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Side-by-side financial comparison of DESCARTES SYSTEMS GROUP INC (DSGX) and James River Group Holdings, Inc. (JRVR). 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 $151.4M, roughly 1.2× James River Group Holdings, Inc.).
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.
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
DSGX vs JRVR — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $151.4M |
| Net Profit | $38.0M | — |
| Gross Margin | 76.9% | — |
| Operating Margin | 26.8% | — |
| Net Margin | 21.1% | — |
| Revenue YoY | — | -12.1% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.43 | — |
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 | — | $151.4M | ||
| Q4 25 | — | $167.7M | ||
| Q3 25 | $179.8M | $172.7M | ||
| Q2 25 | — | $174.8M | ||
| Q1 25 | — | $172.3M | ||
| Q4 24 | — | $126.7M | ||
| Q3 24 | $163.4M | $191.5M | ||
| Q2 24 | — | $188.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $32.1M | ||
| Q3 25 | $38.0M | $1.0M | ||
| Q2 25 | — | $4.8M | ||
| Q1 25 | — | $9.6M | ||
| Q4 24 | — | $-64.8M | ||
| Q3 24 | $34.7M | $-39.4M | ||
| Q2 24 | — | $7.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 76.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.6% | ||
| Q3 25 | 26.8% | 1.5% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | -57.0% | ||
| Q3 24 | 28.1% | -27.1% | ||
| Q2 24 | — | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.1% | ||
| Q3 25 | 21.1% | 0.6% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | -51.1% | ||
| Q3 24 | 21.2% | -20.6% | ||
| Q2 24 | — | 4.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.59 | ||
| Q3 25 | $0.43 | $-0.02 | ||
| Q2 25 | — | $0.06 | ||
| Q1 25 | — | $0.16 | ||
| Q4 24 | — | $-2.44 | ||
| Q3 24 | $0.40 | $-1.10 | ||
| Q2 24 | — | $0.13 |
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 | $228.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $518.4M |
| Total Assets | $1.8B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $228.2M | ||
| Q4 25 | — | $260.9M | ||
| Q3 25 | $240.6M | $238.8M | ||
| Q2 25 | — | $220.0M | ||
| Q1 25 | — | $279.4M | ||
| Q4 24 | — | $362.3M | ||
| Q3 24 | $252.7M | $359.8M | ||
| Q2 24 | — | $672.5M |
| Q1 26 | — | $518.4M | ||
| Q4 25 | — | $538.2M | ||
| Q3 25 | $1.5B | $503.6M | ||
| Q2 25 | — | $492.6M | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | $460.9M | ||
| Q3 24 | $1.3B | $530.3M | ||
| Q2 24 | — | $541.8M |
| Q1 26 | — | $4.8B | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | $1.8B | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | $1.6B | $5.0B | ||
| Q2 24 | — | $4.7B |
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 | — | $-18.8M | ||
| Q3 25 | $63.3M | $34.3M | ||
| Q2 25 | — | $25.2M | ||
| Q1 25 | — | $-51.5M | ||
| Q4 24 | — | $-247.1M | ||
| Q3 24 | $34.7M | $-269.9M | ||
| Q2 24 | — | $-8.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-23.6M | ||
| Q3 25 | $62.1M | $33.7M | ||
| Q2 25 | — | $24.7M | ||
| Q1 25 | — | $-52.7M | ||
| Q4 24 | — | $-252.0M | ||
| Q3 24 | $33.1M | $-270.8M | ||
| Q2 24 | — | $-9.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -14.1% | ||
| Q3 25 | 34.5% | 19.5% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | -30.6% | ||
| Q4 24 | — | -198.9% | ||
| Q3 24 | 20.2% | -141.4% | ||
| Q2 24 | — | -4.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | 0.7% | 0.4% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | 1.0% | 0.4% | ||
| Q2 24 | — | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.59× | ||
| Q3 25 | 1.67× | 33.61× | ||
| Q2 25 | — | 5.29× | ||
| Q1 25 | — | -5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | — | -1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
