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Side-by-side financial comparison of DESCARTES SYSTEMS GROUP INC (DSGX) and Eastern Bankshares, Inc. (EBC). Click either name above to swap in a different company.
Eastern Bankshares, Inc. is the larger business by last-quarter revenue ($295.9M vs $179.8M, roughly 1.6× DESCARTES SYSTEMS GROUP INC). Eastern Bankshares, Inc. runs the higher net margin — 22.1% vs 21.1%, a 0.9% gap on every dollar of revenue.
The Descartes Systems Group Inc. is a Canadian multinational technology company specializing in logistics software, supply chain management software, and cloud-based services for logistics businesses.
Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.
DSGX vs EBC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $295.9M |
| Net Profit | $38.0M | $65.3M |
| Gross Margin | 76.9% | — |
| Operating Margin | 26.8% | — |
| Net Margin | 21.1% | 22.1% |
| Revenue YoY | — | 710.6% |
| Net Profit YoY | — | -34.4% |
| EPS (diluted) | $0.43 | $0.29 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $295.9M | ||
| Q4 25 | — | $37.5M | ||
| Q3 25 | $179.8M | $241.5M | ||
| Q2 25 | — | $244.9M | ||
| Q1 25 | — | $31.1M | ||
| Q4 24 | — | $216.5M | ||
| Q3 24 | $163.4M | $203.4M | ||
| Q2 24 | — | $154.0M |
| Q1 26 | — | $65.3M | ||
| Q4 25 | — | $99.5M | ||
| Q3 25 | $38.0M | $106.1M | ||
| Q2 25 | — | $100.2M | ||
| Q1 25 | — | $-217.7M | ||
| Q4 24 | — | $60.8M | ||
| Q3 24 | $34.7M | $-6.2M | ||
| Q2 24 | — | $26.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 76.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 26.8% | 38.9% | ||
| Q2 25 | — | 41.0% | ||
| Q1 25 | — | -590.9% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | 28.1% | -1.6% | ||
| Q2 24 | — | 24.7% |
| Q1 26 | — | 22.1% | ||
| Q4 25 | — | 265.6% | ||
| Q3 25 | 21.1% | 44.0% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | -699.2% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | 21.2% | -3.0% | ||
| Q2 24 | — | 17.1% |
| Q1 26 | — | $0.29 | ||
| Q4 25 | — | $0.48 | ||
| Q3 25 | $0.43 | $0.53 | ||
| Q2 25 | — | $0.50 | ||
| Q1 25 | — | $-1.08 | ||
| Q4 24 | — | $0.29 | ||
| Q3 24 | $0.40 | $-0.03 | ||
| Q2 24 | — | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $240.6M | $551.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $4.3B |
| Total Assets | $1.8B | $30.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $551.7M | ||
| Q4 25 | — | $507.6M | ||
| Q3 25 | $240.6M | $703.4M | ||
| Q2 25 | — | $948.3M | ||
| Q1 25 | — | $609.0M | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $252.7M | $1.7B | ||
| Q2 24 | — | $1.4B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | $1.5B | $3.8B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | $1.3B | $3.7B | ||
| Q2 24 | — | $3.0B |
| Q1 26 | — | $30.6B | ||
| Q4 25 | — | $30.6B | ||
| Q3 25 | $1.8B | $25.5B | ||
| Q2 25 | — | $25.5B | ||
| Q1 25 | — | $25.0B | ||
| Q4 24 | — | $25.6B | ||
| Q3 24 | $1.6B | $25.5B | ||
| Q2 24 | — | $21.0B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $63.3M | — |
| Free Cash FlowOCF − Capex | $62.1M | — |
| FCF MarginFCF / Revenue | 34.5% | — |
| Capex IntensityCapex / Revenue | 0.7% | — |
| Cash ConversionOCF / Net Profit | 1.67× | — |
| TTM Free Cash FlowTrailing 4 quarters | $189.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $432.4M | ||
| Q3 25 | $63.3M | $157.1M | ||
| Q2 25 | — | $123.9M | ||
| Q1 25 | — | $47.3M | ||
| Q4 24 | — | $283.8M | ||
| Q3 24 | $34.7M | $108.3M | ||
| Q2 24 | — | $54.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $62.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $33.1M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 34.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 20.2% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.35× | ||
| Q3 25 | 1.67× | 1.48× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.67× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | — | 2.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
