The Descartes Systems Group Inc.(DSGX)Earnings, Financials & Key Ratios
DSGX•NASDAQ
$72.62
$6.25B mkt cap·38.0× P/E·Price updated May 6, 2026
AboutThe Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.Show more
- Revenue$745M+14.4%
- EBITDA$330M+28.7%
- Net Income$167M+16.8%
- EPS (Diluted)1.91+16.5%
- Gross Margin65.95%-12.8%
- EBITDA Margin44.24%+12.5%
- Operating Margin32.29%+16.1%
- Net Margin22.46%+2.1%
- ROE11.18%+2.3%
- ROIC14.91%+14.2%
- Debt/Equity0.01-13.4%
- Interest Coverage243.44+34.9%
DSGX Key Insights
The Descartes Systems Group Inc. (DSGX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong 5Y profit CAGR of 26.3%
- ✓Strong Piotroski F-Score: 7/9
- ✓FCF machine: 35.7% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 16.4%
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DSGX Price & Volume
The Descartes Systems Group Inc. (DSGX) stock price & volume — 10-year historical chart
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DSGX Growth Metrics
The Descartes Systems Group Inc. (DSGX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years14.95%
5 Years16.4%
3 Years15.3%
TTM12.23%
Profit CAGR
10 Years23.33%
5 Years26.29%
3 Years17.86%
TTM14.58%
EPS CAGR
10 Years21.61%
5 Years25.64%
3 Years17.41%
TTM13.33%
Return on Capital
10 Years9.97%
5 Years12.59%
3 Years13.6%
Last Year15.56%
DSGX Recent Earnings
The Descartes Systems Group Inc. (DSGX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (67%)●Beat Revenue 6/12 qtrs (67%)
Q2 2026Latest
Mar 11, 2026EPS
$0.52
Est $0.50
+4.0%
Revenue
$193M
Est $192M
+0.6%
Q4 2025
Dec 3, 2025EPS
$0.50
Est $0.46
+9.7%
Revenue
$186M
Est $188M
-1.2%
Q4 2025
Sep 3, 2025EPS
$0.43
Est $0.43
+0.7%
Revenue
$180M
Est $183M
-1.8%
Q3 2025
Jun 4, 2025EPS
$0.41
Est $0.45
-8.2%
Revenue
$169M
Est $179M
-5.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 11, 2026 | $0.52vs $0.50+4.0% | $193Mvs $192M+0.6% |
| Q4 2025 | Dec 3, 2025 | $0.50vs $0.46+9.7% | $186Mvs $188M-1.2% |
| Q4 2025 | Sep 3, 2025 | $0.43vs $0.43+0.7% | $180Mvs $183M-1.8% |
| Q3 2025 | Jun 4, 2025 | $0.41vs $0.45-8.2% | $169Mvs $179M-5.9% |
Based on last 12 quarters of dataView full earnings history →
DSGX Peer Comparison
The Descartes Systems Group Inc. (DSGX) competitors in Vertical industry SaaS applications — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SAIA | 11.26B | 422.31 | 44.36 | 0.79% | 7.84% | 10.04% | 0.24% | 0.16 |
 GTLS | 9.94B | 207.75 | 629.55 | 2.49% | 0.95% | 1.2% | 2.04% | 1.11 |
 PCTY | 5.8B | 107.68 | 26.79 | 13.74% | 14.19% | 21.69% | 5.91% | 0.18 |
 PRGS | 1.23B | 29.06 | 17.51 | 29.79% | 7.48% | 15.29% | 18.65% | 1.78 |
 EVTC | 1.82B | 28.38 | 12.84 | 1913.07% | 2.2% | 4.44% | 100% | 1.39 |
 NCNO | 2.13B | 17.96 | -54.42 | 13.45% | -3.71% | -2.07% | 2.51% | 0.22 |
 CEVA | 809.85M | 33.72 | -91.14 | 9.77% | -10.49% | -4.2% | 0.06% | 0.02 |
