The Descartes Systems Group Inc. logo

The Descartes Systems Group Inc.

DSGX

NASDAQTechnologySoftware - Application

Previous close

$78.21

+$0.38 · +0.49%

Aug 21, 4:00 PM ET

DSGX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

84

Deep Value

Momentum

40

Weakening

Sentiment

71

Bullish

Risk resilience

55

Elevated Risk

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Company profile

Company website

The Descartes Systems Group Inc. (DSGX) offers comprehensive, cloud-native solutions designed to optimize business processes within the logistics and supply chain sectors. The primary objective is to significantly elevate the efficiency, operational excellence, and security posture for enterprises worldwide that heavily rely on robust logistics. At its core, the company offers a proprietary "Logistics Technology" platform. This platform provides a versatile array of modular, interconnected web and mobile applications, all accessible via the cloud, which collectively foster a collaborative ecosystem where various logistics stakeholders can seamlessly conduct transactions and manage operations. Descartes' extensive portfolio encompasses specialized solutions for route optimization, mobile workforce management, and telematics; comprehensive transportation management and e-commerce integration; customs and regulatory adherence; global trade data intelligence; logistics network facilitation; and specialized enterprise systems tailored for brokers and freight forwarders. Clients harness these adaptable Software-as-a-Service (SaaS) and data-driven offerings to meticulously plan and execute deliveries—including scheduling, tracking, and performance measurement. They can also streamline shipment planning, allocation, and execution; manage the financial aspects of transportation such as rating, auditing, and invoice payments; delve into global trade data for analysis; accurately calculate trade tariffs and duties; and efficiently complete customs and security documentation for international trade, among numerous other critical logistical functions. Additionally, Descartes provides cloud-based warehouse management solutions specifically tailored for e-commerce, complemented by expert consulting, seamless implementation, and thorough training, alongside ongoing maintenance and support. Its diverse client base includes transportation firms, third-party logistics providers, distribution-heavy corporations, manufacturers, retailers, distributors, and mobile service providers. Founded in 1981, The Descartes Systems Group Inc. maintains its head office in Waterloo, Canada.

Industry
Software - Application
Sector
Technology
Headquarters
CA
CEO
Edward J. Ryan
Listed since
Jan 27, 1999
Employees
2,403

Market position

Day range

Current $78.21

52-week range

Current $78.21

Open
$77.80
Previous close
$77.83
Volume
346.24K
0.65× average
Average volume
528.65K
Average daily volume
Market cap
6.7B USD
Beta
0.19
Market reference 1
50-day average
$73.201
+6.84% above average
200-day average
$75.6573
+3.37% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
37.93×
P/B (TTM)
4.12×
P/S (TTM)
8.83×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
72.26%
Operating margin
31.10%
Net margin
23.35%

Financial health

Debt / equity

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%60%37%15%Gross margin, FY2022: 76.03%Gross margin, FY2023: 76.68%Gross margin, FY2024: 75.86%Gross margin, FY2025: 75.64%Gross margin, FY2026: 65.95%Operating margin, FY2022: 24.36%Operating margin, FY2023: 26.84%Operating margin, FY2024: 24.93%Operating margin, FY2025: 27.82%Operating margin, FY2026: 32.29%Net margin, FY2022: 20.32%Net margin, FY2023: 21.04%Net margin, FY2024: 20.23%Net margin, FY2025: 22.01%Net margin, FY2026: 22.46%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 76.03%. Gross margin FY2023 76.68%. Gross margin FY2024 75.86%. Gross margin FY2025 75.64%. Gross margin FY2026 65.95%. Operating margin FY2022 24.36%. Operating margin FY2023 26.84%. Operating margin FY2024 24.93%. Operating margin FY2025 27.82%. Operating margin FY2026 32.29%. Net margin FY2022 20.32%. Net margin FY2023 21.04%. Net margin FY2024 20.23%. Net margin FY2025 22.01%. Net margin FY2026 22.46%.

