Dynatrace, Inc. (DT) 10-Year Financial Performance & Capital Metrics

DT • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

AboutDynatrace, Inc. provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences. The company also offers implementation, consulting, and training services. Dynatrace, Inc. markets its products through a combination of direct sales team and a network of partners, including resellers, system integrators, and managed service providers. It serves customers in various industries comprising banking, insurance, retail, manufacturing, travel, and software. The company operates in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Dynatrace, Inc. was founded in 2005 and is headquartered in Waltham, Massachusetts.Show more

Revenue $1.7B +18.7%
EBITDA $228M +24.1%
Net Income $484M +212.8%
EPS (Diluted) 1.59 +205.8%
Gross Margin 81.15% -0.3%
EBITDA Margin 13.39% +4.5%
Operating Margin 10.56% +17.7%
Net Margin 28.47% +163.4%
ROE 20.86% +144.2%
ROIC 9.02% +13.8%
Debt/Equity 0.03 -16.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 25.5% free cash flow margin
✓Strong 5Y sales CAGR of 25.5%
✓Healthy 5Y average net margin of 13.0%

✗Weaknesses

✗Weak momentum: RS Rating 20 (bottom 20%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y25.49%

3Y22.26%

TTM18.5%

Profit (Net Income) CAGR

10Y-

5Y-

3Y109.7%

TTM210.08%

EPS CAGR

10Y-

5Y-

3Y106.72%

TTM203.64%

ROCE

10Y Avg-0.79%

5Y Avg6.03%

3Y Avg6.46%

Latest7.31%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	406.38M	398.05M	430.97M	545.8M	703.51M	929.45M	1.16B	1.43B	1.7B
Revenue Growth %	-	-0.02%	0.08%	0.27%	0.29%	0.32%	0.25%	0.23%	0.19%
Cost of Goods Sold+	102.17M	96.53M	106.8M	128.93M	127.71M	172.88M	222.89M	266.45M	320.19M
COGS % of Revenue	0.25%	0.24%	0.25%	0.24%	0.18%	0.19%	0.19%	0.19%	0.19%
Gross Profit+	304.2M	301.51M	324.17M	416.87M	575.8M	756.57M	935.64M	1.16B	1.38B
Gross Margin %	0.75%	0.76%	0.75%	0.76%	0.82%	0.81%	0.81%	0.81%	0.81%
Gross Profit Growth %	-	-0.01%	0.08%	0.29%	0.38%	0.31%	0.24%	0.24%	0.18%
Operating Expenses+	291.67M	323.27M	396.87M	588.81M	483.9M	675.26M	842.83M	1.04B	1.2B
OpEx % of Revenue	0.72%	0.81%	0.92%	1.08%	0.69%	0.73%	0.73%	0.72%	0.71%
Selling, General & Admin	179.2M	209.46M	270.66M	428.16M	337.71M	488.74M	598.05M	708.64M	800.95M
SG&A % of Revenue	0.44%	0.53%	0.63%	0.78%	0.48%	0.53%	0.52%	0.5%	0.47%
Research & Development	52.88M	58.32M	76.76M	119.28M	111.42M	156.34M	218.35M	304.74M	384.57M
R&D % of Revenue	0.13%	0.15%	0.18%	0.22%	0.16%	0.17%	0.19%	0.21%	0.23%
Other Operating Expenses	59.58M	55.49M	49.45M	41.37M	34.78M	30.16M	26.29M	22.29M	13.54M
Operating Income+	12.53M	-21.76M	-72.71M	-171.94M	91.9M	81.31M	92.81M	128.4M	179.43M
Operating Margin %	0.03%	-0.05%	-0.17%	-0.32%	0.13%	0.09%	0.08%	0.09%	0.11%
Operating Income Growth %	-	-2.74%	-2.34%	-1.36%	1.53%	-0.12%	0.14%	0.38%	0.4%
EBITDA+	97.45M	60.48M	7.4M	-105.62M	152.86M	138.18M	147.42M	183.34M	227.54M
EBITDA Margin %	0.24%	0.15%	0.02%	-0.19%	0.22%	0.15%	0.13%	0.13%	0.13%
EBITDA Growth %	-	-0.38%	-0.88%	-15.26%	2.45%	-0.1%	0.07%	0.24%	0.24%
D&A (Non-Cash Add-back)	84.92M	82.24M	80.11M	66.32M	60.96M	56.88M	54.61M	54.94M	48.1M
EBIT	9.09M	-16.55M	-70.07M	-173.14M	92.06M	81.31M	92.81M	128.4M	179.43M
Net Interest Income+	-25.48M	-35.22M	-69.84M	-45.4M	-14.21M	-10.19M	-3.41M	37.28M	48.28M
Interest Income	0	0	0	0	0	0	0	37.28M	48.28M
Interest Expense	25.48M	35.22M	69.84M	45.4M	14.21M	10.19M	3.41M	0	0
Other Income/Expense	-28.93M	-30.02M	-67.2M	-46.59M	-14.04M	-9.65M	-2.84M	26.52M	44M
