vs
Side-by-side financial comparison of DESCARTES SYSTEMS GROUP INC (DSGX) and Utz Brands, Inc. (UTZ). Click either name above to swap in a different company.
Utz Brands, Inc. is the larger business by last-quarter revenue ($341.0M vs $179.8M, roughly 1.9× DESCARTES SYSTEMS GROUP INC). DESCARTES SYSTEMS GROUP INC runs the higher net margin — 21.1% vs 0.7%, a 20.5% gap on every dollar of revenue. DESCARTES SYSTEMS GROUP INC produced more free cash flow last quarter ($62.1M vs $16.5M).
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.
Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.
DSGX vs UTZ — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $179.8M | $341.0M |
| Net Profit | $38.0M | $2.3M |
| Gross Margin | 76.9% | 25.5% |
| Operating Margin | 26.8% | 2.1% |
| Net Margin | 21.1% | 0.7% |
| Revenue YoY | — | -3.1% |
| Net Profit YoY | — | 108.3% |
| EPS (diluted) | $0.43 | $0.04 |
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.
| Q3 25 | $179.8M | — | ||
| Q4 24 | — | $341.0M | ||
| Q3 24 | $163.4M | $365.5M | ||
| Q2 24 | — | $356.2M | ||
| Q1 24 | — | $346.5M | ||
| Q4 23 | — | $371.9M | ||
| Q3 23 | $143.4M | $362.9M | ||
| Q2 23 | — | $351.4M |
| Q3 25 | $38.0M | — | ||
| Q4 24 | — | $2.3M | ||
| Q3 24 | $34.7M | $-2.2M | ||
| Q2 24 | — | $19.8M | ||
| Q1 24 | — | $-4.0M | ||
| Q4 23 | — | $16.0M | ||
| Q3 23 | $28.1M | $-4.1M | ||
| Q2 23 | — | $-9.1M |
| Q3 25 | 76.9% | — | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | 75.2% | 26.9% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 25.5% | ||
| Q4 23 | — | 32.1% | ||
| Q3 23 | 75.6% | 32.4% | ||
| Q2 23 | — | 29.7% |
| Q3 25 | 26.8% | — | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 28.1% | 5.3% | ||
| Q2 24 | — | 6.3% | ||
| Q1 24 | — | 2.8% | ||
| Q4 23 | — | 1.4% | ||
| Q3 23 | 25.7% | 0.7% | ||
| Q2 23 | — | -0.6% |
| Q3 25 | 21.1% | — | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 21.2% | -0.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | -1.2% | ||
| Q4 23 | — | 4.3% | ||
| Q3 23 | 19.6% | -1.1% | ||
| Q2 23 | — | -2.6% |
| Q3 25 | $0.43 | — | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | $0.40 | $-0.03 | ||
| Q2 24 | — | $0.23 | ||
| Q1 24 | — | $-0.05 | ||
| Q4 23 | — | $0.19 | ||
| Q3 23 | $0.32 | $-0.05 | ||
| Q2 23 | — | $-0.11 |
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 | $56.1M |
| Total DebtLower is stronger | — | $768.6M |
| Stockholders' EquityBook value | $1.5B | $696.9M |
| Total Assets | $1.8B | $2.7B |
| Debt / EquityLower = less leverage | — | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $240.6M | — | ||
| Q4 24 | — | $56.1M | ||
| Q3 24 | $252.7M | $64.9M | ||
| Q2 24 | — | $66.6M | ||
| Q1 24 | — | $47.0M | ||
| Q4 23 | — | $60.1M | ||
| Q3 23 | $227.4M | $73.7M | ||
| Q2 23 | — | $57.9M |
| Q3 25 | — | — | ||
| Q4 24 | — | $768.6M | ||
| Q3 24 | — | $780.8M | ||
| Q2 24 | — | $797.6M | ||
| Q1 24 | — | $756.9M | ||
| Q4 23 | — | $915.8M | ||
| Q3 23 | — | $967.0M | ||
| Q2 23 | — | $929.3M |
| Q3 25 | $1.5B | — | ||
| Q4 24 | — | $696.9M | ||
| Q3 24 | $1.3B | $685.7M | ||
| Q2 24 | — | $686.0M | ||
| Q1 24 | — | $671.1M | ||
| Q4 23 | — | $705.9M | ||
| Q3 23 | $1.2B | $688.5M | ||
| Q2 23 | — | $692.0M |
| Q3 25 | $1.8B | — | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $1.6B | $2.6B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.6B | ||
| Q4 23 | — | $2.8B | ||
| Q3 23 | $1.4B | $2.8B | ||
| Q2 23 | — | $2.8B |
| Q3 25 | — | — | ||
| Q4 24 | — | 1.10× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 1.13× | ||
| Q4 23 | — | 1.30× | ||
| Q3 23 | — | 1.40× | ||
| Q2 23 | — | 1.34× |
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 | $54.2M |
| Free Cash FlowOCF − Capex | $62.1M | $16.5M |
| FCF MarginFCF / Revenue | 34.5% | 4.8% |
| Capex IntensityCapex / Revenue | 0.7% | 11.1% |
| Cash ConversionOCF / Net Profit | 1.67× | 23.67× |
| TTM Free Cash FlowTrailing 4 quarters | $189.6M | $7.6M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $63.3M | — | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | $34.7M | $52.2M | ||
| Q2 24 | — | $8.9M | ||
| Q1 24 | — | $-9.1M | ||
| Q4 23 | — | $53.4M | ||
| Q3 23 | $52.0M | $4.1M | ||
| Q2 23 | — | $-8.4M |
| Q3 25 | $62.1M | — | ||
| Q4 24 | — | $16.5M | ||
| Q3 24 | $33.1M | $29.1M | ||
| Q2 24 | — | $-15.3M | ||
| Q1 24 | — | $-22.7M | ||
| Q4 23 | — | $37.9M | ||
| Q3 23 | $49.8M | $-12.1M | ||
| Q2 23 | — | $-22.3M |
| Q3 25 | 34.5% | — | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | 20.2% | 8.0% | ||
| Q2 24 | — | -4.3% | ||
| Q1 24 | — | -6.5% | ||
| Q4 23 | — | 10.2% | ||
| Q3 23 | 34.8% | -3.3% | ||
| Q2 23 | — | -6.4% |
| Q3 25 | 0.7% | — | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | 1.0% | 6.3% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | 3.9% | ||
| Q4 23 | — | 4.2% | ||
| Q3 23 | 1.5% | 4.5% | ||
| Q2 23 | — | 4.0% |
| Q3 25 | 1.67× | — | ||
| Q4 24 | — | 23.67× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 3.34× | ||
| Q3 23 | 1.85× | — | ||
| Q2 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
