CRCL vs. DT: Circle Internet vs. Dynatrace Stock Comparison

November 11, 2026

How do Circle Internet (CRCL) and Dynatrace (DT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Circle Internet (CRCL) and Dynatrace (DT) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

Dynatrace (DT) has been public since August 1, 2019, giving it a longer listed trading history, while Circle Internet (CRCL) listed on June 5, 2025 and still has a shorter public-market record.

Company profile comparison for Circle Internet (CRCL) and Dynatrace (DT)
Profile Item	CRCL	DT
Name	Circle Internet Group, Inc. Class A	Dynatrace Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	Software
GICS Sub-Industry	Application Software	Application Software
Market Capitalization	17.41 billion USD	12.46 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 5, 2025	August 1, 2019
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRCL

GSPC

Circle Internet (CRCL) vs. Dynatrace (DT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Circle Internet (CRCL) and Dynatrace (DT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Circle Internet (CRCL) and Dynatrace (DT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Circle Internet (CRCL) and Dynatrace (DT)
Metric	CRCL	DT
Total Return (1Y)	-33.88%	-6.35%
Total Return (3Y, Annualized)	--	-3.59%
Total Return (5Y, Annualized)	--	-10.27%

Risk Profile

Drawdown History

CRCL

GSPC

Circle Internet (CRCL) vs. Dynatrace (DT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Circle Internet (CRCL) and Dynatrace (DT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Circle Internet (CRCL) and Dynatrace (DT)
Metric	CRCL	DT
Volatility (1Y, Annualized)	96.01%	45.85%
Beta (5Y)	0.84	0.80
Max Drawdown (5Y)	-80.93%	-60.40%
Avg. Volume (3M)	12.74M	7.54M

Risk-Adjusted Performance

Risk-Return Positioning

CRCL and DT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Circle Internet (CRCL) and Dynatrace (DT)
Metric	CRCL	DT
Sharpe Ratio (1Y)	-0.40	-0.23
Sortino Ratio (1Y)	-0.61	-0.31

Profitability

ROE (TTM)

Both Circle Internet (CRCL) at 13.44% and Dynatrace (DT) at 6.41% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

CRCL

Software & Services industry group

13.44%

Max: 53.85%
Q3: 17.90%
CRCL: 13.44%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

DT

Software & Services industry group

6.41%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
DT: 6.41%
Q1: -9.59%
Min: -50.52%

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Both Circle Internet (CRCL) at 15.28% and Dynatrace (DT) at 7.42% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CRCL

Software & Services industry group

15.28%

Max: 41.17%
CRCL: 15.28%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

DT

Software & Services industry group

7.42%

Max: 41.17%
Q3: 15.28%
DT: 7.42%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Circle Internet (CRCL) at 24.09% operates in the top operating margin quartile, ahead of Dynatrace (DT) at 16.49%, which runs around its industry’s norm.

CRCL

Software & Services industry group

24.09%

Max: 46.89%
CRCL: 24.09%
Q3: 17.64%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

DT

Software & Services industry group

16.49%

Max: 46.89%
Q3: 17.64%
DT: 16.49%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Circle Internet (CRCL) and Dynatrace (DT)
Metric	CRCL	DT
ROE (TTM)	13.44%	6.41%
ROA (TTM)	0.28%	3.95%
Net Margin (TTM)	15.28%	7.42%
Operating Margin (TTM)	24.09%	16.49%
Gross Margin (TTM)	26.58%	81.34%

Growth

Revenue Growth

Circle Internet (CRCL) at 63.86% clears its industry range for revenue growth, far stronger top-line momentum than Dynatrace (DT) at 18.82%, which is closer to a typical peer reading.

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Neither side shows strong earnings momentum: Dynatrace (DT) at -66.04% sits in the bottom EPS growth quartile, and Circle Internet (CRCL) at -640.54% is weaker still, below its industry range.

