Descartes Systems (DSGX)
Market Price (3/30/2026): $69.63 | Market Cap: $6.0 BilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Descartes Systems (DSGX)
Market Price (3/30/2026): $69.63Market Cap: $6.0 BilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30% | Weak multi-year price returns2Y Excs Rtn is -47%, 3Y Excs Rtn is -73% | Key risksDSGX key risks include [1] high revenue concentration in Europe and North America, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36% | ||
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% | ||
| Low stock price volatilityVol 12M is 37% | ||
| Megatrend and thematic driversMegatrends include Cloud Computing, Future of Freight, and E-commerce & DTC Adoption. Themes include Software as a Service (SaaS), Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% |
| Low stock price volatilityVol 12M is 37% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Future of Freight, and E-commerce & DTC Adoption. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -47%, 3Y Excs Rtn is -73% |
| Key risksDSGX key risks include [1] high revenue concentration in Europe and North America, Show more. |
Qualitative Assessment
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Descartes Systems (DSGX) stock has lost about 15% since 11/30/2025 because of the following key factors:
1. Moderating Near-Term Growth Outlook and Q4 Guidance: Despite reporting strong Q3 FY2026 results on December 3, 2025, with earnings per share of $0.50 exceeding estimates by $0.04 and revenue of $186.78 million beating expectations by $2.54 million, the company's forward-looking statements indicated a potential deceleration. The baseline adjusted EBITDA margin for Q4 FY2026 was estimated at approximately 39%, a decrease from the 46% achieved in Q3 FY2026. Additionally, services organic growth of 4% in a prior quarter fell short of the anticipated 5.6%, hinting at a slowdown in demand for its software solutions.
2. Increased Macroeconomic and Geopolitical Headwinds: Management explicitly identified "continued tariff volatility, and heightened levels of changes to sanctioned and restricted trading parties" as well as "geopolitical tension impacting trade" as factors creating "forecasting, planning and execution challenges" for their customers. These external pressures in the global logistics environment likely impacted investor confidence regarding future business conditions for Descartes Systems.
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1. Moderating Near-Term Growth Outlook and Q4 Guidance: Despite reporting strong Q3 FY2026 results on December 3, 2025, with earnings per share of $0.50 exceeding estimates by $0.04 and revenue of $186.78 million beating expectations by $2.54 million, the company's forward-looking statements indicated a potential deceleration. The baseline adjusted EBITDA margin for Q4 FY2026 was estimated at approximately 39%, a decrease from the 46% achieved in Q3 FY2026. Additionally, services organic growth of 4% in a prior quarter fell short of the anticipated 5.6%, hinting at a slowdown in demand for its software solutions.
2. Increased Macroeconomic and Geopolitical Headwinds: Management explicitly identified "continued tariff volatility, and heightened levels of changes to sanctioned and restricted trading parties" as well as "geopolitical tension impacting trade" as factors creating "forecasting, planning and execution challenges" for their customers. These external pressures in the global logistics environment likely impacted investor confidence regarding future business conditions for Descartes Systems.
