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The Descartes Systems Group
(TSX:DSG)
The Descartes Systems Group (DSG) vs. iShares MSCI Canada ETF (EWC)
The Descartes Systems Group Business Overview & Revenue Model
The Descartes Systems Group Earnings Call Summary
The Descartes Systems Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 684.78M | 651.00M | 572.93M | 486.01M | 424.69M | 348.66M |
| Gross Profit | 520.83M | 492.43M | 434.64M | 372.69M | 322.88M | 258.75M |
| EBITDA | 277.90M | 267.63M | 218.49M | 200.30M | 167.96M | 133.22M |
| Net Income | 148.19M | 143.27M | 115.91M | 102.24M | 86.28M | 52.10M |
Balance Sheet | ||||||
| Total Assets | 1.76B | 1.62B | 1.47B | 1.32B | 1.19B | 1.06B |
| Cash, Cash Equivalents and Short-Term Investments | 241.46M | 231.92M | 319.07M | 276.21M | 213.48M | 133.35M |
| Total Debt | 7.97M | 7.75M | 6.94M | 7.32M | 11.41M | 13.03M |
| Total Liabilities | 257.02M | 257.69M | 234.86M | 216.52M | 185.65M | 151.83M |
| Stockholders Equity | 1.51B | 1.36B | 1.23B | 1.10B | 1.00B | 908.96M |
Cash Flow | ||||||
| Free Cash Flow | 231.31M | 212.53M | 202.12M | 186.32M | 171.31M | 127.47M |
| Operating Cash Flow | 237.81M | 219.27M | 207.68M | 192.40M | 176.14M | 131.23M |
| Investing Cash Flow | -257.60M | -296.95M | -148.26M | -121.63M | -95.11M | -52.16M |
| Financing Cash Flow | 5.53M | -3.63M | -14.74M | -4.60M | 1.52M | 5.56M |
The Descartes Systems Group Technical Analysis
The Descartes Systems Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $11.57B | 56.99 | 10.54% | ― | 15.63% | 18.47% | |
| ― | C$1.15B | 15.40 | 12.56% | 6.45% | 0.03% | -10.21% | |
| ― | $13.52B | 23.99 | 10.73% | 2.68% | -7.77% | -1.03% | |
| ― | C$5.08B | 146.89 | 5.93% | ― | 15.81% | 22.17% | |
| ― | $1.11B | 39.13 | 55.53% | ― | 18.51% | 32.49% | |
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | C$9.03B | 70.31 | 13.65% | ― | 29.39% | ― |
The Descartes Systems Group Corporate Events
Descartes Systems Group announced that its ecommerce warehouse management system is being utilized by Switzerland’s ESPAS and Germany’s Steinehelden to significantly enhance ecommerce fulfillment productivity by 500%. The solution is particularly beneficial in integrating workers with disabilities into the workforce by providing a user-friendly interface and customizable workflows. This has led to reduced error rates, increased customer satisfaction, and improved employee confidence and responsibility. The deployment of Descartes’ solution addresses workforce challenges in the logistics industry, supporting recruitment and retention strategies by facilitating access to the labor market for all individuals.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$151.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Descartes Systems Group announced that CPGIO, an Illinois-based third-party logistics provider, has achieved significant growth using Descartes’ ecommerce inventory and order management solution. By centralizing and streamlining its multichannel distribution, CPGIO increased its order capacity fivefold, expanding into new markets and maintaining its competitive position on platforms like Amazon. This development underscores Descartes’ role in enhancing operational efficiency and enabling rapid market expansion for businesses in the ecommerce sector.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$121.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Givaudan, a leader in fragrance and beauty, has implemented Descartes Systems Group’s denied party screening solution to automate compliance with international trade regulations. This move enhances Givaudan’s global compliance framework, improves operational efficiency, and strengthens its ethical business practices by automating real-time screening of business partners against denied and sanctioned party lists. The solution, part of Descartes’ Global Trade Intelligence software suite, allows Givaudan to reduce manual compliance checks and focus on strategic operations, mitigating regulatory and reputational risks. This collaboration highlights the importance of automated compliance tools in maintaining supply chain agility and integrity in a complex trade environment.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$121.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Crystal Art Gallery, a leading supplier of art and home décor products, has significantly enhanced its ecommerce fulfillment capabilities using Descartes Sellercloud™. By integrating Descartes’ warehouse management system, Crystal Art Gallery centralized its operations, boosting order fulfillment by five times and reducing shipping costs. This strategic move allows the company to efficiently manage its extensive inventory across multiple sales channels, including major retailers and online marketplaces. Descartes’ ecommerce platform supports small to mid-market businesses in streamlining operations and adapting quickly to market changes, thereby enhancing their competitive edge.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$161.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Descartes Systems Group’s 9th Annual Global Transportation Management Benchmark Survey reveals that transportation management is increasingly seen as a strategic asset, with 81% of shippers and logistics services providers viewing it as a competitive advantage. Despite this, there remains a significant gap in automation, with only 17% of respondents fully automated. The study highlights a strong trend towards the adoption of generative AI, with 96% of companies using it for tasks like data entry and route optimization. The survey also indicates a positive growth outlook, with 72% of respondents expecting at least a 5% annual revenue growth over the next two years, driven by increased investment in transportation management systems.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$170.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Descartes Systems Group has announced that Customs Assured, a UK-based customs consultancy, has achieved a 30% productivity gain by using Descartes e-Customs™ integrated with AiDock’s AI technology. This collaboration streamlines and automates the customs documentation process, reducing manual tasks and increasing accuracy and transparency for clients. The solution allows Customs Assured to handle more clients with a greater focus on compliance, demonstrating the impact of AI and automation in enhancing operational efficiency and service delivery in the customs sector.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$170.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
The Descartes Systems Group Inc. recently held its earnings call, showcasing a largely positive sentiment. The company highlighted record revenues, strong performance across key business segments, and successful acquisitions, all contributing to a robust financial position. However, challenges in transactional revenue growth and broader market uncertainties were noted as ongoing concerns impacting customer confidence and decision-making.
The Descartes Systems Group Inc. is a technology company specializing in logistics and supply chain management solutions, offering cloud-based services to enhance productivity, security, and sustainability for logistics-intensive businesses. In its latest earnings report for the second quarter of fiscal 2026, Descartes reported a significant increase in total revenues, reaching $179.8 million compared to $163.4 million in the same period of the previous year. This growth was driven by contributions from recent acquisitions and an increase in services revenues from new and existing customers. Key financial metrics showed a robust performance, with a gross margin of 77% and net income rising to $38.0 million from $34.7 million in the previous year. The company also highlighted strategic acquisitions, including 3GTMS, PackageRoute, and Finale, which are expected to bolster its service offerings and market reach. Looking ahead, Descartes remains focused on expanding its logistics technology platform and enhancing its global trade intelligence solutions to meet the evolving needs of its customers in a dynamic market environment.
The Descartes Systems Group reported record revenues and income for its fiscal 2026 second quarter, with revenues reaching $179.8 million, marking a 10% increase from the previous year. Despite challenging market conditions, the company saw significant growth in services revenues and cash from operations, highlighting its strong positioning as a trusted provider in the logistics technology sector.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$126.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Golf Superstore, a Chattanooga-based retailer specializing in golfing equipment and recognized by Golf Digest as a top 100 fitter, has adopted Descartes Sellercloud™ integrated with its Lightspeed POS system to streamline its omnichannel operations. This integration allows Golf Superstore to manage inventory, orders, and product listings across multiple sales channels more efficiently, enhancing productivity and eliminating overselling. Descartes Sellercloud provides a comprehensive ecommerce ecosystem with over 350 integrations, enabling small and mid-market retailers to centralize their ecommerce operations and expand their business efficiently.
The most recent analyst rating on (TSE:DSG) stock is a Hold with a C$147.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Descartes Systems Group has been recognized as the top provider of cloud-based transportation management systems (TMS) and fleet management solutions in ARC Advisory Group’s Global Market Research report. This acknowledgment highlights Descartes’ leadership in several industries, including wholesale and distribution, home improvement, and retail. The recognition underscores the company’s strategic investments in SaaS-based solutions, including recent acquisitions to expand their carrier reach and enhance domestic transportation management. The report also indicates a growing demand for real-time visibility solutions, with SaaS-based TMS providers like Descartes experiencing significant growth.
The most recent analyst rating on (TSE:DSG) stock is a Hold with a C$118.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Descartes Systems Group has launched Descartes Visual Compliance AI Assist, an AI-enabled solution designed to reduce false positives in denied party screening. This advancement aims to enhance trade compliance by minimizing unnecessary reviews and delays caused by benign matches, thereby improving productivity and compliance performance. The solution offers advanced AI-driven compliance support, configurable risk levels, and built-in audit and reporting features, helping businesses navigate complex global trade regulations more efficiently.
The most recent analyst rating on (TSE:DSG) stock is a Hold with a C$118.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Descartes Systems Group has acquired Finale Inventory, a U.S.-based provider of cloud-based inventory management solutions, for approximately $40 million. This acquisition aims to enhance Descartes’ multi-channel inventory management capabilities, particularly for ecommerce businesses of all sizes. Finale Inventory’s solutions allow ecommerce sellers to maintain accurate stock levels across various sales and fulfillment channels, helping them scale effectively while avoiding common pitfalls like overselling and backorders. This move is expected to strengthen Descartes’ ecommerce solution suite, complementing its existing investments in inventory, order, warehouse, and shipping management, and furthering its mission to support ecommerce businesses through all growth phases.
The most recent analyst rating on (TSE:DSG) stock is a Hold with a C$118.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Descartes Systems Group has announced that it will release its second quarter fiscal 2026 financial results on September 03, 2025, after market close. The company will host a conference call to discuss these results, which will also be available via an audio webcast on their website. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$108.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
Grupo Petrópolis, a major Brazilian beverage company, has adopted Descartes Systems Group’s routing and fleet management solution to optimize its nationwide distribution network. The implementation has led to significant improvements, including a 98% on-time delivery rate, reduced overtime hours, and decreased fuel consumption, thereby enhancing operational efficiency and sustainability. This collaboration underscores the potential of advanced routing solutions to transform complex distribution operations into efficient and customer-focused logistics systems, offering benefits such as improved route productivity and accelerated cash flow.
The most recent analyst rating on (TSE:DSG) stock is a Hold with a C$118.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.