Dynatrace Inc. (DT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.44	$0.48	+9.1%	—	$554.5M	—
Q3 26	$0.41	$0.44	+7.3%	—	$515.5M	—
Q2 26	$0.41	$0.44	+7.3%	—	$493.8M	—
Q1 26	$0.38	$0.42	+10.5%	—	$477.3M	—
Q4 25	$0.3	$0.33	+10.0%	—	$445.2M	—
Q3 25	$0.33	$0.37	+12.1%	—	$436.2M	—
Q1 25	$0.29	$0.33	+13.8%	—	$399.2M	—
Q4 24	$0.27	$0.3	+11.1%	—	$380.8M	—
Q3 24	$0.28	$0.32	+14.3%	—	$365.1M	—
Q2 24	$0.27	$0.31	+14.8%	—	$351.7M	—
Q1 24	$0.22	$0.27	+22.7%	—	$332.9M	—
Q4 23	$0.22	$0.31	+40.9%	—	$314.5M	—
Q3 23	$0.21	$0.25	+19.0%	—	$297.5M	—
Q2 23	$0.18	$0.22	+22.2%	—	$279.3M	—
Q1 23	$0.17	$0.18	+5.9%	—	$267.3M	—
Q4 22	$0.15	$0.17	+13.3%	—	$252.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$0.54	—	—	$2B	—
FY25	—	$1.62	—	—	$1.7B	—
FY24	—	$0.53	—	—	$1.4B	—
FY23	—	$0.38	—	—	$1.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$406.4M	$398M	$431M	$545.8M	$703.5M	$929.4M	$1.2B	$1.4B	$1.7B	$2B
YoY change	—	-2.05%	+8.27%	+26.6%	+28.9%	+32.1%	+24.6%	+23.5%	+18.7%	+18.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	406.4M	398M	431M	545.8M	703.5M	929.4M	1.2B	1.4B	1.7B	2B
Cost of revenue	102.2M	96.5M	106.8M	128.9M	127.7M	172.9M	222.9M	266.5M	320.2M	372.2M
Gross profit	304.2M	301.5M	324.2M	416.9M	575.8M	756.6M	935.6M	1.2B	1.4B	1.6B
Gross margin	74.9%	75.7%	75.2%	76.4%	81.8%	81.4%	80.8%	81.4%	81.2%	81.6%
Research & development	52.9M	58.3M	76.8M	119.3M	111.4M	156.3M	218.3M	304.7M	384.6M	474.3M
Selling, general & administrative	179.2M	209.5M	270.7M	428.2M	337.7M	488.8M	598.2M	708.6M	800.9M	907.9M
Operating expenses	232.1M	267.8M	347.4M	547.4M	449.1M	645.1M	816.5M	1B	1.2B	1.4B
Operating income	20.2M	-16.8M	-70.9M	-170.8M	91.9M	81.3M	92.8M	128.4M	179.4M	263.9M
Operating margin	4.96%	-4.21%	-16.5%	-31.3%	13.1%	8.75%	8.01%	8.98%	10.6%	13.1%
Non-operating income, net	-11.1M	214K	878K	-2.3M	122K	544K	565K	-10.8M	-4.3M	-11.9M
Pretax income	-16.4M	-51.8M	-139.9M	-218.5M	77.9M	71.7M	90M	154.9M	223.4M	299.8M
Income tax	-17.2M	-61M	-23.7M	195.3M	2.1M	19.2M	-18M	283K	-260.3M	137.1M
Net income	796K	9.2M	-116.2M	-413.8M	75.7M	52.5M	108M	154.6M	483.7M	162.7M
Net margin	0.2%	2.32%	-27%	-75.8%	10.8%	5.64%	9.32%	10.8%	28.5%	8.06%
EBITDA	101.6M	70.7M	11.8M	-105.7M	153.1M	138.2M	147.4M	183.3M	227.5M	306.5M
EPS	0	0.03	-0.42	-1.58	0.27	0.18	0.38	0.53	1.62	0.54
Diluted EPS	0	0.03	-0.42	-1.58	0.26	0.18	0.37	0.52	1.59	0.54

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	351.7M	365.1M	380.8M	399.2M	418.1M	436.2M	445.2M	477.3M	493.8M	515.5M	531.7M	554.5M
Cost of revenue	64.4M	67.9M	71.9M	74.8M	77.8M	82.6M	85.1M	85.2M	89.8M	95.8M	101.4M	103.5M
Gross profit	287.3M	297.2M	309M	324.5M	340.3M	353.6M	360.1M	392.1M	404.1M	419.6M	430.3M	451.1M
Gross margin	81.7%	81.4%	81.1%	81.3%	81.4%	81.1%	80.9%	82.1%	81.8%	81.4%	80.9%	81.3%
Research & development	74.1M	80.1M	84.3M	87.6M	95.4M	98.3M	103.3M	108.2M	115M	120.6M	130.6M	136M
Selling, general & administrative	172.4M	176M	196.1M	190.1M	193.2M	203.8M	213.9M	221.6M	216.1M	226.3M	243.9M	243.4M
Operating expenses	246.4M	256.1M	280.4M	277.7M	288.5M	302.2M	317.1M	329.8M	331.1M	346.9M	374.4M	379.4M
Operating income	35.3M	35.7M	23.1M	42M	47M	47.5M	42.9M	62.3M	73M	72.7M	55.9M	71.5M
Operating margin	10%	9.78%	6.07%	10.5%	11.2%	10.9%	9.64%	13.1%	14.8%	14.1%	10.5%	12.9%
Non-operating income, net	-3.1M	-3.9M	-4M	-2M	-2M	-2.1M	1.9M	6.8M	894K	-370K	-19.2M	432K
Pretax income	40.7M	42.4M	30.1M	52.8M	57.8M	57.1M	55.7M	81.4M	87.1M	84.5M	46.8M	80.8M
Income tax	4.9M	-267K	-7.8M	14.1M	13.8M	-304.6M	16.4M	33.4M	29.9M	44.4M	29.4M	44.1M
Net income	35.8M	42.7M	37.9M	38.6M	44M	361.8M	39.3M	48M	57.2M	40.1M	17.4M	36.7M
Net margin	10.2%	11.7%	9.96%	9.67%	10.5%	82.9%	8.83%	10%	11.6%	7.77%	3.28%	6.61%
EBITDA	48.8M	49.5M	37.2M	56M	61M	60.9M	49.6M	68.8M	78.7M	78.5M	62M	79.1M
EPS	0.12	0.14	0.13	0.13	0.15	1.21	0.13	0.16	0.19	0.13	0.06	0.13
Diluted EPS	0.12	0.14	0.13	0.13	0.15	1.19	0.13	0.16	0.19	0.13	0.06	0.12

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	—	—	—	6.3B	13.5B	13.4B	12.2B	13.7B	14.1B	11.1B	16.8B
Enterprise value	—	—	—	6.6B	13.6B	13.3B	11.7B	12.9B	13B	10.1B	15.8B
Shares outstanding	275.5M	275.5M	275.5M	264.9M	280.5M	284.2M	287.7M	294.1M	298.4M	300.1M	300.1M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	—	—	—	—	178.7	255.2	112.7	88.3	29.1	68.2	114.7
P/S	—	—	—	11.6	19.2	14.4	10.5	9.55	8.28	5.5	7.94
P/B	—	—	—	6.54	12.1	10.3	7.58	6.78	5.37	4.25	6.79
EV/EBITDA	—	—	—	-62.5	89.1	96	79.3	70.3	57.3	32.9	54.2
EV/Sales	—	—	—	12.1	19.4	14.3	10.1	9.01	7.67	5	7.54
Earnings yield	—	—	—	—	0.56%	0.39%	0.89%	1.13%	3.44%	1.47%	0.87%
FCF yield	—	—	—	-2.58%	1.53%	1.74%	2.74%	2.54%	3.06%	4.77%	3.26%
PEG	—	—	—	—	—	—	—	—	—	—	-6.12

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	74.9%	75.7%	75.2%	76.4%	81.8%	81.4%	80.8%	81.4%	81.2%	81.6%	81.3%
Operating margin	4.96%	-4.21%	-16.5%	-31.3%	13.1%	8.75%	8.01%	8.98%	10.6%	13.1%	12.9%
Net margin	0.2%	2.32%	-27%	-75.8%	10.8%	5.64%	9.32%	10.8%	28.5%	8.06%	7.22%
ROE	—	-3.43%	29.8%	-42.9%	6.8%	4.02%	6.73%	7.67%	18.5%	6.23%	5.88%
ROA	—	0.49%	-6.41%	-20.2%	3.36%	2.06%	3.9%	4.53%	11.7%	3.68%	4.17%
ROIC	—	-1.2%	-6.03%	-13.5%	7.28%	5.04%	8.25%	10.3%	11.3%	8.93%	9.2%
Return on tangible assets	—	-0.71%	9.32%	46.1%	-12.9%	-22.4%	144.9%	24.3%	34.2%	9.74%	13.1%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	—	0.12	0.22	1	1.05	1.1	1.08	1.28	1.4	1.35	1.21
Quick ratio	—	0.12	0.22	1	1.05	1.1	1.08	1.28	1.4	1.35	1.21
Debt / equity	—	-6.5	-4.15	0.53	0.39	0.26	0.05	0.03	0.03	0.06	0.06
Debt / assets	—	0.92	0.89	0.25	0.19	0.13	0.03	0.02	0.02	0.04	0.04
Net debt / EBITDA	—	23.6	132.7	-2.81	0.75	-0.9	-3.26	-4.19	-4.56	-3.29	-3.18
