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The Descartes Systems Group Inc. (DSG.TO)

CAD100.30 -2.70 (-2.62%)
CA TSX Technology Software - Application
Address 120 Randall Drive N2V 1C6
Waterloo, ON, CA
CEO Edward J. Ryan
Website descartes.com
IPO 1998-06-03
ISIN CA2499061083

Explore sections of this company profile

Also trades on NASDAQ Global Select · DSGX (USD) Toronto Stock Exchange · DSG.TO (CAD)
Description

Descartes Systems Group Inc. provides cloud-hosted solutions specifically designed for managing logistics and supply chain operations. Its core mission is to enhance the productivity, overall performance, and security for businesses worldwide that operate with intensive logistics demands. The company's proprietary Logistics Technology platform offers a versatile collection of modular, cloud-based, and interoperable web and mobile applications for logistics oversight. This platform effectively connects a diverse community of logistics-focused stakeholders, enabling them to conduct business transactions effortlessly. Descartes' extensive suite of offerings includes tools for route optimization, mobile operations, and telematics; comprehensive transportation management and e-commerce integration; services for customs and regulatory compliance; global trade data insights; worldwide logistics network connectivity; and specialized enterprise systems for brokers and freight forwarders. Leveraging its flexible Software-as-a-Service (SaaS) and data-driven solutions, customers gain the ability to efficiently plan, schedule, monitor, and evaluate their delivery resources; orchestrate and execute shipments; process, audit, and settle transportation invoices; access and analyze global trade information; research and calculate trade tariffs and duties; file customs and security documentation for imports and exports; and manage a wide array of other logistics processes. Additionally, Descartes supplies cloud-based e-commerce warehouse management solutions, alongside a full range of consulting, implementation, and training services, as well as ongoing maintenance and support. The company primarily serves transportation and logistics service providers, distribution-intensive enterprises, manufacturers, retailers, distributors, and mobile business service providers. Founded in 1981, Descartes Systems Group Inc. is headquartered in Waterloo, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD100.30 -2.70 (-2.62%)
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Volume Profile
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Liquidity & share structure
Average Volume
323.9K
Beta
0.22
Float Shares
85.66M
Free Float %
99.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.81% +0.30% +4.93% +7.99% -17.90% -12.55% -23.46% +4.77% +34.95% +295.72% +942.57%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (15 ratings, all time) Buy
Price Targets & DCF
Current price
100.30
DCF (Unlevered) 591.94 +490.2%
DCF (Levered) 516.07 +414.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 93% Bullish
Rating 2026-05 Change
Strong Buy 6 0
Buy 7 0
Hold 1 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
14.74
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Software - Application: +13.0%
    +14.2% ★ Q2'26: +15.7% (vs Q2'25)
  • ✓
    EPS growth Software - Application: +28.6%
    +15.9% Q2'26: +36.6% (vs Q2'25)
  • ✓
    FCF margin FCF growth · Software - Application: +45.3%
    +33.7% Q2'26: +37.5% (vs Q2'25)
  • ✓
    EBIT margin Software - Application: +9.4%
    +32.3% ★ Q2'26: +33.3% (vs Q2'25)
  • ✗
    ROIC Software - Application: +7.5%
    +14.4% ★ Q2'26: +15.3% (vs Q2'25)
  • ✗
    Share dilution Software - Application: +0.0%
    +0.3% Q2'26: -0.2% (vs Q2'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    0.03× Q2'26: 0.02× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.22) × ERP
WACC = 100% × Ke + 0% × Kd (11.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 593.23 Current price: 100.30
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jan 2005
actual 		Jan 2006
actual 		Jan 2007
actual 		Jan 2008
actual 		Jan 2009