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Stock Movement Drivers
Fundamental Drivers
The -15.5% change in DSGX stock from 11/30/2025 to 3/29/2026 was primarily driven by a -23.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 82.42 | 69.62 | -15.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 685 | 729 | 6.5% |
| Net Income Margin (%) | 21.6% | 22.5% | 3.8% |
| P/E Multiple | 47.7 | 36.6 | -23.4% |
| Shares Outstanding (Mil) | 86 | 86 | -0.2% |
| Cumulative Contribution | -15.5% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DSGX | -15.5% | |
| Market (SPY) | -5.3% | 5.4% |
| Sector (XLK) | -9.1% | 14.5% |
Fundamental Drivers
The -30.3% change in DSGX stock from 8/31/2025 to 3/29/2026 was primarily driven by a -38.2% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 99.95 | 69.62 | -30.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 668 | 729 | 9.1% |
| Net Income Margin (%) | 21.7% | 22.5% | 3.7% |
| P/E Multiple | 59.1 | 36.6 | -38.2% |
| Shares Outstanding (Mil) | 86 | 86 | -0.4% |
| Cumulative Contribution | -30.3% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DSGX | -30.3% | |
| Market (SPY) | 0.6% | 16.1% |
| Sector (XLK) | -0.7% | 18.6% |
Fundamental Drivers
The -37.6% change in DSGX stock from 2/28/2025 to 3/29/2026 was primarily driven by a -47.2% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 111.49 | 69.62 | -37.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 632 | 729 | 15.4% |
| Net Income Margin (%) | 21.8% | 22.5% | 3.0% |
| P/E Multiple | 69.2 | 36.6 | -47.2% |
| Shares Outstanding (Mil) | 86 | 86 | -0.6% |
| Cumulative Contribution | -37.6% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DSGX | -37.6% | |
| Market (SPY) | 9.8% | 41.7% |
| Sector (XLK) | 15.9% | 40.9% |
Fundamental Drivers
The -5.5% change in DSGX stock from 2/28/2023 to 3/29/2026 was primarily driven by a -46.3% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 73.68 | 69.62 | -5.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 473 | 729 | 54.0% |
| Net Income Margin (%) | 19.4% | 22.5% | 16.0% |
| P/E Multiple | 68.1 | 36.6 | -46.3% |
| Shares Outstanding (Mil) | 85 | 86 | -1.4% |
| Cumulative Contribution | -5.5% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| DSGX | -5.5% | |
| Market (SPY) | 69.4% | 48.9% |
| Sector (XLK) | 94.5% | 48.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DSGX Return | 41% | -16% | 21% | 35% | -23% | -18% | 23% |
| Peers Return | 9% | -29% | 34% | -8% | -37% | -30% | -58% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| DSGX Win Rate | 75% | 58% | 50% | 67% | 42% | 33% | |
| Peers Win Rate | 50% | 40% | 60% | 48% | 42% | 17% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| DSGX Max Drawdown | -2% | -31% | -3% | -5% | -30% | -28% | |
| Peers Max Drawdown | -17% | -45% | -16% | -30% | -48% | -33% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MANH, SPSC, BL, FIVN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | DSGX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -37.2% | -25.4% |
| % Gain to Breakeven | 59.3% | 34.1% |
| Time to Breakeven | 665 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -38.0% | -33.9% |
| % Gain to Breakeven | 61.2% | 51.3% |
| Time to Breakeven | 72 days | 148 days |
| 2018 Correction | ||
| % Loss | -28.6% | -19.8% |
| % Gain to Breakeven | 40.0% | 24.7% |
| Time to Breakeven | 67 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -57.1% | -56.8% |
| % Gain to Breakeven | 133.0% | 131.3% |
| Time to Breakeven | 189 days | 1,480 days |
Compare to MANH, SPSC, BL, FIVN
In The Past
Descartes Systems's stock fell -37.2% during the 2022 Inflation Shock from a high on 11/17/2021. A -37.2% loss requires a 59.3% gain to breakeven.
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About Descartes Systems (DSGX)
The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.
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Here are a few brief analogies for Descartes Systems (DSGX):
- Salesforce for logistics: Descartes provides cloud-based software-as-a-service (SaaS) that helps businesses manage their logistics and supply chain operations, similar to how Salesforce helps manage customer relationships.
- A specialized SAP for global supply chain management: While SAP offers broad enterprise resource planning, Descartes focuses specifically and comprehensively on the complex, global aspects of supply chain management, from routing to customs.
- Bloomberg for global trade data and customs compliance: Descartes offers extensive trade data, tariff calculations, and tools for filing customs and security documents, much like Bloomberg provides specialized data and tools for financial markets.
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- Logistics Technology Platform: A modular, cloud-based platform offering web and wireless logistics management applications.
- Routing, Mobile & Telematics: Solutions for planning, scheduling, tracking, and measuring delivery resources.
- Transportation Management: Services for planning, allocating, and executing shipments, including rating, auditing, and paying transportation invoices.
- Customs & Regulatory Compliance: Solutions for filing customs and security documents, and performing trade tariff and duty calculations.
- Trade Data: Provides access to and analysis of global trade information.
- Global Logistics Network Services: Connects logistics-focused parties to facilitate business transactions and information exchange.
