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Side-by-side financial comparison of Dynatrace, Inc. (DT) and Freedom Holding Corp. (FRHC). Click either name above to swap in a different company.

Freedom Holding Corp. is the larger business by last-quarter revenue ($628.6M vs $515.5M, roughly 1.2× Dynatrace, Inc.). Freedom Holding Corp. runs the higher net margin — 12.1% vs 7.8%, a 4.4% gap on every dollar of revenue. On growth, Dynatrace, Inc. posted the faster year-over-year revenue change (18.2% vs -4.1%). Freedom Holding Corp. produced more free cash flow last quarter ($651.7M vs $27.2M). Over the past eight quarters, Dynatrace, Inc.'s revenue compounded faster (16.3% CAGR vs 16.3%).

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.

Freedom Holding Corp. is an investment conglomerate registered in Nevada, USA. The company provides a range of services in retail financial securities brokerage and trading, asset management, capital markets, investment research and counseling, investment banking and underwriting services, mortgages, insurance, banking and other consumer services. Its main area of focus is in the American stock market, as well as the markets of Europe and Central Asia, mainly Kazakhstan.

DT vs FRHC — Head-to-Head

Bigger by revenue
FRHC
FRHC
1.2× larger
FRHC
$628.6M
$515.5M
DT
Growing faster (revenue YoY)
DT
DT
+22.2% gap
DT
18.2%
-4.1%
FRHC
Higher net margin
FRHC
FRHC
4.4% more per $
FRHC
12.1%
7.8%
DT
More free cash flow
FRHC
FRHC
$624.5M more FCF
FRHC
$651.7M
$27.2M
DT
Faster 2-yr revenue CAGR
DT
DT
Annualised
DT
16.3%
16.3%
FRHC

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
DT
DT
FRHC
FRHC
Revenue
$515.5M
$628.6M
Net Profit
$40.1M
$76.2M
Gross Margin
81.4%
96.0%
Operating Margin
14.1%
14.9%
Net Margin
7.8%
12.1%
Revenue YoY
18.2%
-4.1%
Net Profit YoY
-88.9%
-2.6%
EPS (diluted)
$0.13
$1.25

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.

Revenue
DT
DT
FRHC
FRHC
Q4 25
$515.5M
$628.6M
Q3 25
$493.8M
$526.1M
Q2 25
$477.3M
$533.4M
Q1 25
$445.2M
$363.7M
Q4 24
$436.2M
$655.2M
Q3 24
$418.1M
$580.9M
Q2 24
$399.2M
$450.7M
Q1 24
$380.8M
$464.7M
Net Profit
DT
DT
FRHC
FRHC
Q4 25
$40.1M
$76.2M
Q3 25
$57.2M
$38.7M
Q2 25
$48.0M
$30.4M
Q1 25
$39.3M
$-142.7M
Q4 24
$361.8M
$78.3M
Q3 24
$44.0M
$114.7M
Q2 24
$38.6M
$34.4M
Q1 24
$37.9M
$95.2M
Gross Margin
DT
DT
FRHC
FRHC
Q4 25
81.4%
96.0%
Q3 25
81.8%
97.1%
Q2 25
82.1%
97.4%
Q1 25
80.9%
96.6%
Q4 24
81.1%
98.6%
Q3 24
81.4%
99.1%
Q2 24
81.3%
99.0%
Q1 24
81.1%
Operating Margin
DT
DT
FRHC
FRHC
Q4 25
14.1%
14.9%
Q3 25
14.8%
11.5%
Q2 25
13.1%
7.6%
Q1 25
9.6%
-42.7%
Q4 24
10.9%
15.0%
Q3 24
11.2%
22.1%
Q2 24
10.5%
9.2%
Q1 24
6.1%
22.5%
Net Margin
DT
DT
FRHC
FRHC
Q4 25
7.8%
12.1%
Q3 25
11.6%
7.4%
Q2 25
10.0%
5.7%
Q1 25
8.8%
-39.2%
Q4 24
82.9%
11.9%
Q3 24
10.5%
19.7%
Q2 24
9.7%
7.6%
Q1 24
10.0%
20.5%
EPS (diluted)
DT
DT
FRHC
FRHC
Q4 25
$0.13
$1.25
Q3 25
$0.19
$0.63
Q2 25
$0.16
$0.50
Q1 25
$0.12
$-2.35
Q4 24
$1.19
$1.29
Q3 24
$0.15
$1.89
Q2 24
$0.13
$0.57
Q1 24
$0.13
$1.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DT
DT
FRHC
FRHC
Cash + ST InvestmentsLiquidity on hand
$1.2B
$869.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$1.4B
Total Assets
$4.1B
$12.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DT
DT
FRHC
FRHC
Q4 25
$1.2B
$869.2M
Q3 25
$1.3B
$636.0M
Q2 25
$1.3B
$567.9M
Q1 25
$1.1B
$837.3M
Q4 24
$1.0B
$577.9M
Q3 24
$1.0B
$569.2M
Q2 24
$1.0B
$718.7M
Q1 24
$836.9M
$545.1M
Stockholders' Equity
DT
DT
FRHC
FRHC
Q4 25
$2.7B
$1.4B
Q3 25
$2.8B
$1.2B
Q2 25
$2.7B
$1.2B
Q1 25
$2.6B
$1.2B
Q4 24
$2.6B
$1.3B
Q3 24
$2.1B
$1.3B
Q2 24
$2.1B
$1.1B
Q1 24
$2.0B
$1.2B
Total Assets
DT
DT
FRHC
FRHC
Q4 25
$4.1B
$12.4B
Q3 25
$4.1B
$10.3B
Q2 25
$4.1B
$9.7B
Q1 25
$4.1B
$9.9B
Q4 24
$3.7B
$9.1B
Q3 24
$3.3B
$8.8B
Q2 24
$3.3B
$8.5B
Q1 24
$3.4B
$8.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DT
DT
FRHC
FRHC
Operating Cash FlowLast quarter
$33.8M
$717.8M
Free Cash FlowOCF − Capex
$27.2M
$651.7M
FCF MarginFCF / Revenue
5.3%
103.7%
Capex IntensityCapex / Revenue
1.3%
10.5%
Cash ConversionOCF / Net Profit
0.84×
9.42×
TTM Free Cash FlowTrailing 4 quarters
$465.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DT
DT
FRHC
FRHC
Q4 25
$33.8M
$717.8M
Q3 25
$32.0M
$535.3M
Q2 25
$269.7M
$480.8M
Q1 25
$162.8M
$1.3B
Q4 24
$42.2M
$-72.8M
Q3 24
$23.6M
$-438.0M
Q2 24
$230.7M
$854.1M
Q1 24
$131.7M
$309.0M
Free Cash Flow
DT
DT
FRHC
FRHC
Q4 25
$27.2M
$651.7M
Q3 25
$27.8M
$456.4M
Q2 25
$262.2M
$450.0M
Q1 25
$148.2M
Q4 24
$37.6M
$-92.7M
Q3 24
$20.1M
$-447.5M
Q2 24
$227.4M
$829.9M
Q1 24
$121.9M
FCF Margin
DT
DT
FRHC
FRHC
Q4 25
5.3%
103.7%
Q3 25
5.6%
86.7%
Q2 25
54.9%
84.4%
Q1 25
33.3%
Q4 24
8.6%
-14.1%
Q3 24
4.8%
-77.0%
Q2 24
57.0%
184.1%
Q1 24
32.0%
Capex Intensity
DT
DT
FRHC
FRHC
Q4 25
1.3%
10.5%
Q3 25
0.8%
15.0%
Q2 25
1.6%
5.8%
Q1 25
3.3%
Q4 24
1.1%
3.0%
Q3 24
0.8%
1.6%
Q2 24
0.8%
5.4%
Q1 24
2.6%
Cash Conversion
DT
DT
FRHC
FRHC
Q4 25
0.84×
9.42×
Q3 25
0.56×
13.82×
Q2 25
5.62×
15.82×
Q1 25
4.14×
Q4 24
0.12×
-0.93×
Q3 24
0.54×
-3.82×
Q2 24
5.97×
24.83×
Q1 24
3.47×
3.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DT
DT

Subscription And Circulation$493.4M96%
Services$22.1M4%

FRHC
FRHC

Segment breakdown not available.

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