WiseTech Global (ASX: WTC): The Quiet Giant Building the Digital Backbone of Global Trade
In the ever-evolving landscape of global logistics, WiseTech Global, one of the high growth stocks, is quietly writing one of the most compelling long-term growth stories on the ASX. While market noise focuses on short-term tech pivots, this Sydney-headquartered powerhouse is building the critical infrastructure that global trade will run on for decades to come.
What is WiseTech Global?
Founded in 1994, WiseTech Global is a world-leading provider of logistics execution software. Its flagship product CargoWise is used in over 195 countries by more than 16,500 logistics companies, including 46 of the top 50 global third-party logistics providers and 24 of the top 25 global freight forwarders.
It is among the best growth stocks to buy now as it is on a mission to become the operating system for global trade and logistics, enabling digital execution from freight booking to customs clearance and beyond.
A Business Model Built to Endure
WiseTech doesn’t just win with product it wins with predictability. In the latest half-year results for FY25, revenue jumped 17 percent to $381 million, with CargoWise alone growing 21 percent. More importantly, 98 percent of that revenue was recurring. In an uncertain world, that kind of revenue base offers a rare sense of security.
EBITDA rose 28 percent to $192.3 million, and free cash flow grew by 22 percent to $124.1 million. Net profit after tax surged 38 percent. At a time when most software companies are struggling to defend margins, WiseTech is quietly expanding them reaching a 50 percent EBITDA margin in just six months. These are the hallmarks of a business not only built to scale but built to last.
The Tech Engine Nobody Talks About
What sets WiseTech apart from many enterprise software companies is its relentless focus on product. Over the past five years, the company has invested nearly $870 million into research and development more than most competitors of its size even generate in profit. That investment has led to over 5,800 enhancements across its CargoWise suite and the launch of entirely new modules like ComplianceWise and Container Transport Optimization.
The company is not just improving what exists - it is expanding the scope of what it does. WiseTech is not trying to build tools for logistics. It is trying to become the platform every logistics business builds on.
The E2open Acquisition: Strategy, Not Just Scale
In May 2025, WiseTech made its boldest move yet announcing the $2.1 billion acquisition of E2open, a US-based logistics SaaS company. On paper, E2open brings scale - $607.7 million in revenue, $215.5 million EBITDA, and a network of 500,000 connected enterprises. But this isn’t just about numbers.
E2open fills in strategic white spaces in WiseTech’s product ecosystem. It adds depth in trade compliance, supply and demand planning, and real-time visibility across the supply chain. And crucially, it does so without customer overlap, meaning the integration is additive not cannibalistic.
WiseTech will fund the transaction entirely through debt, with a clear plan to deleverage from 3.5x EBITDA to under 2.0x within three years. The business remains cash-generative and disciplined, even as it scales aggressively.
A Compounding Story Still in Its Early Chapters
What makes WiseTech so compelling from a long-term investment lens is not just what it is today but what it’s building toward. Global trade is a $11 trillion market, and less than 1 percent of that is penetrated by enterprise software. WiseTech is building the infrastructure to bridge that gap, one integrated module at a time.
With high retention rates, global client penetration, a proven acquisition playbook, and a founder still actively leading the company, WiseTech has the ingredients of a true compounder. It doesn’t ride tech cycles it builds through them.
WiseTech isn’t loud, but it’s clear. While others talk about platforms, this company is quietly becoming one. And for investors with a long view, this could be one of Australia’s most underappreciated global champions in the making.
(Source: Company Announcements)
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