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Side-by-side financial comparison of DESCARTES SYSTEMS GROUP INC (DSGX) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.

DESCARTES SYSTEMS GROUP INC is the larger business by last-quarter revenue ($179.8M vs $110.0M, roughly 1.6× FIRSTSUN CAPITAL BANCORP). DESCARTES SYSTEMS GROUP INC runs the higher net margin — 21.1% vs 19.6%, a 1.5% 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.

FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.

DSGX vs FSUN — Head-to-Head

Bigger by revenue
DSGX
DSGX
1.6× larger
DSGX
$179.8M
$110.0M
FSUN
Higher net margin
DSGX
DSGX
1.5% more per $
DSGX
21.1%
19.6%
FSUN

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
DSGX
DSGX
FSUN
FSUN
Revenue
$179.8M
$110.0M
Net Profit
$38.0M
$21.6M
Gross Margin
76.9%
Operating Margin
26.8%
Net Margin
21.1%
19.6%
Revenue YoY
Net Profit YoY
-8.4%
EPS (diluted)
$0.43
$0.76

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.

Revenue
DSGX
DSGX
FSUN
FSUN
Q1 26
$110.0M
Q4 25
$110.2M
Q3 25
$179.8M
$107.3M
Q2 25
$105.6M
Q1 25
$96.2M
Q4 24
$98.7M
Q3 24
$163.4M
$98.2M
Q2 24
$96.2M
Net Profit
DSGX
DSGX
FSUN
FSUN
Q1 26
$21.6M
Q4 25
$24.8M
Q3 25
$38.0M
$23.2M
Q2 25
$26.4M
Q1 25
$23.6M
Q4 24
$16.4M
Q3 24
$34.7M
$22.4M
Q2 24
$24.6M
Gross Margin
DSGX
DSGX
FSUN
FSUN
Q1 26
Q4 25
Q3 25
76.9%
Q2 25
Q1 25
Q4 24
Q3 24
75.2%
Q2 24
Operating Margin
DSGX
DSGX
FSUN
FSUN
Q1 26
Q4 25
29.0%
Q3 25
26.8%
26.4%
Q2 25
31.2%
Q1 25
30.9%
Q4 24
20.4%
Q3 24
28.1%
29.1%
Q2 24
32.3%
Net Margin
DSGX
DSGX
FSUN
FSUN
Q1 26
19.6%
Q4 25
22.5%
Q3 25
21.1%
21.6%
Q2 25
25.0%
Q1 25
24.5%
Q4 24
16.6%
Q3 24
21.2%
22.8%
Q2 24
25.5%
EPS (diluted)
DSGX
DSGX
FSUN
FSUN
Q1 26
$0.76
Q4 25
$0.89
Q3 25
$0.43
$0.82
Q2 25
$0.93
Q1 25
$0.83
Q4 24
$0.57
Q3 24
$0.40
$0.79
Q2 24
$0.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DSGX
DSGX
FSUN
FSUN
Cash + ST InvestmentsLiquidity on hand
$240.6M
$413.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$1.2B
Total Assets
$1.8B
$8.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSGX
DSGX
FSUN
FSUN
Q1 26
$413.7M
Q4 25
$652.6M
Q3 25
$240.6M
$659.9M
Q2 25
$785.1M
Q1 25
$621.4M
Q4 24
$615.9M
Q3 24
$252.7M
$573.7M
Q2 24
$535.8M
Stockholders' Equity
DSGX
DSGX
FSUN
FSUN
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.5B
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$1.3B
$1.0B
Q2 24
$996.6M
Total Assets
DSGX
DSGX
FSUN
FSUN
Q1 26
$8.6B
Q4 25
$8.5B
Q3 25
$1.8B
$8.5B
Q2 25
$8.4B
Q1 25
$8.2B
Q4 24
$8.1B
Q3 24
$1.6B
$8.1B
Q2 24
$8.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DSGX
DSGX
FSUN
FSUN
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.

Operating Cash Flow
DSGX
DSGX
FSUN
FSUN
Q1 26
Q4 25
$111.5M
Q3 25
$63.3M
$49.4M
Q2 25
$15.0M
Q1 25
$26.4M
Q4 24
$101.1M
Q3 24
$34.7M
$48.1M
Q2 24
$20.9M
Free Cash Flow
DSGX
DSGX
FSUN
FSUN
Q1 26
Q4 25
$104.0M
Q3 25
$62.1M
$47.6M
Q2 25
$13.0M
Q1 25
$24.3M
Q4 24
$95.7M
Q3 24
$33.1M
$47.1M
Q2 24
$19.9M
FCF Margin
DSGX
DSGX
FSUN
FSUN
Q1 26
Q4 25
94.3%
Q3 25
34.5%
44.4%
Q2 25
12.3%
Q1 25
25.3%
Q4 24
97.0%
Q3 24
20.2%
47.9%
Q2 24
20.6%
Capex Intensity
DSGX
DSGX
FSUN
FSUN
Q1 26
Q4 25
6.8%
Q3 25
0.7%
1.6%
Q2 25
1.9%
Q1 25
2.1%
Q4 24
5.5%
Q3 24
1.0%
1.1%
Q2 24
1.1%
Cash Conversion
DSGX
DSGX
FSUN
FSUN
Q1 26
Q4 25
4.49×
Q3 25
1.67×
2.13×
Q2 25
0.57×
Q1 25
1.12×
Q4 24
6.18×
Q3 24
1.00×
2.15×
Q2 24
0.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DSGX
DSGX

Segment breakdown not available.

FSUN
FSUN

Net Interest Income$82.8M75%
Noninterest Income$27.2M25%

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