DT vs. NOW: Dynatrace vs. ServiceNow Stock Comparison

November 11, 2026

How do Dynatrace (DT) and ServiceNow (NOW) 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 ServiceNow (NOW) both belong to the Software industry, though DT is classified under Application Software while NOW falls under Systems Software.

Company profile comparison for Dynatrace (DT) and ServiceNow (NOW)
Profile Item	DT	NOW
Name	Dynatrace Inc.	ServiceNow 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	105.84 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 1, 2019	June 29, 2012
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NOW

GSPC

Dynatrace (DT) vs. ServiceNow (NOW), 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 ServiceNow (NOW). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Dynatrace (DT) and ServiceNow (NOW)
Metric	DT	NOW
Total Return (1Y)	-6.35%	-39.72%
Total Return (3Y, Annualized)	-3.59%	-5.71%
Total Return (5Y, Annualized)	-10.27%	-5.55%

Risk Profile

Drawdown History

NOW

GSPC

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

Risk Metrics

Risk profile metrics for Dynatrace (DT) and ServiceNow (NOW)
Metric	DT	NOW
Volatility (1Y, Annualized)	45.85%	64.49%
Beta (5Y)	0.80	0.98
Max Drawdown (5Y)	-60.40%	-64.54%
Avg. Volume (3M)	7.54M	15.74M

Risk-Adjusted Performance

Risk-Return Positioning

DT and NOW 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 ServiceNow (NOW)
Metric	DT	NOW
Sharpe Ratio (1Y)	-0.23	-0.68
Sortino Ratio (1Y)	-0.31	-0.89

Profitability

ROE (TTM)

Both Dynatrace (DT) at 6.41% and ServiceNow (NOW) at 11.85% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

NOW

Software & Services industry group

11.85%

Max: 53.85%
Q3: 17.90%
NOW: 11.85%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

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

Net Margin (TTM)

Both Dynatrace (DT) at 7.42% and ServiceNow (NOW) at 9.36% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

NOW

Software & Services industry group

9.36%

Max: 41.17%
Q3: 15.28%
NOW: 9.36%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

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

Operating Margin (TTM)

Both Dynatrace (DT) at 16.49% and ServiceNow (NOW) at 17.39% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

NOW

Software & Services industry group

17.39%

Max: 46.89%
Q3: 17.64%
NOW: 17.39%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

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

Profitability Metrics

Profitability metrics for Dynatrace (DT) and ServiceNow (NOW)
Metric	DT	NOW
ROE (TTM)	6.41%	11.85%
ROA (TTM)	3.95%	4.59%
Net Margin (TTM)	7.42%	9.36%
Operating Margin (TTM)	16.49%	17.39%
Gross Margin (TTM)	81.34%	73.08%

Growth

Revenue Growth

Both Dynatrace (DT) at 18.82% and ServiceNow (NOW) at 20.88% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

ServiceNow (NOW) at 22.08% 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. ServiceNow (NOW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Dynatrace (DT) and ServiceNow (NOW)
Metric	DT	NOW
Revenue Growth (YoY)	18.82%	20.88%
Revenue Growth (3Y CAGR)	20.33%	22.38%
EPS Growth (YoY)	-66.04%	22.08%
EPS Growth (3Y CAGR)	13.43%	73.46%

Financial Strength

Current Ratio (MRQ)

Dynatrace (DT) at 2.09 keeps current ratio within its industry’s typical mid-range, while ServiceNow (NOW) at 0.72 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NOW.

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

NOW

Software & Services industry group

0.72

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
NOW: 0.72
Min: 0.03

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

Debt / Equity (MRQ)

Both Dynatrace (DT) at 0.69 and ServiceNow (NOW) at 0.64 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

NOW

Software & Services industry group

0.64

Max: 2.52
Q3: 1.13
NOW: 0.64
Median: 0.40
Q1: 0.07
Min: 0.00

Dynatrace (DT) vs. ServiceNow (NOW): 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 ServiceNow (NOW)
Metric	DT	NOW
Current Ratio (MRQ)	2.09	0.72
Debt / Equity (MRQ)	0.69	0.64
Net Debt / EBITDA	-1.80	1.18

Dividends

Dividend Yield (TTM)

Neither Dynatrace (DT) nor ServiceNow (NOW) 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%

NOW

Software & Services industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

Neither Dynatrace (DT) nor ServiceNow (NOW) 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%

NOW

Software & Services industry group

0.00%

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

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

Dividend Metrics

Dividend metrics for Dynatrace (DT) and ServiceNow (NOW)
Metric	DT	NOW
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Both Dynatrace (DT) at 80.44 and ServiceNow (NOW) at 73.36 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

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

NOW

Software & Services industry group

73.36

Max: 112.94
NOW: 73.36
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69

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

P/S Ratio (TTM)

On P/S ratio, both Dynatrace (DT) at 5.71 and ServiceNow (NOW) at 6.86 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

NOW

Software & Services industry group

6.86

Max: 17.91
Q3: 8.78
NOW: 6.86
Median: 4.25
Q1: 2.23
Min: 0.02

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

P/B Ratio (MRQ)

On P/B ratio, both Dynatrace (DT) at 5.47 and ServiceNow (NOW) at 8.08 are valued close to their industries’ norm against book — neither stands out from peers.

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

NOW

Software & Services industry group

8.08

Max: 16.63
Q3: 8.50
NOW: 8.08
Median: 4.30
Q1: 1.92
Min: -3.90

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

Valuation Metrics

Valuation metrics for Dynatrace (DT) and ServiceNow (NOW)
Metric	DT	NOW
P/E Ratio (TTM)	80.44	73.36
P/S Ratio (TTM)	5.71	6.86
P/B Ratio (MRQ)	5.47	8.08
Free Cash Flow Yield (TTM)	4.09%	5.44%