Pretax Income+	-16.39M	-51.77M	-139.91M	-218.53M	77.85M	71.66M	89.97M	154.91M	223.43M
Pretax Margin %	-0.04%	-0.13%	-0.32%	-0.4%	0.11%	0.08%	0.08%	0.11%	0.13%
Income Tax+	-17.19M	-61M	-23.72M	195.28M	2.14M	19.21M	-17.99M	283K	-260.25M
Effective Tax Rate %	-0.05%	-0.18%	0.83%	1.89%	0.97%	0.73%	1.2%	1%	2.16%
Net Income+	796K	9.22M	-116.19M	-413.82M	75.71M	52.45M	107.96M	154.63M	483.68M
Net Margin %	0%	0.02%	-0.27%	-0.76%	0.11%	0.06%	0.09%	0.11%	0.28%
Net Income Growth %	-	10.59%	-13.6%	-2.56%	1.18%	-0.31%	1.06%	0.43%	2.13%
Net Income (Continuing)	796K	9.22M	-116.19M	-413.82M	75.71M	52.45M	107.96M	154.63M	483.68M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.00	0.03	-0.42	-1.58	0.26	0.18	0.37	0.52	1.59
EPS Growth %	-	-	-13.54%	-2.76%	1.16%	-0.31%	1.06%	0.41%	2.06%
EPS (Basic)	0.00	0.03	-0.42	-1.58	0.27	0.18	0.38	0.53	1.62
Diluted Shares Outstanding	280.41M	275.54M	275.54M	264.93M	286.51M	290.9M	291.62M	299.28M	303.6M
Basic Shares Outstanding	280.41M	275.54M	275.54M	264.93M	280.47M	284.16M	287.7M	294.05M	298.38M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	202.28M	244.42M	213.22M	487.78M	680.28M	948.42M	1.12B	1.61B	1.93B
Cash & Short-Term Investments	57.95M	77.58M	51.31M	213.17M	324.96M	462.97M	555.35M	836.87M	1.11B
Cash Only	57.95M	77.58M	51.31M	213.17M	324.96M	462.97M	555.35M	778.98M	1.02B
Short-Term Investments	0	0	0	0	0	0	0	57.89M	96.19M
Accounts Receivable	114.58M	136.48M	115.43M	157.06M	242.08M	350.67M	442.52M	613.58M	636.01M
Days Sales Outstanding	102.91	125.15	97.76	105.03	125.6	137.71	139.42	156.55	136.66
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	19.49M	20.82M	33.14M	104.36M	92.93M	110M	90.3M	108.41M	122.67M
Total Non-Current Assets+	1.69B	1.65B	1.6B	1.56B	1.58B	1.59B	1.65B	1.8B	2.21B
Property, Plant & Equipment	15.47M	18.48M	17.93M	31.51M	79.88M	104.12M	121.65M	114.72M	129M
Fixed Asset Turnover	26.26x	21.54x	24.04x	17.32x	8.81x	8.93x	9.52x	12.47x	13.17x
Goodwill	1.25B	1.27B	1.27B	1.27B	1.27B	1.28B	1.28B	1.34B	1.34B
Intangible Assets	398.17M	330.12M	259.12M	201.59M	149.48M	105.74M	63.6M	50.99M	25.53M
Long-Term Investments	0	0	0	0	0	0	0	46.35M	51.65M
Other Non-Current Assets	26.16M	25.2M	40.3M	47.86M	58.57M	73.05M	100.28M	118.09M	136.05M
Total Assets+	1.89B	1.9B	1.81B	2.05B	2.26B	2.54B	2.77B	3.41B	4.14B
Asset Turnover	0.21x	0.21x	0.24x	0.27x	0.31x	0.37x	0.42x	0.42x	0.41x
Asset Growth %	-	0%	-0.05%	0.13%	0.1%	0.13%	0.09%	0.23%	0.21%
Total Current Liabilities+	1.99B	2B	950.9M	490.18M	647.91M	865.6M	1.04B	1.26B	1.38B
Accounts Payable	3.76M	3.17M	6.56M	11.11M	9.62M	22.71M	21.95M	21.41M	27.29M
Days Payables Outstanding	13.45	11.97	22.42	31.46	27.5	47.96	35.95	29.33	31.1
Short-Term Debt	0	1.75B	606.65M	0	0	0	0	0	0
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.94B	32.4M	35.19M	40.69M	63.89M	76.28M	105.99M	127.1M	127.71M
Current Ratio	0.10x	0.12x	0.22x	1.00x	1.05x	1.10x	1.08x	1.28x	1.40x
Quick Ratio	0.10x	0.12x	0.22x	1.00x	1.05x	1.10x	1.08x	1.28x	1.40x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	164.71M	1.25B	590.99M	494.71M	371.26M	123.44M	135.74M	137.24M
Long-Term Debt	0	0	1.01B	509.99M	391.91M	273.92M	0	0	0
Capital Lease Obligations	0	0	0	0	38.2M	52.07M	59.52M	54.01M	61.38M
Deferred Tax Liabilities	0	80.19M	47.6M	0	1.01M	85K	280K	1.01M	419K
Other Non-Current Liabilities	0	31.91M	98.36M	20.29M	16.07M	19.41M	29.21M	18.4M	24.45M
Total Liabilities	1.99B	2.17B	2.2B	1.08B	1.14B	1.24B	1.16B	1.39B	1.52B
Total Debt+	0	1.75B	1.62B	509.99M	439.61M	338.76M	75.17M	69.53M	75.36M