actual 		Jan 2010
actual 		Jan 2011
actual 		Jan 2012
actual 		Jan 2013
actual 		Jan 2014
actual 		Jan 2015
actual 		Jan 2016
actual 		Jan 2017
actual 		Jan 2018
actual 		Jan 2019
actual 		Jan 2020
actual 		Jan 2021
actual 		Jan 2022
actual 		Jan 2023
actual 		Jan 2024
actual 		Jan 2025
actual 		Jan 2026
12 Rev. Ana.
6 EPS Ana. 		Jan 2027
12 Rev. Ana.
8 EPS Ana. 		Jan 2028
12 Rev. Ana.
8 EPS Ana. 		Jan 2029
4 Rev. Ana.
3 EPS Ana. 		Jan 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
46.40M
est: 47.10M (-1.5%)
45.73M
est: 46.28M (-1.2%)
51.99M
est: 52.50M (-1.0%)
59.03M
est: 59.63M (-1.0%)
66.04M
est: 67.40M (-2.0%)
73.77M
est: 74.68M (-1.2%)
99.18M
est: 100.60M (-1.4%)
113.99M
est: 115.34M (-1.2%)
126.88M
est: 128.38M (-1.2%)
151.29M
est: 152.77M (-1.0%)
170.86M
est: 197.28M (-13.4%)
184.99M
est: 253.77M (-27.1%)
203.78M
est: 271.72M (-25.0%)
237.44M
est: 301.78M (-21.3%)
275.17M
est: 364.99M (-24.6%)
325.79M
est: 430.46M (-24.3%)
348.66M
est: 439.91M (-20.7%)
424.69M
est: 540.59M (-21.4%)
486.01M
est: 652.81M (-25.6%)
572.93M
est: 437.92M (+30.8%)
651.00M
est: 630.87M (+3.2%)
734.36M
731.06M – 735.93M
+16.4% YoY
828.58M
820.93M – 835.62M
+12.8% YoY
920.90M
895.73M – 935.66M
+11.1% YoY
1.03B
1.01B – 1.04B
+12.1% YoY
1.17B
1.15B – 1.18B
+13.4% YoY
EBITDA
-32.89M
est: 18.67M (-276.2%)
30.70M
est: 45.27M (-32.2%)
10.45M
est: 51.36M (-79.6%)
13.32M
est: 58.35M (-77.2%)
15.93M
est: 65.94M (-75.8%)
15.18M
est: 73.06M (-79.2%)
21.84M
est: 98.40M (-77.8%)
29.86M
est: 112.64M (-73.5%)
34.35M
est: 125.50M (-72.6%)
36.12M
est: 149.34M (-75.8%)
47.92M
est: 170.31M (-71.9%)
57.89M
est: 49.80M (+16.2%)
65.74M
est: 62.59M (+5.0%)
73.62M
est: 76.73M (-4.0%)
86.36M
est: 83.64M (+3.3%)
113.97M
est: 97.39M (+17.0%)
133.22M
est: 110.80M (+20.2%)
167.96M
est: 124.28M (+35.1%)
200.30M
est: 150.06M (+33.5%)
218.49M
est: 212.52M (+2.8%)
267.63M
est: 305.73M (-12.5%)
356.38M
354.78M – 357.15M
+16.6% YoY
402.11M
398.40M – 405.53M
+12.8% YoY
446.92M
434.70M – 454.08M
+11.1% YoY
500.81M
491.42M – 507.05M
+12.1% YoY
567.82M
557.16M – 574.89M
+13.4% YoY
EBIT
-39.75M
est: 12.14M (-427.4%)
25.66M
est: 22.18M (+15.7%)
5.47M
est: 25.16M (-78.3%)
7.25M
est: 28.59M (-74.6%)
8.56M
est: 32.31M (-73.5%)
6.38M
est: 35.80M (-82.2%)
7.95M
est: 48.21M (-83.5%)
15.40M
est: 55.19M (-72.1%)
17.27M
est: 61.49M (-71.9%)
14.73M
est: 73.17M (-79.9%)
22.91M
est: 83.45M (-72.5%)
28.29M
est: 24.40M (+15.9%)
32.11M
est: 30.83M (+4.1%)
36.05M
est: 35.72M (+0.9%)
41.64M
est: 41.75M (-0.3%)
52.45M
est: 49.04M (+7.0%)
71.56M
est: 54.97M (+30.2%)
103.73M
est: 61.66M (+68.2%)
134.90M
est: 74.45M (+81.2%)
152.52M
est: 175.67M (-13.2%)
192.64M
est: 252.72M (-23.8%)
294.59M
293.27M – 295.22M
+16.6% YoY
332.39M
329.32M – 335.21M
+12.8% YoY
369.42M
359.33M – 375.34M
+11.1% YoY
413.98M
406.21M – 419.13M
+12.1% YoY
469.36M
460.56M – 475.21M
+13.4% YoY
Net Income
-55.33M
est: -100.18M (+44.8%)
2.99M
est: 14.80M (-79.8%)
3.99M
est: 16.79M (-76.2%)
22.44M
est: 19.07M (+17.7%)
20.47M
est: 21.55M (-5.0%)
14.35M
est: 23.88M (-39.9%)
11.54M
est: 32.16M (-64.1%)
12.03M
est: 36.81M (-67.3%)
16.00M
est: 41.02M (-61.0%)
9.61M
est: 48.81M (-80.3%)
15.06M
est: 55.66M (-72.9%)
20.56M
est: 16.28M (+26.3%)
23.84M
est: 22.56M (+5.6%)
26.88M
est: 27.74M (-3.1%)
31.28M
est: 31.27M (+0.0%)
37.00M
est: 37.01M (0.0%)
52.10M
est: 38.92M (+33.9%)
86.28M
est: 43.65M (+97.7%)
102.24M
est: 52.71M (+94.0%)
115.91M
est: 94.23M (+23.0%)
143.27M
est: 138.09M (+3.7%)
162.34M
159.03M – 165.64M
+17.6% YoY
194.40M
163.09M – 225.71M
+19.7% YoY
231.57M
197.98M – 265.17M
+19.1% YoY
270.56M
254.10M – 287.03M
+16.8% YoY
326.74M
318.77M – 332.03M
+20.8% YoY
SGA
32.30M
est: 10.19M (+217.0%)
16.22M
est: 40.03M (-59.5%)
17.19M
est: 45.41M (-62.2%)
16.95M
est: 51.59M (-67.1%)
18.28M
est: 58.30M (-68.6%)
22.79M
est: 64.60M (-64.7%)
25.13M
est: 87.00M (-71.1%)
27.28M
est: 99.59M (-72.6%)
29.46M
est: 110.96M (-73.5%)
37.19M
est: 132.03M (-71.8%)
40.74M
est: 150.58M (-72.9%)
44.03M
est: 44.03M (0.0%)
48.02M
est: 48.32M (-0.6%)
58.58M
est: 55.88M (+4.8%)
66.89M
est: 68.15M (-1.9%)
75.02M
est: 79.15M (-5.2%)
75.05M
est: 80.49M (-6.8%)
91.35M
est: 90.28M (+1.2%)
