The Descartes Systems Group Inc.

DSG.TOTSXTechnology● Active

$105.31

+$0.01(+0.01%)

Market Cap$9.1B

P/E Ratio—

52W High$150.74

52W Low$85.26

Avg Volume323K

Open$105.55

Beta0.21

Free Cash Flow Financials Revenue

The Descartes Systems Group Inc. (DSG.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DSG.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

DSG.TO · FCF · TTM · margin & CAGR

Free cash flow was $265.6M for FY2026 (fiscal year ending 2026-01-31), up 25.0% year-over-year The FCF margin was 35.7%. Five-year CAGR stands at +15.8%.

FY2026 Free Cash Flow$265.6M▲ +25.0% YoY

Trailing 12M (TTM)$283.2Mtrailing 4 quarters sum

FCF Margin35.7%$265.6M ÷ revenue

3-Year CAGR+12.6%FY2023 → FY2026

5-Year CAGR+15.8%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DSG.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$271.5M(6M)$265.6M▲ +25.0%35.7%

FY2025$219.3M(7M)$212.5M▲ +5.2%32.6%

FY2024$207.7M(6M)$202.1M▲ +8.5%35.3%

FY2023$192.4M(6M)$186.3M▲ +8.8%38.3%

FY2022$176.1M(5M)$171.3M▲ +34.4%40.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DSG.TO · P/FCF · FCF yield · FCF per share

The Descartes Systems Group Inc. (DSG.TO) trades at a FCF yield of 4.33% and a price-to-free-cash-flow ratio of 31.9x. FCF per share stands at $3.30, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.33%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.30

TTM FCF ÷ Shares Outstanding

Price / FCF

x31.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-31

Cash flow statement summary

DSG.TO · cash flow statement · operating / investing / financing

For FY2026, The Descartes Systems Group Inc. generated $271.5M in operating cash flow and spent 6M in capital expenditures, yielding $265.6M in free cash flow.

Operating Activities

+$271.5M

Cash from core business operations

2026-01-31

Investing Activities

−$160.5M

CapEx, acquisitions & investments

2026-01-31

Financing Activities

+$5.2M

Buybacks, dividends & debt

2026-01-31

FCF FormulaOperating CF ($271.5M) − |CapEx| (6M) = FCF ($265.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

DSG.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

The Descartes Systems Group Inc.YOU

DSG.TO

$265.6M+25.0%35.7%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

The Descartes Systems Group Inc. (DSG.TO) reported free cash flow of $265.6M for FY2026 (fiscal year ending 2026-01-31), up 25.0% year-over-year. The FCF margin was 35.7%.

Based on available data, The Descartes Systems Group Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $265.6M in FY2026. The 5-year CAGR stands at +15.8%.

The Descartes Systems Group Inc.'s FCF yield is 4.33% and price-to-FCF ratio is 31.9x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DSG.TO free cash flow · 8 questions

The Descartes Systems Group Inc. free cash flow was $265.6M for FY2026, up 25.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $283.2M.

DSG.TO free cash flowDSG.TO FCFDSG.TO FCF 2026DSG.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · The Descartes Systems Group Inc. · The Descartes Systems Group Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026