DV
DoubleVerify Holdings, Inc.
DV has the edge over MSFT overall, supported by stronger valuation and stronger fundamentals.
MSFT
Microsoft Corporation
MSFT has lower modeled downside risk, despite its lower overall score.
DV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
DV's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
DV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 21x | $13.57 | — |
| Current | 34x | $13.57 | — |
| Cheap | 38x | $15.32 | +13% |
| Fair | 71x | $28.23 | +108% |
| Expensive | 132x | $52.60 | +288% |
Historical ranges are pointers, not guarantees.
DV's PE is in its cheap range at 34x. If earnings grow as analysts expect, today's price would be 21x next year's earnings.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT has the edge over DV in the historical PE scenario, which offers more potential upside but is not a forecast.
DV Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
DV has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
DV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.63 | +59% |
| Q3 2026 | $0.40 | +54% |
| Q2 2026 | $0.36 | +20% |
| Q1 2026 | $0.33 | +14% |
| Q4 2025 | $0.30 | -6.3% |
| Q3 2025 | $0.26 | -30% |
| Q2 2025 | $0.30 | -14% |
| Q1 2025 | $0.29 | -24% |
| Q4 2024 | $0.32 | -22% |
DV earned $0.40 per share over the past year, up 54% from the year before.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the edge over DV on earnings, with more consistent year-over-year improvement.
DV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $205.6M | +9% |
| Q2 2026 | $193.8M | +2.5% |
| Q1 2026 | $180.8M | +9.6% |
| Q4 2025 | $205.6M | +7.9% |
| Q3 2025 | $188.6M | +11% |
| Q2 2025 | $189M | +21% |
| Q1 2025 | $165.1M | +17% |
| Q4 2024 | $190.6M | +11% |
DV's revenue has grown year over year every quarter since late 2020: $206M last quarter, up 9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +2.6 points |
| Q2 2026 | 12% | +4.7 points |
| Q1 2026 | 8.7% | +4.6 points |
| Q4 2025 | 18% | -1.9 points |
| Q3 2025 | 11% | -4 points |
| Q2 2025 | 7.2% | +0.1 points |
| Q1 2025 | 4.1% | -0.8 points |
| Q4 2024 | 20% | -1.5 points |
DV's operating margin was 14% last quarter, up 2.6 points from the same quarter a year ago.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over DV on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over DV on profitability, with a higher operating margin.
DV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $45.7M | +17% |
| Q2 2026 | $65.7M | +64% |
| Q1 2026 | -$6.4M | -120% |
| Q4 2025 | $62.1M | +107% |
| Q3 2025 | $39M | -19% |
| Q2 2025 | $40.1M | +40% |
| Q1 2025 | $31.4M | +24% |
| Q4 2024 | $30M | -37% |
DV has the edge over MSFT on cash flow, with more consistent year-over-year improvement.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT's free cash flow has been positive every quarter for seven years: $60B over the past year, down 23% from the year before.
DV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +2.4M shares |
| 1 year | -3.7% | -6.2M shares |
| 3 years | -7.9% | -13.7M shares |
| 5 years | -4% | -6.7M shares |
| Available history | +8.8% | +12.9M shares |
DV has the edge over MSFT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $25.1M |
| Q1 2026 | $75.1M |
| Q4 2025 | — |
| Q3 2025 | $50.1M |
| Q2 2025 | — |
| Q1 2025 | $82.2M |
| Q4 2024 | $77.9M |
DV spent $100M buying back its own shares over the past year, down 52% from the year before.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has 7.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
DV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.3x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -1.9x | Net Cash |
| Q3 2025 | -1.5x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -1.2x | Net Cash |
| Q4 2024 | -2.3x | Net Cash |
DV has the edge over MSFT on leverage, with a lower net debt burden relative to earnings.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT's net debt is less than a year of its operating earnings (EBITDA).
DV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.4 | Neutral |
| Stochastic | 91.6 | Overbought |
DV's weekly RSI is 65 (neutral) and its Stochastic is 92 (overbought).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
DV PE vs Technology Sector
| Metric | DV | Sector median | Relative |
|---|---|---|---|
| PE | 34x | 28x | 22% above |
| PE % | 6 | 42 | 36 pts below |
DV is trading at 34x earnings, a 22% premium to the Technology sector's median of 28x.
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT has the edge over DV on valuation relative to its sector.
DV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.5 | 0.4% above |
| 20 week MA | $12.9 | 5.3% above |
| 50 week MA | $11.4 | 19% above |
| 100 week MA | $13.1 | 3.4% above |
| 200 week MA | $20.6 | 34% below |
DV has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 34% below its 200-week average.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT's trend is up, with a small recent dip: it's below only its 8-week average, and 27% above its 200-week average.
DV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $34.2 | $32.8 | -4.3% |
| 2022 | $32.8 | $21.8 | -33% |
| 2023 | $21.8 | $36.8 | +69% |
| 2024 | $36.8 | $19.6 | -47% |
| 2025 | $19.6 | $11.5 | -41% |
| 2026 YTD | $11.5 | $13.6 | +18% |
DV has the edge over MSFT on returns for 2026, with the stronger performance.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has finished higher in five of the last six years, two of them by more than 50%. It's up 7.2% so far in 2026.