DT
Dynatrace, Inc.
Next earnings Aug 4, 2026 · consensus $0.46 EPS, $566M rev
Last earnings -11.4% on 2026-05-13
$44.77
▲ +1.20%$44.77▼ -18.91%
over 1Y
L $32.36H $56.64
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.2%
1W+11.1%
1M-0.4%
3M+18.8%
YTD+5.7%
1Y-18.9%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 45 analysts
Buy
Best-in-class observability SaaS growing 19% with 82% margins and no debt — a quality compounder, but 77x earnings is full.
Revenue $2.02B · FY2026
The read
Middling fundamentals and a rich price (~91% above fair value) leave little margin of safety — a wait-and-see.
Dynatrace is a leading AI-powered observability and application-security platform selling subscriptions to large enterprises. The growth and quality are excellent: FY2026 revenue rose 18.8% to $2.02B (ARR of $2,054M, +18%), gross margin is 81.6%, and GAAP operating income grew 36.8% to $245M on improving operating leverage. The balance sheet is pristine — no long-term debt, $1.10B cash, and 0.69x liabilities/equity — and operating cash flow climbed 22.3% to $562M, with management citing $529M of free cash flow.
The headline that net income fell 66.4% to $163M (EPS -66.0% to $0.54) looks alarming but is a base-effect distortion: FY2025 net income of $484M was inflated relative to the ~$155M in FY2024 and the $245M of FY2026 operating income, so the underlying operating trajectory is actually up, not down. Retained earnings still grew 57.1% to $448M, and the company bought back $479M of stock (up 177.3%), cutting shares 2.7%.
Is DT a buy? The one-page verdict, explained →
The options angle
model · matches our verdictCovered call~90d expiry
- Long 100 shares @ ~44.77
- Short call 47 @ ~3.08 est
debit $4,169max +$531max −$4,168BE 41.69
HOLD means own it, don't chase it — harvesting premium against the position matches the verdict.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $929M | $1.16B | $1.43B | $1.70B | $2.02B |
| Gross profit | $757M | $936M | $1.16B | $1.38B | $1.65B |
| Operating income | $81.3M | $92.8M | $128M | $179M | $245M |
| Net income | $52.5M | $108M | $155M | $484M | $163M |
| Diluted EPS | $0.18 | $0.37 | $0.52 | $1.59 | $0.54 |
| Net margin | 5.6% | 9.3% | 10.8% | 28.5% | 8.1% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$12.0B
EV / EBITDA46.3
EV / Sales5.9
EV / FCF22.6
P / FCF24.6
PEG (trailing)—
Earnings yield1.2%
FCF yield4.1%
Quality & risk
ROIC (est.)7.4%
Free cash flow$530M
Total debt$0.00
Net cash$1.10B
Altman Z-Score5.27 safe
Piotroski F-Score7/9
Capital returns
Buyback yield3.7%
Dividend yield (est.)—
Shareholder yield3.7%
Shares Δ YoY-2.7%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-302026-07-02open ↗4Period ending 2026-06-302026-07-02open ↗3Period ending 2026-06-302026-07-02open ↗3Period ending 2026-06-302026-07-02open ↗8-KPeriod ending 2026-06-302026-07-01open ↗4Period ending 2026-06-152026-06-17open ↗4/APeriod ending 2026-06-052026-06-17open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗4Period ending 2026-06-052026-06-09open ↗
Frequently asked
- Is Dynatrace, Inc. (DT) a buy?
- DT currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Best-in-class observability SaaS growing 19% with 82% margins and no debt — a quality compounder, but 77x earnings is full.
- What is DT's fair value?
- A Modified-Graham model based on DT's SEC fundamentals estimates a fair value of about $4.13. It is an estimate from reported earnings, not a price target.
- Is DT overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, DT currently appears overvalued relative to its SEC-grounded earnings power.
- What is Dynatrace, Inc.'s quality score?
- DT scores 58.39646439519649/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001773383, latest 10-K filed 2026-05-20) · EODHD · Proprietary analysis · as of 6/21/2026, 8:46:09 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:46 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.