | $2.5B | $3.0B | ||
| Q2 25 | $2.6B | $3.5B | ||
| Q1 25 | $2.3B | $3.5B | ||
| Q4 24 | $2.2B | $3.1B | ||
| Q3 24 | $2.2B | $3.0B | ||
| Q2 24 | $2.2B | $2.9B | ||
| Q1 24 | $2.1B | $2.6B |
| Q4 25 | 0.64× | 0.61× | ||
| Q3 25 | 0.59× | 0.68× | ||
| Q2 25 | 0.61× | 0.64× | ||
| Q1 25 | 0.66× | 1.21× | ||
| Q4 24 | 0.70× | 1.07× | ||
| Q3 24 | 0.75× | 1.21× | ||
| Q2 24 | 0.77× | 1.36× | ||
| Q1 24 | 0.80× | 1.72× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.6M | $183.3M |
| Free Cash FlowOCF − Capex | $26.0M | $48.2M |
| FCF MarginFCF / Revenue | 6.1% | 6.2% |
| Capex IntensityCapex / Revenue | 0.1% | 17.2% |
| Cash ConversionOCF / Net Profit | — | 1.80× |
| TTM Free Cash FlowTrailing 4 quarters | $302.3M | $377.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.6M | $183.3M | ||
| Q3 25 | $104.8M | $125.7M | ||
| Q2 25 | $87.0M | $196.5M | ||
| Q1 25 | $88.1M | $63.8M | ||
| Q4 24 | $38.4M | $147.7M | ||
| Q3 24 | $52.8M | $98.5M | ||
| Q2 24 | $60.9M | $96.5M | ||
| Q1 24 | $52.4M | $87.6M |
| Q4 25 | $26.0M | $48.2M | ||
| Q3 25 | $104.2M | $100.1M | ||
| Q2 25 | $84.9M | $177.9M | ||
| Q1 25 | $87.3M | $51.5M | ||
| Q4 24 | $37.7M | $94.1M | ||
| Q3 24 | $52.0M | $71.8M | ||
| Q2 24 | $60.1M | $74.0M | ||
| Q1 24 | $51.3M | $65.5M |
| Q4 25 | 6.1% | 6.2% | ||
| Q3 25 | 25.1% | 14.2% | ||
| Q2 25 | 21.8% | 27.4% | ||
| Q1 25 | 22.8% | 9.1% | ||
| Q4 24 | 10.3% | 15.7% | ||
| Q3 24 | 15.0% | 13.2% | ||
| Q2 24 | 17.9% | 15.1% | ||
| Q1 24 | 15.6% | 14.8% |
| Q4 25 | 0.1% | 17.2% | ||
| Q3 25 | 0.2% | 3.6% | ||
| Q2 25 | 0.5% | 2.9% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.2% | 9.0% | ||
| Q3 24 | 0.2% | 4.9% | ||
| Q2 24 | 0.3% | 4.6% | ||
| Q1 24 | 0.3% | 5.0% |
| Q4 25 | — | 1.80× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 8.73× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 1.47× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | 0.30× | 1.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
PODD
| U.S.Omnipod | $567.8M | 72% |
| International Omnipod | $214.0M | 27% |
| Drug Delivery | $1.9M | 0% |
