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Side-by-side financial comparison of Dynatrace, Inc. (DT) and ESAB Corp (ESAB). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $515.5M, roughly 1.4× Dynatrace, Inc.). Dynatrace, Inc. runs the higher net margin — 7.8% vs 7.5%, a 0.2% gap on every dollar of revenue. On growth, Dynatrace, Inc. posted the faster year-over-year revenue change (18.2% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $27.2M). Over the past eight quarters, Dynatrace, Inc.'s revenue compounded faster (16.3% CAGR vs 2.8%).
Dynatrace, Inc. is an American multinational technology company that provides an AI-powered observability platform. Their software is used to monitor, analyze, and optimize application performance, software development, cyber security practices, IT infrastructure, and user experience.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
DT vs ESAB — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $515.5M | $727.8M |
| Net Profit | $40.1M | $54.8M |
| Gross Margin | 81.4% | 37.0% |
| Operating Margin | 14.1% | 14.6% |
| Net Margin | 7.8% | 7.5% |
| Revenue YoY | 18.2% | 8.5% |
| Net Profit YoY | -88.9% | 2.1% |
| EPS (diluted) | $0.13 | $0.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $515.5M | $727.8M | ||
| Q3 25 | $493.8M | $715.6M | ||
| Q2 25 | $477.3M | $678.1M | ||
| Q1 25 | $445.2M | — | ||
| Q4 24 | $436.2M | $670.8M | ||
| Q3 24 | $418.1M | $673.3M | ||
| Q2 24 | $399.2M | $707.1M | ||
| Q1 24 | $380.8M | $689.7M |
| Q4 25 | $40.1M | $54.8M | ||
| Q3 25 | $57.2M | $66.9M | ||
| Q2 25 | $48.0M | $67.4M | ||
| Q1 25 | $39.3M | — | ||
| Q4 24 | $361.8M | $53.7M | ||
| Q3 24 | $44.0M | $68.2M | ||
| Q2 24 | $38.6M | $82.9M | ||
| Q1 24 | $37.9M | $60.0M |
| Q4 25 | 81.4% | 37.0% | ||
| Q3 25 | 81.8% | 37.2% | ||
| Q2 25 | 82.1% | 37.6% | ||
| Q1 25 | 80.9% | — | ||
| Q4 24 | 81.1% | 38.5% | ||
| Q3 24 | 81.4% | 37.7% | ||
| Q2 24 | 81.3% | 38.2% | ||
| Q1 24 | 81.1% | 37.0% |
| Q4 25 | 14.1% | 14.6% | ||
| Q3 25 | 14.8% | 15.2% | ||
| Q2 25 | 13.1% | 16.2% | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 10.9% | 16.6% | ||
| Q3 24 | 11.2% | 15.7% | ||
| Q2 24 | 10.5% | 16.9% | ||
| Q1 24 | 6.1% | 16.0% |
| Q4 25 | 7.8% | 7.5% | ||
| Q3 25 | 11.6% | 9.3% | ||
| Q2 25 | 10.0% | 9.9% | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 82.9% | 8.0% | ||
| Q3 24 | 10.5% | 10.1% | ||
| Q2 24 | 9.7% | 11.7% | ||
| Q1 24 | 10.0% | 8.7% |
| Q4 25 | $0.13 | $0.90 | ||
| Q3 25 | $0.19 | $1.09 | ||
| Q2 25 | $0.16 | $1.10 | ||
| Q1 25 | $0.12 | — | ||
| Q4 24 | $1.19 | $0.87 | ||
| Q3 24 | $0.15 | $1.11 | ||
| Q2 24 | $0.13 | $1.35 | ||
| Q1 24 | $0.13 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $218.2M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $2.7B | $2.1B |
| Total Assets | $4.1B | $4.9B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $218.2M | ||
| Q3 25 | $1.3B | $258.2M | ||
| Q2 25 | $1.3B | $291.3M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.0B | $249.4M | ||
| Q3 24 | $1.0B | $253.7M | ||
| Q2 24 | $1.0B | $228.5M | ||
| Q1 24 | $836.9M | $76.5M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $992.8M |
| Q4 25 | $2.7B | $2.1B | ||
| Q3 25 | $2.8B | $2.1B | ||
| Q2 25 | $2.7B | $1.9B | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.1B | $1.7B | ||
| Q1 24 | $2.0B | $1.6B |
| Q4 25 | $4.1B | $4.9B | ||
| Q3 25 | $4.1B | $4.4B | ||
| Q2 25 | $4.1B | $4.2B | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $3.7B | $4.0B | ||
| Q3 24 | $3.3B | $4.1B | ||
| Q2 24 | $3.3B | $4.0B | ||
| Q1 24 | $3.4B | $3.8B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.61× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $33.8M | $81.5M |
| Free Cash FlowOCF − Capex | $27.2M | $70.3M |
| FCF MarginFCF / Revenue | 5.3% | 9.7% |
| Capex IntensityCapex / Revenue | 1.3% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.84× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | $465.5M | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.8M | $81.5M | ||
| Q3 25 | $32.0M | $46.6M | ||
| Q2 25 | $269.7M | $35.4M | ||
| Q1 25 | $162.8M | — | ||
| Q4 24 | $42.2M | $126.9M | ||
| Q3 24 | $23.6M | $101.0M | ||
| Q2 24 | $230.7M | $83.0M | ||
| Q1 24 | $131.7M | $44.5M |
| Q4 25 | $27.2M | $70.3M | ||
| Q3 25 | $27.8M | $37.4M | ||
| Q2 25 | $262.2M | $28.1M | ||
| Q1 25 | $148.2M | — | ||
| Q4 24 | $37.6M | $102.2M | ||
| Q3 24 | $20.1M | $90.4M | ||
| Q2 24 | $227.4M | $74.0M | ||
| Q1 24 | $121.9M | $37.1M |
| Q4 25 | 5.3% | 9.7% | ||
| Q3 25 | 5.6% | 5.2% | ||
| Q2 25 | 54.9% | 4.1% | ||
| Q1 25 | 33.3% | — | ||
| Q4 24 | 8.6% | 15.2% | ||
| Q3 24 | 4.8% | 13.4% | ||
| Q2 24 | 57.0% | 10.5% | ||
| Q1 24 | 32.0% | 5.4% |
| Q4 25 | 1.3% | 1.5% | ||
| Q3 25 | 0.8% | 1.3% | ||
| Q2 25 | 1.6% | 1.1% | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 1.1% | 3.7% | ||
| Q3 24 | 0.8% | 1.6% | ||
| Q2 24 | 0.8% | 1.3% | ||
| Q1 24 | 2.6% | 1.1% |
| Q4 25 | 0.84× | 1.49× | ||
| Q3 25 | 0.56× | 0.70× | ||
| Q2 25 | 5.62× | 0.53× | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 0.12× | 2.36× | ||
| Q3 24 | 0.54× | 1.48× | ||
| Q2 24 | 5.97× | 1.00× | ||
| Q1 24 | 3.47× | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DT
| Subscription And Circulation | $493.4M | 96% |
| Services | $22.1M | 4% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
