DT
Dynatrace, Inc.
DT's fundamentals are mixed: revenue grew 18%, but earnings per share fell 67%. At 83x earnings, it's trading below its usual 104x. Analysts expect earnings growth.
DT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Strong |
DT's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
DT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $44.90 | — |
| Cheap | 42x | $22.55 | -50% |
| Current | 83x | $44.90 | — |
| Fair | 103x | $55.64 | +24% |
| Expensive | 244x | $132 | +194% |
Historical ranges are pointers, not guarantees.
DT's PE is in its cheap range at 83x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
DT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect earnings and revenue growth for DT, but weaker profitability.
DT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.92 | +255% |
| Q3 2026 | $0.54 | -67% |
| Q2 2026 | $0.50 | -69% |
| Q1 2026 | $0.54 | -66% |
| Q4 2025 | $0.60 | -63% |
| Q3 2025 | $1.66 | +202% |
| Q2 2025 | $1.62 | +212% |
| Q1 2025 | $1.59 | +206% |
| Q4 2024 | $1.60 | +142% |
DT's earnings per share have fallen from their peak: $0.54 over the past year, against $1.66 in late 2025.
DT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $579.9M | +17% |
| Q2 2026 | $554.5M | +16% |
| Q1 2026 | $531.7M | +19% |
| Q4 2025 | $515.5M | +18% |
| Q3 2025 | $493.8M | +18% |
| Q2 2025 | $477.3M | +20% |
| Q1 2025 | $445.2M | +17% |
| Q4 2024 | $436.2M | +19% |
DT's revenue has grown year over year every quarter since late 2020: $580M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +1.7 points |
| Q2 2026 | 13% | -0.2 points |
| Q1 2026 | 7% | -2.6 points |
| Q4 2025 | 14% | +3.2 points |
| Q3 2025 | 15% | +3.5 points |
| Q2 2025 | 13% | +2.5 points |
| Q1 2025 | 9.6% | +3.6 points |
| Q4 2024 | 11% | +1.1 points |
DT's operating margin was 16% last quarter, up 1.7 points from the same quarter a year ago, near the top of its range since 2019.
DT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $36M | +29% |
| Q2 2026 | $303.1M | +16% |
| Q1 2026 | $212.4M | +43% |
| Q4 2025 | $27.2M | -28% |
| Q3 2025 | $27.8M | +38% |
| Q2 2025 | $262.2M | +15% |
| Q1 2025 | $148.2M | +22% |
| Q4 2024 | $37.6M | -48% |
DT's free cash flow has been positive every quarter for seven years: $579M over the past year, up 22% from the year before.
DT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.7% | +7.9M shares |
| 1 year | -0.9% | -2.6M shares |
| 3 years | +1.3% | +3.9M shares |
| 5 years | +3.6% | +10.5M shares |
| Available history | +7.7% | +21.5M shares |
DT has 302M diluted shares, down 0.9% from a year ago, with $907M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $247.4M |
| Q2 2026 | $275.5M |
| Q1 2026 | $223.7M |
| Q4 2025 | $160M |
| Q3 2025 | $50M |
| Q2 2025 | $45M |
| Q1 2025 | $42.5M |
| Q4 2024 | $40M |
DT spent $907M buying back its own shares over the past year, about five times what it spent the year before.
DT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -6.8x | Net Cash |
| Q2 2026 | -3.8x | Net Cash |
| Q1 2026 | -4.1x | Net Cash |
| Q4 2025 | -4.0x | Net Cash |
| Q3 2025 | -4.8x | Net Cash |
| Q2 2025 | -5.2x | Net Cash |
| Q1 2025 | -4.5x | Net Cash |
| Q4 2024 | -4.2x | Net Cash |
DT has more cash than debt.
DT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.9 | Neutral |
| Stochastic | 25.2 | Neutral |
DT's weekly RSI is 44 (neutral) and its Stochastic is 25 (neutral).
DT PE vs Technology Sector
| Metric | DT | Sector median | Relative |
|---|---|---|---|
| PE | 83x | 28x | 198% above |
| PE % | 30 | 35 | 5 pts below |
DT is trading at 83x earnings, a 198% premium to the Technology sector's median of 28x.
DT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $56.5 | 21% below |
| 20 week MA | $51.5 | 13% below |
| 50 week MA | $44.3 | 1.3% above |
| 100 week MA | $47.7 | 5.8% below |
| 200 week MA | $48.1 | 6.7% below |
DT's trend is mixed: it's above one of its five weekly moving averages, and 6.7% below its 200-week average.
DT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.7 | $43.2 | +68% |
| 2021 | $43.2 | $60.7 | +41% |
| 2022 | $60.7 | $37.3 | -39% |
| 2023 | $37.3 | $54.7 | +47% |
| 2024 | $54.7 | $54.7 | 0% |
| 2025 | $54.7 | $44.3 | -19% |
| 2026 YTD | $44.3 | $44.9 | +1.3% |
DT has finished lower in three of the last six years. It's up 1.3% so far in 2026.