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Side-by-side financial comparison of DESCARTES SYSTEMS GROUP INC (DSGX) and Resolute Holdings Management, Inc. (RHLD). 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 $117.7M, roughly 1.5× Resolute Holdings Management, Inc.). DESCARTES SYSTEMS GROUP INC runs the higher net margin — 21.1% vs -1.5%, a 22.6% gap on every dollar of revenue. Resolute Holdings Management, Inc. produced more free cash flow last quarter ($189.2M 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.
Resolute Mining Limited is an Australian mining corporation focused on mining operations in Africa. It is currently operating two gold mines: the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal.
DSGX vs RHLD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $117.7M |
| Net Profit | $38.0M | $-1.7M |
| Gross Margin | 76.9% | 55.7% |
| Operating Margin | 26.8% | 30.2% |
| Net Margin | 21.1% | -1.5% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.43 | $-0.20 |
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 | — | $117.7M | ||
| Q3 25 | $179.8M | $120.9M | ||
| Q2 25 | — | $119.6M | ||
| Q1 25 | — | $103.9M | ||
| Q3 24 | $163.4M | — | ||
| Q3 23 | $143.4M | — | ||
| Q3 22 | $123.0M | — |
| Q4 25 | — | $-1.7M | ||
| Q3 25 | $38.0M | $-231.0K | ||
| Q2 25 | — | $-611.0K | ||
| Q1 25 | — | $-3.4M | ||
| Q3 24 | $34.7M | — | ||
| Q3 23 | $28.1M | — | ||
| Q3 22 | $22.9M | — |
| Q4 25 | — | 55.7% | ||
| Q3 25 | 76.9% | 59.0% | ||
| Q2 25 | — | 57.5% | ||
| Q1 25 | — | 52.5% | ||
| Q3 24 | 75.2% | — | ||
| Q3 23 | 75.6% | — | ||
| Q3 22 | 76.5% | — |
| Q4 25 | — | 30.2% | ||
| Q3 25 | 26.8% | 34.3% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 24.7% | ||
| Q3 24 | 28.1% | — | ||
| Q3 23 | 25.7% | — | ||
| Q3 22 | 25.6% | — |
| Q4 25 | — | -1.5% | ||
| Q3 25 | 21.1% | -0.2% | ||
| Q2 25 | — | -0.5% | ||
| Q1 25 | — | -3.2% | ||
| Q3 24 | 21.2% | — | ||
| Q3 23 | 19.6% | — | ||
| Q3 22 | 18.6% | — |
| Q4 25 | — | $-0.20 | ||
| Q3 25 | $0.43 | $-0.03 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | — | $-0.39 | ||
| Q3 24 | $0.40 | — | ||
| Q3 23 | $0.32 | — | ||
| Q3 22 | $0.27 | — |
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 | $205.5M |
| Total DebtLower is stronger | — | $169.8M |
| Stockholders' EquityBook value | $1.5B | $6.5M |
| Total Assets | $1.8B | $333.4M |
| Debt / EquityLower = less leverage | — | 26.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $205.5M | ||
| Q3 25 | $240.6M | $148.0M | ||
| Q2 25 | — | $99.9M | ||
| Q1 25 | — | $71.0M | ||
| Q3 24 | $252.7M | — | ||
| Q3 23 | $227.4M | — | ||
| Q3 22 | $189.0M | — |
| Q4 25 | — | $169.8M | ||
| Q3 25 | — | $173.4M | ||
| Q2 25 | — | $177.1M | ||
| Q1 25 | — | $180.7M | ||
| Q3 24 | — | — | ||
| Q3 23 | — | — | ||
| Q3 22 | — | — |
| Q4 25 | — | $6.5M | ||
| Q3 25 | $1.5B | $10.8M | ||
| Q2 25 | — | $9.6M | ||
| Q1 25 | — | $8.9M | ||
| Q3 24 | $1.3B | — | ||
| Q3 23 | $1.2B | — | ||
| Q3 22 | $1.0B | — |
| Q4 25 | — | $333.4M | ||
| Q3 25 | $1.8B | $293.2M | ||
| Q2 25 | — | $253.3M | ||
| Q1 25 | — | $214.3M | ||
| Q3 24 | $1.6B | — | ||
| Q3 23 | $1.4B | — | ||
| Q3 22 | $1.2B | — |
| Q4 25 | — | 26.03× | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | — | 18.42× | ||
| Q1 25 | — | 20.38× | ||
| Q3 24 | — | — | ||
| Q3 23 | — | — | ||
| Q3 22 | — | — |
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 | $196.1M |
| Free Cash FlowOCF − Capex | $62.1M | $189.2M |
| FCF MarginFCF / Revenue | 34.5% | 160.8% |
| Capex IntensityCapex / Revenue | 0.7% | 5.8% |
| Cash ConversionOCF / Net Profit | 1.67× | — |
| TTM Free Cash FlowTrailing 4 quarters | $189.6M | $313.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $196.1M | ||
| Q3 25 | $63.3M | $59.6M | ||
| Q2 25 | — | $48.9M | ||
| Q1 25 | — | $18.4M | ||
| Q3 24 | $34.7M | — | ||
| Q3 23 | $52.0M | — | ||
| Q3 22 | $46.4M | — |
| Q4 25 | — | $189.2M | ||
| Q3 25 | $62.1M | $58.6M | ||
| Q2 25 | — | $47.5M | ||
| Q1 25 | — | $17.8M | ||
| Q3 24 | $33.1M | — | ||
| Q3 23 | $49.8M | — | ||
| Q3 22 | $44.6M | — |
| Q4 25 | — | 160.8% | ||
| Q3 25 | 34.5% | 48.5% | ||
| Q2 25 | — | 39.7% | ||
| Q1 25 | — | 17.1% | ||
| Q3 24 | 20.2% | — | ||
| Q3 23 | 34.8% | — | ||
| Q3 22 | 36.3% | — |
| Q4 25 | — | 5.8% | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.6% | ||
| Q3 24 | 1.0% | — | ||
| Q3 23 | 1.5% | — | ||
| Q3 22 | 1.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 1.00× | — | ||
| Q3 23 | 1.85× | — | ||
| Q3 22 | 2.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
