DESCARTES SYSTEMS GROUP INC
DSGX · Services-Prepackaged Software · EDGAR filings ↗
Grade
B76Logistics/supply-chain SaaS with strong returns, free cash flow, and a clean balance sheet.
Strengths
- Strong returns and FCF — ROA 8.6% (85th), FCF $260.5M (72nd)
- Healthy growth — net income +14.3% (65th)
- Strong liquidity — current ratio 2.16 (66th)
Risks
- Acquisition-driven growth model — per 10-K
- Global-trade/logistics-volume cyclicality — per 10-K
- Premium valuation — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $357M cash & investments
- Notable holderHeld by 5 notable fund(s): FMR LLC, RENAISSANCE TECHNOLOGIES LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Key metrics
Return on equity
10.1%
Return on assets
8.6%
Net-income growth
14.3%
Current ratio
2.2×
Free cash flow
$261M
Tangible book value
$261M
Cash & investments
$357M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-11 | 2026-01-31 | 0001104659-26-026450 ↗ |
| 40-F | 2025-04-22 | 2025-01-31 | 0000929638-25-001603 ↗ |
| 40-F | 2024-04-22 | 2024-01-31 | 0001104659-24-050087 ↗ |
| 40-F | 2023-04-24 | 2023-01-31 | 0001104659-23-049098 ↗ |
| 40-F | 2022-04-14 | 2022-01-31 | 0001104659-22-045933 ↗ |
| 40-F | 2021-04-07 | 2021-01-31 | 0000929638-21-000592 ↗ |
| 40-F | 2020-04-14 | 2020-01-31 | 0000929638-20-000523 ↗ |
| 40-F | 2019-04-22 | 2019-04-22 | 0000929638-19-000461 ↗ |
| 40-F | 2018-04-30 | 2018-04-30 | 0000929638-18-000475 ↗ |
| 40-F | 2017-04-26 | 2017-04-24 | 0000929638-17-000434 ↗ |
| 40-F | 2016-04-07 | 2016-01-31 | 0001104659-16-110361 ↗ |
| 40-F | 2015-04-29 | 2015-04-27 | 0000929638-15-000478 ↗ |