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Side-by-side financial comparison of TopBuild Corp (BLD) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.1× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs 7.0%, a 5.6% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $159.4M). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs -4.3%).
HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
Open Text Corporation is a global software company that develops and sells information management software.
BLD vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.3B |
| Net Profit | $104.5M | $168.1M |
| Gross Margin | 27.2% | 74.0% |
| Operating Margin | 12.1% | 22.0% |
| Net Margin | 7.0% | 12.7% |
| Revenue YoY | 13.2% | -0.6% |
| Net Profit YoY | -30.6% | -26.9% |
| EPS (diluted) | $3.69 | $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 | $1.5B | $1.3B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.3B | $1.4B |
| Q4 25 | $104.5M | $168.1M | ||
| Q3 25 | $142.2M | $146.6M | ||
| Q2 25 | $151.6M | $28.8M | ||
| Q1 25 | $123.4M | $92.8M | ||
| Q4 24 | $150.5M | $229.9M | ||
| Q3 24 | $169.0M | $84.4M | ||
| Q2 24 | $150.7M | $248.2M | ||
| Q1 24 | $152.4M | $98.3M |
| Q4 25 | 27.2% | 74.0% | ||
| Q3 25 | 30.1% | 72.8% | ||
| Q2 25 | 30.4% | 72.3% | ||
| Q1 25 | 28.5% | 71.6% | ||
| Q4 24 | 29.9% | 73.3% | ||
| Q3 24 | 30.7% | 71.7% | ||
| Q2 24 | 31.0% | 72.5% | ||
| Q1 24 | 30.3% | 73.0% |
| Q4 25 | 12.1% | 22.0% | ||
| Q3 25 | 15.4% | 21.0% | ||
| Q2 25 | 16.9% | 13.9% | ||
| Q1 25 | 14.4% | 16.7% | ||
| Q4 24 | 16.6% | 22.2% | ||
| Q3 24 | 17.8% | 16.3% | ||
| Q2 24 | 15.4% | 14.2% | ||
| Q1 24 | 16.8% | 15.7% |
| Q4 25 | 7.0% | 12.7% | ||
| Q3 25 | 10.2% | 11.4% | ||
| Q2 25 | 11.7% | 2.2% | ||
| Q1 25 | 10.0% | 7.4% | ||
| Q4 24 | 11.5% | 17.2% | ||
| Q3 24 | 12.3% | 6.6% | ||
| Q2 24 | 11.0% | 18.2% | ||
| Q1 24 | 11.9% | 6.8% |
| Q4 25 | $3.69 | $0.66 | ||
| Q3 25 | $5.04 | $0.58 | ||
| Q2 25 | $5.32 | $0.11 | ||
| Q1 25 | $4.23 | $0.35 | ||
| Q4 24 | $5.07 | $0.87 | ||
| Q3 24 | $5.65 | $0.32 | ||
| Q2 24 | $4.78 | $0.91 | ||
| Q1 24 | $4.79 | $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 | $184.7M | $1.3B |
| Total DebtLower is stronger | $2.8B | $6.4B |
| Stockholders' EquityBook value | $2.3B | $4.0B |
| Total Assets | $6.6B | $13.6B |
| Debt / EquityLower = less leverage | 1.23× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.7M | $1.3B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $842.5M | $1.2B | ||
| Q1 25 | $308.8M | $1.3B | ||
| Q4 24 | $400.3M | $1.1B | ||
| Q3 24 | $257.3M | $1.0B | ||
| Q2 24 | $463.2M | $1.3B | ||