106.28M
est: 109.01M (-2.5%)
125.53M
est: 92.70M (+35.4%)
138.94M
est: 133.35M (+4.2%)
155.45M
154.75M – 155.78M
+16.6% YoY
175.39M
173.77M – 176.88M
+12.8% YoY
194.94M
189.61M – 198.06M
+11.1% YoY
218.44M
214.35M – 221.17M
+12.1% YoY
247.67M
243.02M – 250.76M
+13.4% YoY
EPS
-1.36
est: -1.15 (-18.5%)
0.07
est: 0.06 (+15.7%)
0.09
est: 0.17 (-45.7%)
0.44
est: 0.21 (+110.1%)
0.38
est: 0.17 (+122.8%)
0.26
est: 0.33 (-21.7%)
0.19
est: 0.42 (-55.0%)
0.19
est: 0.52 (-63.8%)
0.26
est: 0.54 (-51.5%)
0.15
est: 0.13 (+15.5%)
0.21
est: 0.65 (-67.8%)
0.27
est: 0.81 (-66.8%)
0.31
est: 0.44 (-29.0%)
0.35
est: 0.46 (-23.6%)
0.41
est: 0.55 (-25.0%)
0.45
est: 0.57 (-21.6%)
0.62
est: 0.72 (-14.0%)
1.02
est: 1.30 (-21.8%)
1.21
est: 1.52 (-20.4%)
1.34
est: 1.08 (+24.0%)
1.68
est: 1.58 (+6.1%)
1.86
1.82 – 1.89
+17.6% YoY
2.37
1.86 – 2.58
+27.1% YoY
2.72
2.26 – 3.03
+15.1% YoY
3.05
2.90 – 3.28
+12.1% YoY
3.73
3.64 – 3.79
+22.2% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-06-04 Loop Capital Buy Buy Maintain
2026-04-16 Rothschild & Co Neutral Buy Upgrade
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-05 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-06-04 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-06-03 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-06-02 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-06-01 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-28 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-27 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-26 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-25 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-22 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-21 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-20 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-19 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-15 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-14 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-13 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-12 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-11 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-08 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-07 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-06 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-05 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-04 A 4/5 5/5 4/5 5/5 4/5 2/5 2/5
2026-05-01 A- 4/5 5/5 3/5 5/5 4/5 2/5 2/5
2026-04-30 A- 4/5 5/5 3/5 5/5 4/5 2/5 2/5
2026-04-29 A- 4/5 5/5 3/5 4/5 4/5 2/5 2/5
2026-04-28 A- 4/5 5/5 3/5 4/5 4/5 2/5 2/5
2026-04-27 A- 4/5 5/5 3/5 4/5 4/5 2/5 2/5
2026-04-24 B+ 3/5 5/5 3/5 4/5 3/5 2/5 2/5
2026-04-23 B+ 3/5 5/5 3/5 4/5 3/5 2/5 2/5
2026-04-22 B+ 3/5 5/5 3/5 4/5 3/5 2/5 2/5
2026-04-21 B+ 3/5 5/5 3/5 4/5 3/5 2/5 2/5
2026-04-20 B+ 3/5 5/5 3/5 4/5 3/5 2/5 2/5
2026-04-17 B+ 3/5 5/5 3/5 4/5 3/5 2/5 2/5
2026-04-16 B+ 3/5 5/5 3/5 4/5 3/5 2/5 2/5
2026-04-15 B+ 3/5 5/5 3/5 4/5 3/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
265.18M
OE per share TTM
3.03
Owner's Yield
2.93%
Maintenance CapEx ratio
0.57%
Maint CapEx / Avg PPE
4.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
179.9K
Shares Outstanding
86.02M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Edward J. Ryan Chief Executive Officer & Director 2M male
John Scott Pagan President & Chief Operating Officer 2M male
Allan J. Brett Advisor 2M male
William Green Executive Vice President of Global Sales 1M male
Edward James Gardner Chief Financial Officer 562.3K male
Kenneth Edward Wood Executive Vice President of Product Management 510.7K male
Raimond Diederik Executive Vice President of Information Services 247.7K male
Peter Nguyen Senior Vice President of Legal, General Counsel, Corporate Secretary & Compliance Officer — male
Robert Parker Executive Vice President of Customer Support & Client Services — male
William Chad Murphy Executive Vice President of Professional Services — male
Maija Michell Senior Vice President of Human Resources — female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits

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