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Held by 368 of 5,944 reporting institutions (95th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $86.96 today, the market must believe free cash flow compounds 16.0%/yr for a decade (off $243M normalized FCF).
The market's 16.0% is more conservative than its 5-yr track record.
2-stage DCF · 0.10B shares · net debt -$198M
mean 259.1% · volatility σ 409% · implied rate exceeded in 4/5 yrs
Central path = implied 16.0%/yr growth; shaded band = ±1σ (409%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.27T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.40T | 45.4× | 40.5× | 25.0× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.97T | 45.1× | 34.7× | 11.9× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.67T | 27.5× | 19.4× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.70T | 75.0× | 66.9× | 26.5× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.14T | 133.8× | 63.0× | 30.5× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $912.5B | 211.3× | 215.9× | 26.3× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $542.3B | — | 67.3× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $433.7B | 43.0× | 36.4× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $424.8B | 282.0× | 294.0× | 94.9× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $370.4B | 65.4× | 34.9× | 3.3× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $365.5B | 69.4× | 58.4× | 19.8× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $352.5B | 51.3× | 40.5× | 12.4× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $340.5B | — | — | 1101.1× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $309.1B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $293.3B | 324.3× | 252.8× | 59.6× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SNDK | $261.6B | — | — | 35.6× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| SAP | $257.3B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.5B | 72.5× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $242.9B | 227.2× | 151.7× | 26.3× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| TXN | $242.4B | 48.9× | 31.9× | 13.7× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $221.0B | 30.5× | 23.9× | 5.3× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $215.1B | 20.6× | — | 3.2× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $207.0B | 79.6× | 135.2× | 25.3× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $190.9B | 35.5× | 14.3× | 4.3× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| ESTC | $9.1B | 25.4× | — | 5.2× | 17.3% | 76.1% | 21.1% | 28.8% | 19.9% | -18.7× | 368 |
Peers = companies sharing ESTC's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $340M buybacks = $340M returned on $322M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Modest payoff on reinvested capital. Current ROIC on all capital: 20%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.4% on $571M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-18
Nothing notable to watch.
No material risks flagged.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 28.7 | 28.7 | 26.5 | 26.9 | 27.7 | 26.0 | 25.6 | 23.9 |
| Gross Profit | 71.3 | 71.3 | 73.5 | 73.1 | 72.3 | 74.0 | 74.4 | 76.1 |
| R&D | 37.2 | 38.7 | 32.7 | 31.7 | 29.3 | 27.0 | 24.7 | 26.0 |
| SG&A | 17.1 | 21.4 | 17.1 | 14.3 | 13.4 | 12.7 | 11.8 | 11.2 |
| Operating Income | -37.3 | -40.0 | -21.3 | -20.1 | -20.5 | -10.3 | -3.7 | -1.9 |
| Income Tax | 1.6 | -0.5 | 1.3 | 0.7 | 1.8 | -14.6 | 5.2 | -21.3 |
| Net Income | -37.7 | -39.1 | -21.3 | -23.6 | -22.1 | 4.9 | -7.3 | 21.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ESTC: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-09-18
How a revenue dollar becomes profit — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.74B 100.0% | $1.48B 100.0% | $1.27B 100.0% | $1.07B 100.0% | $862.4M 100.0% | $608.5M 100.0% | $427.6M 100.0% | $271.7M 100.0% | $159.9M 100.0% | $88.2M 100.0% |
| Cost of Revenue | $416.3M 23.9% | $379.9M 25.6% | $330.1M 26.0% | $296.6M 27.7% | $232.2M 26.9% | $161.1M 26.5% | $122.7M 28.7% | $78.0M 28.7% | $40.7M 25.5% | $19.8M 22.5% |
| Gross Profit | $1.32B 76.1% | $1.10B 74.4% | $937.2M 74.0% | $772.4M 72.3% | $630.2M 73.1% | $447.4M 73.5% | $304.9M 71.3% | $193.6M 71.3% | $119.2M 74.5% | $68.3M 77.5% |
| Research & Development | $451.9M 26.0% | $365.8M 24.7% | $342.0M 27.0% | $313.5M 29.3% | $273.8M 31.7% | $199.2M 32.7% | $165.4M 38.7% | $101.2M 37.2% | $55.6M 34.8% | $32.6M 37.0% |
| Selling, General & Admin | $194.4M 11.2% | $175.2M 11.8% | $160.6M 12.7% | $143.2M 13.4% | $123.4M 14.3% | $103.8M 17.1% | $91.6M 21.4% | $46.5M 17.1% | $28.9M 18.1% | $26.3M 29.8% |
| Total Operating Expenses | $1.36B 78.0% | $1.16B 78.1% | $1.07B 84.2% | $991.5M 92.8% | $803.9M 93.2% | $576.9M 94.8% | $476.0M 111.3% | $295.0M 108.6% | $167.2M 104.5% | $115.5M 131.0% |
| Operating Income | -$33.5M -1.9% | -$54.9M -3.7% | -$129.9M -10.3% | -$219.2M -20.5% | -$173.7M -20.1% | -$129.5M -21.3% | -$171.1M -40.0% | -$101.4M -37.3% | -$48.0M -30.0% | -$47.2M -53.5% |
| Interest Expense | $25.1M 1.4% | $25.3M 1.7% | $26.1M 2.1% | $25.2M 2.4% | $20.7M 2.4% | $185K 0.0% | $0 0.0% | — | — | — |
| Other Income (Expense), net | $56.3M 3.2% | $48.7M 3.3% | $33.3M 2.6% | $27.5M 2.6% | -$3.4M -0.4% | $7.9M 1.3% | $2.0M 0.5% | $3.4M 1.3% | -$1.4M -0.8% | -$583K -0.7% |
| Pretax Income | -$2.3M -0.1% | -$31.6M -2.1% | -$122.8M -9.7% | -$216.9M -20.3% | -$197.8M -22.9% | -$121.7M -20.0% | -$169.1M -39.6% | -$97.9M -36.0% | -$49.4M -30.9% | -$47.8M -54.2% |
| Income Tax Expense | -$370.1M -21.3% | $76.5M 5.2% | -$184.5M -14.6% | $19.3M 1.8% | $6.1M 0.7% | $7.7M 1.3% | -$2.0M -0.5% | $4.4M 1.6% | $3.4M 2.1% | $4.2M 4.8% |
| Net Income | $367.8M 21.1% | -$108.1M -7.3% | $61.7M 4.9% | -$236.2M -22.1% | -$203.8M -23.6% | -$129.4M -21.3% | -$167.2M -39.1% | -$102.3M -37.7% | -$52.7M -33.0% | -$52.0M -58.9% |
| Per Share | ||||||||||
| EPS (Basic) | $3.49 | $-1.04 | $0.62 | $-2.47 | $-2.20 | $-1.48 | $-2.12 | — | — | — |
| EPS (Diluted) | $3.43 | $-1.04 | $0.59 | $-2.47 | $-2.20 | $-1.48 | $-2.12 | — | — | — |
| Weighted Avg Shares (Basic) | 105.3M | 103.7M | 99.6M | 95.7M | 92.5M | 87.2M | 78.8M | — | — | — |
| Weighted Avg Shares (Diluted) | 107.2M | 103.7M | 104.0M | 95.7M | 92.5M | 87.2M | 78.8M | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.