- Broker & Forwarder Enterprise Systems: Specialized enterprise systems tailored for freight brokers and forwarders.
- E-commerce Warehouse Management: Cloud-based solutions for managing warehouse operations specifically for e-commerce.
- Professional Services: Includes consulting, implementation, training, maintenance, and support for their logistics and supply chain solutions.
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Edward J. Ryan, Chief Executive Officer
Edward J. Ryan has served as Chief Executive Officer of Descartes Systems Group since November 2013. He joined Descartes in February 2000 through the company's acquisition of E-Transport, where he had led commercial operations and contributed to growing the business from its early startup days to a successful ocean network. Mr. Ryan brings over 30 years of experience in supply chain and logistics technology. Prior to his CEO role, he held senior positions at Descartes, including Chief Commercial Officer and Executive Vice President of Global Field Operations. He holds a Bachelor of Arts degree from Franklin & Marshall College.
Edward Gardner, Chief Financial Officer
Edward Gardner is anticipated to succeed Allan Brett as Descartes' Chief Financial Officer in March 2026, following Descartes' filing of its annual financial statements for its 2026 fiscal year. He is currently Executive Vice President, Corporate Development, and has worked with CEO Edward J. Ryan for more than 20 years. Mr. Gardner has broad experience in investor relations, corporate development, financial analysis, and corporate finance, with prior experience at Descartes and EY.
Allan Brett, Senior Advisor, Executive Team
Allan Brett served as Chief Financial Officer for Descartes Systems Group for 12 years, joining in May 2014, and is transitioning to a senior advisory role to the executive team in March 2026 as he moves towards retirement. Prior to joining Descartes, he was the CFO of Aastra Technologies Limited from June 1996 until its sale to Mitel Networks Corporation in January 2014. During his 18-year tenure at Aastra, the company achieved significant growth in revenues and employees with over 60 consecutive quarters of profitability. He holds an undergraduate degree from the University of Waterloo.
J. Scott Pagan, President and Chief Operating Officer
As President and Chief Operating Officer, J. Scott Pagan oversees Descartes' operations, encompassing research and development, Global Logistics Network service delivery, implementation, corporate development initiatives, corporate communication strategies, and legal and administrative functions. He previously held the roles of Chief Corporate Officer and Corporate Secretary for the company. Mr. Pagan joined Descartes in May 2000, having previously worked in private law practice in Southern Ontario, where he specialized in corporate and intellectual property law.
Scott Sangster, General Manager, Global Logistics Service Providers
Scott Sangster has extensive experience in the logistics and technology sectors, spanning over three decades. He has served as General Manager of Global Logistics Service Providers at Descartes Systems Group since December 2000. His roles at Descartes have included Vice President of Global Sales and Vice President of GLN. Before joining Descartes, Mr. Sangster was the Director of Network Connectivity at Emergis Inc from October 1990 to 2000.
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The key risks to Descartes Systems Group Inc. (DSGX) include volatility in global trade and geopolitical factors, risks associated with acquisitions and their integration, and significant cybersecurity threats.
Key Risks
- Customer/Trade Volatility and Geopolitical Risks: Descartes Systems Group's business is highly susceptible to global trade disruptions, tariffs, and geopolitical instability. A sustained slowdown in shipping volumes or shifts in trade policies can directly reduce transaction volumes and services revenue growth. Recent events have shown that the company's clients face forecasting, pricing, planning, and execution challenges due to an uncertain tariff landscape and a rapidly changing geopolitical environment.
- Acquisition and Integration Risk: A significant part of Descartes' growth strategy relies on strategic acquisitions. There is an inherent risk that the company may not successfully integrate acquired businesses, or that the integration process could take longer than anticipated. This can lead to unexpected costs, operational inefficiencies, or a failure to realize the expected margin synergies and business benefits, potentially diluting overall performance.
- Cybersecurity Risks: As a provider of cloud-based logistics and supply chain management solutions, Descartes Systems Group faces substantial cybersecurity risks. A successful cyberattack could lead to significant operational disruptions, data breaches, regulatory penalties, financial losses, and severe damage to its reputation and customer trust. The interconnected nature of global supply chains and reliance on various partners further amplifies the potential impact of such threats.