Income trends

Revenue

744.99M USD+14.44%

Operating income

240.57M USD+32.82%

Net income

167.36M USD+16.81%
Income trends across reported periods810.86M USD547.38M USD283.89M USD20.41M USDRevenue, FY2022: 424.69M USDRevenue, FY2023: 486.01M USDRevenue, FY2024: 572.93M USDRevenue, FY2025: 651M USDRevenue, FY2026: 744.99M USDOperating income, FY2022: 103.43M USDOperating income, FY2023: 130.43M USDOperating income, FY2024: 142.85M USDOperating income, FY2025: 181.12M USDOperating income, FY2026: 240.57M USDNet income, FY2022: 86.28M USDNet income, FY2023: 102.24M USDNet income, FY2024: 115.91M USDNet income, FY2025: 143.27M USDNet income, FY2026: 167.36M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 424.69M USD. Revenue FY2023 486.01M USD. Revenue FY2024 572.93M USD. Revenue FY2025 651M USD. Revenue FY2026 744.99M USD. Operating income FY2022 103.43M USD. Operating income FY2023 130.43M USD. Operating income FY2024 142.85M USD. Operating income FY2025 181.12M USD. Operating income FY2026 240.57M USD. Net income FY2022 86.28M USD. Net income FY2023 102.24M USD. Net income FY2024 115.91M USD. Net income FY2025 143.27M USD. Net income FY2026 167.36M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue744.99M USD651M USD572.93M USD486.01M USD424.69M USD
Cost of goods sold253.7M USD158.57M USD138.3M USD113.33M USD101.81M USD
Gross profit491.29M USD492.43M USD434.64M USD372.69M USD322.88M USD
Research and development107.62M USD95.5M USD84.44M USD70.35M USD62.57M USD
Selling, general, and administrative155.03M USD138.94M USD125.53M USD106.28M USD91.35M USD
Operating expenses250.72M USD311.3M USD291.79M USD242.25M USD219.45M USD
Interest expense988.22K USD1M USD1.36M USD1.17M USD1.12M USD
Depreciation and amortization89.04M USD74.99M USD65.98M USD64.27M USD63.3M USD
Operating income240.57M USD181.12M USD142.85M USD130.43M USD103.43M USD
Net income167.36M USD143.27M USD115.91M USD102.24M USD86.28M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 4 misses, 1 met estimate
Average EPS surprise
-0.31%
11 comparable reports
Latest EPS result
0.55
Estimate 0.53 · Beat by 3.77%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.620.530.450.36Q4 '24BeatQ1 '25MetQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual 0.42, estimate 0.4, surprise +5.00%, Beat. Q1 2025, reported Mar 5, 2025: actual 0.43, estimate 0.43, surprise 0.00%, Met estimate. Q2 2025, reported Jun 4, 2025: actual 0.41, estimate 0.46, surprise -10.87%, Miss. Q3 2025, reported Sep 3, 2025: actual 0.43, estimate 0.49, surprise -12.24%, Miss. Q4 2025, reported Dec 3, 2025: actual 0.5, estimate 0.46, surprise +8.70%, Beat. Q1 2026, reported Mar 11, 2026: actual 0.52, estimate 0.5, surprise +4.00%, Beat. Q2 2026, reported Jun 3, 2026: actual 0.55, estimate 0.53, surprise +3.77%, Beat. Q3 2026, reported Sep 10, 2026: actual —, estimate 0.58, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates206.14M188.94M171.74M154.53MQ4 '24BeatQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual 170.28M USD, estimate 162.46M USD, surprise +4.81%, Beat. Q1 2025, reported Mar 5, 2025: actual 164.45M USD, estimate 166.69M USD, surprise -1.35%, Miss. Q2 2025, reported Jun 4, 2025: actual 166.96M USD, estimate 173.94M USD, surprise -4.01%, Miss. Q3 2025, reported Sep 3, 2025: actual 179.66M USD, estimate 174.16M USD, surprise +3.16%, Beat. Q4 2025, reported Dec 3, 2025: actual 186.59M USD, estimate 183.26M USD, surprise +1.82%, Beat. Q1 2026, reported Mar 11, 2026: actual 192.71M USD, estimate 191.51M USD, surprise +0.63%, Beat. Q2 2026, reported Jun 3, 2026: actual 197.93M USD, estimate 193.57M USD, surprise +2.25%, Beat. Q3 2026, reported Sep 10, 2026: actual —, estimate 198.21M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$96.67

23.60% upside
Past 12 months12-month forecast

Price history unavailable

High $118Average $96.67Low $82.00

Rating distribution

15 ratings
Strong buy00%
Buy1493%
Hold17%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
Loop CapitalmaintainBuy
Rothschild & CoupgradeNeutralBuy

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