DT vs. FTNT: Dynatrace vs. Fortinet Stock Comparison

November 11, 2026

How do Dynatrace (DT) and Fortinet (FTNT) 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

Dynatrace (DT) and Fortinet (FTNT) both belong to the Software industry, though DT is classified under Application Software while FTNT falls under Systems Software.

Company profile comparison for Dynatrace (DT) and Fortinet (FTNT)
Profile Item	DT	FTNT
Name	Dynatrace Inc.	Fortinet, 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	Systems Software
Market Capitalization	12.46 billion USD	87.31 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	August 1, 2019	November 18, 2009
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FTNT

GSPC

Dynatrace (DT) vs. Fortinet (FTNT), 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 Dynatrace (DT) and Fortinet (FTNT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Dynatrace (DT) and Fortinet (FTNT)
Metric	DT	FTNT
Total Return (1Y)	-6.35%	49.91%
Total Return (3Y, Annualized)	-3.59%	35.15%
Total Return (5Y, Annualized)	-10.27%	11.92%

Risk Profile

Drawdown History

FTNT

GSPC

Dynatrace (DT) vs. Fortinet (FTNT), 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 Dynatrace (DT) and Fortinet (FTNT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Dynatrace (DT) and Fortinet (FTNT)
Metric	DT	FTNT
Volatility (1Y, Annualized)	45.85%	49.03%
Beta (5Y)	0.80	1.07
Max Drawdown (5Y)	-60.40%	-38.98%
Avg. Volume (3M)	7.54M	4.68M

Risk-Adjusted Performance

Risk-Return Positioning

DT and FTNT 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 Dynatrace (DT) and Fortinet (FTNT)
Metric	DT	FTNT
Sharpe Ratio (1Y)	-0.23	0.93
Sortino Ratio (1Y)	-0.31	1.37

Profitability

ROE (TTM)

Fortinet (FTNT) at 153.08% clears its industry range for ROE, a sharper capital-efficiency signal than Dynatrace (DT) at 6.41%, which is closer to a typical peer reading.

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%

FTNT

Software & Services industry group

153.08%

FTNT: 153.08%
Max: 53.85%
Q3: 17.90%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

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

Net Margin (TTM)

Fortinet (FTNT) at 28.96% retains a top-quartile share of revenue as profit, ahead of Dynatrace (DT) at 7.42%, which keeps about the industry-typical share.

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%

FTNT

Software & Services industry group

28.96%

Max: 41.17%
FTNT: 28.96%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

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

Operating Margin (TTM)

Fortinet (FTNT) at 33.82% operates in the top operating margin quartile, ahead of Dynatrace (DT) at 16.49%, which runs around its industry’s norm.

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%

FTNT

Software & Services industry group

33.82%

Max: 46.89%
FTNT: 33.82%
Q3: 17.64%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

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

Profitability Metrics

Profitability metrics for Dynatrace (DT) and Fortinet (FTNT)
Metric	DT	FTNT
ROE (TTM)	6.41%	153.08%
ROA (TTM)	3.95%	15.22%
Net Margin (TTM)	7.42%	28.96%
Operating Margin (TTM)	16.49%	33.82%
Gross Margin (TTM)	81.34%	79.75%

Growth

Revenue Growth

Both Dynatrace (DT) at 18.82% and Fortinet (FTNT) at 14.17% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Dynatrace (DT) vs. Fortinet (FTNT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Fortinet (FTNT) at 7.08% is around its peer norm for EPS growth, while Dynatrace (DT) at -66.04% drops into the bottom quartile, signaling weaker earnings momentum.

Dynatrace (DT) vs. Fortinet (FTNT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Dynatrace (DT) and Fortinet (FTNT)
Metric	DT	FTNT
Revenue Growth (YoY)	18.82%	14.17%
Revenue Growth (3Y CAGR)	20.33%	15.46%
EPS Growth (YoY)	-66.04%	7.08%
EPS Growth (3Y CAGR)	13.43%	31.68%

Financial Strength

Current Ratio (MRQ)

Both Dynatrace (DT) at 2.09 and Fortinet (FTNT) at 1.40 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

FTNT

Software & Services industry group

1.40

Max: 5.11
Q3: 2.77
Median: 1.67
FTNT: 1.40
Q1: 1.01
Min: 0.03

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

Debt / Equity (MRQ)

Both Dynatrace (DT) at 0.69 and Fortinet (FTNT) at 0.25 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

FTNT

Software & Services industry group

0.25

Max: 2.52
Q3: 1.13
Median: 0.40
FTNT: 0.25
Q1: 0.07
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Dynatrace (DT) and Fortinet (FTNT)
Metric	DT	FTNT
Current Ratio (MRQ)	2.09	1.40
Debt / Equity (MRQ)	0.69	0.25
Net Debt / EBITDA	-1.80	-1.54

Dividends

Dividend Yield (TTM)

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

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%

FTNT

Software & Services industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

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

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%

FTNT

Software & Services industry group

0.00%

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

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

Dividend Metrics

Dividend metrics for Dynatrace (DT) and Fortinet (FTNT)
Metric	DT	FTNT
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Fortinet (FTNT) at 38.84 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.

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

FTNT

Software & Services industry group

38.84

Max: 112.94
Q3: 60.32
FTNT: 38.84
Median: 32.91
Q1: 18.77
Min: 6.69

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

P/S Ratio (TTM)

Dynatrace (DT) at 5.71 is priced about in line with its industry on P/S ratio, while Fortinet (FTNT) at 11.08 sits in the pricier quartile — FTNT costs more per dollar of sales.

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

FTNT

Software & Services industry group

11.08

Max: 17.91
FTNT: 11.08
Q3: 8.78
Median: 4.25
Q1: 2.23
Min: 0.02

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

P/B Ratio (MRQ)

Dynatrace (DT) at 5.47 sits near its industry’s typical P/B ratio, while Fortinet (FTNT) at 38.85 prices above its benchmark range — FTNT looks rich relative to book.

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

FTNT

Software & Services industry group

38.85

FTNT: 38.85
Max: 16.63
Q3: 8.50
Median: 4.30
Q1: 1.92
Min: -3.90

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

Valuation Metrics

Valuation metrics for Dynatrace (DT) and Fortinet (FTNT)
Metric	DT	FTNT
P/E Ratio (TTM)	80.44	38.84
P/S Ratio (TTM)	5.71	11.08
P/B Ratio (MRQ)	5.47	38.85
Free Cash Flow Yield (TTM)	4.09%	2.85%