# Descartes Systems Group share price today (The Descartes Systems Group Inc., DSGX)

> The Descartes Systems Group Inc.'s earnings have grown faster than its share price. Earnings per share grew +14.0% in a year while the price moved +12.4%. DSGX · Technology · Software - Application · data as of 5 November 2026. Page: https://www.sectoralpha.in/us/stocks/dsgx

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: $94.82 (+12.4% in a year)
- P/E: 44.0× (lower than 83% of the last 4.5 years)
- Revenue (Jul 2026): $201 M (+11.8% on a year ago)
- Profit (Jul 2026): $50.0 M (+31.6% on a year ago)
- Operating margin: 33.2% (+3.6 points on a year ago)
- ROE: 10%, FY26
- ROIC: 14.6%, against a 5.4% cost of capital: +9.2 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Descartes Systems Group share price today? The Descartes Systems Group Inc.'s share price was $94.82 at the close on 5 November 2026. It has been stalling near its high for 14 weeks. That is 26.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between $63 and $95, and at that close it was at the high of that range. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 14 weeks in a row. Over the last 10 years the share price moved +402% while the S&P 500 moved +245%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Descartes Systems Group pay? The Descartes Systems Group Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Descartes Systems Group on? Descartes Systems Group is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Descartes Systems Group profitable? The Descartes Systems Group Inc. earned $50.0 M of net profit in the Jul 2026 quarter, +31.6% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was $164 M. Over 4 years profit has grown 17.4% a year on average. That is 24.9% of the quarter's revenue. The same quarter a year earlier earned $38.0 M. For the full year, FY26 profit was $164 M (+14.3% on the year before). Why profit moved: revenue changed +11.8% on a year earlier and the margin moved +3.6 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +26.9% and revenue +13.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Descartes Systems Group make, and is it growing? The Descartes Systems Group Inc. reported $201 M of revenue in the Jul 2026 quarter, +11.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 14.5% a year on average. The last full year, FY26, came in at $729 M. The last four reported quarters add to $775 M. FY26 revenue was $729 M, +12.0% on the year before. Recent pace: the last four quarters grew +13.2% on average, against 14.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +13.2%, against +12.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +26.9%, against +21.3% a year (accelerating). ## How much of every $100 of sales does Descartes Systems Group keep? The Descartes Systems Group Inc.'s operating margin was 33.2% in the Jul 2026 quarter, 3.6 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 25.9% and 30.2%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +3.6 percentage points on the year while gross margin changed +1.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Descartes Systems Group's profit turning into cash? Over the last 3 years, 164% of The Descartes Systems Group Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $266 M of operating cash against $164 M of profit. After $5.7 M of spending on assets, $261 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Descartes Systems Group's cash go? The Descartes Systems Group Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $18.0 M on assets over the last 3 years. Averaged over those years that is 0.8% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $18.0 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Descartes Systems Group's P/E ratio, and how does it compare with its own history? The Descartes Systems Group Inc.'s P/E is 44.0×, near the low end of its own history: it has been lower only 17% of the time. Its usual P/E (the middle reading) is 62.0×, over 4.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +14.0% while the price moved +12.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +9.1% a year; about +17.8% a year came from earnings growth and about −8.7 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Descartes Systems Group business getting better or worse? The Descartes Systems Group Inc.'s business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 15.3%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Descartes Systems Group earn on its capital? The Descartes Systems Group Inc. earned a ROE of 10% in FY26. That is up from a low of 9% in FY22. Its return on capital used (ROIC) is 9.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 22.5% net margin and 0.38× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 22.5% net margin × 0.38× asset turnover × 1.17× leverage (assets divided by equity) ≈ 10.0% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 14.6% − 5.4% = +9.2 percentage points. The 5.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. ## Does Descartes Systems Group have too much debt? The Descartes Systems Group Inc. has total debt of $7.5 M against shareholder equity of $1.6 B as of Jul 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.01 in FY22 to 0.01 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Descartes Systems Group shareholding pattern? 1.7% of The Descartes Systems Group Inc.'s tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 2.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Descartes Systems Group from balance-sheet trouble? For The Descartes Systems Group Inc., the Z-score is 14.81. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 14.81 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Descartes Systems Group rank in its industry? There is no score against its industry: The Descartes Systems Group Inc. is not among the largest members shown in this industry comparison for Software - Application. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Descartes Systems Group compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Descartes Systems Group in size? Descartes Systems Group is the 41st largest of 142 Software - Application companies on Sector Alpha by market value (scores of 5 November 2026). Just above it: Paylocity Holding Corporation, Elastic N.V. and AppFolio, Inc. Just below it: ServiceTitan, Inc., Clear Secure, Inc. and Duolingo, Inc. ### Software - Application companies close in size