 TRMK | 2.64B | 44.76 | 12.10 | 34.75% | 20.01% | 10.77% | 8.8% | 0.53 |
Compare DSGX vs Peers
The Descartes Systems Group Inc. (DSGX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DSGX Income Statement
The Descartes Systems Group Inc. (DSGX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 237.44M | 275.17M | 325.79M | 348.66M | 424.69M | 486.01M | 572.93M | 651M | 744.99M |
| Revenue Growth % | 16.52% | 15.89% | 18.4% | 7.02% | 21.8% | 14.44% | 17.88% | 13.63% | 14.44% |
| Cost of Goods Sold | 63.7M | 74.99M | 85.72M | 89.91M | 101.81M | 113.33M | 138.29M | 158.57M | 253.7M |
| COGS % of Revenue | 26.83% | 27.25% | 26.31% | 25.79% | 23.97% | 23.32% | 24.14% | 24.36% | 34.05% |
| Gross Profit | 173.74M▲ 0% | 200.18M▲ 15.2% | 240.07M▲ 19.9% | 258.75M▲ 7.8% | 322.88M▲ 24.8% | 372.69M▲ 15.4% | 434.64M▲ 16.6% | 492.43M▲ 13.3% | 491.29M▼ 0.2% |
| Gross Margin % | 73.17% | 72.75% | 73.69% | 74.21% | 76.03% | 76.68% | 75.86% | 75.64% | 65.95% |
| Gross Profit Growth % | 17.6% | 15.22% | 19.93% | 7.78% | 24.78% | 15.43% | 16.62% | 13.3% | -0.23% |
| Operating Expenses | 137.85M | 158.73M | 187.81M | 187.36M | 219.45M | 242.25M | 291.79M | 311.3M | 250.72M |
| OpEx % of Revenue | 58.06% | 57.69% | 57.65% | 53.74% | 51.67% | 49.85% | 50.93% | 47.82% | 33.65% |
| Selling, General & Admin | 58.58M | 66.89M | 75.02M | 75.05M | 91.35M | 106.28M | 125.53M | 138.94M | 143.1M |
| SG&A % of Revenue | 24.67% | 24.31% | 23.03% | 21.53% | 21.51% | 21.87% | 21.91% | 21.34% | 19.21% |
| Research & Development | 41.8M | 47.87M | 53.51M | 54.07M | 62.57M | 70.35M | 84.44M | 95.5M | 107.62M |
| R&D % of Revenue | 17.61% | 17.4% | 16.43% | 15.51% | 14.73% | 14.48% | 14.74% | 14.67% | 14.45% |
| Other Operating Expenses | 37.47M | 43.98M | 59.28M | 58.24M | 65.53M | 65.62M | 81.81M | 76.86M | 0 |
| Operating Income | 35.88M▲ 0% | 41.44M▲ 15.5% | 52.26M▲ 26.1% | 71.4M▲ 36.6% | 103.43M▲ 44.9% | 130.43M▲ 26.1% | 142.85M▲ 9.5% | 181.12M▲ 26.8% | 240.57M▲ 32.8% |
| Operating Margin % | 15.11% | 15.06% | 16.04% | 20.48% | 24.36% | 26.84% | 24.93% | 27.82% | 32.29% |
| Operating Income Growth % | 16.9% | 15.49% | 26.1% | 36.62% | 44.87% | 26.1% | 9.52% | 26.79% | 32.82% |
| EBITDA | 73.46M | 86.17M | 113.9M | 136.02M | 166.74M | 194.71M | 208.82M | 256.11M | 329.62M |
| EBITDA Margin % | 30.94% | 31.31% | 34.96% | 39.01% | 39.26% | 40.06% | 36.45% | 39.34% | 44.24% |
| EBITDA Growth % | 14.2% | 17.29% | 32.19% | 19.42% | 22.58% | 16.77% | 7.25% | 22.64% | 28.7% |
| D&A (Non-Cash Add-back) | 37.58M | 44.72M | 61.64M | 64.62M | 63.3M | 64.27M | 65.97M | 74.99M | 89.04M |
| EBIT | 36.05M | 41.64M | 52.55M | 71.56M | 102.24M | 132.56M | 152.51M | 188.59M | 240.57M |
| Net Interest Income | -1.3M | -2.13M | -4.42M | -1.19M | -1.12M | -1.17M | -1.36M | -1M | -988.22K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.3M | 2.13M | 4.42M | 1.19M | 1.12M | 1.17M | 1.36M | 1M | 988.22K |
