# Descartes Systems Group Inc (DSGX) — Stock CV

Descartes Systems Group Inc is a $7.09B technology company. Revenue grew 12.0% over the last year, it keeps 22¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 36.9× earnings.

> Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven.

## Identity

- **Ticker**: DSGX
- **Sector**: Technology
- **Employees**: 2 403
- **Website**: https://www.descartes.com
- **Market cap**: $7.09B
- **Last price**: $82.82
- **Financial profile**: Strong

## Vitals (FY2026)

- **Revenue**: $729M
- **Net income**: $164M
- **Free cash flow**: $299M
- **Net cash**: $394M
- **P/E**: 36.9
- **Revenue growth (YoY)**: 12.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 61 |
| Growth | 80 |
| Profitability | 74 |
| Health | 100 |
| Quality | 97 |
| Moat | 75 |

## Qualifications (beginner checklist) — 10 of 10 passed

- [x] Revenue growing — +12.0% YoY
- [x] Profitable — $164M FY2026
- [x] Profit growing — +16.5% YoY
- [x] Generates cash — $299M FY2026
- [x] Debt under control — more cash than debt
- [x] Established company — $7.09B market cap
- [x] Not printing shares — +1.5% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [x] Financially stable — Altman Z 15.2 — safe
- [x] Valuation not extreme — P/E 36.9

## Experience (career milestones)

- **FY2026** — Best year on record: $164M net income
- **FY2022** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2022** — Positive free cash flow every year since: 5-year streak

## Strengths

- High gross margin (77.6%)
- Strongly profitable — 22.5% net margin
- Revenue growing 12.0% year over year
- Strong cash conversion — FCF is 40.9% of revenue
- Net cash position after subtracting debt from cash

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $425M | $86.3M | $186M |
| FY2023 | $486M | $102M | $202M |
| FY2024 | $573M | $116M | $213M |
| FY2025 | $651M | $143M | $261M |
| FY2026 | $729M | $164M | $299M |

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Source: https://stockcv.com/DSGX — derived from company filings; may be delayed or incomplete. Information, not investment advice.