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Elastic N.V.（ESTC）与医疗房产信托（SVC）财务数据对比。点击上方公司名可切换其他公司
Elastic N.V.的季度营收约是医疗房产信托的1.4倍（$423.5M vs $296.5M），医疗房产信托净利率更高（-0.3% vs -12.1%，领先11.8%），Elastic N.V.同比增速更快（15.9% vs -17.0%），Elastic N.V.自由现金流更多（$26.0M vs $-95.2M），过去两年Elastic N.V.的营收复合增速更高（13.6% vs -6.1%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
ESTC vs SVC — 直观对比
营收规模更大
ESTC
是对方的1.4倍
$296.5M
营收增速更快
ESTC
高出32.9%
-17.0%
净利率更高
SVC
高出11.8%
-12.1%
自由现金流更多
ESTC
多$121.2M
$-95.2M
两年增速更快
ESTC
近两年复合增速
-6.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $296.5M |
| 净利润 | $-51.3M | $-782.0K |
| 毛利率 | 75.9% | — |
| 营业利润率 | -1.9% | -3.9% |
| 净利率 | -12.1% | -0.3% |
| 营收同比 | 15.9% | -17.0% |
| 净利润同比 | -101.5% | 99.0% |
| 每股收益（稀释后） | $-0.48 | $-0.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ESTCSVC
| Q4 25 | $423.5M | $296.5M | ||
| Q3 25 | $415.3M | $377.6M | ||
| Q2 25 | $388.4M | $404.4M | ||
| Q1 25 | $382.1M | $335.0M | ||
| Q4 24 | $365.4M | $357.0M | ||
| Q3 24 | $347.4M | $390.9M | ||
| Q2 24 | $335.0M | $412.5M | ||
| Q1 24 | $328.0M | $336.2M |
净利润ESTCSVC
| Q4 25 | $-51.3M | $-782.0K | ||
| Q3 25 | $-24.6M | $-46.9M | ||
| Q2 25 | $-16.4M | $-38.2M | ||
| Q1 25 | $-17.1M | $-116.4M | ||
| Q4 24 | $-25.4M | $-76.4M | ||
| Q3 24 | $-49.2M | $-46.9M | ||
| Q2 24 | $-41.1M | $-73.8M | ||
| Q1 24 | $176.1M | $-78.4M |
毛利率ESTCSVC
| 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% | — |
营业利润率ESTCSVC
| Q4 25 | -1.9% | -3.9% | ||
| Q3 25 | -2.3% | -12.8% | ||
| Q2 25 | -3.1% | -9.2% | ||
| Q1 25 | -1.2% | -33.3% | ||
| Q4 24 | -1.2% | -19.4% | ||
| Q3 24 | -9.7% | -12.8% | ||
| Q2 24 | -13.6% | -17.1% | ||
| Q1 24 | -8.1% | -21.4% |
净利率ESTCSVC
| Q4 25 | -12.1% | -0.3% | ||
| Q3 25 | -5.9% | -12.4% | ||
| Q2 25 | -4.2% | -9.4% | ||
| Q1 25 | -4.5% | -34.8% | ||
| Q4 24 | -7.0% | -21.4% | ||
| Q3 24 | -14.2% | -12.0% | ||
| Q2 24 | -12.3% | -17.9% | ||
| Q1 24 | 53.7% | -23.3% |
每股收益（稀释后）ESTCSVC
| Q4 25 | $-0.48 | $-0.01 | ||
| Q3 25 | $-0.23 | $-0.28 | ||
| Q2 25 | $-0.15 | $-0.23 | ||
| Q1 25 | $-0.16 | $-0.70 | ||
| Q4 24 | $-0.25 | $-0.46 | ||
| Q3 24 | $-0.48 | $-0.28 | ||
| Q2 24 | $-0.35 | $-0.45 | ||
| Q1 24 | $1.69 | $-0.48 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.4B | $346.8M |
| 总债务越低越好 | $570.3M | $5.5B |
| 股东权益账面价值 | $891.1M | $646.1M |
| 总资产 | $2.5B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.64× | 8.52× |
8季度趋势，按日历期对齐
现金及短期投资ESTCSVC
| Q4 25 | $1.4B | $346.8M | ||
| Q3 25 | $1.5B | $417.4M | ||
| Q2 25 | $1.4B | $63.2M | ||
