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Side-by-side financial comparison of Dynatrace, Inc. (DT) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
Dynatrace, Inc. is the larger business by last-quarter revenue ($515.5M vs $430.0M, roughly 1.2× PEGASYSTEMS INC). Dynatrace, Inc. runs the higher net margin — 7.8% vs 7.6%, a 0.2% gap on every dollar of revenue. On growth, Dynatrace, Inc. posted the faster year-over-year revenue change (18.2% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $27.2M). Over the past eight quarters, Dynatrace, Inc.'s revenue compounded faster (16.3% CAGR vs 10.7%).
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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
DT vs PEGA — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $515.5M | $430.0M |
| Net Profit | $40.1M | $32.8M |
| Gross Margin | 81.4% | 75.2% |
| Operating Margin | 14.1% | 8.6% |
| Net Margin | 7.8% | 7.6% |
| Revenue YoY | 18.2% | -9.6% |
| Net Profit YoY | -88.9% | -61.6% |
| EPS (diluted) | $0.13 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $515.5M | $504.3M | ||
| Q3 25 | $493.8M | $381.4M | ||
| Q2 25 | $477.3M | $384.5M | ||
| Q1 25 | $445.2M | $475.6M | ||
| Q4 24 | $436.2M | $490.8M | ||
| Q3 24 | $418.1M | $325.1M | ||
| Q2 24 | $399.2M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $40.1M | $234.6M | ||
| Q3 25 | $57.2M | $43.4M | ||
| Q2 25 | $48.0M | $30.1M | ||
| Q1 25 | $39.3M | $85.4M | ||
| Q4 24 | $361.8M | $119.1M | ||
| Q3 24 | $44.0M | $-14.4M | ||
| Q2 24 | $38.6M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 81.4% | 79.5% | ||
| Q3 25 | 81.8% | 72.2% | ||
| Q2 25 | 82.1% | 71.5% | ||
| Q1 25 | 80.9% | 78.5% | ||
| Q4 24 | 81.1% | 79.1% | ||
| Q3 24 | 81.4% | 70.2% | ||
| Q2 24 | 81.3% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 14.1% | 20.7% | ||
| Q3 25 | 14.8% | 3.8% | ||
| Q2 25 | 13.1% | 4.5% | ||
| Q1 25 | 9.6% | 26.7% | ||
| Q4 24 | 10.9% | 29.1% | ||
| Q3 24 | 11.2% | -3.6% | ||
| Q2 24 | 10.5% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 7.8% | 46.5% | ||
| Q3 25 | 11.6% | 11.4% | ||
| Q2 25 | 10.0% | 7.8% | ||
| Q1 25 | 8.8% | 18.0% | ||
| Q4 24 | 82.9% | 24.3% | ||
| Q3 24 | 10.5% | -4.4% | ||
| Q2 24 | 9.7% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.13 | $0.81 | ||
| Q3 25 | $0.19 | $0.24 | ||
| Q2 25 | $0.16 | $0.17 | ||
| Q1 25 | $0.12 | $0.91 | ||
| Q4 24 | $1.19 | $1.35 | ||
| Q3 24 | $0.15 | $-0.17 | ||
| Q2 24 | $0.13 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $705.9M |
| Total Assets | $4.1B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $1.2B | $425.8M | ||
| Q3 25 | $1.3B | $351.4M | ||
| Q2 25 | $1.3B | $411.6M | ||
| Q1 25 | $1.1B | $371.7M | ||
| Q4 24 | $1.0B | $740.0M | ||
| Q3 24 | $1.0B | $703.0M | ||
| Q2 24 | $1.0B | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $2.7B | $787.4M | ||
| Q3 25 | $2.8B | $596.8M | ||
| Q2 25 | $2.7B | $624.5M | ||
| Q1 25 | $2.6B | $611.3M | ||
| Q4 24 | $2.6B | $585.5M | ||
| Q3 24 | $2.1B | $473.0M | ||
| Q2 24 | $2.1B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $4.1B | $1.6B | ||
| Q3 25 | $4.1B | $1.3B | ||
| Q2 25 | $4.1B | $1.3B | ||
| Q1 25 | $4.1B | $1.3B | ||
| Q4 24 | $3.7B | $1.8B | ||
| Q3 24 | $3.3B | $1.6B | ||
| Q2 24 | $3.3B | $1.5B |
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 | — |
| Free Cash FlowOCF − Capex | $27.2M | $206.5M |
| FCF MarginFCF / Revenue | 5.3% | 48.0% |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 0.84× | — |
| TTM Free Cash FlowTrailing 4 quarters | $465.5M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $33.8M | $158.4M | ||
| Q3 25 | $32.0M | $56.3M | ||
| Q2 25 | $269.7M | $86.3M | ||
| Q1 25 | $162.8M | $204.2M | ||
| Q4 24 | $42.2M | $95.2M | ||
| Q3 24 | $23.6M | $30.5M | ||
| Q2 24 | $230.7M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $27.2M | $152.4M | ||
| Q3 25 | $27.8M | $51.8M | ||
| Q2 25 | $262.2M | $84.1M | ||
| Q1 25 | $148.2M | $202.3M | ||
| Q4 24 | $37.6M | $92.4M | ||
| Q3 24 | $20.1M | $27.4M | ||
| Q2 24 | $227.4M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 5.3% | 30.2% | ||
| Q3 25 | 5.6% | 13.6% | ||
| Q2 25 | 54.9% | 21.9% | ||
| Q1 25 | 33.3% | 42.5% | ||
| Q4 24 | 8.6% | 18.8% | ||
| Q3 24 | 4.8% | 8.4% | ||
| Q2 24 | 57.0% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 1.2% | ||
| Q3 25 | 0.8% | 1.2% | ||
| Q2 25 | 1.6% | 0.6% | ||
| Q1 25 | 3.3% | 0.4% | ||
| Q4 24 | 1.1% | 0.6% | ||
| Q3 24 | 0.8% | 0.9% | ||
| Q2 24 | 0.8% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.84× | 0.68× | ||
| Q3 25 | 0.56× | 1.30× | ||
| Q2 25 | 5.62× | 2.87× | ||
| Q1 25 | 4.14× | 2.39× | ||
| Q4 24 | 0.12× | 0.80× | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 5.97× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
