DYNATRACE, INC.

DT · Technology · $13.1B mkt cap · FY2026 filings · Narrow moat

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Narrow moat

The four filters

Pricing power99

Median gross margin 81.2% over 9y, very stable.

Returns on capital27

Median ROIC 8.2%, above the 9% hurdle in 38% of years.

Balance-sheet safety73

Net debt/EBITDA n/ax, interest coverage 307x.

Capital discipline70

Owner earnings +39.3%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

470% above value

Owner earnings (normalized): $128.2M
Est. intrinsic value / share: $7.83
Recent price: $44.62
Discount to value: 470% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell DT. See the disclaimer.