Net Debt	-57.95M	1.67B	1.57B	296.81M	114.64M	-124.2M	-480.18M	-709.46M	-941.68M
Debt / Equity	-	-	-	0.53x	0.39x	0.26x	0.05x	0.03x	0.03x
Debt / EBITDA	-	28.89x	218.59x	-	2.88x	2.45x	0.51x	0.38x	0.33x
Net Debt / EBITDA	-0.59x	27.61x	211.66x	-	0.75x	-0.90x	-3.26x	-3.87x	-4.14x
Interest Coverage	0.49x	-0.62x	-1.04x	-3.79x	6.47x	7.98x	27.23x	-	-
Total Equity+	-264.51M	-268.69M	-390.26M	965.7M	1.11B	1.3B	1.6B	2.02B	2.62B
Equity Growth %	-	-0.02%	-0.45%	3.47%	0.15%	0.17%	0.23%	0.26%	0.3%
Book Value per Share	-0.94	-0.98	-1.42	3.65	3.89	4.48	5.50	6.73	8.63
Total Shareholders' Equity	-264.51M	-268.69M	-390.26M	965.7M	1.11B	1.3B	1.6B	2.02B	2.62B
Common Stock	0	0	0	281K	283K	286K	290K	297K	300K
Retained Earnings	-69.03M	-59.81M	-176M	-589.82M	-513.8M	-461.35M	-353.39M	-198.76M	284.93M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-195.48M	-25.8M	-29.71M	-18.11M	-26.21M	-26.69M	-31.83M	-35.4M	-34.64M
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	94.56M	118.84M	147.14M	-142.46M	220.44M	250.92M	354.88M	378.11M	459.42M
Operating CF Margin %	0.23%	0.3%	0.34%	-0.26%	0.31%	0.27%	0.31%	0.26%	0.27%
Operating CF Growth %	-	0.26%	0.24%	-1.97%	2.55%	0.14%	0.41%	0.07%	0.22%
Net Income	796K	9.22M	-116.19M	-413.82M	75.71M	52.45M	107.96M	154.63M	483.68M
Depreciation & Amortization	84.92M	82.24M	80.11M	66.32M	60.96M	56.88M	54.61M	54.94M	48.1M
Stock-Based Compensation	349K	22.29M	71.15M	222.48M	57.78M	99.54M	146.87M	208.9M	271.7M
Deferred Taxes	-28.41M	-73.2M	-34.21M	-46.22M	-7.04M	-12.4M	-53.53M	-59.91M	-392.94M
Other Non-Cash Items	1.82M	400K	-1.14M	6.13M	1.84M	1.49M	6.91M	11.22M	2.04M
Working Capital Changes	35.08M	77.88M	147.43M	22.66M	31.16M	52.97M	92.06M	8.34M	46.84M
Change in Receivables	10.58M	-14.73M	17.98M	-44.02M	-81.99M	-108.85M	-94.91M	-161.89M	-24.03M
Change in Inventory	0	0	0	0	0	0	0	0	0
Change in Payables	9.69M	26.8M	32.4M	53M	26.59M	35.95M	58.68M	37.9M	31.53M
Cash from Investing+	-13.88M	-26.53M	-9.25M	-20.61M	-13.88M	-30.89M	-21.54M	-193.05M	-69.31M
Capital Expenditures	-8.66M	-11.61M	-7.38M	-19.72M	-14.08M	-17.7M	-21.54M	-26.46M	-26.11M
CapEx % of Revenue	0.02%	0.03%	0.02%	0.04%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-5.22M	-3.62M	-1.87M	-892K	197K	0	0	-5.27M	-2.7M
Cash from Financing+	-63.02M	-75.5M	-161.48M	329.39M	-97.8M	-80.66M	-232.34M	50.66M	-151.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-1.2B	259.44M	0	0	-1.95M	0	-21.17M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	80.68M	103.61M	137.89M	-162.18M	206.36M	233.22M	333.35M	351.65M	433.31M
FCF Margin %	0.2%	0.26%	0.32%	-0.3%	0.29%	0.25%	0.29%	0.25%	0.26%
FCF Growth %	-	0.28%	0.33%	-2.18%	2.27%	0.13%	0.43%	0.05%	0.23%
FCF per Share	0.29	0.38	0.50	-0.61	0.72	0.80	1.14	1.17	1.43
FCF Conversion (FCF/Net Income)	118.79x	12.89x	-1.27x	0.34x	2.91x	4.78x	3.29x	2.45x	0.95x
Interest Paid	163K	38K	40.97M	39.57M	12.47M	8.38M	7.11M	851K	753K
Taxes Paid	8.91M	12.91M	5.93M	266.71M	7.34M	24.25M	14.31M	81.36M	117.98M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-	-143.82%	7.28%	4.34%	7.42%	8.54%	20.86%
Return on Invested Capital (ROIC)	-	-3.03%	-4.23%	-10.57%	5.53%	5.06%	6.04%	7.92%	9.02%
Gross Margin	74.86%	75.75%	75.22%	76.38%	81.85%	81.4%	80.76%	81.37%	81.15%
Net Margin	0.2%	2.32%	-26.96%	-75.82%	10.76%	5.64%	9.32%	10.81%	28.47%
Debt / Equity	-	-	-	0.53x	0.39x	0.26x	0.05x	0.03x	0.03x
Interest Coverage	0.49x	-0.62x	-1.04x	-3.79x	6.47x	7.98x	27.23x	-	-
FCF Conversion	118.79x	12.89x	-1.27x	0.34x	2.91x	4.78x	3.29x	2.45x	0.95x
Revenue Growth	-	-2.05%	8.27%	26.65%	28.89%	32.12%	24.65%	23.48%	18.75%

