What is Descartes Systems Group Inc's earnings per share (EPS)?

Descartes Systems Group Inc (DSGX) reported diluted earnings per share of $1.87 for fiscal year 2026. This represents a 14.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Descartes Systems Group Inc (DSGX) Financials

DSGX

FY2026 annual

Revenue $729.0M +12.0% YoY

Net Income $163.8M +14.3% YoY

EPS (Diluted) $1.87 +14.0% YoY

Free Cash Flow $260.5M +22.6% YoY

Market Cap $6.8B as of Oct 8, 2026

Price / Sales 9.4x on $729.0M revenue, FY2026

Price / Earnings 41.8x on $163.8M net income, FY2026

Price / Book 4.2x on $1.6B equity, Q4 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2026, ended Jan 31, 2026 Reported Mar 11, 2026 Currency USD FYE January

Newest figures come from the 40-F for FY2026, filed Mar 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DSGX SEC filings page.

Descartes Systems Group Inc (DSGX) reported $729.0M in revenue for fiscal year 2026, up 12.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI DSGX FY2026 2026-10-03

Descartes turns reported earnings into cash, expands operating margins, and directs growth toward goodwill rather than heavy physical reinvestment.

Between FY2024 and FY2026, cash conversion stayed favorable: operating cash flow reached $266M against net income of $164M. Free cash flow was $261M while capital spending was only $5.7M, pointing to a capital-light core whose accounting earnings are translating into cash rather than being absorbed by routine reinvestment.

Revenue expanded from $573M in FY2024 to $729M in FY2026. Over the same span, operating margin widened from 24.9% to 28.8%, with broadly stable gross margins; this pattern is consistent with fixed costs being spread across a larger revenue base, not merely top-line growth.

Goodwill-led growth is becoming more prominent, rising from $760M in FY2024 to $1.03B in FY2026. Despite that asset expansion, the balance sheet remained conservatively financed: the current ratio was 2.2x and liabilities remained modest relative to equity, so expansion has not depended on heavy leverage.

Financial Health Signals

Financial Health Score 80/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Descartes Systems Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Descartes Systems Group Inc has an operating margin of 28.8%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 94/100, reflecting efficient cost management and pricing power. This is up from 27.8% the prior year.

Growth

Descartes Systems Group Inc's revenue grew 12.0% year-over-year to $729.0M, a solid pace of expansion. This earns a growth score of 71/100.

Leverage

Descartes Systems Group Inc carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Descartes Systems Group Inc's current ratio of 2.16 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Descartes Systems Group Inc converts 35.7% of revenue into free cash flow ($260.5M). This strong cash generation earns a score of 96/100.

Returns

Descartes Systems Group Inc earns a strong 10.1% return on equity (ROE), meaning it generates $10 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 80/100. This is down from 10.3% the prior year.

Altman Z-Score Safe

16.15

Descartes Systems Group Inc scores 16.15, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.8B) relative to total liabilities ($276.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Descartes Systems Group Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.63x

For every $1 of reported earnings, Descartes Systems Group Inc generates $1.63 in operating cash flow ($266.2M OCF vs $163.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

217.14x

Descartes Systems Group Inc earns $217.14 in operating income for every $1 of interest expense ($210.0M vs $967K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2026.

Cash & Balance Sheet

Cash & Debt

$356.5M

YoY+51.0%

QoQ+48.2%

Descartes Systems Group Inc held $356.5M in cash as of Q4 2026; long-term debt is not reported for that period.

Shares Outstanding

86M

YoY+1.0%

QoQ+0.1%

Descartes Systems Group Inc had 86M shares outstanding in Q4 2026. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Free Cash Flow

Not reported for Q4 2026.

Dividends Per Share

Not reported for Q4 2026.

Margins & Returns

None of these metrics is reported for Q4 2026.

Capital Allocation

None of these metrics is reported for Q4 2026.