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The proliferation of open, decentralized logistics networks and data exchange platforms built on blockchain or distributed ledger technology (DLT) represents an emerging threat. Descartes Systems' business model relies on providing a centralized platform that "unites a community of logistics-focused parties" and offers "global logistics network services" and "trade data." DLT-based networks aim to create transparent, immutable, and trustless systems for tracking goods, managing documentation, and facilitating transactions across the supply chain without a central intermediary. If these open, decentralized networks gain widespread adoption and become the standard for supply chain data exchange and transaction processing, they could reduce the reliance on proprietary, centralized platforms like Descartes Systems, potentially disintermediating its role in facilitating business and providing authenticated data within a closed network.
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Descartes Systems Group Inc. (DSGX) operates within several significant addressable markets related to logistics and supply chain management. The market sizes for their main products and services vary, with many showing substantial global growth:
- Cloud-based Logistics and Supply Chain Management Solutions: The global cloud logistics market was valued at USD 24.93 billion in 2025 and is projected to grow to USD 81.73 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 14.1% during the forecast period. Similarly, the global cloud supply chain management market is expected to grow from USD 11.95 billion in 2025 to USD 30.56 billion by 2031, with a CAGR of 16.95% over 2026-2031. North America held the largest share in the cloud logistics market in 2024.
- Routing, Mobile, and Telematics: The global route optimization software market was valued at USD 10.74 billion in 2024 and is projected to reach USD 37.57 billion by 2033, demonstrating a CAGR of 14.18% during 2025-2033. North America currently dominates this market, holding approximately 29.8% in 2024. The global fleet telematics market was projected at approximately USD 11.2 billion in 2023, with an anticipated rise to about USD 26.9 billion by 2032.
- Transportation Management Systems (TMS) and E-commerce Enablement: The global transportation management system market was valued at USD 16.8 billion in 2025 and is projected to reach USD 48.8 billion by 2035, expanding at a CAGR of 11.2% during 2026-2035. North America is expected to account for 39% of the global market share by 2035. The global e-commerce logistics market size was valued at USD 500.76 billion in 2024 and is projected to grow at a CAGR of 22.3% from 2025 to 2034. The U.S. e-commerce logistics market was valued at USD 186.94 billion in 2025.
- Customs and Regulatory Compliance: The global trade compliance software market generated USD 528.4 million in 2025 and is predicted to grow to approximately USD 1,541.4 million by 2035, recording a CAGR of 11.30%. In 2025, North America held a dominant market position, capturing over a 36.5% share. For the broader regulatory compliance management software market, the size was USD 27,800 million in 2024 and is anticipated to reach USD 68,832 million by 2032, at a CAGR of 12%. North America leads this market with a 38% share.
- Trade Data: The global merchandise trade totaled USD 33 trillion in 2024. International trade in goods and services worldwide reached €24.4 trillion (approximately USD 26.5 trillion based on current exchange rates) in 2024. This vast volume of global trade underpins the addressable market for trade data solutions.
- Global Logistics Network Services: The global logistics network market size was valued at USD 38.96 billion in 2024 and is expected to reach USD 115.11 billion by 2032, at a CAGR of 14.5% during the forecast period. The global logistics market as a whole was valued at USD 9.41 trillion in 2023 and is projected to reach USD 14.39 trillion by 2029. The United States represented the largest logistics market, at USD 2.58 trillion in 2024.
- Broker and Forwarder Enterprise Systems (including Warehouse Management Solutions): The global warehouse management system (WMS) market is projected to grow from USD 4.57 billion in 2025 to USD 10.04 billion by 2030, registering a CAGR of 17.1%. Another estimate indicates the global WMS market size was USD 5.67 billion in 2025 and is predicted to increase to approximately USD 30.50 billion by 2035, expanding at a CAGR of 18.32%. North America dominated the WMS market with a 35.55% share in 2025.
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Descartes Systems Group (DSGX) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:
- Strategic Acquisitions: Descartes has a disciplined acquisition strategy, focusing on complementary technologies and industry consolidation, which is a core element of its growth model. Recent acquisitions, such as 3G (transportation management), Sellercloud (e-commerce capabilities), and OCR (customs and regulatory compliance), are anticipated to continue contributing to revenue growth by expanding the company's offerings and market reach.