Revenue by Segment

	2020	2021	2022	2023	2024	2025
Subscription and Circulation	487.82M	655.18M	870.38M	1.08B	1.36B	1.62B
Subscription and Circulation Growth	-	34.31%	32.85%	24.47%	25.48%	19.33%
Service	45.3M	46.88M	59.01M	75.2M	71.18M	76.52M
Service Growth	-	3.49%	25.86%	27.44%	-5.35%	7.51%
License	12.69M	1.45M	54K	-	-	-
License Growth	-	-88.60%	-96.27%	-	-	-

Revenue by Geography

	2020	2021	2022	2023	2024	2025
North America	318.3M	388.19M	512.95M	690.9M	852.5M	1.04B
North America Growth	-	21.96%	32.14%	34.69%	23.39%	21.60%
EMEA	150.42M	216.65M	278.9M	292.18M	354.79M	407.2M
EMEA Growth	-	44.03%	28.74%	4.76%	21.43%	14.77%
Asia Pacific	60.42M	78.3M	96.45M	111.34M	130.61M	151.41M
Asia Pacific Growth	-	29.59%	23.19%	15.43%	17.31%	15.93%
Latin America	16.67M	20.38M	41.14M	64.12M	92.63M	103.41M
Latin America Growth	-	22.26%	101.89%	55.84%	44.47%	11.63%

Frequently Asked Questions

Valuation & Price

Dynatrace, Inc. (DT) has a price-to-earnings (P/E) ratio of 24.8x. This is roughly in line with market averages.

Growth & Financials

Dynatrace, Inc. (DT) reported $1.85B in revenue for fiscal year 2025. This represents a 356% increase from $406.4M in 2017.

Dynatrace, Inc. (DT) grew revenue by 18.7% over the past year. This is strong growth.

Yes, Dynatrace, Inc. (DT) is profitable, generating $506.3M in net income for fiscal year 2025 (28.5% net margin).

