🔍 How KXS Stacks Up Against Each One

Sources: MarketBeat competitor lists, Yahoo Finance comparison data for SHOP/CSU/DSG/KXSYahoo Finance, AlphaSpread valuation comparisons for CSU/TOI, Financhill competitor metrics for KXSFinanchill.

1️⃣ Kinaxis (KXS) vs Descartes (DSG)

Closest apples‑to‑apples comparison.

• Both are supply chain SaaS
• DSG is more logistics + compliance
• KXS is more planning + forecasting
• DSG grows slower but is more stable
• KXS grows faster but is more cyclical

If you like KXS, DSG is the “safer cousin.”

2️⃣ KXS vs Constellation Software (CSU)

CSU is a different beast entirely.

• CSU buys hundreds of small software companies
• Extremely diversified
• Very stable cash flow
• Lower volatility than KXS
• Long‑term compounding machine

CSU is the “sleep well at night” Canadian tech stock.

3️⃣ KXS vs Topicus (TOI)

TOI is CSU’s European spin‑off.

• Faster growth than CSU
• More early‑stage acquisitions
• Higher risk, higher reward
• More volatility
• Still very high‑quality

TOI is like CSU’s younger, more aggressive sibling.

4️⃣ KXS vs Shopify (SHOP)

Completely different risk profile.

• SHOP is macro‑sensitive
• Huge global TAM
• High volatility
• Can swing 30–50% in a year
• Strong long‑term story but not for the faint of heart

KXS is stable enterprise SaaS; SHOP is a rocket ship.

🧠 Where KXS Fits in Your Portfolio

Given your situation — three years from retirement, strong equity exposure, and a desire to reduce volatility — here’s the general pattern:

• KXS → mid‑risk, steady SaaS
• DSG → low‑risk, slow‑and‑steady
• CSU → low‑medium risk, compounding
• TOI → medium‑high risk, growth
• SHOP → high risk, high reward

KXS is not the riskiest name in the group. It’s actually one of the more stable Canadian SaaS companies.