| Other Income/Expense | -1.14M | -1.93M | -4.22M | -1.03M | -824K | 3.29M | 8.3M | 10.51M | -18.72M |
| Pretax Income | 34.75M▲ 0% | 39.51M▲ 13.7% | 48.03M▲ 21.6% | 70.37M▲ 46.5% | 102.61M▲ 45.8% | 133.73M▲ 30.3% | 151.15M▲ 13.0% | 191.63M▲ 26.8% | 221.85M▲ 15.8% |
| Pretax Margin % | 14.63% | 14.36% | 14.74% | 20.18% | 24.16% | 27.52% | 26.38% | 29.44% | 29.78% |
| Income Tax | 7.87M | 8.23M | 11.04M | 18.27M | 16.33M | 31.49M | 35.24M | 48.36M | 54.49M |
| Effective Tax Rate % | 22.65% | 20.84% | 22.98% | 25.96% | 15.91% | 23.55% | 23.32% | 25.24% | 24.56% |
| Net Income | 26.88M▲ 0% | 31.28M▲ 16.4% | 37M▲ 18.3% | 52.1M▲ 40.8% | 86.28M▲ 65.6% | 102.24M▲ 18.5% | 115.91M▲ 13.4% | 143.27M▲ 23.6% | 167.36M▲ 16.8% |
| Net Margin % | 11.32% | 11.37% | 11.36% | 14.94% | 20.32% | 21.04% | 20.23% | 22.01% | 22.46% |
| Net Income Growth % | 12.76% | 16.36% | 18.29% | 40.82% | 65.61% | 18.49% | 13.37% | 23.61% | 16.81% |
| Net Income (Continuing) | 26.88M | 31.28M | 37M | 52.1M | 86.28M | 102.24M | 115.91M | 143.27M | 167.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.35▲ 0% | 0.40▲ 14.3% | 0.45▲ 12.5% | 0.61▲ 35.6% | 1.00▲ 63.9% | 1.18▲ 18.0% | 1.34▲ 13.6% | 1.64▲ 22.4% | 1.91▲ 16.5% |
| EPS Growth % | 12.9% | 14.29% | 12.5% | 35.56% | 63.93% | 18% | 13.56% | 22.39% | 16.46% |
| EPS (Basic) | 0.35 | 0.41 | 0.45 | 0.62 | 1.02 | 1.21 | 1.36 | 1.68 | 1.95 |
| Diluted Shares Outstanding | 77.11M | 77.79M | 82.87M | 85.76M | 86.2M | 86.45M | 86.82M | 87.32M | 87.58M |
| Basic Shares Outstanding | 76.32M | 76.83M | 81.66M | 84.36M | 84.59M | 84.79M | 85.07M | 85.44M | 85.87M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
DSGX Balance Sheet
The Descartes Systems Group Inc. (DSGX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 74.85M | 72.24M | 100.21M | 203.06M | 292.06M | 358.65M | 418.18M | 352.57M | 479.08M |
| Cash & Short-Term Investments | 35.15M | 27.3M | 44.4M | 133.66M | 213.44M | 276.38M | 320.95M | 236.14M | 354.32M |
| Cash Only | 35.15M | 27.3M | 44.4M | 133.66M | 213.44M | 276.38M | 320.95M | 236.14M | 354.32M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 31.96M | 35.82M | 42.41M | 52.04M | 41.7M | 45.17M | 63.76M | 70.88M | 90.66M |
| Days Sales Outstanding | 49.13 | 47.52 | 47.52 | 54.47 | 35.84 | 33.93 | 40.62 | 39.74 | 44.42 |
| Inventory | 123K | 95K | 411K | 429K | 868K | 759K | 0 | 712.46K | 100.37K |
| Days Inventory Outstanding | 0.7 | 0.46 | 1.75 | 1.74 | 3.11 | 2.44 | - | 1.64 | 0.14 |
| Other Current Assets | 0 | 0 | 0 | 0 | 14.07M | 11.66M | 33.47M | 26.44M | 9.7M |
| Total Non-Current Assets | 550.03M | 581.09M | 842.38M | 860.19M | 893.37M | 957.39M | 1.06B | 1.29B | 1.4B |
| Property, Plant & Equipment | 12.8M | 12.61M | 26.61M | 24.25M | 21.39M | 18.21M | 17.81M | 20.1M | 21.55M |
| Fixed Asset Turnover | 18.55x | 21.82x | 12.24x | 14.38x | 19.86x | 26.69x | 32.17x | 32.38x | 34.58x |
