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Maker of CargoWise, logistics software used by freight forwarders and customs brokers worldwide to manage global shipments.
Maker of CargoWise, logistics software used by freight forwarders and customs brokers worldwide to manage global shipments.
Charges mostly by usage, such as the number of shipments or transactions processed, rather than flat seats, so revenue grows with customers' freight volumes and with each new module they add. It has grown partly by buying smaller logistics-software firms. Founder Richard White remains a major shareholder.
In one line: Australia's Descartes Systems, at greater scale.
Moat: wide (switching costs, network effects, scale). Deeply embedded, mission-critical software with high switching costs and network effects across global freight partners.
Headquarters: Sydney, Australia · Founded: 1994 · Employees: 5,500
Size Wisetech Global (WTC.AX) is an Australia Information Technology company (Packaged Software) with a market value of $10.3B, the 34th largest of 316 Australia companies the cockpit tracks. Shares closed at A$44.49 on 6 Nov 2026.
Performance Over six months the shares gained 15.5%, against +17.8% for the median peer and +4.1% for the Australia market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 70.9% over the last twelve months (peer median +17.9%); the operating margin is 30.9% (peer median 6.9%).
Valuation It trades at 32.6× forward earnings against a peer median of 31.1× (9th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.7 points below its cost of capital (13.8% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$2.06B | A$2.06B | A$1.20B | A$1.04B | A$817M |
| Revenue growth | — | +71% | +15% | +28% | — |
| Gross profit | A$1.40B | A$1.40B | A$933M | A$793M | A$633M |
| EBITDA | A$938M | A$956M | A$643M | A$507M | A$389M |
| Net income | A$261M | A$264M | A$310M | A$263M | A$212M |
| Free cash flow | A$548M | A$568M | A$527M | A$411M | A$356M |
| Capital expenditure | A$218M | A$226M | A$231M | A$199M | A$142M |
| Total debt | n/a | A$3.23B | A$170M | A$104M | A$256M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wisetech Global WTC.AX | $10.3B | +15% | +71% | 31% | 32.6× | 30.1% |
| Descartes Systems DSG.TO | $8.10B | +32% | +12% | 33% | 37.9× | 4.4% |
| Manhattan Associates MANH | $14.7B | +77% | +8% | 25% | 42.0× | 29.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WTC.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +37.9% | -3.7% | highest of 21 |
| 6-month return | +15.5% | +17.8% | 11th highest of 21 |
| Distance from 52-week high | -41.7% | -20.3% | 7th lowest of 21 |
| Revenue growth (TTM) | +70.9% | +17.9% | highest of 21 |
| Operating margin | 30.9% | 6.9% | 4th highest of 21 |
| Forward P/E | 32.6× | 31.1× | 9th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 30.1% | 18.8% | 6th most demanding of 20 |
| Growth delivered (Del g) | +32.3% | +23.4% | 4th highest of 20 |
| Hurdle (Req g minus delivered) | -2.3 pp | -6.7 pp | 7th most demanding of 20 |
| ROIC minus cost of capital | -5.7 pp | +5.4 pp | 9th lowest of 18 |
| EV / EBITDA | 18.7× | 18.4× | 6th cheapest of 11 |
| Net debt / EBITDA | 2.9× | -1.5× | 2nd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wisetech Global WTC.AX | Australia | $10.3B | +15% | +71% | 31% | 32.6× | 30.1% | +32.3% |
| Paycom Software PAYC | United States | $10.5B | +73% | +9% | 30% | 15.9× | 3.3% | +19.5% |
| Figma FIG | United States | $10.0B | -9% | +43% | -124% | 54.8× | 22.2% | +43.4% |
| HubSpot HUBS | United States | $10.0B | +2% | +21% | 4% | 12.5× | 25.1% | +28.8% |
| SailPoint SAIL | United States | $11.0B | +57% | +20% | -19% | 53.5× | 42.0% | +24.7% |
| Capcom 9697.T | Japan | $11.0B | +25% | +21% | 41% | 27.0× | -2.2% | +15.4% |
| Oracle Financial Services Software OFSS.NS | India | $9.43B | +8% | +28% | 52% | 22.7× | 22.0% | +9.0% |
| Full Truck Alliance Co. Ltd. Sponsored ADR YMM | United States | $9.35B | +4% | +9% | 34% | 12.8× | -10.9% | +36.0% |
| Hinge Health HNGE | United States | $9.34B | +107% | +50% | 19% | 39.6× | 34.1% | +49.9% |
| Procore Technologies PCOR | United States | $11.4B | +41% | +16% | -1% | 33.8× | 19.9% | +27.0% |
| Elastic ESTC | United States | $9.12B | +65% | +16% | -1% | 24.4× | 13.0% | +23.4% |
| Paylocity PCTY | United States | $9.03B | +56% | +11% | 22% | 19.0× | 2.3% | +22.8% |
| Chime Financial CHYM | United States | $11.9B | +70% | +18% | -1% | 35.2× | 18.2% | +24.8% |
| Netskope NTSK | United States | $8.70B | +83% | +30% | -94% | n/a | n/a | n/a |
| 360 Security Technology 601360.SS | China | $8.63B | -26% | +7% | -4% | 172.6× | 55.2% | -5.7% |
| DigitalOcean DOCN | United States | $8.55B | -56% | +28% | 12% | 44.7× | 41.6% | +23.1% |
| CSG Digital Power Grid Research Institute 301638.SZ | China | $8.52B | -37% | +18% | 10% | n/a | 18.0% | +8.2% |
| JFrog FROG | United States | $12.5B | +43% | +26% | -13% | 89.6× | 37.7% | +28.7% |
| Dynatrace DT | United States | $12.5B | +7% | +18% | 14% | 22.6× | 18.8% | +23.5% |
| Nemetschek NEM.DE | Germany | $8.39B | +10% | +13% | 26% | 29.9× | 11.1% | +14.8% |
| Snap SNAP | United States | $8.39B | -18% | +13% | -5% | 32.3× | 2.7% | +18.8% |