Dividend & Returns

Dynatrace, Inc. (DT) has a return on equity (ROE) of 20.9%. This is excellent, indicating efficient use of shareholder capital.

Dynatrace, Inc. (DT) generated $476.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Dynatrace, Inc. (DT) 10-Year Financial Performance & Capital Metrics

DT • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

Revenue $1.7B +18.7%
EBITDA $228M +24.1%
Net Income $484M +212.8%
EPS (Diluted) 1.59 +205.8%
Gross Margin 81.15% -0.3%
EBITDA Margin 13.39% +4.5%
Operating Margin 10.56% +17.7%
Net Margin 28.47% +163.4%
ROE 20.86% +144.2%
ROIC 9.02% +13.8%
Debt/Equity 0.03 -16.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 25.5% free cash flow margin
✓Strong 5Y sales CAGR of 25.5%
✓Healthy 5Y average net margin of 13.0%

✗Weaknesses

✗Weak momentum: RS Rating 20 (bottom 20%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y25.49%

3Y22.26%

TTM18.5%

Profit (Net Income) CAGR

10Y-

5Y-

3Y109.7%

TTM210.08%

EPS CAGR

10Y-

5Y-

3Y106.72%

TTM203.64%

ROCE

10Y Avg-0.79%

5Y Avg6.03%

3Y Avg6.46%

Latest7.31%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	406.38M	398.05M	430.97M	545.8M	703.51M	929.45M	1.16B	1.43B	1.7B
Revenue Growth %	-	-0.02%	0.08%	0.27%	0.29%	0.32%	0.25%	0.23%	0.19%
Cost of Goods Sold+	102.17M	96.53M	106.8M	128.93M	127.71M	172.88M	222.89M	266.45M	320.19M
COGS % of Revenue	0.25%	0.24%	0.25%	0.24%	0.18%	0.19%	0.19%	0.19%	0.19%
Gross Profit+	304.2M	301.51M	324.17M	416.87M	575.8M	756.57M	935.64M	1.16B	1.38B
Gross Margin %	0.75%	0.76%	0.75%	0.76%	0.82%	0.81%	0.81%	0.81%	0.81%
Gross Profit Growth %	-	-0.01%	0.08%	0.29%	0.38%	0.31%	0.24%	0.24%	0.18%
Operating Expenses+	291.67M	323.27M	396.87M	588.81M	483.9M	675.26M	842.83M	1.04B	1.2B
OpEx % of Revenue	0.72%	0.81%	0.92%	1.08%	0.69%	0.73%	0.73%	0.72%	0.71%
Selling, General & Admin	179.2M	209.46M	270.66M	428.16M	337.71M	488.74M	598.05M	708.64M	800.95M
SG&A % of Revenue	0.44%	0.53%	0.63%	0.78%	0.48%	0.53%	0.52%	0.5%	0.47%
Research & Development	52.88M	58.32M	76.76M	119.28M	111.42M	156.34M	218.35M	304.74M	384.57M
R&D % of Revenue	0.13%	0.15%	0.18%	0.22%	0.16%	0.17%	0.19%	0.21%	0.23%
Other Operating Expenses	59.58M	55.49M	49.45M	41.37M	34.78M	30.16M	26.29M	22.29M	13.54M
Operating Income+	12.53M	-21.76M	-72.71M	-171.94M	91.9M	81.31M	92.81M	128.4M	179.43M
Operating Margin %	0.03%	-0.05%	-0.17%	-0.32%	0.13%	0.09%	0.08%	0.09%	0.11%
Operating Income Growth %	-	-2.74%	-2.34%	-1.36%	1.53%	-0.12%	0.14%	0.38%	0.4%
EBITDA+	97.45M	60.48M	7.4M	-105.62M	152.86M	138.18M	147.42M	183.34M	227.54M
EBITDA Margin %	0.24%	0.15%	0.02%	-0.19%	0.22%	0.15%	0.13%	0.13%	0.13%
EBITDA Growth %	-	-0.38%	-0.88%	-15.26%	2.45%	-0.1%	0.07%	0.24%	0.24%
D&A (Non-Cash Add-back)	84.92M	82.24M	80.11M	66.32M	60.96M	56.88M	54.61M	54.94M	48.1M
EBIT	9.09M	-16.55M	-70.07M	-173.14M	92.06M	81.31M	92.81M	128.4M	179.43M
Net Interest Income+	-25.48M	-35.22M	-69.84M	-45.4M	-14.21M	-10.19M	-3.41M	37.28M	48.28M
Interest Income	0	0	0	0	0	0	0	37.28M	48.28M
Interest Expense	25.48M	35.22M	69.84M	45.4M	14.21M	10.19M	3.41M	0	0
Other Income/Expense	-28.93M	-30.02M	-67.2M	-46.59M	-14.04M	-9.65M	-2.84M	26.52M	44M
Pretax Income+	-16.39M	-51.77M	-139.91M	-218.53M	77.85M	71.66M	89.97M	154.91M	223.43M
Pretax Margin %	-0.04%	-0.13%	-0.32%	-0.4%	0.11%	0.08%	0.08%	0.11%	0.13%
Income Tax+	-17.19M	-61M	-23.72M	195.28M	2.14M	19.21M	-17.99M	283K	-260.25M
