DSGX vs. MANH

Last updated Apr 2, 2026

Compare and contrast key facts about The Descartes Systems Group Inc. (DSGX) and Manhattan Associates, Inc. (MANH).

Performance

DSGX vs. MANH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Descartes Systems Group Inc. (DSGX) and Manhattan Associates, Inc. (MANH). The values are adjusted to include any dividend payments, if applicable.

DSGX vs. MANH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSGX The Descartes Systems Group Inc.	-19.12%	-22.83%	35.14%	20.69%	-15.76%	41.38%	36.89%	61.45%	-6.83%	32.71%
MANH Manhattan Associates, Inc.	-22.51%	-35.87%	25.51%	77.36%	-21.92%	47.83%	31.89%	88.22%	-14.47%	-6.58%

Fundamentals

Market Cap DSGX : $6.21B MANH : $8.14B
EPS DSGX : $1.87 MANH : $3.61
PE Ratio DSGX : 37.83 MANH : 37.18
PEG Ratio DSGX : 2.14 MANH : 1.77
PS Ratio DSGX : 8.50 MANH : 7.56
PB Ratio DSGX : 3.86 MANH : 25.87
Total Revenue (TTM) DSGX : $730.62M MANH : $1.08B
Gross Profit (TTM) DSGX : $521.45M MANH : $602.74M
EBITDA (TTM) DSGX : $309.43M MANH : $292.21M

Returns By Period

In the year-to-date period, DSGX achieves a -19.12% return, which is significantly higher than MANH's -22.51% return. Over the past 10 years, DSGX has outperformed MANH with an annualized return of 13.63%, while MANH has yielded a comparatively lower 8.96% annualized return.

DSGX

• 1D: -0.92%
• 1M: 5.29%
• YTD: -19.12%
• 6M: -22.52%
• 1Y: -30.40%
• 3Y*: -4.19%
• 5Y*: 2.75%
• 10Y*: 13.63%

MANH

• 1D: 0.89%
• 1M: -4.05%
• YTD: -22.51%
• 6M: -32.71%
• 1Y: -23.15%
• 3Y*: -4.64%
• 5Y*: 2.12%
• 10Y*: 8.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DSGX vs. MANH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DSGX

DSGX Risk / Return Rank: 12
DSGX Sharpe Ratio Rank: 8
DSGX Sortino Ratio Rank: 9
DSGX Omega Ratio Rank: 10
DSGX Calmar Ratio Rank: 19
DSGX Martin Ratio Rank: 16

MANH

MANH Risk / Return Rank: 19
MANH Sharpe Ratio Rank: 15
MANH Sortino Ratio Rank: 16
MANH Omega Ratio Rank: 17
MANH Calmar Ratio Rank: 24
MANH Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DSGX vs. MANH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Descartes Systems Group Inc. (DSGX) and Manhattan Associates, Inc. (MANH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DSGX	MANH	Difference
Sharpe ratio Return per unit of total volatility	-0.83	-0.58	-0.25
Sortino ratio Return per unit of downside risk	-1.11	-0.63	-0.48
Omega ratio Gain probability vs. loss probability	0.86	0.92	-0.06
Calmar ratio Return relative to maximum drawdown	-0.64	-0.51	-0.13
Martin ratio Return relative to average drawdown	-1.27	-1.09	-0.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSGX vs. MANH - Sharpe Ratio Comparison

The current DSGX Sharpe Ratio is -0.83, which is lower than the MANH Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of DSGX and MANH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DSGX	MANH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.83	-0.58	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.06	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.23	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.21	-0.07

Correlation

The correlation between DSGX and MANH is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DSGX vs. MANH - Dividend Comparison

Neither DSGX nor MANH has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DSGX vs. MANH - Drawdown Comparison

The maximum DSGX drawdown since its inception was -98.95%, which is greater than MANH's maximum drawdown of -87.04%. Use the drawdown chart below to compare losses from any high point for DSGX and MANH.

Drawdown Indicators

	DSGX	MANH	Difference
Max Drawdown Largest peak-to-trough decline	-98.95%	-87.04%	-11.91%
Max Drawdown (1Y) Largest decline over 1 year	-46.28%	-44.11%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	-48.72%	-58.87%	+10.15%
Max Drawdown (10Y) Largest decline over 10 years	-48.72%	-58.87%	+10.15%
Current Drawdown Current decline from peak	-42.12%	-56.65%	+14.53%
Average Drawdown Average peak-to-trough decline	-69.43%	-39.34%	-30.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.45%	20.58%	+2.87%

Volatility

DSGX vs. MANH - Volatility Comparison

The current volatility for The Descartes Systems Group Inc. (DSGX) is 10.00%, while Manhattan Associates, Inc. (MANH) has a volatility of 10.62%. This indicates that DSGX experiences smaller price fluctuations and is considered to be less risky than MANH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSGX	MANH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.00%	10.62%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	27.81%	28.39%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	36.80%	40.18%	-3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.55%	37.70%	-8.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.14%	39.33%	-10.19%

Financials

DSGX vs. MANH - Profitability Comparison

The chart below illustrates the profitability comparison between The Descartes Systems Group Inc. and Manhattan Associates, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DSGX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Descartes Systems Group Inc. reported a gross profit of 130.96M and revenue of 196.26M. Therefore, the gross margin over that period was 66.7%.

MANH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Manhattan Associates, Inc. reported a gross profit of 147.11M and revenue of 270.39M. Therefore, the gross margin over that period was 54.4%.

DSGX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Descartes Systems Group Inc. reported an operating income of 66.23M and revenue of 196.26M, resulting in an operating margin of 33.7%.

MANH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Manhattan Associates, Inc. reported an operating income of 67.01M and revenue of 270.39M, resulting in an operating margin of 24.8%.

DSGX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Descartes Systems Group Inc. reported a net income of 46.43M and revenue of 196.26M, resulting in a net margin of 23.7%.

MANH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Manhattan Associates, Inc. reported a net income of 51.95M and revenue of 270.39M, resulting in a net margin of 19.2%.