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Side-by-side financial comparison of Axon Enterprise (AXON) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
OPEN TEXT CORP is the larger business by last-quarter revenue ($1.3B vs $796.7M, roughly 1.7× Axon Enterprise). OPEN TEXT CORP runs the higher net margin — 12.7% vs 0.3%, a 12.3% gap on every dollar of revenue. On growth, Axon Enterprise posted the faster year-over-year revenue change (38.9% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $155.4M). Over the past eight quarters, Axon Enterprise's revenue compounded faster (31.5% CAGR vs -4.3%).
Axon Enterprise, Inc. is an American company based in Scottsdale, Arizona, that develops weapons and technology products for military, law enforcement, and civilians.
Open Text Corporation is a global software company that develops and sells information management software.
AXON vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $796.7M | $1.3B |
| Net Profit | $2.7M | $168.1M |
| Gross Margin | 57.9% | 74.0% |
| Operating Margin | -6.3% | 22.0% |
| Net Margin | 0.3% | 12.7% |
| Revenue YoY | 38.9% | -0.6% |
| Net Profit YoY | -98.0% | -26.9% |
| EPS (diluted) | $0.02 | $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 | $796.7M | $1.3B | ||
| Q3 25 | $710.6M | $1.3B | ||
| Q2 25 | $668.5M | $1.3B | ||
| Q1 25 | $603.6M | $1.3B | ||
| Q4 24 | $573.4M | $1.3B | ||
| Q3 24 | $544.3M | $1.3B | ||
| Q2 24 | $504.1M | $1.4B | ||
| Q1 24 | $460.7M | $1.4B |
| Q4 25 | $2.7M | $168.1M | ||
| Q3 25 | $-2.2M | $146.6M | ||
| Q2 25 | $36.1M | $28.8M | ||
| Q1 25 | $88.0M | $92.8M | ||
| Q4 24 | $136.0M | $229.9M | ||
| Q3 24 | $67.0M | $84.4M | ||
| Q2 24 | $40.8M | $248.2M | ||
| Q1 24 | $133.2M | $98.3M |
| Q4 25 | 57.9% | 74.0% | ||
| Q3 25 | 60.1% | 72.8% | ||
| Q2 25 | 60.4% | 72.3% | ||
| Q1 25 | 60.6% | 71.6% | ||
| Q4 24 | 60.5% | 73.3% | ||
| Q3 24 | 60.8% | 71.7% | ||
| Q2 24 | 60.3% | 72.5% | ||
| Q1 24 | 56.4% | 73.0% |
| Q4 25 | -6.3% | 22.0% | ||
| Q3 25 | -0.3% | 21.0% | ||
| Q2 25 | -0.2% | 13.9% | ||
| Q1 25 | -1.5% | 16.7% | ||
| Q4 24 | -2.6% | 22.2% | ||
| Q3 24 | 4.4% | 16.3% | ||
| Q2 24 | 6.5% | 14.2% | ||
| Q1 24 | 3.5% | 15.7% |
| Q4 25 | 0.3% | 12.7% | ||
| Q3 25 | -0.3% | 11.4% | ||
| Q2 25 | 5.4% | 2.2% | ||
| Q1 25 | 14.6% | 7.4% | ||
| Q4 24 | 23.7% | 17.2% | ||
| Q3 24 | 12.3% | 6.6% | ||
| Q2 24 | 8.1% | 18.2% | ||
| Q1 24 | 28.9% | 6.8% |
| Q4 25 | $0.02 | $0.66 | ||
| Q3 25 | $-0.03 | $0.58 | ||
| Q2 25 | $0.44 | $0.11 | ||
| Q1 25 | $1.08 | $0.35 | ||
| Q4 24 | $1.68 | $0.87 | ||
| Q3 24 | $0.86 | $0.32 | ||
| Q2 24 | $0.53 | $0.91 | ||
| Q1 24 | $1.73 | $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 | $1.7B | $1.3B |
| Total DebtLower is stronger | $1.8B | $6.4B |
| Stockholders' EquityBook value | $3.2B | $4.0B |
| Total Assets | $7.0B | $13.6B |
