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Side-by-side financial comparison of CONDUENT Inc (CNDT) 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 $770.0M, roughly 1.7× CONDUENT Inc). OPEN TEXT CORP runs the higher net margin — 13.5% vs -4.3%, a 17.7% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (2.2% vs -3.8%). OPEN TEXT CORP produced more free cash flow last quarter ($305.0M vs $24.0M). Over the past eight quarters, OPEN TEXT CORP's revenue compounded faster (-3.0% CAGR vs -8.6%).
Conduent Inc. is an American business services provider company headquartered in Florham Park, New Jersey. It was formed in 2017 as a divestiture from Xerox. The company offers digital platforms for businesses and governments. As of 2026, it has over 54,000 employees working across 24 countries.
Open Text Corporation is a global software company that develops and sells information management software.
CNDT vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $770.0M | $1.3B |
| Net Profit | $-33.0M | $172.7M |
| Gross Margin | 19.0% | 73.1% |
| Operating Margin | -3.6% | 15.7% |
| Net Margin | -4.3% | 13.5% |
| Revenue YoY | -3.8% | 2.2% |
| Net Profit YoY | -175.0% | — |
| EPS (diluted) | $-0.25 | $0.70 |
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 | — | $1.3B | ||
| Q4 25 | $770.0M | $1.3B | ||
| Q3 25 | $767.0M | $1.3B | ||
| Q2 25 | $754.0M | $1.3B | ||
| Q1 25 | $751.0M | $1.3B | ||
| Q4 24 | $800.0M | $1.3B | ||
| Q3 24 | $807.0M | $1.3B | ||
| Q2 24 | $828.0M | $1.4B |
| Q1 26 | — | $172.7M | ||
| Q4 25 | $-33.0M | $168.1M | ||
| Q3 25 | $-46.0M | $146.6M | ||
| Q2 25 | $-40.0M | $28.8M | ||
| Q1 25 | $-51.0M | $92.8M | ||
| Q4 24 | $-12.0M | $229.9M | ||
| Q3 24 | $123.0M | $84.4M | ||
| Q2 24 | $216.0M | $248.2M |
| Q1 26 | — | 73.1% | ||
| Q4 25 | 19.0% | 74.0% | ||
| Q3 25 | 17.7% | 72.8% | ||
| Q2 25 | 18.2% | 72.3% | ||
| Q1 25 | 17.7% | 71.6% | ||
| Q4 24 | 17.3% | 73.3% | ||
| Q3 24 | 18.7% | 71.7% | ||
| Q2 24 | 18.2% | 72.5% |
| Q1 26 | — | 15.7% | ||
| Q4 25 | -3.6% | 22.0% | ||
| Q3 25 | -5.0% | 21.0% | ||
| Q2 25 | -5.0% | 13.9% | ||
| Q1 25 | -7.5% | 16.7% | ||
| Q4 24 | -10.3% | 22.2% | ||
| Q3 24 | 19.7% | 16.3% | ||
| Q2 24 | 36.2% | 14.2% |
| Q1 26 | — | 13.5% | ||
| Q4 25 | -4.3% | 12.7% | ||
| Q3 25 | -6.0% | 11.4% | ||
| Q2 25 | -5.3% | 2.2% | ||
| Q1 25 | -6.8% | 7.4% | ||
| Q4 24 | -1.5% | 17.2% | ||
| Q3 24 | 15.2% | 6.6% | ||
| Q2 24 | 26.1% | 18.2% |
| Q1 26 | — | $0.70 | ||
| Q4 25 | $-0.25 | $0.66 | ||
| Q3 25 | $-0.30 | $0.58 | ||
| Q2 25 | $-0.26 | $0.11 | ||
| Q1 25 | $-0.33 | $0.35 | ||
| Q4 24 | $-0.02 | $0.87 | ||
| Q3 24 | $0.72 | $0.32 | ||
| Q2 24 | $1.07 | $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 | $233.0M | $1.3B |
| Total DebtLower is stronger | $665.0M | $6.2B |
| Stockholders' EquityBook value | $685.0M | $4.0B |
| Total Assets | $2.4B | $13.3B |