- Organic Growth from Expanded Customer Base and Solutions: The company consistently reports growth in revenue from both new and existing customers leveraging its current solutions. Analysts project an optimistic organic growth rate, supported by resilient global logistics and supply chain spending.
- Increasing Demand for Supply Chain Management (SCM) and Global Logistics Network (GLN) Solutions: The broader supply chain management market is experiencing robust growth due to heightened awareness of SCM benefits, improved forecasting accuracy, and the increasing complexity of global supply chains. Descartes' Global Logistics Network (GLN) is well-positioned to meet these evolving demands.
- Growth in E-commerce Enablement Solutions: With the continued expansion of e-commerce, there is a strong demand for solutions that streamline listing and inventory management, warehouse automation, and global shipping. Descartes' comprehensive suite of e-commerce solutions, including those enhanced through recent acquisitions, directly addresses these needs for brands and third-party logistics providers.
- Heightened Need for Global Trade Intelligence and Compliance: In an increasingly complex global trade environment, including potential shifts in tariff and trade policies, businesses are relying more on solutions that provide global trade intelligence, import classification, export compliance, and duty and tariff data. Descartes' offerings in this area help customers navigate these complexities and optimize their trade operations.
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Share Repurchases
- Descartes Systems Group initiated a Normal Course Issuer Bid (NCIB) approved by the Toronto Stock Exchange on December 9, 2025. Under this program, the company is authorized to repurchase up to 8,568,582 common shares, representing approximately 10% of its public float.
- The buyback period commenced on December 11, 2025, and is set to run until December 10, 2026, or until the completion of purchases.
- As of January 31, 2026, the company had repurchased and cancelled 10,500 common shares under the NCIB for an aggregate cost of $0.9 million (CAD 1.2 million).
Share Issuance
- The net dollar increase in stock outstanding was approximately $6.7 million over the trailing twelve months as of November 2025.
- Net total equity issued/repurchased reflected a net issuance of $12 million in fiscal year 2025, $9 million in 2024, and $2 million in 2023.
- The number of shares outstanding for Descartes Systems Group showed slight annual increases of 0.58% in 2025, 0.42% in 2024, and 0.29% in 2023.
Inbound Investments
- Quadrature Capital Ltd acquired a new stake of 165,700 shares in The Descartes Systems Group, valued at approximately $15.6 million, in March 2026.
- Institutional investors and hedge funds collectively own 77.73% of the company's stock.
Outbound Investments
- Descartes acquired Finale Inventory, a U.S.-based provider of cloud-based inventory management solutions, for approximately US $40 million (up-front consideration) in August 2025, with potential additional performance-based consideration of up to US $15 million.
- In March 2025, Descartes acquired 3GTMS, a cloud-based transportation management system provider, for $115 million.
- Notable acquisitions in 2024 included Sellercloud for approximately $110 million (December 2024), BoxTop Technologies Limited for $13 million (June 2024), Aerospace Software Developments (ASD) for $61 million (April 2024), and OCR Services, Inc., for $90 million (March 2024).
Capital Expenditures
- Capital expenditures were minimal, amounting to $5.73 million (negative value for cash flow from investing) in the last 12 months as of March 2026.
- For fiscal year 2025, capital additions were $1.9 million in the first quarter, with an expectation of $4 million to $5 million for the remainder of the year.