| Q1 25 | $584.0M | $80.1M | ||
| Q4 24 | $658.5M | $143.5M | ||
| Q3 24 | $594.9M | $48.6M | ||
| Q2 24 | $1.1B | $14.6M | ||
| Q1 24 | $526.9M | $71.3M |
总债务ESTCSVC
| Q4 25 | $570.3M | $5.5B | ||
| Q3 25 | $570.0M | — | ||
| Q2 25 | $569.7M | — | ||
| Q1 25 | $569.4M | — | ||
| Q4 24 | $569.2M | $5.8B | ||
| Q3 24 | $568.9M | — | ||
| Q2 24 | $568.6M | — | ||
| Q1 24 | $568.3M | — |
股东权益ESTCSVC
| Q4 25 | $891.1M | $646.1M | ||
| Q3 25 | $971.4M | $647.9M | ||
| Q2 25 | $927.2M | $695.9M | ||
| Q1 25 | $859.1M | $734.6M | ||
| Q4 24 | $811.5M | $851.9M | ||
| Q3 24 | $759.4M | $929.0M | ||
| Q2 24 | $738.2M | $1.0B | ||
| Q1 24 | $707.8M | $1.1B |
总资产ESTCSVC
| Q4 25 | $2.5B | $6.5B | ||
| Q3 25 | $2.5B | $7.0B | ||
| Q2 25 | $2.6B | $6.9B | ||
| Q1 25 | $2.3B | $7.0B | ||
| Q4 24 | $2.2B | $7.1B | ||
| Q3 24 | $2.2B | $7.1B | ||
| Q2 24 | $2.2B | $7.1B | ||
| Q1 24 | $2.1B | $7.2B |
负债/权益比ESTCSVC
| Q4 25 | 0.64× | 8.52× | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.70× | 6.85× | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 0.77× | — | ||
| Q1 24 | 0.80× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $26.6M | $-18.5M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $-95.2M |
| 自由现金流率自由现金流/营收 | 6.1% | -32.1% |
| 资本支出强度资本支出/营收 | 0.1% | 25.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $302.3M | $-107.0M |
8季度趋势，按日历期对齐
经营现金流ESTCSVC
| Q4 25 | $26.6M | $-18.5M | ||
| Q3 25 | $104.8M | $98.1M | ||
| Q2 25 | $87.0M | $-7.0K | ||
| Q1 25 | $88.1M | $38.2M | ||
| Q4 24 | $38.4M | $-9.7M | ||
| Q3 24 | $52.8M | $106.2M | ||
| Q2 24 | $60.9M | $43.8M | ||
| Q1 24 | $52.4M | $-926.0K |
自由现金流ESTCSVC
| Q4 25 | $26.0M | $-95.2M | ||
| Q3 25 | $104.2M | $57.9M | ||
| Q2 25 | $84.9M | $-46.6M | ||
| Q1 25 | $87.3M | $-23.2M | ||
| Q4 24 | $37.7M | $-88.9M | ||
| Q3 24 | $52.0M | $24.1M | ||
| Q2 24 | $60.1M | $-22.3M | ||
| Q1 24 | $51.3M | $-77.2M |
自由现金流率ESTCSVC
| Q4 25 | 6.1% | -32.1% | ||
| Q3 25 | 25.1% | 15.3% | ||
| Q2 25 | 21.8% | -11.5% | ||
| Q1 25 | 22.8% | -6.9% | ||
| Q4 24 | 10.3% | -24.9% | ||
| Q3 24 | 15.0% | 6.2% | ||
| Q2 24 | 17.9% | -5.4% | ||
| Q1 24 | 15.6% | -23.0% |
资本支出强度ESTCSVC
| Q4 25 | 0.1% | 25.9% | ||
| Q3 25 | 0.2% | 10.6% | ||
| Q2 25 | 0.5% | 11.5% | ||
| Q1 25 | 0.2% | 18.3% | ||
| Q4 24 | 0.2% | 22.2% | ||
| Q3 24 | 0.2% | 21.0% | ||
| Q2 24 | 0.3% | 16.0% | ||
| Q1 24 | 0.3% | 22.7% |
现金转化率ESTCSVC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.30× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
SVC
暂无分部数据
