Datadog, Inc. vs Dynatrace, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q2 2026
Summary Verdict
DDOG: 2—DT: 3wins
Rule of 40
66.8DDOG
65.0DT
check_circleDDOG leads
Revenue Growth
43.1%DDOG
20.2%DT
check_circleDDOG leads
Gross Margin
79%DDOG
82%DT
check_circleDT leads
FCF Margin
23.7%DDOG
44.9%DT
check_circleDT leads
Operating Margin
-0.7%DDOG
13.7%DT
check_circleDT leads
NRR
—DDOG
—DT
Metric
Rule of 40Efficiency score
DDOG
66.8check_circle
DT
65.0
Revenue GrowthYoY
DDOG
43.1%check_circle
DT
20.2%
Gross Margin% of revenue
DDOG
79%
DT
82%check_circle
FCF MarginFree cash flow
DDOG
23.7%
DT
44.9%check_circle
Operating MarginGAAP
DDOG
-0.7%
DT
13.7%check_circle
NRRNet retention
DDOG
N/A
DT
N/A
EV / RevenueValuation multiple
DDOG
19.4x
DT
7.1xcheck_circle
Market CapUSD
DDOG
$75.8Bcheck_circle
DT
$15.1B
ARR GrowthYoY
DDOG
N/A
DT
N/A
CAC PaybackMonths to recover
DDOG
N/A
DT
N/A
insights
Analysis
As of Q2 2026, Datadog, Inc. trades at 19.4x EV/Revenue versus Dynatrace, Inc. at 7.1x. On the Rule of 40, Datadog, Inc. scores 66.8 compared to Dynatrace, Inc.'s 65.0, placing Datadog, Inc. ahead in operating efficiency. Gross margins stand at Datadog, Inc. 79% vs Dynatrace, Inc. 82%.
Sector Context
Both companies operate in the DevTools & Observability sector. The median columns above show where each company stands relative to their peers.