DSGX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DSGX quarterly income statement

Metric	FY2640-F	FY2540-F	FY2440-F	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$729.0M+12.0%	$651.0M+13.6%	$572.9M+17.9%	$486.0M+14.4%	$424.7M+21.8%	$348.7M+7.0%	$325.8M+18.4%	$275.2M+15.9%	$237.4M+16.5%	$203.8M+10.2%	$185.0M+8.3%	$170.9M+12.9%	$151.3M+19.2%	$126.9M+11.3%	$114.0M
Cost of Revenue	$167.1M+5.4%	$158.6M+14.7%	$138.3M+22.0%	$113.3M+11.3%	$101.8M+13.2%	$89.9M+4.9%	$85.7M+14.3%	$75.0M+17.7%	$63.7M+13.7%	$56.1M+4.1%	$53.9M-1.9%	$54.9M+11.9%	$49.0M+15.7%	$42.4M+10.7%	$38.3M
Gross Profit	$561.9M+14.1%	$492.4M+13.3%	$434.6M+16.6%	$372.7M+15.4%	$322.9M+24.8%	$258.8M+7.8%	$240.1M+19.9%	$200.2M+15.2%	$173.7M+17.6%	$147.7M+12.7%	$131.1M+13.1%	$116.0M+13.4%	$102.3M+21.0%	$84.5M+11.6%	$75.7M
R&D Expenses	$105.3M+10.3%	$95.5M+13.5%	$84.1M+19.5%	$70.4M+12.4%	$62.6M+15.7%	$54.1M+1.0%	$53.5M+11.8%	$47.9M+14.5%	$41.8M+17.6%	$35.6M+13.6%	$31.3M+11.5%	$28.1M+8.5%	$25.9M+21.7%	$21.3M+11.7%	$19.0M
SG&A Expenses	$72.5M+11.0%	$65.2M+13.7%	$57.4M+15.4%	$49.7M+11.8%	$44.5M+22.6%	$36.3M+4.7%	$34.6M+15.4%	$30.0M+17.9%	$25.4M+10.3%	$23.1M+6.8%	$21.6M+6.3%	$20.3M-0.9%	$20.5M+30.7%	$15.7M+9.9%	$14.3M
Operating Income	$210.0M+15.9%	$181.1M+26.8%	$142.8M+9.5%	$130.4M+26.1%	$103.4M+44.9%	$71.4M+36.6%	$52.3M+26.1%	$41.4M+15.5%	$35.9M+16.9%	$30.7M+9.3%	$28.1M+24.5%	$22.6M+53.9%	$14.7M-14.7%	$17.2M+12.9%	$15.2M
EBITDA	$297.1M+16.0%	$256.1M+22.6%	$208.8M+6.6%	$195.8M+16.8%	$167.7M+26.0%	$133.1M+16.9%	$113.8M+32.0%	$86.2M+17.3%	$73.5M+14.2%	$64.3M+11.5%	$57.7M+21.2%	$47.6M+31.9%	$36.1M+5.2%	$34.3M+15.5%	$29.7M
Interest Expense	$967K-3.7%	$1.0M-26.3%	$1.4M+16.8%	$1.2M+3.9%	$1.1M-5.3%	$1.2M-73.1%	$4.4M+107.5%	$2.1M+64.1%	$1.3M+112.3%	$611K+17.0%	$522K-52.0%	$1.1M+9.6%	$993K+2106.7%	$45K+400.0%	$9K
Income Tax	$53.3M+10.3%	$48.4M+37.2%	$35.2M+11.9%	$31.5M+92.9%	$16.3M-10.6%	$18.3M+65.5%	$11.0M+34.1%	$8.2M+4.6%	$7.9M+2.7%	$7.7M+6.3%	$7.2M+6.6%	$6.8M+64.1%	$4.1M+236.4%	$1.2M-63.6%	$3.4M
Net Income	$163.8M+14.3%	$143.3M+23.6%	$115.9M+13.4%	$102.2M+18.5%	$86.3M+65.6%	$52.1M+40.8%	$37.0M+18.3%	$31.3M+16.4%	$26.9M+12.8%	$23.8M+15.9%	$20.6M+36.5%	$15.1M+56.7%	$9.6M-39.9%	$16.0M+33.0%	$12.0M
EPS (Basic)	$1.91+13.7%	$1.68+23.5%	$1.36+12.4%	$1.21+18.6%	$1.02+64.5%	$0.62+37.8%	$0.45+9.8%	$0.41+17.1%	$0.35+12.9%	$0.31+14.8%	$0.27+28.6%	$0.21+40.0%	$0.15-42.3%	$0.26+36.8%	$0.19
EPS (Diluted)	$1.87+14.0%	$1.64+22.4%	$1.34+13.6%	$1.18+18.0%	$1.00+63.9%	$0.61+35.6%	$0.45+12.5%	$0.40+14.3%	$0.35+12.9%	$0.31+14.8%	$0.27+28.6%	$0.21+40.0%	$0.15-40.0%	$0.25+31.6%	$0.19
Diluted Shares (Avg)	88M+0.3%	87M+0.6%	87M+0.4%	86M+0.3%	86M+0.5%	86M+3.5%	83M+6.5%	78M+0.9%	77M+0.8%	77M+0.1%	76M+106640.3%	71,584-99.9%	64M+0.8%	64M+0.7%	63M

