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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 651.00M | 572.93M | 486.01M | 424.69M | 348.66M |
| Gross Profit | 492.43M | 434.64M | 372.69M | 322.88M | 258.75M |
| EBITDA | 263.58M | 218.49M | 200.30M | 167.96M | 133.22M |
| Net Income | 143.27M | 115.91M | 102.24M | 86.28M | 52.10M |
Balance Sheet | |||||
| Total Assets | 1.65B | 1.47B | 1.32B | 1.19B | 1.06B |
| Cash, Cash Equivalents and Short-Term Investments | 236.14M | 320.95M | 276.38M | 213.44M | 133.66M |
| Total Debt | 7.90M | 6.98M | 7.32M | 11.41M | 13.06M |
| Total Liabilities | 262.38M | 236.25M | 216.65M | 185.61M | 152.19M |
| Stockholders Equity | 1.39B | 1.24B | 1.10B | 999.82M | 911.07M |
Cash Flow | |||||
| Free Cash Flow | 212.53M | 202.12M | 186.32M | 171.31M | 127.47M |
| Operating Cash Flow | 219.27M | 207.68M | 192.40M | 176.14M | 131.23M |
| Investing Cash Flow | -296.95M | -148.26M | -121.63M | -95.11M | -52.16M |
| Financing Cash Flow | -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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $11.63B | 58.67 | 10.66% | ― | 17.42% | 22.81% | |
61 Neutral | $35.62B | 7.50 | -10.94% | 1.87% | 8.86% | -10.27% | |
| ― | $8.19B | 19.49 | 10.73% | 3.18% | ― | ― | |
70 Outperform | C$5.37B | 154.71 | 5.93% | ― | 15.81% | 22.17% | |
| ― | $898.10M | 15.93 | 13.26% | 4.84% | ― | ― | |
| ― | $899.39M | 42.81 | 55.53% | ― | ― | ― | |
56 Neutral | C$12.24B | 95.28 | 13.65% | ― | 29.39% | ― |
The Descartes Systems Group Corporate Events
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.
Descartes Systems Group has launched Descartes MacroPoint™ FraudGuard 2.0, an advanced solution for combating freight fraud in the transportation industry. This release enhances freight visibility and protection with real-time risk alerting and automated in-transit monitoring, helping shippers, freight brokers, and third-party logistics providers to better safeguard their operations against fraud and cargo theft. By offering new capabilities for evaluating carrier legitimacy and monitoring shipments, the solution aims to improve compliance, reduce fraud-related losses, and protect the reputation and bottom line of its users.
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.
Walking Comfort, a Utah-based footwear retailer, has partnered with Descartes Systems Group to leverage Descartes Sellercloud™, a cloud-based ecommerce platform, to enhance their ecommerce operations. This collaboration has enabled Walking Comfort to streamline inventory and order management, reduce shipping costs by over 55%, and eliminate picking errors, thereby facilitating significant ecommerce growth. Descartes Sellercloud provides a comprehensive ecommerce ecosystem with over 350 integrations, allowing businesses to efficiently manage their operations across multiple sales channels.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$145.00 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 PackageRoute, a US-based provider of final-mile carrier solutions, for approximately $2 million. This acquisition aims to enhance Descartes’ capabilities in the final-mile delivery sector by integrating PackageRoute’s platform, which offers real-time visibility, route optimization, and fleet management for delivery service providers. The move is expected to provide substantial value to PackageRoute’s customers through Descartes’ existing GroundCloud solutions, further strengthening Descartes’ position in the logistics industry.
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 announced the results of its annual shareholders’ meeting, where a significant 90.35% of common shares were represented. All ten director nominees proposed by management were elected, and KPMG LLP was appointed as the auditor. Additionally, the ‘Say-On-Pay’ resolution was approved, reflecting strong shareholder support for the company’s executive compensation policies.
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.
The Descartes Systems Group announced record services revenues for the first quarter of fiscal 2026, with a 12% increase in total revenues compared to the same period last year. Despite a challenging economic environment, the company reported a net income increase of 4% and maintained a strong adjusted EBITDA margin of 45%, indicating robust operational performance and strategic growth in the logistics technology sector.
The most recent analyst rating on (TSE:DSG) stock is a Buy with a C$145.00 price target. To see the full list of analyst forecasts on The Descartes Systems Group stock, see the TSE:DSG Stock Forecast page.
ArrowXL, the UK’s largest two-person home delivery specialist, has implemented Descartes’ route planning and execution solution to optimize its last mile delivery operations. This strategic move allows ArrowXL to automate its route planning, increasing transportation capacity and minimizing CO2 emissions, thereby enhancing operational efficiency and sustainability. The integration of Descartes’ cloud-based solution not only improves route productivity and reduces costs but also supports ArrowXL in maintaining a high level of customer experience by offering more delivery slots and improving service levels.
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.
Descartes Systems Group’s annual ecommerce study reveals that younger consumers, particularly those aged 18-35, are significantly driving online buying growth despite a general slowdown in the ecommerce market. However, a notable 79% of these younger consumers have experienced delivery problems, highlighting a gap between consumer expectations and delivery performance. This dissatisfaction poses a risk to retailers and delivery partners as it could impact the potential lifetime customer value of this demographic. The study, conducted with 8,000 consumers across Europe and North America, aims to provide insights into ecommerce buying behaviors and home delivery performance, emphasizing the need for improved delivery experiences to meet consumer demands.
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.