Blackline vs Descartes Systems Group
Blackline and Descartes Systems Group are similar in size: $700m and $729m of revenue in their latest fiscal years. Descartes Systems Group grew faster (12.0% against 7.2%). Descartes Systems Group kept more of each dollar of sales as profit: a net margin of 22.5% against 3.5%. Descartes Systems Group carries less debt relative to equity (0.0% against 269.6%).
| Latest fiscal year | BlacklineBL, 2025 | Descartes Systems GroupDSGX, 2026 |
|---|---|---|
| Revenue | $700m | $729m |
| Revenue growth | 7.2% | 12.0% |
| Net income | $24.5m | $164m |
| Operating margin | 3.6% | 28.8% |
| Net margin | 3.5% | 22.5% |
| Return on equity | 6.3% | 10.9% |
| Free cash flow | $161m | $261m |
| Cash | $390m | $357m |
| Total debt | $896m | $0 |
| Debt to equity | 269.6% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $236m | $892,000 |
| Employees | — | — |
| Market value | $1.94bn | $7.86bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 34 (Weak) | — |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 0 sales |