Metric	Q4'2640-F	Q2'2610-Q	Q4'2540-F	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q
Revenue	N/A	$179.8M+10.0%	N/A	$163.4M+14.0%	N/A	$143.4M+16.6%	N/A	$123.0M+17.6%
Cost of Revenue	N/A	$41.6M+2.6%	N/A	$40.5M+15.9%	N/A	$35.0M+20.9%	N/A	$28.9M+13.5%
Gross Profit	N/A	$138.2M+12.5%	N/A	$122.9M+13.3%	N/A	$108.4M+15.2%	N/A	$94.1M+19.0%
R&D Expenses	N/A	$26.8M+11.9%	N/A	$23.9M+10.0%	N/A	$21.7M+19.7%	N/A	$18.2M+17.3%
SG&A Expenses	N/A	$17.1M+3.8%	N/A	$16.5M+13.2%	N/A	$14.6M+14.9%	N/A	$12.7M+17.0%
Operating Income	N/A	$48.2M+5.1%	N/A	$45.8M+24.5%	N/A	$36.8M+16.7%	N/A	$31.5M+20.8%
EBITDA	N/A	$70.2M+8.6%	N/A	$64.7M+20.4%	N/A	$53.7M+9.7%	N/A	$48.9M+15.6%
Interest Expense	N/A	$243K0.0%	N/A	$243K-28.5%	N/A	$340K+19.7%	N/A	$284K+4.4%
Income Tax	N/A	$11.5M-15.9%	N/A	$13.6M+31.3%	N/A	$10.4M+17.7%	N/A	$8.8M+222.9%
Net Income	N/A	$38.0M+9.6%	N/A	$34.7M+23.3%	N/A	$28.1M+22.8%	N/A	$22.9M-1.2%
EPS (Basic)	N/A	$0.44+7.3%	N/A	$0.41+24.2%	N/A	$0.33+22.2%	N/A	$0.270.0%
EPS (Diluted)	N/A	$0.43+7.5%	N/A	$0.40+25.0%	N/A	$0.32+18.5%	N/A	$0.270.0%
Diluted Shares (Avg)	N/A	88M+0.4%	N/A	87M+0.5%	N/A	87M+0.5%	N/A	86M+0.2%

