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Side-by-side financial comparison of Dynatrace, Inc. (DT) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

Western Midstream Partners, LP is the larger business by last-quarter revenue ($1.0B vs $515.5M, roughly 2.0× Dynatrace, Inc.). Western Midstream Partners, LP runs the higher net margin — 18.5% vs 7.8%, a 10.7% gap on every dollar of revenue. On growth, Dynatrace, Inc. posted the faster year-over-year revenue change (18.2% vs 11.0%). Western Midstream Partners, LP produced more free cash flow last quarter ($335.4M vs $27.2M). Over the past eight quarters, Dynatrace, Inc.'s revenue compounded faster (16.3% CAGR vs 7.8%).

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.

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

DT vs WES — Head-to-Head

Bigger by revenue
WES
WES
2.0× larger
WES
$1.0B
$515.5M
DT
Growing faster (revenue YoY)
DT
DT
+7.2% gap
DT
18.2%
11.0%
WES
Higher net margin
WES
WES
10.7% more per $
WES
18.5%
7.8%
DT
More free cash flow
WES
WES
$308.2M more FCF
WES
$335.4M
$27.2M
DT
Faster 2-yr revenue CAGR
DT
DT
Annualised
DT
16.3%
7.8%
WES

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
DT
DT
WES
WES
Revenue
$515.5M
$1.0B
Net Profit
$40.1M
$190.7M
Gross Margin
81.4%
Operating Margin
14.1%
29.7%
Net Margin
7.8%
18.5%
Revenue YoY
18.2%
11.0%
Net Profit YoY
-88.9%
-42.8%
EPS (diluted)
$0.13

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
WES
WES
Q4 25
$515.5M
$1.0B
Q3 25
$493.8M
$952.3M
Q2 25
$477.3M
$942.1M
Q1 25
$445.2M
$916.9M
Q4 24
$436.2M
$928.4M
Q3 24
$418.1M
$883.1M
Q2 24
$399.2M
$905.4M
Q1 24
$380.8M
$887.3M
Net Profit
DT
DT
WES
WES
Q4 25
$40.1M
$190.7M
Q3 25
$57.2M
$339.6M
Q2 25
$48.0M
$341.7M
Q1 25
$39.3M
$309.0M
Q4 24
$361.8M
$333.6M
Q3 24
$44.0M
$288.5M
Q2 24
$38.6M
$378.6M
Q1 24
$37.9M
$572.8M
Gross Margin
DT
DT
WES
WES
Q4 25
81.4%
Q3 25
81.8%
Q2 25
82.1%
Q1 25
80.9%
Q4 24
81.1%
Q3 24
81.4%
Q2 24
81.3%
Q1 24
81.1%
Operating Margin
DT
DT
WES
WES
Q4 25
14.1%
29.7%
Q3 25
14.8%
46.4%
Q2 25
13.1%
47.2%
Q1 25
9.6%
44.7%
Q4 24
10.9%
45.9%
Q3 24
11.2%
44.8%
Q2 24
10.5%
51.9%
Q1 24
6.1%
76.6%
Net Margin
DT
DT
WES
WES
Q4 25
7.8%
18.5%
Q3 25
11.6%
35.7%
Q2 25
10.0%
36.3%
Q1 25
8.8%
33.7%
Q4 24
82.9%
35.9%
Q3 24
10.5%
32.7%
Q2 24
9.7%
41.8%
Q1 24
10.0%
64.6%
EPS (diluted)
DT
DT
WES
WES
Q4 25
$0.13
Q3 25
$0.19
Q2 25
$0.16
Q1 25
$0.12
Q4 24
$1.19
Q3 24
$0.15
Q2 24
$0.13
Q1 24
$0.13

Balance Sheet & Financial Strength

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

Metric
DT
DT
WES
WES
Cash + ST InvestmentsLiquidity on hand
$1.2B
$819.5M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$2.7B
Total Assets
$4.1B
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DT
DT
WES
WES
Q4 25
$1.2B
$819.5M
Q3 25
$1.3B
$177.3M
Q2 25
$1.3B
$129.7M
Q1 25
$1.1B
$448.4M
Q4 24
$1.0B
$1.1B
Q3 24
$1.0B
$1.1B
Q2 24
$1.0B
$344.1M
Q1 24
$836.9M
$295.2M
Total Debt
DT
DT
WES
WES
Q4 25
$8.2B
Q3 25
$6.9B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.9B
Q2 24
$7.1B
Q1 24
$7.3B
Stockholders' Equity
DT
DT
WES
WES
Q4 25
$2.7B
Q3 25
$2.8B
Q2 25
$2.7B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.0B
Total Assets
DT
DT
WES
WES
Q4 25
$4.1B
$15.0B
Q3 25
$4.1B
$12.1B
Q2 25
$4.1B
$12.2B
Q1 25
$4.1B
$12.5B
Q4 24
$3.7B
$13.1B
Q3 24
$3.3B
$13.0B
Q2 24
$3.3B
$12.2B
Q1 24
$3.4B
$12.3B

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
WES
WES
Operating Cash FlowLast quarter
$33.8M
$557.6M
Free Cash FlowOCF − Capex
$27.2M
$335.4M
FCF MarginFCF / Revenue
5.3%
32.6%
Capex IntensityCapex / Revenue
1.3%
21.6%
Cash ConversionOCF / Net Profit
0.84×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$465.5M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DT
DT
WES
WES
Q4 25
$33.8M
$557.6M
Q3 25
$32.0M
$570.2M
Q2 25
$269.7M
$564.0M
Q1 25
$162.8M
$530.8M
Q4 24
$42.2M
$554.4M
Q3 24
$23.6M
$551.3M
Q2 24
$230.7M
$631.4M
Q1 24
$131.7M
$399.7M
Free Cash Flow
DT
DT
WES
WES
Q4 25
$27.2M
$335.4M
Q3 25
$27.8M
$385.5M
Q2 25
$262.2M
$385.4M
Q1 25
$148.2M
$388.4M
Q4 24
$37.6M
$315.7M
Q3 24
$20.1M
$361.9M
Q2 24
$227.4M
$419.6M
Q1 24
$121.9M
$205.9M
FCF Margin
DT
DT
WES
WES
Q4 25
5.3%
32.6%
Q3 25
5.6%
40.5%
Q2 25
54.9%
40.9%
Q1 25
33.3%
42.4%
Q4 24
8.6%
34.0%
Q3 24
4.8%
41.0%
Q2 24
57.0%
46.3%
Q1 24
32.0%
23.2%
Capex Intensity
DT
DT
WES
WES
Q4 25
1.3%
21.6%
Q3 25
0.8%
19.4%
Q2 25
1.6%
19.0%
Q1 25
3.3%
15.5%
Q4 24
1.1%
25.7%
Q3 24
0.8%
21.5%
Q2 24
0.8%
23.4%
Q1 24
2.6%
21.8%
Cash Conversion
DT
DT
WES
WES
Q4 25
0.84×
2.92×
Q3 25
0.56×
1.68×
Q2 25
5.62×
1.65×
Q1 25
4.14×
1.72×
Q4 24
0.12×
1.66×
Q3 24
0.54×
1.91×
Q2 24
5.97×
1.67×
Q1 24
3.47×
0.70×

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%

WES
WES

Segment breakdown not available.

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