Interest coverage	0.36	-0.47	-1	-3.81	6.48	7.98	27.2	—	—	—	—
Effective tax rate	0%	0%	0%	0%	2.75%	26.8%	0%	0.18%	0%	45.7%	49.4%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	1.47	1.44	1.56	2.06	2.51	3.27	4.03	4.86	5.69	6.73	7.03
EPS (basic)	0	0.03	-0.42	-1.58	0.27	0.18	0.38	0.53	1.62	0.54	0.54
EPS (diluted)	0	0.03	-0.42	-1.58	0.26	0.18	0.37	0.52	1.59	0.54	0.5
Book value per share	—	-0.98	-1.42	3.65	3.97	4.59	5.58	6.85	8.78	8.7	8.44
FCF per share	0.29	0.38	0.5	-0.62	0.74	0.82	1.16	1.18	1.44	1.76	1.94
Cash per share	—	0.28	0.19	0.8	1.16	1.63	1.93	2.85	3.73	3.91	3.84
Capex per share	0.03	0.04	0.03	0.07	0.05	0.06	0.07	0.09	0.09	0	0

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	2.13%	2.92%	1.71%	3.61%	2%	1.9%	1.86%	1.85%	1.54%	0.01%	0%
Capex / operating cash flow	10.1%	12.9%	5.91%	-14.3%	7.45%	7.93%	8.17%	6.83%	5.62%	0.03%	0%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$351.7M	$365.1M	$380.8M	$399.2M	$418.1M	$436.2M	$445.2M	$477.3M	$493.8M	$515.5M	$531.7M	$554.5M
YoY change	+25.9%	+22.7%	+21.1%	+19.9%	+18.9%	+19.5%	+16.9%	+19.6%	+18.1%	+18.2%	+19.4%	+16.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	77.6M	51.3M	213.2M	325M	463M	555.3M	836.9M	1.1B	1.2B
Receivables	136.5M	115.4M	157.1M	242.1M	350.7M	442.5M	602.7M	624.4M	710.2M
Inventory	—	—	—	—	—	—	—	—	—
Total current assets	244.4M	213.2M	487.8M	680.3M	948.4M	1.1B	1.6B	1.9B	2.1B
Property, plant & equipment	18.5M	17.9M	31.5M	79.9M	104.1M	121.7M	114.7M	129M	212.3M
Goodwill & intangibles	3.2B	3.1B	2.9B	2.8B	2.8B	2.7B	2.8B	2.7B	2.7B
Total assets	1.9B	1.8B	2B	2.3B	2.5B	2.8B	3.4B	4.1B	4.4B
Accounts payable	3.2M	6.6M	11.1M	9.6M	22.7M	22M	21.4M	27.3M	2.7M
Short-term debt	1.7B	606.6M	—	9.5M	12.8M	15.7M	15.5M	14M	22.6M
Total current liabilities	2B	950.9M	490.2M	647.9M	865.6M	1B	1.3B	1.4B	1.6B
Long-term debt	—	1B	510M	430.1M	326M	59.5M	54M	61.4M	141.7M
Total liabilities	2.2B	2.2B	1.1B	1.1B	1.2B	1.2B	1.4B	1.5B	1.8B
Shareholders' equity	-268.7M	-390.3M	965.7M	1.1B	1.3B	1.6B	2B	2.6B	2.6B
Total debt	1.7B	1.6B	510M	439.6M	338.8M	75.2M	69.5M	75.4M	164.3M
Net debt	1.7B	1.6B	296.8M	114.6M	-124.2M	-480.2M	-709.5M	-941.7M	-932.9M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	701.5M	782.6M	836.9M	1B	1B	1B	1.1B	1.3B	1.3B	1.2B	1.2B	1.1B
Receivables	262.7M	361.7M	602.7M	245M	303.3M	391.6M	624.4M	292.1M	315M	468M	710.2M	380M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.1B	1.3B	1.6B	1.4B	1.5B	1.6B	1.9B	1.9B	1.8B	1.9B	2.1B	1.7B
Property, plant & equipment	114.3M	115.3M	114.7M	122.7M	123.6M	116.1M	129M	145.2M	144.2M	144.1M	212.3M	206M
Goodwill & intangibles	2.7B	2.7B	2.8B	2.8B	2.7B	2.7B	2.7B	2.7B	2.7B	2.7B	2.7B	3B
Total assets	2.8B	3B	3.4B	3.3B	3.3B	3.7B	4.1B	4.1B	4.1B	4.1B	4.4B	4.1B
Accounts payable	15.8M	13.2M	21.4M	3.9M	17.3M	8.6M	27.3M	8M	21.6M	11.1M	2.7M	7.9M