DSGX Balance Sheet

DSGX quarterly balance sheet

Metric	FY2640-F	FY2540-F	FY2440-F	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$1.9B+15.1%	$1.6B+11.7%	$1.5B+12.0%	$1.3B+11.0%	$1.2B+11.5%	$1.1B+12.8%	$942.6M+44.3%	$653.3M+4.6%	$624.9M+24.8%	$500.5M+10.5%	$452.8M+1.9%	$444.2M+28.9%	$344.5M+24.8%	$276.1M+6.6%	$258.9M
Current Assets	$482.1M+36.7%	$352.6M-15.7%	$418.2M+16.6%	$358.7M+22.8%	$292.1M+43.8%	$203.1M+102.6%	$100.2M+38.7%	$72.2M-3.5%	$74.9M+3.2%	$72.6M-3.2%	$75.0M-52.3%	$157.3M+42.7%	$110.2M+35.9%	$81.1M-21.5%	$103.4M
Cash & Equivalents	$356.5M+51.0%	$236.1M-26.4%	$321.0M+16.1%	$276.4M+29.5%	$213.4M+59.7%	$133.7M+201.0%	$44.4M+62.7%	$27.3M-22.3%	$35.1M-7.8%	$38.1M+2.5%	$37.2M-68.5%	$118.1M+88.3%	$62.7M+66.6%	$37.6M-42.6%	$65.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$4.6M	$0	$0	$0	$0
Inventory	$101K-85.9%	$715K+102.5%	$353K-53.5%	$759K-12.6%	$868K+102.3%	$429K+4.4%	$411K+332.6%	$95K-22.8%	$123K-26.3%	$167K+7.7%	$155K-67.3%	$474K-64.9%	$1.4M+66.3%	$812K+96.6%	$413K
Accounts Receivable	$64.8M+20.1%	$54.0M+4.6%	$51.6M+14.2%	$45.2M+8.3%	$41.7M+12.1%	$37.2M+5.9%	$35.1M+11.5%	$31.5M+9.4%	$28.8M+13.3%	$25.4M-0.8%	$25.6M+13.3%	$22.6M+10.0%	$20.6M-0.4%	$20.6M+22.4%	$16.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.0B+10.9%	$924.8M+21.6%	$760.4M0.0%	$760.4M+24.9%	$608.8M+7.7%	$565.2M+7.9%	$523.7M+38.5%	$378.2M+8.0%	$350.1M+33.1%	$263.1M+21.0%	$217.5M+47.5%	$147.4M+32.6%	$111.2M+25.9%	$88.3M+675.1%	$11.4M
Total Liabilities	$276.8M+5.5%	$262.4M+11.1%	$236.3M+9.0%	$216.7M+16.7%	$185.6M+22.0%	$152.2M+25.9%	$120.9M+0.9%	$119.8M-4.9%	$126.1M+80.2%	$69.9M+37.8%	$50.8M-5.7%	$53.8M-42.9%	$94.3M+149.1%	$37.9M-6.2%	$40.4M
Current Liabilities	$223.2M+2.9%	$217.0M+6.6%	$203.6M+20.1%	$169.6M+27.1%	$133.4M+28.0%	$104.3M+17.2%	$88.9M+26.4%	$70.4M+4.0%	$67.7M+25.8%	$53.8M+34.4%	$40.0M-0.3%	$40.1M-9.4%	$44.3M+55.5%	$28.5M+11.2%	$25.6M
Non-Current Liabilities	$53.5M+18.0%	$45.4M+39.0%	$32.6M-30.7%	$47.1M-9.8%	$52.2M+8.9%	$47.9M+50.1%	$31.9M-35.4%	$49.5M-15.3%	$58.4M+262.1%	$16.1M+50.5%	$10.7M-21.6%	$13.7M-72.7%	$50.0M+432.8%	$9.4M-36.3%	$14.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$25.5M-31.2%	$37.0M	N/A	N/A	N/A	$31.8M	N/A	N/A
Total Equity	$1.6B+16.9%	$1.4B+11.9%	$1.2B+12.6%	$1.1B+10.0%	$999.8M+9.7%	$911.1M+10.9%	$821.7M+54.0%	$533.5M+7.0%	$498.8M+15.8%	$430.6M+7.1%	$402.0M+3.0%	$390.4M+56.1%	$250.2M+5.0%	$238.2M+8.4%	$219.8M
Retained Earnings	$527.0M+44.8%	$364.0M+64.9%	$220.8M+110.5%	$104.8M+3914.1%	$2.6M+103.1%	-$83.7M+38.4%	-$135.8M+21.4%	-$172.8M+18.4%	-$211.6M+11.3%	-$238.5M+9.1%	-$262.3M+7.3%	-$282.9M+5.1%	-$297.9M+3.1%	-$307.5M+4.9%	-$323.5M