| Goodwill | 350.15M | 378.18M | 523.69M | 565.18M | 608.76M | 675.65M | 760.41M | 924.75M | 1.02B |
| Intangible Assets | 178M | 176.19M | 256.96M | 239.99M | 229.61M | 229.81M | 251.05M | 321.27M | 330.01M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 249.51M | 0 | 0 |
| Other Non-Current Assets | 3.97M | 10.51M | 13.52M | 15.55M | 18.65M | 22.25M | -222.68M | 24.9M | 27.18M |
| Total Assets | 624.88M▲ 0% | 653.33M▲ 4.6% | 942.59M▲ 44.3% | 1.06B▲ 12.8% | 1.19B▲ 11.5% | 1.32B▲ 11.0% | 1.47B▲ 12.0% | 1.65B▲ 11.7% | 1.88B▲ 14.4% |
| Asset Turnover | 0.38x | 0.42x | 0.35x | 0.33x | 0.36x | 0.37x | 0.39x | 0.40x | 0.40x |
| Asset Growth % | 24.84% | 4.55% | 44.27% | 12.8% | 11.49% | 11.02% | 12.02% | 11.74% | 14.36% |
| Total Current Liabilities | 67.69M | 70.37M | 88.94M | 104.26M | 133.43M | 169.59M | 203.63M | 217.03M | 221.84M |
| Accounts Payable | 7.9M | 5.15M | 7.67M | 7.96M | 10.57M | 10.57M | 17.48M | 20.65M | 20.72M |
| Days Payables Outstanding | 45.25 | 25.05 | 32.65 | 32.29 | 37.88 | 34.04 | 46.15 | 47.53 | 29.81 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 369.61K | 3.45M |
| Deferred Revenue (Current) | 30.98M | 34.24M | 41.14M | 49.88M | 56.78M | 67.78M | 84M | 103.86M | 117.16M |
| Other Current Liabilities | 17.5M | 13.08M | 13.25M | 13.05M | 5.62M | 7.54M | 43.59M | 55.11M | 31.18M |
| Current Ratio | 1.11x | 1.03x | 1.13x | 1.95x | 2.19x | 2.11x | 2.05x | 1.62x | 2.16x |
| Quick Ratio | 1.10x | 1.03x | 1.12x | 1.94x | 2.18x | 2.11x | 2.05x | 1.62x | 2.16x |
| Cash Conversion Cycle | 4.59 | 22.93 | 16.62 | 23.92 | 1.07 | 2.33 | - | -6.15 | 14.75 |
| Total Non-Current Liabilities | 58.38M | 49.46M | 31.93M | 47.92M | 52.18M | 47.06M | 32.62M | 45.35M | 53.2M |
| Long-Term Debt | 37M | 25.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 9.48M | 8.89M | 7.38M | 3.92M | 3.9M | 4.72M | 4.86M |
| Deferred Tax Liabilities | 11.59M | 15.51M | 15.07M | 29.39M | 35.52M | 35.4M | 21.1M | 34.13M | 41.19M |
| Other Non-Current Liabilities | 8.66M | 7.63M | 6.47M | 8.23M | 7.35M | 6.12M | 6.15M | 5.53M | 5.98M |
| Total Liabilities | 126.07M | 119.83M | 120.88M | 152.19M | 185.61M | 216.65M | 236.25M | 262.38M | 275.04M |
| Total Debt | 37M | 25.46M | 13.4M | 13.06M | 11.41M | 7.32M | 6.98M | 8.27M | 8.31M |
| Net Debt | 1.85M | -1.83M | -31M | -120.6M | -202.03M | -269.06M | -313.97M | -227.87M | -346.01M |
| Debt / Equity | 0.07x | 0.05x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x |
| Debt / EBITDA | 0.50x | 0.30x | 0.12x | 0.10x | 0.07x | 0.04x | 0.03x | 0.03x | 0.03x |
| Net Debt / EBITDA | 0.03x | -0.02x | -0.27x | -0.89x | -1.21x | -1.38x | -1.50x | -0.89x | -1.05x |
| Interest Coverage | 27.67x | 19.48x | 11.83x | 60.20x | 92.11x | 111.77x | 104.80x | 180.40x | 243.44x |
| Total Equity | 498.81M▲ 0% | 533.51M▲ 7.0% | 821.71M▲ 54.0% | 911.07M▲ 10.9% | 999.82M▲ 9.7% | 1.1B▲ 10.0% | 1.24B▲ 12.6% | 1.39B▲ 11.9% | 1.61B▲ 16.2% |
