Descartes Systems Group vs Qualys
Descartes Systems Group and Qualys are similar in size: $729m and $669m of revenue in their latest fiscal years. Descartes Systems Group grew faster (12.0% against 10.1%). Qualys kept more of each dollar of sales as profit: a net margin of 29.6% against 22.5%. Descartes Systems Group carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Descartes Systems GroupDSGX, 2026 | QualysQLYS, 2025 |
|---|---|---|
| Revenue | $729m | $669m |
| Revenue growth | 12.0% | 10.1% |
| Net income | $164m | $198m |
| Operating margin | 28.8% | 33.2% |
| Net margin | 22.5% | 29.6% |
| Return on equity | 10.9% | 38.2% |
| Free cash flow | $261m | $304m |
| Cash | $357m | $250m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $892,000 | $183m |
| Employees | — | — |
| Market value | $7.86bn | $7.30bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | — | 72 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 156 sales |