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Side-by-side financial comparison of DESCARTES SYSTEMS GROUP INC (DSGX) and OneStream, Inc. (OS). 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 $163.7M, roughly 1.1× OneStream, Inc.). DESCARTES SYSTEMS GROUP INC runs the higher net margin — 21.1% vs 0.6%, a 20.5% gap on every dollar of revenue. DESCARTES SYSTEMS GROUP INC produced more free cash flow last quarter ($62.1M vs $25.6M).
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.
Blue Stream provides cable television, cable telephone, DVR, and up to 1 GIG Internet speed broadband services to customers in the Florida communities of Coral Springs and Weston.
DSGX vs OS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $163.7M |
| Net Profit | $38.0M | $999.0K |
| Gross Margin | 76.9% | 69.8% |
| Operating Margin | 26.8% | -3.2% |
| Net Margin | 21.1% | 0.6% |
| Revenue YoY | — | 23.6% |
| 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.
| Q4 25 | — | $163.7M | ||
| Q3 25 | $179.8M | $154.3M | ||
| Q2 25 | — | $147.6M | ||
| Q1 25 | — | $136.3M | ||
| Q4 24 | — | $132.5M | ||
| Q3 24 | $163.4M | $129.1M | ||
| Q2 24 | — | $117.5M | ||
| Q1 24 | — | $110.3M |
| Q4 25 | — | $999.0K | ||
| Q3 25 | $38.0M | $-8.8M | ||
| Q2 25 | — | $-18.4M | ||
| Q1 25 | — | $-24.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $34.7M | $-171.9M | ||
| Q2 24 | — | $-7.8M | ||
| Q1 24 | — | $-5.0M |
| Q4 25 | — | 69.8% | ||
| Q3 25 | 76.9% | 68.1% | ||
| Q2 25 | — | 68.6% | ||
| Q1 25 | — | 68.0% | ||
| Q4 24 | — | 66.8% | ||
| Q3 24 | 75.2% | 50.1% | ||
| Q2 24 | — | 68.5% | ||
| Q1 24 | — | 69.1% |
| Q4 25 | — | -3.2% | ||
| Q3 25 | 26.8% | -11.3% | ||
| Q2 25 | — | -21.8% | ||
| Q1 25 | — | -29.3% | ||
| Q4 24 | — | -35.8% | ||
| Q3 24 | 28.1% | -197.6% | ||
| Q2 24 | — | -9.8% | ||
| Q1 24 | — | -4.9% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | 21.1% | -5.7% | ||
| Q2 25 | — | -12.5% | ||
| Q1 25 | — | -17.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.2% | -133.1% | ||
| Q2 24 | — | -6.7% | ||
| Q1 24 | — | -4.5% |
| Q4 25 | — | — | ||
| Q3 25 | $0.43 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.40 | $-1.06 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $693.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $504.7M |
| Total Assets | $1.8B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $693.6M | ||
| Q3 25 | $240.6M | $653.9M | ||
| Q2 25 | — | $652.1M | ||
| Q1 25 | — | $593.9M | ||
| Q4 24 | — | $544.2M | ||
| Q3 24 | $252.7M | $495.5M | ||
| Q2 24 | — | $140.5M | ||
| Q1 24 | — | — |
| Q4 25 | — | $504.7M | ||
| Q3 25 | $1.5B | $472.1M | ||
| Q2 25 | — | $458.2M | ||
| Q1 25 | — | $412.9M | ||
| Q4 24 | — | $386.2M | ||
| Q3 24 | $1.3B | $458.2M | ||
| Q2 24 | — | $97.5M | ||
| Q1 24 | — | $102.5M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.8B | $949.4M | ||
| Q2 25 | — | $910.5M | ||
| Q1 25 | — | $867.3M | ||
| Q4 24 | — | $823.2M | ||
| Q3 24 | $1.6B | $750.1M | ||
| Q2 24 | — | $379.7M | ||
| Q1 24 | — | — |
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 | $25.8M |
| Free Cash FlowOCF − Capex | $62.1M | $25.6M |
| FCF MarginFCF / Revenue | 34.5% | 15.7% |
| Capex IntensityCapex / Revenue | 0.7% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.67× | 25.79× |
| TTM Free Cash FlowTrailing 4 quarters | $189.6M | $95.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.8M | ||
| Q3 25 | $63.3M | $5.0M | ||
| Q2 25 | — | $29.7M | ||
| Q1 25 | — | $36.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $34.7M | $2.4M | ||
| Q2 24 | — | $8.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | — | $25.6M | ||
| Q3 25 | $62.1M | $4.8M | ||
| Q2 25 | — | $29.4M | ||
| Q1 25 | — | $35.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $33.1M | $1.3M | ||
| Q2 24 | — | $7.7M | ||
| Q1 24 | — | $24.9M |
| Q4 25 | — | 15.7% | ||
| Q3 25 | 34.5% | 3.1% | ||
| Q2 25 | — | 19.9% | ||
| Q1 25 | — | 26.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 20.2% | 1.0% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 22.5% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.0% | 0.8% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 25.79× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DSGX
Segment breakdown not available.
OS
| Subscription And Circulation | $150.3M | 92% |
| Professional Services And Other | $9.4M | 6% |
| License | $4.0M | 2% |