| Equity Growth % | 15.84% | 6.96% | 54.02% | 10.87% | 9.74% | 9.96% | 12.61% | 11.87% | 16.17% |
| Book Value per Share | 6.47 | 6.86 | 9.92 | 10.62 | 11.60 | 12.72 | 14.26 | 15.86 | 18.37 |
| Total Shareholders' Equity | 498.81M | 533.51M | 821.71M | 911.07M | 999.82M | 1.1B | 1.24B | 1.39B | 1.61B |
| Common Stock | 274.54M | 276.75M | 524.15M | 531.83M | 536.3M | 538.45M | 551.16M | 568.34M | 587.08M |
| Retained Earnings | -211.62M | -172.77M | -135.77M | -83.67M | 2.61M | 104.85M | 220.75M | 364.03M | 523.71M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -15.25M | -25.2M | -25.94M | -1.19M | -12.39M | -30.46M | -28.59M | -50.5M | -7.94M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DSGX Cash Flow Statement
The Descartes Systems Group Inc. (DSGX) cash flow — operating, investing & free cash flow history
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 72.14M | 78.07M | 104.25M | 131.23M | 176.14M | 192.4M | 208.47M | 219.27M | 272.05M |
| Operating CF Margin % | 30.38% | 28.37% | 32% | 37.64% | 41.47% | 39.59% | 36.39% | 33.68% | 36.52% |
| Operating CF Growth % | -0.61% | 8.22% | 33.53% | 25.88% | 34.22% | 9.23% | 8.36% | 5.18% | 24.07% |
| Net Income | 26.88M | 31.28M | 37M | 52.1M | 86.28M | 102.24M | 115.91M | 143.27M | 167.36M |
| Depreciation & Amortization | 37.58M | 44.72M | 61.52M | 61.66M | 64.23M | 65.4M | 65.97M | 74.99M | 89.04M |
| Stock-Based Compensation | 2.81M | 3.71M | 4.91M | 6.31M | 11.02M | 13.67M | 16.48M | 19.96M | 0 |
| Deferred Taxes | 1.27M | 2.14M | 5.74M | 14.52M | 1.51M | 3.24M | -6M | 0 | 11.31M |
| Other Non-Cash Items | -784K | 71K | 337K | 207K | 308K | 53K | 868.34K | 3.63M | 21.75M |
| Working Capital Changes | 4.4M | -3.85M | -5.26M | -3.58M | 12.79M | 7.79M | 15.24M | -22.58M | -17.42M |
| Change in Receivables | -1.96M | -135K | 3.73M | 143K | -2.88M | 151K | -7.28M | 1.42M | -15.1M |
| Change in Inventory | 52K | 74K | -345K | 99K | -498K | 103K | 0 | 0 | 0 |
| Change in Payables | 1.43M | -1.06M | 1.77M | -686K | 2.34M | -620K | 6.2M | 1.77M | -1.16M |
| Cash from Investing | -116.95M | -73.18M | -296.95M | -52.16M | -95.11M | -121.63M | -148.86M | -296.95M | -160.8M |
| Capital Expenditures | -5.09M | -5.24M | -4.9M | -3.76M | -4.83M | -6.07M | -5.56M | -6.74M | -5.86M |
| CapEx % of Revenue | 2.14% | 1.91% | 1.5% | 1.08% | 1.14% | 1.25% | 0.97% | 1.04% | 0.79% |
| Acquisitions | -111.87M | -67.93M | -292.05M | -48.4M | -90.28M | -115.56M | -142.7M | -290.2M | -154.95M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 38M | -11.38M | 210.17M | 5.56M | 1.52M | -4.6M | -14.76M | -3.63M | 5.16M |
| Debt Issued (Net) | 37M | -10.19M | -25.62M | -1.26M | -1.07M | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1000K | 345K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -911.57K |