Short-term debt	15.9M	16.3M	15.5M	15.3M	15.6M	14M	14M	15.3M	17M	17.5M	22.6M	23.1M
Total current liabilities	856.4M	958.6M	1.3B	1.1B	1B	1B	1.4B	1.2B	1.2B	1.2B	1.6B	1.4B
Long-term debt	59.9M	58M	54M	66.1M	65M	61.2M	61.4M	72.4M	69.8M	68.3M	141.7M	136.2M
Total liabilities	980.5M	1.1B	1.4B	1.2B	1.2B	1.2B	1.5B	1.4B	1.3B	1.4B	1.8B	1.7B
Shareholders' equity	1.8B	1.9B	2B	2.1B	2.1B	2.6B	2.6B	2.7B	2.8B	2.7B	2.6B	2.5B
Total debt	75.8M	74.3M	69.5M	81.4M	80.6M	75.2M	75.4M	87.7M	86.8M	85.8M	164.3M	159.3M
Net debt	-625.8M	-708.4M	-709.5M	-848.9M	-826.6M	-832.3M	-941.7M	-1.2B	-1.1B	-1B	-932.9M	-898.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	796K	9.2M	-116.2M	-413.8M	75.7M	52.5M	108M	154.6M	483.7M	162.7M
Depreciation & amortization	84.9M	82.2M	80.1M	66.3M	61M	56.9M	54.6M	54.9M	48.1M	24.1M
Stock-based compensation	349K	22.3M	71.2M	222.5M	57.8M	99.5M	146.9M	208.9M	271.7M	299.6M
Change in working capital	26.3M	49.1M	125M	27.2M	-365K	25.1M	6.6M	17.8M	51.9M	28.8M
Operating cash flow	85.8M	90M	124.8M	-137.9M	188.9M	223.1M	263.5M	387.6M	464.5M	561.9M
Capital expenditure	-8.7M	-11.6M	-7.4M	-19.7M	-14.1M	-17.7M	-21.5M	-26.5M	-26.1M	-194K
Investing cash flow	-8.7M	-22.9M	-7.4M	-19.7M	-14.1M	-30.9M	-21.5M	-187.8M	-66.6M	16.5M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-287K	-885K	-649K	-156K	-49K	-66K	-15K	0	-172.6M	-478.7M
Financing cash flow	-63M	-75.5M	-161.5M	329.4M	-120M	-120.1M	-283.1M	0	-193.8M	-505M
Net change in cash	14.1M	-8.4M	-44.1M	171.8M	54.8M	72.1M	-41.1M	199.8M	204.1M	73.4M
Free cash flow	80.7M	103.6M	137.9M	-163.1M	206.6M	233.2M	333.3M	346.4M	430.6M	529.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	35.8M	42.7M	37.9M	38.6M	44M	361.8M	39.3M	48M	57.2M	40.1M	17.4M	36.7M
Depreciation & amortization	13.5M	13.8M	14.1M	14M	14M	13.5M	6.7M	6.5M	5.7M	5.7M	6.2M	7.7M
Stock-based compensation	58M	54.8M	55.6M	57.7M	71.7M	72.1M	70.2M	71.9M	76.8M	77.9M	73M	73.6M
Change in working capital	-57.6M	-29.9M	-11.8M	227.9M	-133M	-61.8M	18.8M	228.6M	-164.2M	-107.8M	72.2M	194.9M
Operating cash flow	37M	71M	89.7M	317.1M	-18.1M	46.9M	118.7M	269.7M	32M	33.8M	226.4M	306.2M
Capital expenditure	-2.8M	-3.6M	-9.8M	-3.4M	-3.5M	-4.7M	-14.6M	-194K	0	0	0	0
Investing cash flow	-35.1M	-3.6M	-34.6M	-35.6M	-11M	-4.9M	-15.1M	-966K	6.1M	-10.3M	22.4M	-69.8M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	0	-48.6M	-41.6M	-40M	-42.5M	-45M	-50M	-160M	-223.7M	-275.5M
Financing cash flow	0	0	0	-57.4M	-46.3M	-44.4M	-45.7M	-58.1M	-56.5M	-163.8M	-226.4M	-284.2M
Net change in cash	1.8M	67.4M	55.1M	224.1M	-75.5M	-2.4M	57.8M	210.6M	-18.4M	-140.4M	22.3M	-47.7M
Free cash flow	34.1M	67.4M	121.3M	227.4M	20.1M	37.6M	145.5M	262M	27.8M	27.2M	212.4M	303.1M

Dynatrace Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement