Dynatrace
DT · Application Software
$64.05
1.1%Unity Software
U · Application Software
$40.79
1.3%The short version
- Dynatrace is the larger business, with $2.0B of revenue in fiscal 2026 against $1.8B for Unity Software.
- Dynatrace grew revenue faster (18.8%, against 2.0%).
- Dynatrace kept more of each dollar of sales as operating profit (12.2% operating margin, against −25.9% operating margin).
- Dynatrace turned more of its sales into free cash flow (26.2% FCF margin, against 21.8% FCF margin).
- Dynatrace earned a higher return on the capital invested in it (9.0%, against −10.3%).
| Latest fiscal year | DT · FY26 | U · FY25 |
|---|---|---|
| Size | ||
| Market cap | $18.8B | $17.9B |
| Revenue | $2.0B | $1.8B |
| Free cash flow | $530M | $404M |
| Net income | $163M | −$403M |
| Growth | ||
| Revenue growth | 18.8% | 2.0% |
| 5-year growth | 23.5% | 19.1% |
| Share count change | 0.0% | 6.3% |
| Profitability | ||
| Gross margin | 81.6% | 74.2% |
| Operating margin | 12.2% | −25.9% |
| Net margin | 8.1% | −21.8% |
| FCF margin | 26.2% | 21.8% |
| Return on capital | 9.0% | −10.3% |
| Return on equity | 6.2% | −12.5% |
| Balance sheet | ||
| Net debt | −$1.2B | $180M |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $479M | $0.0M |
| Valuation & quality | ||
| P/E | 128.1x | — |
| Piotroski F-score | 4 | 5 |
FY18
DT $398M
U $381M
FY19
DT $431M
U $542M
FY20
DT $546M
U $772M
FY21
DT $704M
U $1.1B
FY22
DT $929M
U $1.4B
FY23
DT $1.2B
U $2.2B
FY24
DT $1.4B
U $1.8B
FY25
DT $1.7B
U $1.8B
FY26
DT $2.0B
U —
DT
U
FY18
DT −5.5%
U −34.2%
FY19
DT −16.9%
U −27.8%
FY20
DT −31.5%
U −35.6%
FY21
DT 13.1%
U −47.9%
FY22
DT 8.8%
U −63.4%
FY23
DT 8.0%
U −38.1%
FY24
DT 9.0%
U −41.7%
FY25
DT 10.6%
U −25.9%
FY26
DT 12.2%
U —
DT
U
FY18
DT $107M
U −$119M
FY19
DT $140M
U −$95.0M
FY20
DT −$162M
U −$20.2M
FY21
DT $206M
U −$153M
FY22
DT $233M
U −$117M
FY23
DT $333M
U $179M
FY24
DT $352M
U $286M
FY25
DT $433M
U $404M
FY26
DT $530M
U —
DT
U
FY18
DT —
U —
FY19
DT —
U —
FY20
DT −14.8%
U —
FY21
DT 7.3%
U −26.9%
FY22
DT 5.2%
U −19.9%
FY23
DT 8.6%
U −14.7%
FY24
DT 11.5%
U −14.5%
FY25
DT 13.4%
U −10.3%
FY26
DT 9.0%
U —
DT
U
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.