| Other Financing | 0 | -1.53M | -2.19M | 627.57K | -72K | -6.33M | -24.07M | -15.38M | -8.34M |
| Net Change in Cash | -2.99M▲ 0% | -7.85M▼ 162.4% | 17.11M▲ 318.0% | 89.26M▲ 421.8% | 79.78M▼ 10.6% | 62.95M▼ 21.1% | 41.99M▼ 33.3% | -84.81M▼ 302.0% | 119.02M▲ 240.3% |
| Free Cash Flow | 67.06M▲ 0% | 72.83M▲ 8.6% | 99.35M▲ 36.4% | 127.47M▲ 28.3% | 171.31M▲ 34.4% | 186.32M▲ 8.8% | 202.89M▲ 8.9% | 212.53M▲ 4.8% | 266.19M▲ 25.3% |
| FCF Margin % | 28.24% | 26.47% | 30.5% | 36.56% | 40.34% | 38.34% | 35.41% | 32.65% | 35.73% |
| FCF Growth % | -0.9% | 8.61% | 36.42% | 28.3% | 34.39% | 8.76% | 8.89% | 4.75% | 25.25% |
| FCF per Share | 0.87 | 0.94 | 1.20 | 1.49 | 1.99 | 2.16 | 2.34 | 2.43 | 3.04 |
| FCF Conversion (FCF/Net Income) | 2.68x | 2.50x | 2.82x | 2.52x | 2.04x | 1.88x | 1.80x | 1.53x | 1.63x |
| Interest Paid | 680K | 1.71M | 3.52M | 89K | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 3.89M | 7.86M | 8.95M | 8.21M | 12.57M | 23.79M | 44.94M | 53.41M | 0 |
DSGX Key Ratios
The Descartes Systems Group Inc. (DSGX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 5.73% | 5.78% | 6.06% | 5.46% | 6.01% | 9.03% | 9.74% | 9.92% | 10.92% | 11.18% |
| Return on Invested Capital (ROIC) | 6.08% | 6.03% | 6.02% | 5.93% | 6.77% | 9.77% | 12.02% | 12.21% | 13.05% | 14.91% |
| Gross Margin | 72.49% | 73.17% | 72.75% | 73.69% | 74.21% | 76.03% | 76.68% | 75.86% | 75.64% | 65.95% |
| Net Margin | 11.7% | 11.32% | 11.37% | 11.36% | 14.94% | 20.32% | 21.04% | 20.23% | 22.01% | 22.46% |
| Debt / Equity | - | 0.07x | 0.05x | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x |
| Interest Coverage | 50.24x | 27.67x | 19.48x | 11.83x | 60.20x | 92.11x | 111.77x | 104.80x | 180.40x | 243.44x |
| FCF Conversion | 3.04x | 2.68x | 2.50x | 2.82x | 2.52x | 2.04x | 1.88x | 1.80x | 1.53x | 1.63x |
| Revenue Growth | 10.15% | 16.52% | 15.89% | 18.4% | 7.02% | 21.8% | 14.44% | 17.88% | 13.63% | 14.44% |
DSGX Frequently Asked Questions
The Descartes Systems Group Inc. (DSGX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
The Descartes Systems Group Inc. (DSGX) reported $730.6M in revenue for fiscal year 2025. This represents a 3463% increase from $20.5M in 1996.
The Descartes Systems Group Inc. (DSGX) grew revenue by 14.4% over the past year. This is steady growth.
Yes, The Descartes Systems Group Inc. (DSGX) is profitable, generating $164.2M in net income for fiscal year 2025 (22.5% net margin).
Dividend & Returns
The Descartes Systems Group Inc. (DSGX) has a return on equity (ROE) of 11.2%. This is reasonable for most industries.
The Descartes Systems Group Inc. (DSGX) generated $261.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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The Descartes Systems Group Inc. (DSGX) financial analysis — history, returns, DCA and operating performance tools
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