Metric	Q4'2640-F	Q2'2610-Q	Q4'2540-F	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q
Total Assets	$1.9B+15.1%	$1.8B+12.2%	$1.6B+11.7%	$1.6B+10.5%	$1.5B+12.0%	$1.4B+13.6%	$1.3B+11.0%	$1.2B
Current Assets	$482.1M+36.7%	$360.7M-1.2%	$352.6M-15.7%	$365.2M+12.6%	$418.2M+16.6%	$324.2M+19.7%	$358.7M+22.8%	$270.8M
Cash & Equivalents	$356.5M+51.0%	$240.6M-4.8%	$236.1M-26.4%	$252.7M+11.1%	$321.0M+16.1%	$227.4M+20.3%	$276.4M+29.5%	$189.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$101K-85.9%	$534K	$715K+102.5%	N/A	$353K-53.5%	$970K+19.2%	$759K-12.6%	$814K
Accounts Receivable	$64.8M+20.1%	$61.3M+6.7%	$54.0M+4.6%	$57.5M+2.3%	$51.6M+14.2%	$56.2M+15.0%	$45.2M+8.3%	$48.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.0B+10.9%	$992.5M+16.8%	$924.8M+21.6%	$850.0M+11.1%	$760.4M0.0%	$765.1M+13.9%	$760.4M+24.9%	$671.8M
Total Liabilities	$276.8M+5.5%	$256.1M+1.0%	$262.4M+11.1%	$253.7M+4.7%	$236.3M+9.0%	$242.3M+16.3%	$216.7M+16.7%	$208.3M
Current Liabilities	$223.2M+2.9%	$211.9M+4.0%	$217.0M+6.6%	$203.7M0.0%	$203.6M+20.1%	$203.8M+30.8%	$169.6M+27.1%	$155.9M
Non-Current Liabilities	$53.5M+18.0%	$44.2M-11.4%	$45.4M+39.0%	$49.9M+29.6%	$32.6M-30.7%	$38.5M-26.6%	$47.1M-9.8%	$52.4M
Total Equity	$1.6B+16.9%	$1.5B+14.3%	$1.4B+11.9%	$1.3B+11.8%	$1.2B+12.6%	$1.2B+13.0%	$1.1B+10.0%	$1.0B+7.9%
Retained Earnings	$527.0M+44.8%	$438.3M+51.1%	$364.0M+64.9%	$290.1M+78.7%	$220.8M+110.5%	$162.3M+233.8%	$104.8M+3914.1%	$48.6M

Not reported in any period shown, so not listed: Long-Term Debt.

