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Side-by-side financial comparison of APA Corporation (APA) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.3B, roughly 1.7× OPEN TEXT CORP). APA Corporation runs the higher net margin — 15.0% vs 12.7%, a 2.3% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -24.3%). Over the past eight quarters, APA Corporation's revenue compounded faster (1.4% CAGR vs -4.3%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
Open Text Corporation is a global software company that develops and sells information management software.
APA vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.3B |
| Net Profit | $331.0M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | 32.5% | 22.0% |
| Net Margin | 15.0% | 12.7% |
| Revenue YoY | -24.3% | -0.6% |
| Net Profit YoY | -22.1% | -26.9% |
| EPS (diluted) | $0.79 | $0.66 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $2.8B | $1.4B | ||
| Q1 24 | $2.1B | $1.4B |
| Q4 25 | $331.0M | $168.1M | ||
| Q3 25 | $205.0M | $146.6M | ||
| Q2 25 | $603.0M | $28.8M | ||
| Q1 25 | $418.0M | $92.8M | ||
| Q4 24 | $425.0M | $229.9M | ||
| Q3 24 | $-223.0M | $84.4M | ||
| Q2 24 | $541.0M | $248.2M | ||
| Q1 24 | $212.0M | $98.3M |
| Q4 25 | — | 74.0% | ||
| Q3 25 | — | 72.8% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | — | 73.3% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | — | 72.5% | ||
| Q1 24 | — | 73.0% |
| Q4 25 | 32.5% | 22.0% | ||
| Q3 25 | 33.7% | 21.0% | ||
| Q2 25 | 31.8% | 13.9% | ||
| Q1 25 | 31.9% | 16.7% | ||
| Q4 24 | 31.4% | 22.2% | ||
| Q3 24 | -5.2% | 16.3% | ||
| Q2 24 | 34.4% | 14.2% | ||
| Q1 24 | 32.2% | 15.7% |
| Q4 25 | 15.0% | 12.7% | ||
| Q3 25 | 9.0% | 11.4% | ||
| Q2 25 | 26.0% | 2.2% | ||
| Q1 25 | 15.4% | 7.4% | ||
| Q4 24 | 14.6% | 17.2% | ||
| Q3 24 | -8.1% | 6.6% | ||
| Q2 24 | 19.0% | 18.2% | ||
| Q1 24 | 9.9% | 6.8% |
| Q4 25 | $0.79 | $0.66 | ||
| Q3 25 | $0.57 | $0.58 | ||
| Q2 25 | $1.67 | $0.11 | ||
| Q1 25 | $0.96 | $0.35 | ||
| Q4 24 | $0.97 | $0.87 | ||
| Q3 24 | $-0.60 | $0.32 | ||
| Q2 24 | $1.46 | $0.91 | ||
| Q1 24 | $0.44 | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $516.0M | $1.3B |
| Total DebtLower is stronger | $4.3B | $6.4B |
| Stockholders' EquityBook value | $6.1B | $4.0B |
| Total Assets | $17.8B | $13.6B |
| Debt / EquityLower = less leverage | 0.70× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $1.3B | ||
| Q3 25 | $475.0M | $1.1B | ||
| Q2 25 | $107.0M | $1.2B | ||
| Q1 25 | $67.0M | $1.3B | ||
| Q4 24 | $625.0M | $1.1B | ||
| Q3 24 | $64.0M | $1.0B | ||
| Q2 24 | $160.0M | $1.3B | ||
| Q1 24 | $102.0M | $1.1B |
| Q4 25 | $4.3B | $6.4B | ||
| Q3 25 | $4.3B | $6.4B | ||
| Q2 25 | $4.3B | $6.4B | ||
| Q1 25 | $5.2B | $6.4B | ||
| Q4 24 | $6.0B | $6.4B | ||
| Q3 24 | $6.4B | $6.4B | ||
| Q2 24 | $6.7B | $6.4B | ||
| Q1 24 | $5.2B | $8.4B |
| Q4 25 | $6.1B | $4.0B | ||
| Q3 25 | $6.0B | $4.0B | ||
| Q2 25 | $5.9B | $3.9B | ||
| Q1 25 | $5.4B | $4.1B | ||
| Q4 24 | $5.3B | $4.2B | ||
| Q3 24 | $5.1B | $4.1B | ||
| Q2 24 | $5.4B | $4.2B | ||
| Q1 24 | $2.6B | $4.1B |
| Q4 25 | $17.8B | $13.6B | ||
| Q3 25 | $17.7B | $13.5B | ||
| Q2 25 | $18.1B | $13.8B | ||
| Q1 25 | $18.5B | $13.8B | ||
| Q4 24 | $19.4B | $13.7B | ||
| Q3 24 | $19.4B | $13.8B | ||
| Q2 24 | $20.2B | $14.2B | ||
| Q1 24 | $15.0B | $16.4B |
| Q4 25 | 0.70× | 1.58× | ||
| Q3 25 | 0.72× | 1.61× | ||
| Q2 25 | 0.73× | 1.62× | ||
| Q1 25 | 0.96× | 1.55× | ||
| Q4 24 | 1.13× | 1.51× | ||
| Q3 24 | 1.25× | 1.55× | ||
| Q2 24 | 1.24× | 1.52× | ||
| Q1 24 | 1.99× | 2.02× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $808.0M | $318.7M |
| Free Cash FlowOCF − Capex | — | $279.4M |
| FCF MarginFCF / Revenue | — | 21.1% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | 2.44× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $318.7M | ||
| Q3 25 | $1.5B | $147.8M | ||
| Q2 25 | $1.2B | $158.2M | ||
| Q1 25 | $1.1B | $402.2M | ||
| Q4 24 | $1.0B | $348.0M | ||
| Q3 24 | $1.3B | $-77.8M | ||
| Q2 24 | $877.0M | $185.2M | ||
| Q1 24 | $368.0M | $384.7M |
| Q4 25 | — | $279.4M | ||
| Q3 25 | — | $101.2M | ||
| Q2 25 | — | $124.0M | ||
| Q1 25 | — | $373.8M | ||
| Q4 24 | — | $306.7M | ||
| Q3 24 | — | $-117.1M | ||
| Q2 24 | — | $145.2M | ||
| Q1 24 | — | $348.2M |
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 29.8% | ||
| Q4 24 | — | 23.0% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 24.1% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 2.44× | 1.90× | ||
| Q3 25 | 7.12× | 1.01× | ||
| Q2 25 | 1.96× | 5.49× | ||
| Q1 25 | 2.62× | 4.33× | ||
| Q4 24 | 2.44× | 1.51× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | 1.62× | 0.75× | ||
| Q1 24 | 1.74× | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
