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Side-by-side financial comparison of DESCARTES SYSTEMS GROUP INC (DSGX) and SHOE CARNIVAL INC (SCVL). Click either name above to swap in a different company.

SHOE CARNIVAL INC is the larger business by last-quarter revenue ($297.2M vs $179.8M, roughly 1.7× DESCARTES SYSTEMS GROUP INC). DESCARTES SYSTEMS GROUP INC runs the higher net margin — 21.1% vs 4.9%, a 16.2% gap on every dollar of revenue. DESCARTES SYSTEMS GROUP INC produced more free cash flow last quarter ($62.1M vs $19.7M).

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.

Shoe Carnival Inc. is an American retailer of family footwear. The company operates 429 stores throughout the midwest, south, and southeast regions, and Puerto Rico. It was founded by David Russell in 1978 and is headquartered in Fort Mill, South Carolina as of 2025.

DSGX vs SCVL — Head-to-Head

Bigger by revenue
SCVL
SCVL
1.7× larger
SCVL
$297.2M
$179.8M
DSGX
Higher net margin
DSGX
DSGX
16.2% more per $
DSGX
21.1%
4.9%
SCVL
More free cash flow
DSGX
DSGX
$42.4M more FCF
DSGX
$62.1M
$19.7M
SCVL

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
DSGX
DSGX
SCVL
SCVL
Revenue
$179.8M
$297.2M
Net Profit
$38.0M
$14.6M
Gross Margin
76.9%
37.6%
Operating Margin
26.8%
6.3%
Net Margin
21.1%
4.9%
Revenue YoY
-3.2%
Net Profit YoY
-23.9%
EPS (diluted)
$0.43
$0.53

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
SCVL
SCVL
Q4 25
$297.2M
Q3 25
$179.8M
$306.4M
Q2 25
$277.7M
Q1 25
$262.9M
Q4 24
$306.9M
Q3 24
$163.4M
$332.7M
Q2 24
$300.4M
Q1 24
$280.2M
Net Profit
DSGX
DSGX
SCVL
SCVL
Q4 25
$14.6M
Q3 25
$38.0M
$19.2M
Q2 25
$9.3M
Q1 25
$14.7M
Q4 24
$19.2M
Q3 24
$34.7M
$22.6M
Q2 24
$17.3M
Q1 24
$15.5M
Gross Margin
DSGX
DSGX
SCVL
SCVL
Q4 25
37.6%
Q3 25
76.9%
38.8%
Q2 25
34.5%
Q1 25
34.9%
Q4 24
36.0%
Q3 24
75.2%
36.1%
Q2 24
35.6%
Q1 24
35.6%
Operating Margin
DSGX
DSGX
SCVL
SCVL
Q4 25
6.3%
Q3 25
26.8%
8.2%
Q2 25
4.3%
Q1 25
5.3%
Q4 24
8.0%
Q3 24
28.1%
9.0%
Q2 24
7.5%
Q1 24
7.1%
Net Margin
DSGX
DSGX
SCVL
SCVL
Q4 25
4.9%
Q3 25
21.1%
6.3%
Q2 25
3.4%
Q1 25
5.6%
Q4 24
6.3%
Q3 24
21.2%
6.8%
Q2 24
5.8%
Q1 24
5.5%
EPS (diluted)
DSGX
DSGX
SCVL
SCVL
Q4 25
$0.53
Q3 25
$0.43
$0.70
Q2 25
$0.34
Q1 25
$0.53
Q4 24
$0.70
Q3 24
$0.40
$0.82
Q2 24
$0.63
Q1 24
$0.57

Balance Sheet & Financial Strength

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

Metric
DSGX
DSGX
SCVL
SCVL
Cash + ST InvestmentsLiquidity on hand
$240.6M
$107.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$683.2M
Total Assets
$1.8B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DSGX
DSGX
SCVL
SCVL
Q4 25
$107.7M
Q3 25
$240.6M
$91.9M
Q2 25
$93.0M
Q1 25
$123.1M
Q4 24
$91.1M
Q3 24
$252.7M
$84.5M
Q2 24
$69.5M
Q1 24
$111.2M
Stockholders' Equity
DSGX
DSGX
SCVL
SCVL
Q4 25
$683.2M
Q3 25
$1.5B
$670.7M
Q2 25
$653.6M
Q1 25
$649.0M
Q4 24
$635.7M
Q3 24
$1.3B
$618.5M
Q2 24
$597.8M
Q1 24
$583.4M
Total Assets
DSGX
DSGX
SCVL
SCVL
Q4 25
$1.2B
Q3 25
$1.8B
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.6B
$1.1B
Q2 24
$1.1B
Q1 24
$1.0B

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
SCVL
SCVL
Operating Cash FlowLast quarter
$63.3M
$33.6M
Free Cash FlowOCF − Capex
$62.1M
$19.7M
FCF MarginFCF / Revenue
34.5%
6.6%
Capex IntensityCapex / Revenue
0.7%
4.7%
Cash ConversionOCF / Net Profit
1.67×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$189.6M
$35.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DSGX
DSGX
SCVL
SCVL
Q4 25
$33.6M
Q3 25
$63.3M
$13.3M
Q2 25
$-9.6M
Q1 25
$44.5M
Q4 24
$17.3M
Q3 24
$34.7M
$23.7M
Q2 24
$17.1M
Q1 24
$53.4M
Free Cash Flow
DSGX
DSGX
SCVL
SCVL
Q4 25
$19.7M
Q3 25
$62.1M
$2.2M
Q2 25
$-23.0M
Q1 25
$36.2M
Q4 24
$8.3M
Q3 24
$33.1M
$18.2M
Q2 24
$6.9M
Q1 24
$40.7M
FCF Margin
DSGX
DSGX
SCVL
SCVL
Q4 25
6.6%
Q3 25
34.5%
0.7%
Q2 25
-8.3%
Q1 25
13.8%
Q4 24
2.7%
Q3 24
20.2%
5.5%
Q2 24
2.3%
Q1 24
14.5%
Capex Intensity
DSGX
DSGX
SCVL
SCVL
Q4 25
4.7%
Q3 25
0.7%
3.6%
Q2 25
4.8%
Q1 25
3.2%
Q4 24
3.0%
Q3 24
1.0%
1.7%
Q2 24
3.4%
Q1 24
4.5%
Cash Conversion
DSGX
DSGX
SCVL
SCVL
Q4 25
2.30×
Q3 25
1.67×
0.69×
Q2 25
-1.03×
Q1 25
3.04×
Q4 24
0.90×
Q3 24
1.00×
1.05×
Q2 24
0.99×
Q1 24
3.44×

Financial Flow Comparison

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

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