DSGX Cash Flow Statement

DSGX quarterly cash flow statement

Metric	FY2640-F	FY2540-F	FY2440-F	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$266.2M+21.4%	$219.3M+5.6%	$207.7M+7.9%	$192.4M+9.2%	$176.1M+34.2%	$131.2M+25.9%	$104.3M+33.5%	$78.1M+8.2%	$72.1M-0.6%	$72.6M+33.8%	$54.2M+9.6%	$49.5M+16.1%	$42.6M+40.5%	$30.3M+26.8%	$23.9M
Depreciation & Amortization	$87.1M+16.2%	$75.0M+13.7%	$66.0M+0.9%	$65.4M+1.8%	$64.2M+4.2%	$61.7M+0.2%	$61.5M+37.6%	$44.7M+19.0%	$37.6M+11.7%	$33.6M+13.6%	$29.6M+18.3%	$25.0M+16.9%	$21.4M+25.3%	$17.1M+18.1%	$14.5M
Stock-Based Compensation	$20.9M+4.7%	$20.0M+21.1%	$16.5M+20.6%	$13.7M+24.1%	$11.0M+74.5%	$6.3M+28.6%	$4.9M+32.3%	$3.7M+32.2%	$2.8M+38.8%	$2.0M+28.2%	$1.6M+2.2%	$1.5M-38.8%	$2.5M+97.4%	$1.3M+5.4%	$1.2M
Capital Expenditures	$5.7M-15.0%	$6.7M+21.2%	$5.6M-8.4%	$6.1M+25.7%	$4.8M+28.5%	$3.8M-23.3%	$4.9M-6.6%	$5.2M+3.1%	$5.1M+3.5%	$4.9M+14.0%	$4.3M+60.8%	$2.7M+12.3%	$2.4M-31.8%	$3.5M-26.2%	$4.7M
Free Cash Flow	$260.5M+22.6%	$212.5M+5.2%	$202.1M+8.5%	$186.3M+8.8%	$171.3M+34.4%	$127.5M+28.3%	$99.4M+36.4%	$72.8M+8.6%	$67.1M-0.9%	$67.7M+35.5%	$49.9M+6.7%	$46.8M+16.3%	$40.2M+49.9%	$26.8M+39.9%	$19.2M
Investing Cash Flow	-$157.3M+47.0%	-$296.9M-100.3%	-$148.3M-21.9%	-$121.6M-27.9%	-$95.1M-82.3%	-$52.2M+82.4%	-$297.0M-305.8%	-$73.2M+37.4%	-$117.0M-66.2%	-$70.4M+45.8%	-$129.8M-53.0%	-$84.8M-38.8%	-$61.1M-4.9%	-$58.2M-123.9%	-$26.0M
Financing Cash Flow	$5.0M+238.2%	-$3.6M+75.4%	-$14.7M-220.2%	-$4.6M-403.6%	$1.5M-72.7%	$5.6M-97.4%	$210.2M+1947.3%	-$11.4M-129.9%	$38.0M+18110.9%	-$211K+91.3%	-$2.4M-102.5%	$96.6M+119.0%	$44.1M+5013.1%	-$898K+65.0%	-$2.6M
Share Buybacks	$892K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2640-F	Q2'2610-Q	Q4'2540-F	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q
Operating Cash Flow	N/A	$63.3M+82.7%	N/A	$34.7M-33.4%	N/A	$52.0M+12.1%	N/A	$46.4M+0.1%
Depreciation & Amortization	N/A	$22.0M+17.0%	N/A	$18.8M+11.6%	N/A	$16.8M-3.1%	N/A	$17.4M+7.3%
Stock-Based Compensation	N/A	$4.5M-19.2%	N/A	$5.5M+23.7%	N/A	$4.5M+19.1%	N/A	$3.7M+23.9%
Capital Expenditures	N/A	$1.2M-21.3%	N/A	$1.6M-27.7%	N/A	$2.2M+22.1%	N/A	$1.8M+89.8%
Free Cash Flow	N/A	$62.1M+87.7%	N/A	$33.1M-33.6%	N/A	$49.8M+11.7%	N/A	$44.6M-1.8%
Investing Cash Flow	N/A	-$3.5M+77.0%	N/A	-$15.3M-602.7%	N/A	-$2.2M+96.5%	N/A	-$62.9M-13.6%
Financing Cash Flow	N/A	$3.6M+161.2%	N/A	-$5.9M-3.2%	N/A	-$5.8M-12.7%	N/A	-$5.1M-2241.3%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

DSGX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DSGX quarterly financial ratios

