Dynatrace, Inc.DT
NYSE•Technology•Software - Application
Dynatrace, Inc. engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, an AI-powered observability platform, which provides solutions, including infrastructure, application, threat, and AI observability; digital experience; log analytics; application security; software delivery; and business analytics. It also offers implementation, consulting, and training services. The company markets its products through a combination of global direct sales team and a network of partners, including global system integrators (GSIs), cloud providers, resellers and technology alliance partners. It serves customers in various industries, including banking, financial services, government, insurance, retail and wholesale, transportation, and software. Dynatrace, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.
Dynatrace, Inc. (DT) reported trailing twelve months revenue of $2.02B as of March 2026, a 18.8% increase year-over-year. Quarterly revenue reached $531.72M, reflecting continued top-line momentum.
Dynatrace, Inc. generated $162.67M in TTM net income, with quarterly EBITDA of $42.04M. The operating margin contracted from 9.6% to 7.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (7.0%) and net margin (3.3%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 8.8% a year ago, reflecting increased costs or interest expense.
DT trades at a P/E of 67.9x (a premium multiple) and a P/S of 5.5x. The price-to-book ratio of 4.2x reflects a moderate premium to book value.
The company generated $212.40M in free cash flow over the trailing twelve months, a 43.3% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $4.42B in total assets with no in long-term debt against $2.61B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~11.4%, suggesting durable pricing power and cost discipline.
ROE is positive at ~12.7% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~34.8% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~12.2% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation