Descartes Systems Group Inc. | Mid-cap | Technology
$99.29
-1.92%
| Descartes Systems Stock Comparison:
Descartes Systems vs SalesforceDescartes Systems vs IntuitDescartes Systems vs Paylocity HoldingDescartes Systems vs Altair EngineeringDescartes Systems vs Procore TechnologiesDescartes Systems vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Apr 2025

Income Metrics

Revenue 168.7M
Gross Profit 129.0M 76.44%
Operating Income 49.6M 29.42%
Net Income 36.2M 21.48%
EPS (Diluted) $0.41

Balance Sheet Metrics

Total Assets 1.7B
Total Liabilities 258.0M
Shareholders Equity 1.5B
Debt to Equity 0.18

Cash Flow Metrics

Operating Cash Flow 60.6M
Free Cash Flow 51.7M

Revenue & Profitability Trend

Descartes Systems Income Statement From 2021 to 2025

Metric20252024202320222021
Revenue i651.0M572.9M486.0M424.7M348.7M
Cost of Goods Sold i158.6M138.3M113.3M101.8M89.9M
Gross Profit i492.4M434.6M372.7M322.9M258.8M
Gross Margin % i75.6%75.9%76.7%76.0%74.2%
Operating Expenses
Research & Development i95.5M84.1M70.4M62.6M54.1M
Selling, General & Administrative i138.9M125.5M106.3M91.3M75.1M
Other Operating Expenses i-----
Total Operating Expenses i234.4M209.6M176.6M153.9M129.1M
Operating Income i188.6M164.5M135.9M109.9M73.7M
Operating Margin % i29.0%28.7%28.0%25.9%21.1%
Non-Operating Items
Interest Income i-----
Interest Expense i1.0M1.4M1.2M1.1M1.2M
Other Non-Operating Income4.0M-12.0M-980.0K-6.1M-2.2M
Pre-tax Income i191.6M151.2M133.7M102.6M70.4M
Income Tax i48.4M35.2M31.5M16.3M18.3M
Effective Tax Rate % i25.2%23.3%23.5%15.9%26.0%
Net Income i143.3M115.9M102.2M86.3M52.1M
Net Margin % i22.0%20.2%21.0%20.3%14.9%
Key Metrics
EBITDA i263.6M230.5M201.3M174.1M135.4M
EPS (Basic) i$1.68$1.36$1.21$1.02$0.62
EPS (Diluted) i$1.64$1.34$1.18$1.00$0.61
Basic Shares Outstanding i8544300085068000847910008459100084360000
Diluted Shares Outstanding i8544300085068000847910008459100084360000

Income Statement Trend

Descartes Systems Balance Sheet From 2021 to 2025

Metric20252024202320222021
Assets
Current Assets
Cash & Equivalents i236.1M321.0M276.4M213.4M133.7M
Short-term Investments i-----
Accounts Receivable i54.0M51.6M45.2M41.7M37.2M
Inventory i--759.0K868.0K429.0K
Other Current Assets45.5M33.5M25.4M22.0M16.9M
Total Current Assets i352.6M418.2M358.7M292.1M203.1M
Non-Current Assets
Property, Plant & Equipment i10.1M8.6M8.7M12.2M13.8M
Goodwill i2.2B1.8B1.6B1.4B1.4B
Intangible Assets i321.3M251.0M229.8M229.6M240.0M
Long-term Investments-----
Other Non-Current Assets28.7M26.8M33.7M33.6M30.8M
Total Non-Current Assets i1.3B1.1B957.4M893.4M860.2M
Total Assets i1.6B1.5B1.3B1.2B1.1B
Liabilities
Current Liabilities
Accounts Payable i20.6M17.5M10.6M10.6M8.0M
Short-term Debt i3.2M3.1M3.4M4.0M4.2M
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i217.0M203.6M169.6M133.4M104.3M
Non-Current Liabilities
Long-term Debt i4.7M3.9M3.9M7.4M8.9M
Deferred Tax Liabilities i34.1M21.1M35.4M35.5M29.4M
Other Non-Current Liabilities-----
Total Non-Current Liabilities i45.4M32.6M47.1M52.2M47.9M
Total Liabilities i262.4M236.3M216.7M185.6M152.2M
Equity
Common Stock i568.3M551.2M538.4M536.3M531.8M
Retained Earnings i364.0M220.8M104.8M2.6M-83.7M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i1.4B1.2B1.1B999.8M911.1M
Key Metrics
Total Debt i7.9M7.0M7.3M11.4M13.1M
Working Capital i135.5M214.6M189.1M158.6M98.8M

Balance Sheet Composition

Descartes Systems Cash Flow Statement From 2021 to 2025

Metric20252024202320222021
Operating Activities
Net Income i143.3M115.9M102.2M86.3M52.1M
Depreciation & Amortization i75.0M66.0M65.4M64.2M61.7M
Stock-Based Compensation i20.0M16.5M13.7M11.0M6.3M
Working Capital Changes i8.8M14.4M10.3M6.9M-1.1M
Operating Cash Flow i242.0M206.9M194.9M170.2M133.7M
Investing Activities
Capital Expenditures i-6.7M-5.6M-6.1M-4.8M-3.8M
Acquisitions i-290.2M-142.7M-115.6M-90.3M-48.4M
Investment Purchases i-----
Investment Sales i-----
Investing Cash Flow i-296.9M-148.3M-121.6M-95.1M-52.2M
Financing Activities
Share Repurchases i-----
Dividends Paid i-----
Debt Issuance i-----
Debt Repayment i-00-1.1M-10.8M
Financing Cash Flow i-3.6M-14.7M-4.6M448.0K-5.2M
Free Cash Flow i212.5M202.1M186.3M171.3M127.5M
Net Change in Cash i-58.5M43.9M68.6M75.6M76.3M

Cash Flow Trend

Descartes Systems Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 61.35
Forward P/E 51.65
Price to Book 5.98
Price to Sales 13.01
PEG Ratio 51.65

Profitability Ratios

Profit Margin 21.67%
Operating Margin 29.42%
Return on Equity 10.66%
Return on Assets 7.38%

Financial Health

Current Ratio 1.35
Debt to Equity 0.55
Beta 0.56

Per Share Data

EPS (TTM) $1.65
Book Value per Share $16.93
Revenue per Share $7.81

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
dsgx8.7B61.355.9810.66%21.67%0.55
Salesforce 229.9B37.583.8010.31%16.08%19.81
Intuit 208.9B60.9910.3917.84%19.07%0.35
Paylocity Holding 9.8B44.017.9420.04%14.24%14.09
Altair Engineering 9.6B699.0611.171.81%2.13%30.23
Procore Technologies 9.4B-86.567.69-11.54%-11.58%5.94

Financial data is updated regularly. All figures are in the company's reporting currency.