Metric	FY2640-F	FY2540-F	FY2440-F	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	77.1%+1.4pp	75.6%-0.2pp	75.9%-0.8pp	76.7%+0.7pp	76.0%+1.8pp	74.2%+0.5pp	73.7%+0.9pp	72.8%-0.4pp	73.2%+0.7pp	72.5%+1.6pp	70.9%+3.0pp	67.9%+0.3pp	67.6%+1.0pp	66.6%+0.2pp	66.4%
Operating Margin	28.8%+1.0pp	27.8%+2.9pp	24.9%-1.9pp	26.8%+2.5pp	24.4%+3.9pp	20.5%+4.4pp	16.0%+1.0pp	15.1%-0.1pp	15.1%+0.1pp	15.1%-0.1pp	15.2%+2.0pp	13.2%+3.5pp	9.7%-3.9pp	13.6%+0.2pp	13.4%
Net Margin	22.5%+0.5pp	22.0%+1.8pp	20.2%-0.8pp	21.0%+0.7pp	20.3%+5.4pp	14.9%+3.6pp	11.4%0.0pp	11.4%+0.1pp	11.3%-0.4pp	11.7%+0.6pp	11.1%+2.3pp	8.8%+2.5pp	6.3%-6.3pp	12.6%+2.1pp	10.5%
Return on Equity	10.1%-0.2pp	10.3%+1.0pp	9.4%+0.1pp	9.3%+0.7pp	8.6%+2.9pp	5.7%+1.2pp	4.5%-1.4pp	5.9%+0.5pp	5.4%-0.1pp	5.5%+0.4pp	5.1%+1.2pp	3.9%0.0pp	3.8%-2.9pp	6.7%+1.2pp	5.5%
Return on Assets	8.6%-0.1pp	8.7%+0.8pp	7.9%+0.1pp	7.8%+0.5pp	7.3%+2.4pp	4.9%+1.0pp	3.9%-0.9pp	4.8%+0.5pp	4.3%-0.5pp	4.8%+0.2pp	4.5%+1.2pp	3.4%+0.6pp	2.8%-3.0pp	5.8%+1.2pp	4.6%
Current Ratio	2.16+0.5x	1.62-0.4x	2.05-0.1x	2.11-0.1x	2.19+0.2x	1.95+0.8x	1.13+0.1x	1.03-0.1x	1.11-0.2x	1.35-0.5x	1.87-2.0x	3.92+1.4x	2.49-0.4x	2.85-1.2x	4.04
Debt-to-Equity	0.170.0x	0.190.0x	0.190.0x	0.200.0x	0.190.0x	0.170.0x	0.15+0.1x	0.050.0x	0.07-0.1x	0.160.0x	0.130.0x	0.140.0x	0.130.0x	0.160.0x	0.18
Asset Turnover	0.380.0x	0.400.0x	0.390.0x	0.370.0x	0.360.0x	0.330.0x	0.35-0.1x	0.420.0x	0.380.0x	0.410.0x	0.410.0x	0.38-0.1x	0.440.0x	0.460.0x	0.44
FCF Margin	35.7%+3.1pp	32.6%-2.6pp	35.3%-3.1pp	38.3%-2.0pp	40.3%+3.8pp	36.6%+6.1pp	30.5%+4.0pp	26.5%-1.8pp	28.2%-5.0pp	33.2%+6.2pp	27.0%-0.4pp	27.4%+0.8pp	26.6%+5.4pp	21.2%+4.3pp	16.8%

Metric	Q4'2640-F	Q2'2610-Q	Q4'2540-F	Q2'2510-Q	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q2'2310-Q
Gross Margin	N/A	76.9%+1.7pp	N/A	75.2%-0.4pp	N/A	75.6%-0.9pp	N/A	76.5%+0.9pp
Operating Margin	N/A	26.8%-1.3pp	N/A	28.1%+2.4pp	N/A	25.7%0.0pp	N/A	25.7%+0.7pp
Net Margin	N/A	21.1%-0.1pp	N/A	21.2%+1.6pp	N/A	19.6%+1.0pp	N/A	18.6%-3.5pp
Return on Equity	N/A	2.5%-0.1pp	N/A	2.6%+0.2pp	N/A	2.4%+0.2pp	N/A	2.2%-0.2pp
Return on Assets	N/A	2.2%-0.1pp	N/A	2.2%+0.2pp	N/A	2.0%+0.2pp	N/A	1.8%
Current Ratio	2.16+0.5x	1.70-0.1x	1.62-0.4x	1.79+0.2x	2.05-0.1x	1.59-0.1x	2.11-0.1x	1.74
Debt-to-Equity	0.170.0x	0.170.0x	0.190.0x	0.190.0x	0.190.0x	0.210.0x	0.200.0x	0.20
Asset Turnover	N/A	0.100.0x	N/A	0.100.0x	N/A	0.100.0x	N/A	0.10
FCF Margin	N/A	34.5%+14.3pp	N/A	20.2%-14.5pp	N/A	34.8%-1.5pp	N/A	36.3%-7.2pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Descartes Systems Group Inc DSGX	FY2026	$729.0M	$163.8M	22.5%	$6.8B	80/100
Pegasystems Inc PEGA	FY2025	$1.7B	$393.4M	22.5%	$5.6B	60/100
Paylocity Holding Corporation PCTY	FY2026	$1.8B	$269.7M	15.2%	$7.9B	75/100
NICE Ltd NICE	FY2025	$2.9B	$612.1M	20.8%	$6.8B	72/100
monday.com Ltd. MNDY	FY2025	$1.2B	$118.7M	9.6%	$3.5B	62/100

Where Descartes Systems Group Inc Ranks

Frequently Asked Questions

What is Descartes Systems Group Inc's annual revenue?

