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Side-by-side financial comparison of BELDEN INC. (BDC) 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 $696.4M, roughly 1.9× BELDEN INC.). OPEN TEXT CORP runs the higher net margin — 12.7% vs 7.3%, a 5.3% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -4.3%).
Belden Inc. is an American, multinational, publicly traded company specializing in the design, manufacture, and distribution of end-to-end networking, security and connectivity products. The company serves the Industrial Automation Solutions, Smart Buildings and Broadband & 5G markets.
Open Text Corporation is a global software company that develops and sells information management software.
BDC vs OTEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.3B |
| Net Profit | $51.0M | $168.1M |
| Gross Margin | 37.1% | 74.0% |
| Operating Margin | 11.2% | 22.0% |
| Net Margin | 7.3% | 12.7% |
| Revenue YoY | 11.4% | -0.6% |
| Net Profit YoY | -1.8% | -26.9% |
| EPS (diluted) | $1.30 | $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.
| Q1 26 | $696.4M | — | ||
| Q4 25 | $720.1M | $1.3B | ||
| Q3 25 | $698.2M | $1.3B | ||
| Q2 25 | $672.0M | $1.3B | ||
| Q1 25 | $624.9M | $1.3B | ||
| Q4 24 | $666.0M | $1.3B | ||
| Q3 24 | $654.9M | $1.3B | ||
| Q2 24 | $604.3M | $1.4B |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $168.1M | ||
| Q3 25 | $56.7M | $146.6M | ||
| Q2 25 | $61.0M | $28.8M | ||
| Q1 25 | $51.9M | $92.8M | ||
| Q4 24 | $58.4M | $229.9M | ||
| Q3 24 | $53.7M | $84.4M | ||
| Q2 24 | $49.0M | $248.2M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 74.0% | ||
| Q3 25 | 37.7% | 72.8% | ||
| Q2 25 | 38.5% | 72.3% | ||
| Q1 25 | 39.3% | 71.6% | ||
| Q4 24 | 37.5% | 73.3% | ||
| Q3 24 | 37.3% | 71.7% | ||
| Q2 24 | 37.5% | 72.5% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 22.0% | ||
| Q3 25 | 10.9% | 21.0% | ||
| Q2 25 | 11.8% | 13.9% | ||
| Q1 25 | 11.6% | 16.7% | ||
| Q4 24 | 10.4% | 22.2% | ||
| Q3 24 | 11.5% | 16.3% | ||
| Q2 24 | 11.4% | 14.2% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 12.7% | ||
| Q3 25 | 8.1% | 11.4% | ||
| Q2 25 | 9.1% | 2.2% | ||
| Q1 25 | 8.3% | 7.4% | ||
| Q4 24 | 8.8% | 17.2% | ||
| Q3 24 | 8.2% | 6.6% | ||
| Q2 24 | 8.1% | 18.2% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $0.66 | ||
| Q3 25 | $1.41 | $0.58 | ||
| Q2 25 | $1.53 | $0.11 | ||
| Q1 25 | $1.27 | $0.35 | ||
| Q4 24 | $1.41 | $0.87 | ||
| Q3 24 | $1.30 | $0.32 | ||
| Q2 24 | $1.19 | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $272.2M | $1.3B |
| Total DebtLower is stronger | $1.3B | $6.4B |
| Stockholders' EquityBook value | $1.3B | $4.0B |
| Total Assets | — | $13.6B |
| Debt / EquityLower = less leverage | 0.98× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $1.3B | ||
| Q3 25 | $314.3M | $1.1B | ||
| Q2 25 | $301.5M | $1.2B | ||
| Q1 25 | $259.0M | $1.3B | ||
| Q4 24 | $370.3M | $1.1B | ||
| Q3 24 | $323.0M | $1.0B | ||
| Q2 24 | $564.8M | $1.3B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $4.0B | ||
| Q3 25 | $1.2B | $4.0B | ||
| Q2 25 | $1.2B | $3.9B | ||
| Q1 25 | $1.2B | $4.1B | ||
| Q4 24 | $1.3B | $4.2B | ||
| Q3 24 | $1.2B | $4.1B | ||
| Q2 24 | $1.2B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $13.6B | ||
| Q3 25 | $3.4B | $13.5B | ||
| Q2 25 | $3.4B | $13.8B | ||
| Q1 25 | $3.3B | $13.8B | ||
| Q4 24 | $3.3B | $13.7B | ||
| Q3 24 | $3.3B | $13.8B | ||
| Q2 24 | $3.5B | $14.2B |
| Q1 26 | 0.98× | — | ||
| 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× |
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 | — | $318.7M |
| Free Cash FlowOCF − Capex | $-63.1M | $279.4M |
| FCF MarginFCF / Revenue | -9.1% | 21.1% |
| Capex IntensityCapex / Revenue | 6.4% | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $318.7M | ||
| Q3 25 | $105.0M | $147.8M | ||
| Q2 25 | $82.0M | $158.2M | ||
| Q1 25 | $7.4M | $402.2M | ||
| Q4 24 | $174.7M | $348.0M | ||
| Q3 24 | $91.7M | $-77.8M | ||
| Q2 24 | $83.0M | $185.2M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $279.4M | ||
| Q3 25 | $65.3M | $101.2M | ||
| Q2 25 | $56.9M | $124.0M | ||
| Q1 25 | $-24.8M | $373.8M | ||
| Q4 24 | $116.4M | $306.7M | ||
| Q3 24 | $67.2M | $-117.1M | ||
| Q2 24 | $61.0M | $145.2M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 21.1% | ||
| Q3 25 | 9.4% | 7.9% | ||
| Q2 25 | 8.5% | 9.5% | ||
| Q1 25 | -4.0% | 29.8% | ||
| Q4 24 | 17.5% | 23.0% | ||
| Q3 24 | 10.3% | -9.2% | ||
| Q2 24 | 10.1% | 10.7% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 3.0% | ||
| Q3 25 | 5.7% | 3.6% | ||
| Q2 25 | 3.7% | 2.6% | ||
| Q1 25 | 5.2% | 2.3% | ||
| Q4 24 | 8.8% | 3.1% | ||
| Q3 24 | 3.7% | 3.1% | ||
| Q2 24 | 3.6% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 1.90× | ||
| Q3 25 | 1.85× | 1.01× | ||
| Q2 25 | 1.34× | 5.49× | ||
| Q1 25 | 0.14× | 4.33× | ||
| Q4 24 | 2.99× | 1.51× | ||
| Q3 24 | 1.71× | -0.92× | ||
| Q2 24 | 1.69× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
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% |
