Dynatrace
DT · NYSEServices-Prepackaged Software · Fiscal year ends Mar 31
Dynatrace reported revenue of $2B in the fiscal year ended Mar 2026, up 18.8% from the year before. Operating income was $245M, an operating margin of 12.2%, and net income was $163M. Operating cash flow of $562M less capital expenditure of $32M left free cash flow of $530M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | $929M | $1.2B | $1.4B | $1.7B | $2B |
| Cost of revenue | $173M | $223M | $266M | $320M | $372M |
| Gross profit | $757M | $936M | $1.2B | $1.4B | $1.6B |
| Research & development | $156M | $218M | $305M | $385M | $474M |
| Operating income | $81M | $93M | $128M | $179M | $245M |
| Net interest incomeBanks | −$10M | −$3M | $37M | – | – |
| Interest expense | $10M | $9M | $1M | $1M | $800,000 |
| Pre-tax income | $72M | $90M | $155M | $223M | $300M |
| Income tax | $19M | −$18M | $283,000 | −$260M | $137M |
| Net income | $52M | $108M | $155M | $484M | $163M |
| Diluted EPS | 0.18 | 0.37 | 0.52 | 1.59 | 0.54 |
| Diluted shares | 291M | 292M | 299M | 304M | 304M |
Balance sheet
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $463M | $555M | $779M | $1B | $1.1B |
| Receivables | $351M | $443M | $603M | $624M | $710M |
| Current assets | $948M | $1.1B | $1.6B | $1.9B | $2.1B |
| Net PP&E | $45M | $54M | $53M | $62M | $73M |
| Goodwill | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B |
| Total assets | $2.5B | $2.8B | $3.4B | $4.1B | $4.4B |
| Payables | $23M | $22M | $21M | $27M | $3M |
| Deferred revenue | $689M | $811M | $988M | $1.1B | $1.2B |
| Current liabilities | $866M | $1B | $1.3B | $1.4B | $1.6B |
| Short-term debt | $0 | – | – | – | – |
| Long-term debt | $274M | $0 | – | – | – |
| Total liabilities | $1.2B | $1.2B | $1.4B | $1.5B | $1.8B |
| Shareholders' equity | $1.3B | $1.6B | $2B | $2.6B | $2.6B |
| Backlog (remaining obligations) | $1.6B | $2B | $2.4B | $2.9B | $3.5B |
Cash flow
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $251M | $355M | $378M | $459M | $562M |
| Capital expenditure | $18M | $22M | $26M | $26M | $32M |
| Free cash flow | $233M | $333M | $352M | $433M | $530M |
| Depreciation & amortisation | $11M | $13M | $15M | $19M | $18M |
| Stock-based compensation | $100M | $147M | $209M | $272M | $300M |
| Acquisitions | $13M | $0 | $57M | $100,000 | $6M |
| Share buybacks | – | $0 | $0 | $173M | $479M |
Key ratios
| Fiscal year | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 24.6% | 23.5% | 18.7% | 18.8% |
| Operating income growth (YoY) | – | 14.1% | 38.3% | 39.7% | 36.8% |
| EPS growth (YoY) | – | 105.6% | 40.5% | 205.8% | −66.0% |
| Gross margin | 81.4% | 80.8% | 81.4% | 81.2% | 81.6% |
| Operating margin | 8.7% | 8.0% | 9.0% | 10.6% | 12.2% |
| Net margin | 5.6% | 9.3% | 10.8% | 28.5% | 8.1% |
| Return on equityBlank when equity is negative | 4.0% | 6.7% | 7.7% | 18.5% | 6.2% |
| ROCEEBIT ÷ (assets − current liabilities) | 4.9% | 5.4% | 6.0% | 6.5% | 8.6% |
| Free cash flow margin | 25.1% | 28.8% | 24.6% | 25.5% | 26.2% |
| Cash conversion (CFO ÷ net income) | 4.78x | 3.29x | 2.45x | 0.95x | 3.45x |
| Receivable days | 138 | 139 | 154 | 134 | 128 |
| Payable days | 48 | 36 | 29 | 31 | 3 |
| Interest cover | 7.82x | 10.8x | 91.7x | 179x | 307x |
| Debt ÷ equity | 0.21x | 0.00x | – | – | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$189M | −$555M | – | – | – |
| Current ratio | 1.10x | 1.08x | 1.28x | 1.40x | 1.35x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.