Descartes Systems Group Inc (DSGX) reported $729.0M in total revenue for fiscal year 2026. This represents a 12.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Descartes Systems Group Inc's revenue growing?

Descartes Systems Group Inc (DSGX) revenue grew by 12.0% year-over-year, from $651.0M to $729.0M in fiscal year 2026.

Is Descartes Systems Group Inc profitable?

Yes, Descartes Systems Group Inc (DSGX) reported a net income of $163.8M in fiscal year 2026, with a net profit margin of 22.5%.

What is Descartes Systems Group Inc's EBITDA?

Descartes Systems Group Inc (DSGX) had EBITDA of $297.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Descartes Systems Group Inc's gross margin?

Descartes Systems Group Inc (DSGX) had a gross margin of 77.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Descartes Systems Group Inc's operating margin?

Descartes Systems Group Inc (DSGX) had an operating margin of 28.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Descartes Systems Group Inc's net profit margin?

Descartes Systems Group Inc (DSGX) had a net profit margin of 22.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Descartes Systems Group Inc's return on equity (ROE)?

Descartes Systems Group Inc (DSGX) has a return on equity of 10.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Descartes Systems Group Inc's free cash flow?

Descartes Systems Group Inc (DSGX) generated $260.5M in free cash flow during fiscal year 2026. This represents a 22.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Descartes Systems Group Inc's operating cash flow?

Descartes Systems Group Inc (DSGX) generated $266.2M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Descartes Systems Group Inc's total assets?

Descartes Systems Group Inc (DSGX) had $1.9B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Descartes Systems Group Inc's capital expenditures?

Descartes Systems Group Inc (DSGX) invested $5.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Descartes Systems Group Inc spend on research and development?

Descartes Systems Group Inc (DSGX) invested $105.3M in research and development during fiscal year 2026.

Does Descartes Systems Group Inc buy back shares?

Yes, Descartes Systems Group Inc (DSGX) spent $892K on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Descartes Systems Group Inc have outstanding?

Descartes Systems Group Inc (DSGX) had 86M shares outstanding as of fiscal year 2026.

What is Descartes Systems Group Inc's current ratio?

Descartes Systems Group Inc (DSGX) had a current ratio of 2.16 as of fiscal year 2026, which is generally considered healthy.

What is Descartes Systems Group Inc's debt-to-equity ratio?

Descartes Systems Group Inc (DSGX) had a debt-to-equity ratio of 0.17 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Descartes Systems Group Inc's return on assets (ROA)?

Descartes Systems Group Inc (DSGX) had a return on assets of 8.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Descartes Systems Group Inc's P/E ratio?

Descartes Systems Group Inc (DSGX) trades at 41.8x earnings, its market capitalization divided by net income of $163.8M net income, FY2026. The market capitalization is $6.8B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Descartes Systems Group Inc's price-to-sales ratio?

Descartes Systems Group Inc (DSGX) trades at 9.4x sales, its market capitalization divided by revenue of $729.0M revenue, FY2026. The market capitalization is $6.8B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Descartes Systems Group Inc's Altman Z-Score?

Descartes Systems Group Inc (DSGX) has an Altman Z-Score of 16.15, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Descartes Systems Group Inc's Piotroski F-Score?

Descartes Systems Group Inc (DSGX) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Descartes Systems Group Inc's earnings high quality?

Descartes Systems Group Inc (DSGX) has an earnings quality ratio of 1.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Descartes Systems Group Inc cover its interest payments?

Descartes Systems Group Inc (DSGX) has an interest coverage ratio of 217.14x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Descartes Systems Group Inc?

Descartes Systems Group Inc (DSGX) scores 80 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.