Dynatrace, Inc.
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Dynatrace, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.0 billion, up 18.8% from fiscal 2025. In the quarter to June 2026, revenue grew 16.2%, EPS fell 18.8% and free cash flow grew 15.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.
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Dynatrace, Inc. (DT) Altman Z-score
Dynatrace, Inc.'s Altman Z-score for fiscal 2026 is 4.62, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 4.62 | (1.74) |
| FY2025 | 6.37 | (0.09) |
| FY2024 | 6.46 | (0.22) |
| FY2023 | 6.68 | (0.07) |
| FY2022 | 6.75 | (0.50) |
| FY2021 | 7.25 | 4.16 |
| FY2020 | 3.09 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.13 | — | 0.15 | |
| Retained earnings / total assets | 0.10 | — | 0.14 | |
| EBIT / total assets | 0.06 | — | 0.18 | |
| Market value of equity / total liabilities | 6.15 | — | 3.69 | |
| Sales / total assets | 0.46 | — | 0.46 | |
| Altman Z-score | Safe zone | 4.62 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.05 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MANH Manhattan Associates, Inc. compare | 15.1× |
| FICO Fair Isaac Corporation compare | 12.0× |
| TYL Tyler Technologies, Inc. compare | 7.2× |
| PTC PTC Inc. compare | 6.6× |
| GWRE Guidewire Software, Inc. compare | 6.0× |
| DT Dynatrace, Inc. | 4.6× |
| DOCU Docusign Inc. compare | 3.0× |
| U Unity Software Inc. compare | 2.5× |
| SSNC SS&C Technologies Holdings, Inc. compare | 1.8× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets