vs
Side-by-side financial comparison of DESCARTES SYSTEMS GROUP INC (DSGX) and OFG BANCORP (OFG). Click either name above to swap in a different company.
OFG BANCORP is the larger business by last-quarter revenue ($184.3M vs $179.8M, roughly 1.0× DESCARTES SYSTEMS GROUP INC). OFG BANCORP runs the higher net margin — 30.3% vs 21.1%, a 9.2% gap on every dollar of revenue. OFG BANCORP produced more free cash flow last quarter ($199.3M vs $62.1M).
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.
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
DSGX vs OFG — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $184.3M |
| Net Profit | $38.0M | $55.9M |
| Gross Margin | 76.9% | — |
| Operating Margin | 26.8% | 25.7% |
| Net Margin | 21.1% | 30.3% |
| Revenue YoY | — | 0.9% |
| Net Profit YoY | — | 11.0% |
| EPS (diluted) | $0.43 | $1.27 |
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.
| Q4 25 | — | $184.3M | ||
| Q3 25 | $179.8M | $186.2M | ||
| Q2 25 | — | $182.4M | ||
| Q1 25 | — | $178.6M | ||
| Q4 24 | — | $182.7M | ||
| Q3 24 | $163.4M | $174.7M | ||
| Q2 24 | — | $179.8M | ||
| Q1 24 | — | $174.4M |
| Q4 25 | — | $55.9M | ||
| Q3 25 | $38.0M | $51.8M | ||
| Q2 25 | — | $51.8M | ||
| Q1 25 | — | $45.6M | ||
| Q4 24 | — | $50.3M | ||
| Q3 24 | $34.7M | $47.0M | ||
| Q2 24 | — | $51.1M | ||
| Q1 24 | — | $49.7M |
| Q4 25 | — | — | ||
| Q3 25 | 76.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 25.7% | ||
| Q3 25 | 26.8% | 33.0% | ||
| Q2 25 | — | 36.1% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | 28.9% | ||
| Q3 24 | 28.1% | 35.4% | ||
| Q2 24 | — | 39.6% | ||
| Q1 24 | — | 38.9% |
| Q4 25 | — | 30.3% | ||
| Q3 25 | 21.1% | 27.8% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 25.5% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | 21.2% | 26.9% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 28.5% |
| Q4 25 | — | $1.27 | ||
| Q3 25 | $0.43 | $1.16 | ||
| Q2 25 | — | $1.15 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $1.10 | ||
| Q3 24 | $0.40 | $1.00 | ||
| Q2 24 | — | $1.08 | ||
| Q1 24 | — | $1.05 |
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 | $1.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $1.4B |
| Total Assets | $1.8B | $12.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.0B | ||
| Q3 25 | $240.6M | $740.3M | ||
| Q2 25 | — | $851.8M | ||
| Q1 25 | — | $710.6M | ||
| Q4 24 | — | $591.1M | ||
| Q3 24 | $252.7M | $680.6M | ||
| Q2 24 | — | $740.4M | ||
| Q1 24 | — | $754.4M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | — | $12.5B | ||
| Q3 25 | $1.8B | $12.2B | ||
| Q2 25 | — | $12.2B | ||
| Q1 25 | — | $11.7B | ||
| Q4 24 | — | $11.5B | ||
| Q3 24 | $1.6B | $11.5B | ||
| Q2 24 | — | $11.3B | ||
| Q1 24 | — | $11.2B |
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 | $217.7M |
| Free Cash FlowOCF − Capex | $62.1M | $199.3M |
| FCF MarginFCF / Revenue | 34.5% | 108.1% |
| Capex IntensityCapex / Revenue | 0.7% | 10.0% |
| Cash ConversionOCF / Net Profit | 1.67× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $189.6M | $345.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $217.7M | ||
| Q3 25 | $63.3M | $39.5M | ||
| Q2 25 | — | $35.9M | ||
| Q1 25 | — | $83.1M | ||
| Q4 24 | — | $252.5M | ||
| Q3 24 | $34.7M | $58.1M | ||
| Q2 24 | — | $95.1M | ||
| Q1 24 | — | $61.0M |
| Q4 25 | — | $199.3M | ||
| Q3 25 | $62.1M | $35.5M | ||
| Q2 25 | — | $31.8M | ||
| Q1 25 | — | $78.7M | ||
| Q4 24 | — | $231.2M | ||
| Q3 24 | $33.1M | $51.8M | ||
| Q2 24 | — | $90.4M | ||
| Q1 24 | — | $54.8M |
| Q4 25 | — | 108.1% | ||
| Q3 25 | 34.5% | 19.1% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 44.1% | ||
| Q4 24 | — | 126.5% | ||
| Q3 24 | 20.2% | 29.6% | ||
| Q2 24 | — | 50.3% | ||
| Q1 24 | — | 31.4% |
| Q4 25 | — | 10.0% | ||
| Q3 25 | 0.7% | 2.1% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 1.0% | 3.6% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | — | 3.90× | ||
| Q3 25 | 1.67× | 0.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 5.02× | ||
| Q3 24 | 1.00× | 1.24× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