1. [Paylocity Holding Corporation](https://www.sectoralpha.in/us/stocks/pcty) $9 billion
2. [Elastic N.V.](https://www.sectoralpha.in/us/stocks/estc) $8.8 billion
3. [AppFolio, Inc.](https://www.sectoralpha.in/us/stocks/appf) $8.3 billion
4. The Descartes Systems Group Inc. $8.1 billion
5. [ServiceTitan, Inc.](https://www.sectoralpha.in/us/stocks/ttan) $7.9 billion
6. [Clear Secure, Inc.](https://www.sectoralpha.in/us/stocks/you) $7.4 billion
7. [Duolingo, Inc.](https://www.sectoralpha.in/us/stocks/duol) $7.4 billion

[All 142 Software - Application companies, largest first](https://www.sectoralpha.in/us/sectors/software-application#all-companies)

### Companies close in size in other industries

1. [SentinelOne, Inc.](https://www.sectoralpha.in/us/stocks/s) $8.2 billion · Software - Infrastructure
2. [UGI Corporation](https://www.sectoralpha.in/us/stocks/ugi) $8.2 billion · Utilities - Regulated Gas
3. The Descartes Systems Group Inc. $8.1 billion
4. [Element Solutions Inc](https://www.sectoralpha.in/us/stocks/esi) $8.1 billion · Specialty Chemicals
5. [NNN REIT, Inc.](https://www.sectoralpha.in/us/stocks/nnn) $8.1 billion · REIT - Retail

## What else do people ask about Descartes Systems Group? ### What were Descartes Systems Group's latest quarterly results? The Descartes Systems Group Inc. reported revenue of $201 M and net profit of $50.0 M for the Jul 2026 quarter. Revenue rose 11.8% and profit rose 31.6% compared with a year earlier. Earnings per share were $0.57 (as of 5 November 2026). ### What is Descartes Systems Group's market cap? The Descartes Systems Group Inc.'s market capitalisation is $8.1 B at a stock price of $94.82. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 5 November 2026). ### How is Descartes Systems Group performing? The Descartes Systems Group Inc.'s share price has been stalling near its high for 14 weeks. In its latest quarter, revenue rose 11.8% and profit rose 31.6% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 14 weeks running (as of 5 November 2026). ### Will Descartes Systems Group's stock price go up? This page does not forecast The Descartes Systems Group Inc.'s stock price. What it shows instead: the stock price is $94.82, and it has been stalling near its high for 14 weeks. Its P/E of 44.0× is higher than 17% of its own last 5 years (as of 5 November 2026). ### Where is Descartes Systems Group in its business cycle? The Descartes Systems Group Inc.'s FY26 operating margin was 30.2%, against a 5-year range of 25.9% to 30.2%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 33.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 5 November 2026). ### What could break the Descartes Systems Group story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 5 November 2026). ### Is Descartes Systems Group a stock worth studying right now? What the numbers show: The Descartes Systems Group Inc.'s earnings have grown faster than its share price. Earnings per share grew +14.0% in a year while the price moved +12.4%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 5 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

This is research, not advice. We’re not SEBI-registered.