| Debt / EquityLower = less leverage | 0.97× | 1.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $233.0M | $1.3B | ||
| Q3 25 | $248.0M | $1.1B | ||
| Q2 25 | $275.0M | $1.2B | ||
| Q1 25 | $277.0M | $1.3B | ||
| Q4 24 | $366.0M | $1.1B | ||
| Q3 24 | $393.0M | $1.0B | ||
| Q2 24 | $300.0M | $1.3B |
| Q1 26 | — | $6.2B | ||
| Q4 25 | $665.0M | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | $615.0M | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $685.0M | $4.0B | ||
| Q3 25 | $717.0M | $4.0B | ||
| Q2 25 | $777.0M | $3.9B | ||
| Q1 25 | $800.0M | $4.1B | ||
| Q4 24 | $839.0M | $4.2B | ||
| Q3 24 | $877.0M | $4.1B | ||
| Q2 24 | $751.0M | $4.2B |
| Q1 26 | — | $13.3B | ||
| Q4 25 | $2.4B | $13.6B | ||
| Q3 25 | $2.5B | $13.5B | ||
| Q2 25 | $2.5B | $13.8B | ||
| Q1 25 | $2.5B | $13.8B | ||
| Q4 24 | $2.6B | $13.7B | ||
| Q3 24 | $2.8B | $13.8B | ||
| Q2 24 | $2.8B | $14.2B |
| Q1 26 | — | 1.57× | ||
| Q4 25 | 0.97× | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | 0.73× | 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 | $39.0M | $354.6M |
| Free Cash FlowOCF − Capex | $24.0M | $305.0M |
| FCF MarginFCF / Revenue | 3.1% | 23.8% |
| Capex IntensityCapex / Revenue | 1.9% | 3.9% |
| Cash ConversionOCF / Net Profit | — | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | $-132.0M | $809.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $354.6M | ||
| Q4 25 | $39.0M | $318.7M | ||
| Q3 25 | $-39.0M | $147.8M | ||
| Q2 25 | $-15.0M | $158.2M | ||
| Q1 25 | $-58.0M | $402.2M | ||
| Q4 24 | $41.0M | $348.0M | ||
| Q3 24 | $-13.0M | $-77.8M | ||
| Q2 24 | $-41.0M | $185.2M |
| Q1 26 | — | $305.0M | ||
| Q4 25 | $24.0M | $279.4M | ||
| Q3 25 | $-54.0M | $101.2M | ||
| Q2 25 | $-30.0M | $124.0M | ||
| Q1 25 | $-72.0M | $373.8M | ||
| Q4 24 | $30.0M | $306.7M | ||
| Q3 24 | $-21.0M | $-117.1M | ||
| Q2 24 | $-59.0M | $145.2M |
| Q1 26 | — | 23.8% | ||
| Q4 25 | 3.1% | 21.1% | ||
| Q3 25 | -7.0% | 7.9% | ||
| Q2 25 | -4.0% | 9.5% | ||
| Q1 25 | -9.6% | 29.8% | ||
| Q4 24 | 3.8% | 23.0% | ||
| Q3 24 | -2.6% | -9.2% | ||
| Q2 24 | -7.1% | 10.7% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | 1.9% | 3.0% | ||
| Q3 25 | 2.0% | 3.6% | ||
| Q2 25 | 2.0% | 2.6% | ||
| Q1 25 | 1.9% | 2.3% | ||
| Q4 24 | 1.4% | 3.1% | ||
| Q3 24 | 1.0% | 3.1% | ||
| Q2 24 | 2.2% | 2.9% |
| Q1 26 | — | 2.05× | ||
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | -0.11× | -0.92× | ||
| Q2 24 | -0.19× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNDT
| Government Segment | $230.0M | 30% |
| Integrated Digital Solutions | $134.0M | 17% |
| Customer Experience Management | $127.0M | 16% |
| B Paa S | $116.0M | 15% |
| Government Services Solutions | $93.0M | 12% |
| Transferred At Point In Time | $36.0M | 5% |
| Other | $34.0M | 4% |
OTEX
| Customer support | $564.8M | 44% |
| Cloud services and subscriptions | $492.9M | 38% |
| License | $145.1M | 11% |
| Professional service and other | $79.6M | 6% |
