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Descartes Systems Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Descartes Systems Group and similar public comparables like Ingram Micro, ServiceTitan, WEX, EquipmentShare.com and more.
Descartes Systems Group Overview
About Descartes Systems Group
Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven. Descartes charges clients to send/receive messages, data, and documents on the GLN. Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.
Founded
1981
HQ

Employees
2.2K
Website
Sectors
Financials (LTM)
EV
$6B
Descartes Systems Group Financials
Descartes Systems Group reported last 12-month revenue of $746M and EBITDA of $339M.
In the same LTM period, Descartes Systems Group generated $576M in gross profit, $339M in EBITDA, and $173M in net income.
Revenue (LTM)
Descartes Systems Group P&L
In the most recent fiscal year, Descartes Systems Group reported revenue of $729M and EBITDA of $330M.
Descartes Systems Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $746M | XXX | $729M | XXX | XXX | XXX |
| Gross Profit | $576M | XXX | $562M | XXX | XXX | XXX |
| Gross Margin | 77% | XXX | 77% | XXX | XXX | XXX |
| EBITDA | $339M | XXX | $330M | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 45% | XXX | XXX | XXX |
| EBIT Margin | 32% | XXX | 31% | XXX | XXX | XXX |
| Net Profit | $173M | XXX | $164M | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 22% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Descartes Systems Group Stock Performance
Descartes Systems Group has current market cap of $7B, and enterprise value of $6B.
Market Cap Evolution
Descartes Systems Group's stock price is $76.18.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $7B | 0.9% | XXX | XXX | XXX | $1.90 |
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Start Free TrialDescartes Systems Group Valuation Multiples
Descartes Systems Group trades at 8.3x EV/Revenue multiple, and 18.3x EV/EBITDA.
EV / Revenue (LTM)
Descartes Systems Group Financial Valuation Multiples
As of April 18, 2026, Descartes Systems Group has market cap of $7B and EV of $6B.
Equity research analysts estimate Descartes Systems Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Descartes Systems Group has a P/E ratio of 38.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 8.3x | XXX | 8.5x | XXX | XXX | XXX |
| EV/EBITDA | 18.3x | XXX | 18.8x | XXX | XXX | XXX |
| EV/EBIT | 26.3x | XXX | 27.6x | XXX | XXX | XXX |
| EV/Gross Profit | 10.8x | XXX | 11.0x | XXX | XXX | XXX |
| P/E | 38.0x | XXX | 40.0x | XXX | XXX | XXX |
| EV/FCF | 23.0x | XXX | 23.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Descartes Systems Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Descartes Systems Group Margins & Growth Rates
Descartes Systems Group's revenue in the last 12 month grew by 11%.
Descartes Systems Group's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Descartes Systems Group's rule of 40 is 57% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Descartes Systems Group's rule of X is 73% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Descartes Systems Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 45% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 57% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 73% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 11% | XXX | 11% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 14% | XXX | 14% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 47% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Descartes Systems Group Public Comps
See public comps and valuation multiples for other Transportation & Logistics Software and Supply Chain Management Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Descartes Systems Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Ingram Micro | XXX | XXX | XXX | XXX | XXX | XXX |
| ServiceTitan | XXX | XXX | XXX | XXX | XXX | XXX |
| WEX | XXX | XXX | XXX | XXX | XXX | XXX |
| EquipmentShare.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Manhattan Associates | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Descartes Systems Group M&A Activity
Descartes Systems Group acquired XXX companies to date.
Last acquisition by Descartes Systems Group was on XXXXXXXX, XXXXX. Descartes Systems Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Descartes Systems Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDescartes Systems Group Investment Activity
Descartes Systems Group invested in XXX companies to date.
Descartes Systems Group made its latest investment on XXXXXXXX, XXXXX. Descartes Systems Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Descartes Systems Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Descartes Systems Group
| When was Descartes Systems Group founded? | Descartes Systems Group was founded in 1981. |
| Where is Descartes Systems Group headquartered? | Descartes Systems Group is headquartered in Canada. |
| How many employees does Descartes Systems Group have? | As of today, Descartes Systems Group has over 2K employees. |
| Who is the CEO of Descartes Systems Group? | Descartes Systems Group's CEO is Edward J. Ryan. |
| Is Descartes Systems Group publicly listed? | Yes, Descartes Systems Group is a public company listed on Nasdaq. |
| What is the stock symbol of Descartes Systems Group? | Descartes Systems Group trades under DSGX ticker. |
| When did Descartes Systems Group go public? | Descartes Systems Group went public in 1999. |
| Who are competitors of Descartes Systems Group? | Descartes Systems Group main competitors are Ingram Micro, ServiceTitan, WEX, EquipmentShare.com. |
| What is the current market cap of Descartes Systems Group? | Descartes Systems Group's current market cap is $7B. |
| What is the current revenue of Descartes Systems Group? | Descartes Systems Group's last 12 months revenue is $746M. |
| What is the current revenue growth of Descartes Systems Group? | Descartes Systems Group revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Descartes Systems Group? | Current revenue multiple of Descartes Systems Group is 8.3x. |
| Is Descartes Systems Group profitable? | Yes, Descartes Systems Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Descartes Systems Group? | Descartes Systems Group's last 12 months EBITDA is $339M. |
| What is Descartes Systems Group's EBITDA margin? | Descartes Systems Group's last 12 months EBITDA margin is 45%. |
| What is the current EV/EBITDA multiple of Descartes Systems Group? | Current EBITDA multiple of Descartes Systems Group is 18.3x. |
| What is the current FCF of Descartes Systems Group? | Descartes Systems Group's last 12 months FCF is $270M. |
| What is Descartes Systems Group's FCF margin? | Descartes Systems Group's last 12 months FCF margin is 36%. |
| What is the current EV/FCF multiple of Descartes Systems Group? | Current FCF multiple of Descartes Systems Group is 23.0x. |
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