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Side-by-side financial comparison of DESCARTES SYSTEMS GROUP INC (DSGX) and Origin Bancorp, Inc. (OBK). 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 $104.0M, roughly 1.7× Origin Bancorp, Inc.). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs 21.1%, a 5.5% 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.

Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".

DSGX vs OBK — Head-to-Head

Bigger by revenue
DSGX
DSGX
1.7× larger
DSGX
$179.8M
$104.0M
OBK
Higher net margin
OBK
OBK
5.5% more per $
OBK
26.6%
21.1%
DSGX

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
DSGX
DSGX
OBK
OBK
Revenue
$179.8M
$104.0M
Net Profit
$38.0M
$27.7M
Gross Margin
76.9%
Operating Margin
26.8%
Net Margin
21.1%
26.6%
Revenue YoY
Net Profit YoY
EPS (diluted)
$0.43
$0.89

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
OBK
OBK
Q1 26
$104.0M
Q4 25
$103.4M
Q3 25
$179.8M
$109.8M
Q2 25
$83.5M
Q1 25
$94.1M
Q4 24
$78.3M
Q3 24
$163.4M
$90.8M
Q2 24
$96.4M
Net Profit
DSGX
DSGX
OBK
OBK
Q1 26
$27.7M
Q4 25
$29.5M
Q3 25
$38.0M
$8.6M
Q2 25
$14.6M
Q1 25
$22.4M
Q4 24
$14.3M
Q3 24
$34.7M
$18.6M
Q2 24
$21.0M
Gross Margin
DSGX
DSGX
OBK
OBK
Q1 26
Q4 25
Q3 25
76.9%
Q2 25
Q1 25
Q4 24
Q3 24
75.2%
Q2 24
Operating Margin
DSGX
DSGX
OBK
OBK
Q1 26
Q4 25
36.2%
Q3 25
26.8%
10.0%
Q2 25
22.3%
Q1 25
30.4%
Q4 24
23.0%
Q3 24
28.1%
26.1%
Q2 24
27.7%
Net Margin
DSGX
DSGX
OBK
OBK
Q1 26
26.6%
Q4 25
28.5%
Q3 25
21.1%
7.9%
Q2 25
17.5%
Q1 25
23.8%
Q4 24
18.2%
Q3 24
21.2%
20.5%
Q2 24
21.8%
EPS (diluted)
DSGX
DSGX
OBK
OBK
Q1 26
$0.89
Q4 25
$0.95
Q3 25
$0.43
$0.27
Q2 25
$0.47
Q1 25
$0.71
Q4 24
$0.45
Q3 24
$0.40
$0.60
Q2 24
$0.67

Balance Sheet & Financial Strength

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

Metric
DSGX
DSGX
OBK
OBK
Cash + ST InvestmentsLiquidity on hand
$240.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$1.3B
Total Assets
$1.8B
$10.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSGX
DSGX
OBK
OBK
Q1 26
Q4 25
$424.2M
Q3 25
$240.6M
$626.9M
Q2 25
$334.1M
Q1 25
$486.2M
Q4 24
$470.2M
Q3 24
$252.7M
$321.2M
Q2 24
$288.1M
Stockholders' Equity
DSGX
DSGX
OBK
OBK
Q1 26
$1.3B
Q4 25
$1.2B
Q3 25
$1.5B
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.3B
$1.1B
Q2 24
$1.1B
Total Assets
DSGX
DSGX
OBK
OBK
Q1 26
$10.2B
Q4 25
$9.7B
Q3 25
$1.8B
$9.8B
Q2 25
$9.7B
Q1 25
$9.8B
Q4 24
$9.7B
Q3 24
$1.6B
$10.0B
Q2 24
$9.9B

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
OBK
OBK
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
OBK
OBK
Q1 26
Q4 25
$158.9M
Q3 25
$63.3M
$59.3M
Q2 25
$20.6M
Q1 25
$35.6M
Q4 24
$108.5M
Q3 24
$34.7M
$39.6M
Q2 24
$11.9M
Free Cash Flow
DSGX
DSGX
OBK
OBK
Q1 26
Q4 25
$151.1M
Q3 25
$62.1M
$56.8M
Q2 25
$19.6M
Q1 25
$34.8M
Q4 24
$86.4M
Q3 24
$33.1M
$32.2M
Q2 24
$6.5M
FCF Margin
DSGX
DSGX
OBK
OBK
Q1 26
Q4 25
146.0%
Q3 25
34.5%
51.7%
Q2 25
23.5%
Q1 25
37.0%
Q4 24
110.3%
Q3 24
20.2%
35.5%
Q2 24
6.8%
Capex Intensity
DSGX
DSGX
OBK
OBK
Q1 26
Q4 25
7.6%
Q3 25
0.7%
2.3%
Q2 25
1.2%
Q1 25
0.8%
Q4 24
28.1%
Q3 24
1.0%
8.1%
Q2 24
5.6%
Cash Conversion
DSGX
DSGX
OBK
OBK
Q1 26
Q4 25
5.38×
Q3 25
1.67×
6.88×
Q2 25
1.41×
Q1 25
1.59×
Q4 24
7.60×
Q3 24
1.00×
2.13×
Q2 24
0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DSGX
DSGX

Segment breakdown not available.

OBK
OBK

Net Interest Income$87.2M84%
Noninterest Income$16.8M16%

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