NYSE · DT

Dynatrace, Inc.

Technology · Software - Application

$57.20▲ 1.42% ($0.80)at close

As of 4:00 PM ET

52-week

$31.64$57.25

Market cap

$16.67B

P/E

What the market price implies · Reverse DCF

To support a price of $57.20, this model requires revenue to grow by 18.68%/yr over the next 10 years, compounded annually.

Historical revenue grew by 21.39%/yr over the past 4 years. The required annual growth rate is 2.72 percentage points lower.

Selected forecast · Base scenario

11.98%/yr · actual 10-year annualized revenue growth

Year 1 growth: 18.8%

Market-implied · Base operating assumptions + edited margins

18.68%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$57.20

Estimated value / share

$35.88

Base scenario

This estimate is 37.27% below the price used.

USD · TTM ending 2026-06-30

Year 1 growth 18.8% · Ending margin 13.03% · Discount rate 9.04%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 22, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 22, 2026, 9:21 PM UTC · provider

Why this method?

FCFF is positive, but the series is too unstable to anchor a direct cash-flow CAGR and the business still fails the steady-state comparability checks. Use a revenue-and-margin transition model instead of normalizing and compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 6 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 30.9%.

Do you have 5+ years of positive FCFF history? 6 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Revenue is still growing 16.2%, above the 15.0% maturity threshold, so a steady-state FCFF model would lean too heavily on a business still scaling.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 17.7%Revenue (TTM): 17.94%FCF (TTM): 21.3%P/FCF: 13th pct

What changed

The stock rose 17.7% over the last year. Revenue grew 17.94% over the trailing twelve months. Operating margin moved from 11.24% to 13.03%. Free cash flow grew 21.3% over the trailing twelve months.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 13th percentile of their historical P/FCF range.

What would invalidate this read

Operating margin is at 13.03%. Revenue grew 17.94% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.

Performance

Return analysis

Company profile

Dynatrace, Inc. specializes in providing a sophisticated software intelligence platform tailored for complex, evolving multi-cloud setups.

CEORick McConnell

SectorTechnology

IndustrySoftware - Application

Employees5,600

IPO dateAug 1, 2019

https://www.dynatrace.com

Market multiples

Forward P/E—

EV/EBITDA31.10

Enterprise value$10.07B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth16.17%

Gross margin (FY2026)81.56%▲0.4ppvs FY2025

Operating margin (FY2026)13.08%▲2.5ppvs FY2025

ROE5.88%▼0.3ppvs FY2026

Analyst consensus

RatingBuy

Target price$56.65▼0.96%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 4, 2026

Q4 FY26 · EPS est $0.49 · Revenue est $567.92M

View