| Debt / EquityLower = less leverage | 0.56× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.2B | $1.3B | ||
| Q4 24 | $788.1M | $1.1B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $968.9M | $1.3B | ||
| Q1 24 | $964.1M | $1.1B |
| Q4 25 | $1.8B | $6.4B | ||
| Q3 25 | $2.0B | $6.4B | ||
| Q2 25 | $2.0B | $6.4B | ||
| Q1 25 | $2.0B | $6.4B | ||
| Q4 24 | $680.3M | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
| Q4 25 | $3.2B | $4.0B | ||
| Q3 25 | $3.0B | $4.0B | ||
| Q2 25 | $2.7B | $3.9B | ||
| Q1 25 | $2.6B | $4.1B | ||
| Q4 24 | $2.3B | $4.2B | ||
| Q3 24 | $2.1B | $4.1B | ||
| Q2 24 | $1.9B | $4.2B | ||
| Q1 24 | $1.8B | $4.1B |
| Q4 25 | $7.0B | $13.6B | ||
| Q3 25 | $6.7B | $13.5B | ||
| Q2 25 | $6.2B | $13.8B | ||
| Q1 25 | $6.1B | $13.8B | ||
| Q4 24 | $4.5B | $13.7B | ||
| Q3 24 | $4.0B | $13.8B | ||
| Q2 24 | $3.7B | $14.2B | ||
| Q1 24 | $3.6B | $16.4B |
| Q4 25 | 0.56× | 1.58× | ||
| Q3 25 | 0.66× | 1.61× | ||
| Q2 25 | 0.73× | 1.62× | ||
| Q1 25 | 0.79× | 1.55× | ||
| Q4 24 | 0.29× | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 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 | $217.2M | $318.7M |
| Free Cash FlowOCF − Capex | $155.4M | $279.4M |
| FCF MarginFCF / Revenue | 19.5% | 21.1% |
| Capex IntensityCapex / Revenue | 7.8% | 3.0% |
| Cash ConversionOCF / Net Profit | 79.14× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $217.2M | $318.7M | ||
| Q3 25 | $60.0M | $147.8M | ||
| Q2 25 | $-91.7M | $158.2M | ||
| Q1 25 | $25.8M | $402.2M | ||
| Q4 24 | $250.2M | $348.0M | ||
| Q3 24 | $91.3M | $-77.8M | ||
| Q2 24 | $82.8M | $185.2M | ||
| Q1 24 | $-15.9M | $384.7M |
| Q4 25 | $155.4M | $279.4M | ||
| Q3 25 | $33.4M | $101.2M | ||
| Q2 25 | $-114.7M | $124.0M | ||
| Q1 25 | $932.0K | $373.8M | ||
| Q4 24 | $225.4M | $306.7M | ||
| Q3 24 | $64.8M | $-117.1M | ||
| Q2 24 | $71.4M | $145.2M | ||
| Q1 24 | $-32.1M | $348.2M |
| Q4 25 | 19.5% | 21.1% | ||
| Q3 25 | 4.7% | 7.9% | ||
| Q2 25 | -17.2% | 9.5% | ||
| Q1 25 | 0.2% | 29.8% | ||
| Q4 24 | 39.3% | 23.0% | ||
| Q3 24 | 11.9% | -9.2% | ||
| Q2 24 | 14.2% | 10.7% | ||
| Q1 24 | -7.0% | 24.1% |
| Q4 25 | 7.8% | 3.0% | ||
| Q3 25 | 3.7% | 3.6% | ||
| Q2 25 | 3.4% | 2.6% | ||
| Q1 25 | 4.1% | 2.3% | ||
| Q4 24 | 4.3% | 3.1% | ||
| Q3 24 | 4.9% | 3.1% | ||
| Q2 24 | 2.2% | 2.9% | ||
| Q1 24 | 3.5% | 2.5% |
| Q4 25 | 79.14× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | -2.54× | 5.49× | ||
| Q1 25 | 0.29× | 4.33× | ||
| Q4 24 | 1.84× | 1.51× | ||
| Q3 24 | 1.36× | -0.92× | ||
| Q2 24 | 2.03× | 0.75× | ||
| Q1 24 | -0.12× | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXON
| Software And Sensors Segment | $342.5M | 43% |
| TASER Devices Professional | $264.2M | 33% |
| Personal Sensors | $109.1M | 14% |
| Platform Solutions | $80.9M | 10% |
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% |