Effective Tax Rate %	-0.05%	-0.18%	0.83%	1.89%	0.97%	0.73%	1.2%	1%	2.16%
Net Income+	796K	9.22M	-116.19M	-413.82M	75.71M	52.45M	107.96M	154.63M	483.68M
Net Margin %	0%	0.02%	-0.27%	-0.76%	0.11%	0.06%	0.09%	0.11%	0.28%
Net Income Growth %	-	10.59%	-13.6%	-2.56%	1.18%	-0.31%	1.06%	0.43%	2.13%
Net Income (Continuing)	796K	9.22M	-116.19M	-413.82M	75.71M	52.45M	107.96M	154.63M	483.68M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.00	0.03	-0.42	-1.58	0.26	0.18	0.37	0.52	1.59
EPS Growth %	-	-	-13.54%	-2.76%	1.16%	-0.31%	1.06%	0.41%	2.06%
EPS (Basic)	0.00	0.03	-0.42	-1.58	0.27	0.18	0.38	0.53	1.62
Diluted Shares Outstanding	280.41M	275.54M	275.54M	264.93M	286.51M	290.9M	291.62M	299.28M	303.6M
Basic Shares Outstanding	280.41M	275.54M	275.54M	264.93M	280.47M	284.16M	287.7M	294.05M	298.38M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	202.28M	244.42M	213.22M	487.78M	680.28M	948.42M	1.12B	1.61B	1.93B
Cash & Short-Term Investments	57.95M	77.58M	51.31M	213.17M	324.96M	462.97M	555.35M	836.87M	1.11B
Cash Only	57.95M	77.58M	51.31M	213.17M	324.96M	462.97M	555.35M	778.98M	1.02B
Short-Term Investments	0	0	0	0	0	0	0	57.89M	96.19M
Accounts Receivable	114.58M	136.48M	115.43M	157.06M	242.08M	350.67M	442.52M	613.58M	636.01M
Days Sales Outstanding	102.91	125.15	97.76	105.03	125.6	137.71	139.42	156.55	136.66
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	19.49M	20.82M	33.14M	104.36M	92.93M	110M	90.3M	108.41M	122.67M
Total Non-Current Assets+	1.69B	1.65B	1.6B	1.56B	1.58B	1.59B	1.65B	1.8B	2.21B
Property, Plant & Equipment	15.47M	18.48M	17.93M	31.51M	79.88M	104.12M	121.65M	114.72M	129M
Fixed Asset Turnover	26.26x	21.54x	24.04x	17.32x	8.81x	8.93x	9.52x	12.47x	13.17x
Goodwill	1.25B	1.27B	1.27B	1.27B	1.27B	1.28B	1.28B	1.34B	1.34B
Intangible Assets	398.17M	330.12M	259.12M	201.59M	149.48M	105.74M	63.6M	50.99M	25.53M
Long-Term Investments	0	0	0	0	0	0	0	46.35M	51.65M
Other Non-Current Assets	26.16M	25.2M	40.3M	47.86M	58.57M	73.05M	100.28M	118.09M	136.05M
Total Assets+	1.89B	1.9B	1.81B	2.05B	2.26B	2.54B	2.77B	3.41B	4.14B
Asset Turnover	0.21x	0.21x	0.24x	0.27x	0.31x	0.37x	0.42x	0.42x	0.41x
Asset Growth %	-	0%	-0.05%	0.13%	0.1%	0.13%	0.09%	0.23%	0.21%
Total Current Liabilities+	1.99B	2B	950.9M	490.18M	647.91M	865.6M	1.04B	1.26B	1.38B
Accounts Payable	3.76M	3.17M	6.56M	11.11M	9.62M	22.71M	21.95M	21.41M	27.29M
Days Payables Outstanding	13.45	11.97	22.42	31.46	27.5	47.96	35.95	29.33	31.1
Short-Term Debt	0	1.75B	606.65M	0	0	0	0	0	0
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.94B	32.4M	35.19M	40.69M	63.89M	76.28M	105.99M	127.1M	127.71M
Current Ratio	0.10x	0.12x	0.22x	1.00x	1.05x	1.10x	1.08x	1.28x	1.40x
Quick Ratio	0.10x	0.12x	0.22x	1.00x	1.05x	1.10x	1.08x	1.28x	1.40x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	164.71M	1.25B	590.99M	494.71M	371.26M	123.44M	135.74M	137.24M
Long-Term Debt	0	0	1.01B	509.99M	391.91M	273.92M	0	0	0
Capital Lease Obligations	0	0	0	0	38.2M	52.07M	59.52M	54.01M	61.38M
Deferred Tax Liabilities	0	80.19M	47.6M	0	1.01M	85K	280K	1.01M	419K
Other Non-Current Liabilities	0	31.91M	98.36M	20.29M	16.07M	19.41M	29.21M	18.4M	24.45M
Total Liabilities	1.99B	2.17B	2.2B	1.08B	1.14B	1.24B	1.16B	1.39B	1.52B
Total Debt+	0	1.75B	1.62B	509.99M	439.61M	338.76M	75.17M	69.53M	75.36M
Net Debt	-57.95M	1.67B	1.57B	296.81M	114.64M	-124.2M	-480.18M	-709.46M	-941.68M
Debt / Equity	-	-	-	0.53x	0.39x	0.26x	0.05x	0.03x	0.03x
