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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
Bath & Body Works, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.2× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs 4.8%, a 7.8% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -1.0%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-1.0M). Over the past eight quarters, OPEN TEXT CORP's revenue compounded faster (-4.3% CAGR vs -26.0%).
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
Open Text Corporation is a global software company that develops and sells information management software.
BBWI vs OTEX — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.3B |
| Net Profit | $77.0M | $168.1M |
| Gross Margin | 41.3% | 74.0% |
| Operating Margin | 10.1% | 22.0% |
| Net Margin | 4.8% | 12.7% |
| Revenue YoY | -1.0% | -0.6% |
| Net Profit YoY | -27.4% | -26.9% |
| EPS (diluted) | $0.37 | $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 | $1.6B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $2.8B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $2.9B | $1.4B |
| Q4 25 | $77.0M | $168.1M | ||
| Q3 25 | $64.0M | $146.6M | ||
| Q2 25 | $105.0M | $28.8M | ||
| Q1 25 | $453.0M | $92.8M | ||
| Q4 24 | $106.0M | $229.9M | ||
| Q3 24 | $152.0M | $84.4M | ||
| Q2 24 | $87.0M | $248.2M | ||
| Q1 24 | $579.0M | $98.3M |
| Q4 25 | 41.3% | 74.0% | ||
| Q3 25 | 41.3% | 72.8% | ||
| Q2 25 | 45.4% | 72.3% | ||
| Q1 25 | 46.7% | 71.6% | ||
| Q4 24 | 43.5% | 73.3% | ||
| Q3 24 | 41.0% | 71.7% | ||
| Q2 24 | 43.8% | 72.5% | ||
| Q1 24 | 45.9% | 73.0% |
| Q4 25 | 10.1% | 22.0% | ||
| Q3 25 | 10.1% | 21.0% | ||
| Q2 25 | 14.7% | 13.9% | ||
| Q1 25 | 24.3% | 16.7% | ||
| Q4 24 | 13.5% | 22.2% | ||
| Q3 24 | 12.0% | 16.3% | ||
| Q2 24 | 13.5% | 14.2% | ||
| Q1 24 | 23.9% | 15.7% |
| Q4 25 | 4.8% | 12.7% | ||
| Q3 25 | 4.1% | 11.4% | ||
| Q2 25 | 7.4% | 2.2% | ||
| Q1 25 | 16.3% | 7.4% | ||
| Q4 24 | 6.6% | 17.2% | ||
| Q3 24 | 10.0% | 6.6% | ||
| Q2 24 | 6.3% | 18.2% | ||
| Q1 24 | 19.9% | 6.8% |
| Q4 25 | $0.37 | $0.66 | ||
| Q3 25 | $0.30 | $0.58 | ||
| Q2 25 | $0.49 | $0.11 | ||
| Q1 25 | $2.06 | $0.35 | ||
| Q4 24 | $0.49 | $0.87 | ||
| Q3 24 | $0.68 | $0.32 | ||
| Q2 24 | $0.38 | $0.91 | ||
| Q1 24 | $2.54 | $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 | $236.0M | $1.3B |
| Total DebtLower is stronger | $3.9B | $6.4B |
| Stockholders' EquityBook value | $-1.6B | $4.0B |
| Total Assets | $5.0B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.0M | $1.3B | ||
| Q3 25 | $364.0M | $1.1B | ||
| Q2 25 | $636.0M | $1.2B | ||
| Q1 25 | $674.0M | $1.3B | ||
| Q4 24 | $191.0M | $1.1B | ||
| Q3 24 | $514.0M | $1.0B | ||
| Q2 24 | $855.0M | $1.3B | ||
| Q1 24 | $1.1B | $1.1B |
| Q4 25 | $3.9B | $6.4B | ||
| Q3 25 | $3.9B | $6.4B | ||
| Q2 25 | $3.9B | $6.4B | ||
| Q1 25 | $3.9B | $6.4B | ||
| Q4 24 | $4.2B | $6.4B | ||
| Q3 24 | $4.2B | $6.4B | ||
| Q2 24 | $4.3B | $6.4B | ||
| Q1 24 | $4.4B | $8.4B |
| Q4 25 | $-1.6B | $4.0B | ||
| Q3 25 | $-1.5B | $4.0B | ||
| Q2 25 | $-1.5B | $3.9B | ||
| Q1 25 | $-1.4B | $4.1B | ||
| Q4 24 | $-1.7B | $4.2B | ||
| Q3 24 | $-1.7B | $4.1B | ||
| Q2 24 | $-1.7B | $4.2B | ||
| Q1 24 | $-1.6B | $4.1B |
| Q4 25 | $5.0B | $13.6B | ||
| Q3 25 | $4.8B | $13.5B | ||
| Q2 25 | $4.9B | $13.8B | ||
| Q1 25 | $4.9B | $13.8B | ||
| Q4 24 | $5.0B | $13.7B | ||
| Q3 24 | $4.9B | $13.8B | ||
| Q2 24 | $5.2B | $14.2B | ||
| Q1 24 | $5.5B | $16.4B |
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 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 | $80.0M | $318.7M |
| Free Cash FlowOCF − Capex | $-1.0M | $279.4M |
| FCF MarginFCF / Revenue | -0.1% | 21.1% |
| Capex IntensityCapex / Revenue | 5.1% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.04× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $318.7M | ||
| Q3 25 | $-43.0M | $147.8M | ||
| Q2 25 | $188.0M | $158.2M | ||
| Q1 25 | $955.0M | $402.2M | ||
| Q4 24 | $-99.0M | $348.0M | ||
| Q3 24 | $-46.0M | $-77.8M | ||
| Q2 24 | $76.0M | $185.2M | ||
| Q1 24 | $926.0M | $384.7M |
| Q4 25 | $-1.0M | $279.4M | ||
| Q3 25 | $-99.0M | $101.2M | ||
| Q2 25 | $151.0M | $124.0M | ||
| Q1 25 | $895.0M | $373.8M | ||
| Q4 24 | $-164.0M | $306.7M | ||
| Q3 24 | $-101.0M | $-117.1M | ||
| Q2 24 | $30.0M | $145.2M | ||
| Q1 24 | $878.0M | $348.2M |
| Q4 25 | -0.1% | 21.1% | ||
| Q3 25 | -6.4% | 7.9% | ||
| Q2 25 | 10.6% | 9.5% | ||
| Q1 25 | 32.1% | 29.8% | ||
| Q4 24 | -10.2% | 23.0% | ||
| Q3 24 | -6.6% | -9.2% | ||
| Q2 24 | 2.2% | 10.7% | ||
| Q1 24 | 30.2% | 24.1% |
| Q4 25 | 5.1% | 3.0% | ||
| Q3 25 | 3.6% | 3.6% | ||
| Q2 25 | 2.6% | 2.6% | ||
| Q1 25 | 2.2% | 2.3% | ||
| Q4 24 | 4.0% | 3.1% | ||
| Q3 24 | 3.6% | 3.1% | ||
| Q2 24 | 3.3% | 2.9% | ||
| Q1 24 | 1.6% | 2.5% |
| Q4 25 | 1.04× | 1.90× | ||
| Q3 25 | -0.67× | 1.01× | ||
| Q2 25 | 1.79× | 5.49× | ||
| Q1 25 | 2.11× | 4.33× | ||
| Q4 24 | -0.93× | 1.51× | ||
| Q3 24 | -0.30× | -0.92× | ||
| Q2 24 | 0.87× | 0.75× | ||
| Q1 24 | 1.60× | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
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% |