- Over the trailing twelve months leading up to November 2025, capital expenditures totaled only $6.5 million.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 54.49 |
| Mkt Cap | 2.1 |
| Rev LTM | 752 |
| Op Inc LTM | 118 |
| FCF LTM | 162 |
| FCF 3Y Avg | 134 |
| CFO LTM | 226 |
| CFO 3Y Avg | 166 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.3% |
| Rev Chg 3Y Avg | 13.9% |
| Rev Chg Q | 8.1% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 15.7% |
| Op Mgn 3Y Avg | 14.7% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 24.2% |
| CFO/Rev 3Y Avg | 25.0% |
| FCF/Rev LTM | 20.3% |
| FCF/Rev 3Y Avg | 20.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.1 |
| P/S | 3.1 |
| P/EBIT | 27.1 |
| P/E | 34.8 |
| P/CFO | 12.7 |
| Total Yield | 2.9% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.8% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.6% |
| 3M Rtn | -27.8% |
| 6M Rtn | -39.8% |
| 12M Rtn | -30.5% |
| 3Y Rtn | -44.3% |
| 1M Excs Rtn | 3.0% |
| 3M Excs Rtn | -19.2% |
| 6M Excs Rtn | -35.7% |
| 12M Excs Rtn | -44.3% |
| 3Y Excs Rtn | -104.2% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Providing logistics technology solutions | 651 | 573 | |||
| License | 8 | 5 | 5 | ||
| Professional services and other | 42 | 41 | 34 | ||
| Services | 436 | 378 | 310 | ||
| Total | 651 | 573 | 486 | 425 | 349 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Providing logistics technology solutions | 181 | ||||
| Total | 181 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Providing logistics technology solutions | 143 | 116 | |||
| Total | 143 | 116 |
Price Behavior
Price Behavior
| Market Price | $69.62 | |
| Market Cap ($ Bil) | 6.0 | |
| First Trading Date | 01/27/1999 | |
| Distance from 52W High | -40.5% | |
| 50 Days | 200 Days | |
| DMA Price | $71.67 | $89.61 |
| DMA Trend | down | down |
| Distance from DMA | -2.9% | -22.3% |
| 3M | 1YR | |
| Volatility | 40.8% | 36.9% |
| Downside Capture | 0.73 | 0.82 |
| Upside Capture | 3.14 | 57.17 |
| Correlation (SPY) | 1.8% | 38.6% |
DSGX Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.94 | 0.96 | 1.01 | 0.97 | 0.90 | 0.96 |
| Up Beta | -0.87 | -0.96 | -1.99 | -0.29 | 0.86 | 0.87 |
| Down Beta | 0.44 | 1.01 | 1.18 | 0.97 | 0.74 | 0.85 |
| Up Capture | 48% | 22% | 100% | 52% | 57% | 81% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 11 | 18 | 25 | 53 | 121 | 395 |
| Down Capture | 275% | 257% | 222% | 174% | 123% | 105% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 10 | 23 | 36 | 71 | 129 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DSGX | |
|---|---|---|---|---|
| DSGX | -33.4% | 36.8% | -1.04 | - |
| Sector ETF (XLK) | 22.4% | 26.8% | 0.73 | 37.7% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 39.0% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | -12.8% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | -0.1% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 32.6% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 14.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DSGX | |
|---|---|---|---|---|
| DSGX | 2.1% | 29.5% | 0.10 | - |
| Sector ETF (XLK) | 15.4% | 24.6% | 0.56 | 54.4% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 53.4% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 2.8% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 5.5% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 36.9% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 24.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DSGX | |
|---|---|---|---|---|
| DSGX | 14.3% | 29.1% | 0.51 | - |
| Sector ETF (XLK) | 20.8% | 24.3% | 0.79 | 56.6% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 53.7% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 4.4% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 16.0% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 37.1% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 01/31/2026 | 03/11/2026 | 40-F |
| 10/31/2025 | 12/04/2025 | 6-K |
| 07/31/2025 | 09/04/2025 | 6-K |
| 04/30/2025 | 06/05/2025 | 6-K |
| 01/31/2025 | 04/22/2025 | 40-F |
| 10/31/2024 | 12/04/2024 | 6-K |
| 07/31/2024 | 09/05/2024 | 6-K |
| 04/30/2024 | 05/30/2024 | 6-K |
| 01/31/2024 | 04/22/2024 | 40-F |
| 10/31/2023 | 12/06/2023 | 6-K |
| 07/31/2023 | 09/07/2023 | 6-K |
| 04/30/2023 | 06/01/2023 | 6-K |
| 01/31/2023 | 03/01/2023 | 6-K |
| 10/31/2022 | 12/08/2022 | 6-K |
| 07/31/2022 | 09/08/2022 | 6-K |
| 04/30/2022 | 06/02/2022 | 6-K |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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