Elastic N.V. (ESTC) vs Tyler Technologies (TYL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Elastic N.V. (ESTC) has outperformed Tyler Technologies (TYL) over the past year, gaining 14.5% versus a loss of 36.0%. Over five years, TYL leads with a -34.2% price change compared with -44.6% for ESTC. Tyler Technologies is the larger company by market cap ($13.61 billion vs $10.21 billion), about 1.3 times the size, while Elastic N.V. is growing revenue faster (+17.3% vs +9.1%).
On valuation, Tyler Technologies trades at a lower forward P/E (21.7x vs 24.6x for Elastic N.V.). Elastic N.V. converts more of its revenue into profit, with a net margin of 21.1% versus 13.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ESTC | TYL |
|---|---|---|
| Share price | $97.21 | $332.30 |
| Market cap | $10.21B | $13.61B |
| 1-day change | +2.05% | +0.35% |
| YTD return | +26.27% | -27.05% |
| 1-year return | +14.50% | -36.02% |
| 5-year return | -44.57% | -34.24% |
| P/E ratio (TTM) | 27.77 | 43.72 |
| Forward P/E | 24.58 | 21.69 |
| EPS (TTM) | $3.50 | $7.60 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.74B | $2.33B |
| Revenue growth (YoY) | +17.26% | +9.10% |
| Net income (latest FY) | $367.77M | $315.60M |
| Gross margin | 76.07% | 46.46% |
| Operating margin | -1.92% | 15.34% |
| Net margin | 21.14% | 13.53% |
| 52-week high | $108.00 | $524.43 |
| 52-week low | $42.05 | $270.71 |
| Distance from 52-week high | -9.99% | -36.64% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +13.87% | +27.14% |
| Average volume | 2.26M | 824.07K |
| Shares outstanding | 104.99M | 40.95M |
| Employees | 3,834 | 7,879 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ESTC has outperformed TYL by 50.5 percentage points over the past year.
- Tyler Technologies trades at a higher earnings multiple (43.7x vs 27.8x trailing P/E).
- Elastic N.V. is more profitable, keeping 21.1 cents of every revenue dollar as net income versus 13.5 cents for Tyler Technologies.
- Elastic N.V. grew revenue faster in its latest fiscal year (+17.26% vs +9.10%).
About Elastic N.V.
ESTC stock →Elastic N.V., a search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally. It primarily offers Elasticsearch Platform, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.
Technology · Computer Software: Prepackaged Software · 3,834 employees
About Tyler Technologies
TYL stock →Tyler Technologies, Inc. provides integrated software and technology management solutions for the public sector in the United States.
Technology · Computer Software: Prepackaged Software · 7,879 employees
ESTC vs TYL FAQ
Which is bigger, Elastic N.V. or Tyler Technologies?
Tyler Technologies (TYL) is larger, with a market capitalization of $13.61B compared with $10.21B for Elastic N.V. (ESTC).
Which stock has performed better over the past year, ESTC or TYL?
ESTC returned +14.50% over the past 12 months, compared with -36.02% for TYL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ESTC or TYL?
ESTC has the lower trailing P/E at 27.8, versus 43.7 for TYL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Elastic N.V. and Tyler Technologies in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.