Debt / EBITDA	-	28.89x	218.59x	-	2.88x	2.45x	0.51x	0.38x	0.33x
Net Debt / EBITDA	-0.59x	27.61x	211.66x	-	0.75x	-0.90x	-3.26x	-3.87x	-4.14x
Interest Coverage	0.49x	-0.62x	-1.04x	-3.79x	6.47x	7.98x	27.23x	-	-
Total Equity+	-264.51M	-268.69M	-390.26M	965.7M	1.11B	1.3B	1.6B	2.02B	2.62B
Equity Growth %	-	-0.02%	-0.45%	3.47%	0.15%	0.17%	0.23%	0.26%	0.3%
Book Value per Share	-0.94	-0.98	-1.42	3.65	3.89	4.48	5.50	6.73	8.63
Total Shareholders' Equity	-264.51M	-268.69M	-390.26M	965.7M	1.11B	1.3B	1.6B	2.02B	2.62B
Common Stock	0	0	0	281K	283K	286K	290K	297K	300K
Retained Earnings	-69.03M	-59.81M	-176M	-589.82M	-513.8M	-461.35M	-353.39M	-198.76M	284.93M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-195.48M	-25.8M	-29.71M	-18.11M	-26.21M	-26.69M	-31.83M	-35.4M	-34.64M
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	94.56M	118.84M	147.14M	-142.46M	220.44M	250.92M	354.88M	378.11M	459.42M
Operating CF Margin %	0.23%	0.3%	0.34%	-0.26%	0.31%	0.27%	0.31%	0.26%	0.27%
Operating CF Growth %	-	0.26%	0.24%	-1.97%	2.55%	0.14%	0.41%	0.07%	0.22%
Net Income	796K	9.22M	-116.19M	-413.82M	75.71M	52.45M	107.96M	154.63M	483.68M
Depreciation & Amortization	84.92M	82.24M	80.11M	66.32M	60.96M	56.88M	54.61M	54.94M	48.1M
Stock-Based Compensation	349K	22.29M	71.15M	222.48M	57.78M	99.54M	146.87M	208.9M	271.7M
Deferred Taxes	-28.41M	-73.2M	-34.21M	-46.22M	-7.04M	-12.4M	-53.53M	-59.91M	-392.94M
Other Non-Cash Items	1.82M	400K	-1.14M	6.13M	1.84M	1.49M	6.91M	11.22M	2.04M
Working Capital Changes	35.08M	77.88M	147.43M	22.66M	31.16M	52.97M	92.06M	8.34M	46.84M
Change in Receivables	10.58M	-14.73M	17.98M	-44.02M	-81.99M	-108.85M	-94.91M	-161.89M	-24.03M
Change in Inventory	0	0	0	0	0	0	0	0	0
Change in Payables	9.69M	26.8M	32.4M	53M	26.59M	35.95M	58.68M	37.9M	31.53M
Cash from Investing+	-13.88M	-26.53M	-9.25M	-20.61M	-13.88M	-30.89M	-21.54M	-193.05M	-69.31M
Capital Expenditures	-8.66M	-11.61M	-7.38M	-19.72M	-14.08M	-17.7M	-21.54M	-26.46M	-26.11M
CapEx % of Revenue	0.02%	0.03%	0.02%	0.04%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-5.22M	-3.62M	-1.87M	-892K	197K	0	0	-5.27M	-2.7M
Cash from Financing+	-63.02M	-75.5M	-161.48M	329.39M	-97.8M	-80.66M	-232.34M	50.66M	-151.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-1.2B	259.44M	0	0	-1.95M	0	-21.17M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	80.68M	103.61M	137.89M	-162.18M	206.36M	233.22M	333.35M	351.65M	433.31M
FCF Margin %	0.2%	0.26%	0.32%	-0.3%	0.29%	0.25%	0.29%	0.25%	0.26%
FCF Growth %	-	0.28%	0.33%	-2.18%	2.27%	0.13%	0.43%	0.05%	0.23%
FCF per Share	0.29	0.38	0.50	-0.61	0.72	0.80	1.14	1.17	1.43
FCF Conversion (FCF/Net Income)	118.79x	12.89x	-1.27x	0.34x	2.91x	4.78x	3.29x	2.45x	0.95x
Interest Paid	163K	38K	40.97M	39.57M	12.47M	8.38M	7.11M	851K	753K
Taxes Paid	8.91M	12.91M	5.93M	266.71M	7.34M	24.25M	14.31M	81.36M	117.98M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-	-	-143.82%	7.28%	4.34%	7.42%	8.54%	20.86%
Return on Invested Capital (ROIC)	-	-3.03%	-4.23%	-10.57%	5.53%	5.06%	6.04%	7.92%	9.02%
Gross Margin	74.86%	75.75%	75.22%	76.38%	81.85%	81.4%	80.76%	81.37%	81.15%
Net Margin	0.2%	2.32%	-26.96%	-75.82%	10.76%	5.64%	9.32%	10.81%	28.47%
Debt / Equity	-	-	-	0.53x	0.39x	0.26x	0.05x	0.03x	0.03x
Interest Coverage	0.49x	-0.62x	-1.04x	-3.79x	6.47x	7.98x	27.23x	-	-
FCF Conversion	118.79x	12.89x	-1.27x	0.34x	2.91x	4.78x	3.29x	2.45x	0.95x
Revenue Growth	-	-2.05%	8.27%	26.65%	28.89%	32.12%	24.65%	23.48%	18.75%