| Q1 24 | $968.8M | $1.1B |
| Q4 25 | $2.8B | $6.4B | ||
| Q3 25 | $2.9B | $6.4B | ||
| Q2 25 | $1.9B | $6.4B | ||
| Q1 25 | $1.4B | $6.4B | ||
| Q4 24 | $1.4B | $6.4B | ||
| Q3 24 | $1.4B | $6.4B | ||
| Q2 24 | $1.4B | $6.4B | ||
| Q1 24 | $1.4B | $8.4B |
| Q4 25 | $2.3B | $4.0B | ||
| Q3 25 | $2.2B | $4.0B | ||
| Q2 25 | $2.1B | $3.9B | ||
| Q1 25 | $2.1B | $4.1B | ||
| Q4 24 | $2.2B | $4.2B | ||
| Q3 24 | $2.1B | $4.1B | ||
| Q2 24 | $2.4B | $4.2B | ||
| Q1 24 | $2.7B | $4.1B |
| Q4 25 | $6.6B | $13.6B | ||
| Q3 25 | $6.4B | $13.5B | ||
| Q2 25 | $5.1B | $13.8B | ||
| Q1 25 | $4.6B | $13.8B | ||
| Q4 24 | $4.7B | $13.7B | ||
| Q3 24 | $4.7B | $13.8B | ||
| Q2 24 | $4.9B | $14.2B | ||
| Q1 24 | $5.3B | $16.4B |
| Q4 25 | 1.23× | 1.58× | ||
| Q3 25 | 1.29× | 1.61× | ||
| Q2 25 | 0.88× | 1.62× | ||
| Q1 25 | 0.65× | 1.55× | ||
| Q4 24 | 0.62× | 1.51× | ||
| Q3 24 | 0.66× | 1.55× | ||
| Q2 24 | 0.59× | 1.52× | ||
| Q1 24 | 0.52× | 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 | $176.7M | $318.7M |
| Free Cash FlowOCF − Capex | $159.4M | $279.4M |
| FCF MarginFCF / Revenue | 10.7% | 21.1% |
| Capex IntensityCapex / Revenue | 1.2% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.69× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $696.9M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $176.7M | $318.7M | ||
| Q3 25 | $233.3M | $147.8M | ||
| Q2 25 | $193.7M | $158.2M | ||
| Q1 25 | $152.6M | $402.2M | ||
| Q4 24 | $266.2M | $348.0M | ||
| Q3 24 | $240.7M | $-77.8M | ||
| Q2 24 | $90.4M | $185.2M | ||
| Q1 24 | $178.8M | $384.7M |
| Q4 25 | $159.4M | $279.4M | ||
| Q3 25 | $216.2M | $101.2M | ||
| Q2 25 | $182.2M | $124.0M | ||
| Q1 25 | $139.2M | $373.8M | ||
| Q4 24 | $253.7M | $306.7M | ||
| Q3 24 | $219.8M | $-117.1M | ||
| Q2 24 | $74.3M | $145.2M | ||
| Q1 24 | $158.9M | $348.2M |
| Q4 25 | 10.7% | 21.1% | ||
| Q3 25 | 15.5% | 7.9% | ||
| Q2 25 | 14.0% | 9.5% | ||
| Q1 25 | 11.3% | 29.8% | ||
| Q4 24 | 19.3% | 23.0% | ||
| Q3 24 | 16.0% | -9.2% | ||
| Q2 24 | 5.4% | 10.7% | ||
| Q1 24 | 12.4% | 24.1% |
| Q4 25 | 1.2% | 3.0% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 0.9% | 2.6% | ||
| Q1 25 | 1.1% | 2.3% | ||
| Q4 24 | 1.0% | 3.1% | ||
| Q3 24 | 1.5% | 3.1% | ||
| Q2 24 | 1.2% | 2.9% | ||
| Q1 24 | 1.6% | 2.5% |
| Q4 25 | 1.69× | 1.90× | ||
| Q3 25 | 1.64× | 1.01× | ||
| Q2 25 | 1.28× | 5.49× | ||
| Q1 25 | 1.24× | 4.33× | ||
| Q4 24 | 1.77× | 1.51× | ||
| Q3 24 | 1.42× | -0.92× | ||
| Q2 24 | 0.60× | 0.75× | ||
| Q1 24 | 1.17× | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
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% |
