The Descartes Systems Group Inc. (DSGX) Stock Analysis
Technology · Software - Application · NasdaqGS
The Descartes Systems Group Inc. (DSGX) posted $728.99M in revenue for fiscal 2026 (up 12.0% year over year), at a 22.5% net margin, and has compounded revenue about 14.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on The Descartes Systems Group Inc.
The Descartes Systems Group Inc. has grown revenue from $486.01M to $728.99M over the last 4 fiscal years, compounding about 14.5% a year. The most recent year was up 12%, so growth has cooled from its longer-run pace.
Net margin sits at 22.5%, up 0.5 points year over year on a 77.1% gross margin.
At today's valuation the market is pricing in roughly 10.2% annual free-cash-flow growth. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from The Descartes Systems Group Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
The Descartes Systems Group Inc. revenue & earnings — last 4 fiscal years
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | $486.01M | $572.93M | $651.00M | $728.99M |
| Gross profit | $372.69M | $434.64M | $492.43M | $561.93M |
| Net income | $102.24M | $115.91M | $143.27M | $163.77M |
| Net margin | 21.0% | 20.2% | 22.0% | 22.5% |
Source: The Descartes Systems Group Inc. SEC filings (10-K).
The Descartes Systems Group Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 28.7% while revenue rose 12.0% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
What growth is priced into DSGX stock?
At today's market cap of $6.28B, The Descartes Systems Group Inc. is priced for free-cash-flow growth of about 10.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $260.52M from the FY ending 2026-01-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of The Descartes Systems Group Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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The Descartes Systems Group Inc. financial history by metric
About The Descartes Systems Group Inc.
The Descartes Systems Group Inc. provides global logistics technology solutions in the United States, Europe, the Middle East, Africa, Canada, and the Asia Pacific. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company offers a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services. It also provides its customers to use its modular and technology solutions to route, 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. In addition, the company offers consulting, implementation, and training services, as well as maintenance and support services. It serves transportation providers, such as air, ocean, and truck modes; logistics service providers, including third-party logistics providers, freight forwarders, and customs brokers; and distribution-intensive companies, such as retailers, manufacturers, distributors, and mobile business service providers through subscription, transactional or perpetual license basis. The Descartes Systems Group Inc. was incorporated in 1981 and is headquartered in Waterloo, Canada.
The Descartes Systems Group Inc. — frequently asked questions
What is The Descartes Systems Group Inc.'s revenue?
The Descartes Systems Group Inc. (DSGX) reported revenue of $728.99M for fiscal year 2026, up 12.0% from the prior year, according to its SEC filings.
Is The Descartes Systems Group Inc. profitable?
Yes. DSGX earned net income of $163.77M in fiscal 2026, a net margin of 22.5%.
What is DSGX's P/E ratio?
The Descartes Systems Group Inc. trades at a price-to-earnings ratio of about 36.5 based on the latest data in our nightly-refreshed cache.
How fast is The Descartes Systems Group Inc. growing?
DSGX's revenue grew at roughly 14.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does The Descartes Systems Group Inc. have?
As of fiscal year 2026, DSGX carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is The Descartes Systems Group Inc.'s gross margin?
DSGX's gross margin was 77.1% in fiscal 2026 — gross profit of $561.93M on revenue of $728.99M.
What is The Descartes Systems Group Inc.'s market cap?
The Descartes Systems Group Inc. (DSGX) has a market capitalization of about $6.28B, based on the latest data in our nightly-refreshed cache.
When does The Descartes Systems Group Inc.'s fiscal year end?
DSGX's fiscal year ends in January. Its most recent annual filing covers the fiscal year ending 2026-01-31.
What growth is priced into DSGX stock?
At today's market cap of $6.28B, The Descartes Systems Group Inc. is priced for free-cash-flow growth of about 10.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $260.52M from the FY ending 2026-01-31).
Where does this data come from?
All figures are computed from The Descartes Systems Group Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.