Revenue by Segment

	2020	2021	2022	2023	2024	2025
Subscription and Circulation	487.82M	655.18M	870.38M	1.08B	1.36B	1.62B
Subscription and Circulation Growth	-	34.31%	32.85%	24.47%	25.48%	19.33%
Service	45.3M	46.88M	59.01M	75.2M	71.18M	76.52M
Service Growth	-	3.49%	25.86%	27.44%	-5.35%	7.51%
License	12.69M	1.45M	54K	-	-	-
License Growth	-	-88.60%	-96.27%	-	-	-

Revenue by Geography

	2020	2021	2022	2023	2024	2025
North America	318.3M	388.19M	512.95M	690.9M	852.5M	1.04B
North America Growth	-	21.96%	32.14%	34.69%	23.39%	21.60%
EMEA	150.42M	216.65M	278.9M	292.18M	354.79M	407.2M
EMEA Growth	-	44.03%	28.74%	4.76%	21.43%	14.77%
Asia Pacific	60.42M	78.3M	96.45M	111.34M	130.61M	151.41M
Asia Pacific Growth	-	29.59%	23.19%	15.43%	17.31%	15.93%
Latin America	16.67M	20.38M	41.14M	64.12M	92.63M	103.41M
Latin America Growth	-	22.26%	101.89%	55.84%	44.47%	11.63%

Frequently Asked Questions

Valuation & Price

Dynatrace, Inc. (DT) has a price-to-earnings (P/E) ratio of 24.8x. This is roughly in line with market averages.

Growth & Financials

Dynatrace, Inc. (DT) reported $1.85B in revenue for fiscal year 2025. This represents a 356% increase from $406.4M in 2017.

Dynatrace, Inc. (DT) grew revenue by 18.7% over the past year. This is strong growth.

Yes, Dynatrace, Inc. (DT) is profitable, generating $506.3M in net income for fiscal year 2025 (28.5% net margin).

Dividend & Returns

Dynatrace, Inc. (DT) has a return on equity (ROE) of 20.9%. This is excellent, indicating efficient use of shareholder capital.

Dynatrace, Inc. (DT) generated $476.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.