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Circle Internet (CRCL) and Dynatrace (DT)
Metric	CRCL	DT
Revenue Growth (YoY)	63.86%	18.82%
Revenue Growth (3Y CAGR)	52.66%	20.33%
EPS Growth (YoY)	-640.54%	-66.04%
EPS Growth (3Y CAGR)	--	13.43%

Financial Strength

Current Ratio (MRQ)

Both Circle Internet (CRCL) at 1.04 and Dynatrace (DT) at 2.09 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CRCL

Software & Services industry group

1.04

Max: 5.11
Q3: 2.77
Median: 1.67
CRCL: 1.04
Q1: 1.01
Min: 0.03

DT

Software & Services industry group

2.09

Max: 5.11
Q3: 2.77
DT: 2.09
Median: 1.67
Q1: 1.01
Min: 0.03

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Circle Internet (CRCL) at 0.00 keeps leverage in the lower industry quartile, while Dynatrace (DT) at 0.69 runs a more typical debt-to-equity mix.

CRCL

Software & Services industry group

0.00

Max: 2.52
Q3: 1.13
Median: 0.40
Q1: 0.07
CRCL: 0.00
Min: 0.00

DT

Software & Services industry group

0.69

Max: 2.52
Q3: 1.13
DT: 0.69
Median: 0.40
Q1: 0.07
Min: 0.00

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Circle Internet (CRCL) and Dynatrace (DT)
Metric	CRCL	DT
Current Ratio (MRQ)	1.04	2.09
Debt / Equity (MRQ)	0.00	0.69
Net Debt / EBITDA	-4.68	-1.80

Dividends

Dividend Yield (TTM)

Neither Circle Internet (CRCL) nor Dynatrace (DT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CRCL

Software & Services industry group

0.00%

CRCL: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DT

Software & Services industry group

0.00%

DT: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Circle Internet (CRCL) nor Dynatrace (DT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CRCL

Software & Services industry group

0.00%

CRCL: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DT

Software & Services industry group

0.00%

DT: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Circle Internet (CRCL) and Dynatrace (DT)
Metric	CRCL	DT
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Circle Internet (CRCL) at 40.89 is near its industry’s usual P/E ratio, while Dynatrace (DT) at 80.44 sits in the richer quartile — DT needs stronger growth or earnings quality to justify the premium.

CRCL

Software & Services industry group

40.89

Max: 112.94
Q3: 60.32
CRCL: 40.89
Median: 32.91
Q1: 18.77
Min: 6.69

DT

Software & Services industry group

80.44

Max: 112.94
DT: 80.44
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Circle Internet (CRCL) at 5.75 and Dynatrace (DT) at 5.71 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CRCL

Software & Services industry group

5.75

Max: 17.91
Q3: 8.78
CRCL: 5.75
Median: 4.25
Q1: 2.23
Min: 0.02

DT

Software & Services industry group

5.71

Max: 17.91
Q3: 8.78
DT: 5.71
Median: 4.25
Q1: 2.23
Min: 0.02

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Circle Internet (CRCL) at 4.50 and Dynatrace (DT) at 5.47 are valued close to their industries’ norm against book — neither stands out from peers.

CRCL

Software & Services industry group

4.50

Max: 16.63
Q3: 8.50
CRCL: 4.50
Median: 4.30
Q1: 1.92
Min: -3.90

DT

Software & Services industry group

5.47

Max: 16.63
Q3: 8.50
DT: 5.47
Median: 4.30
Q1: 1.92
Min: -3.90

Circle Internet (CRCL) vs. Dynatrace (DT): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Circle Internet (CRCL) and Dynatrace (DT)
Metric	CRCL	DT
P/E Ratio (TTM)	40.89	80.44
P/S Ratio (TTM)	5.75	5.71
P/B Ratio (MRQ)	4.50	5.47
Free Cash Flow Yield (TTM)	1.43%	4.09%