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Side-by-side financial comparison of CSP INC (CSPI) 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 $12.0M, roughly 110.2× CSP INC). OPEN TEXT CORP runs the higher net margin — 12.7% vs 0.8%, a 11.9% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -23.2%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-3.0M). Over the past eight quarters, OPEN TEXT CORP's revenue compounded faster (-4.3% CAGR vs -6.3%).
CSP Inc. is a U.S.-based technology firm offering cybersecurity solutions, managed IT services, high-performance computing systems, and IT consulting support. It serves enterprises across healthcare, finance, manufacturing, and public sectors in North America and select global markets.
Open Text Corporation is a global software company that develops and sells information management software.
CSPI vs OTEX — Head-to-Head
Income Statement — Q1 2026 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $1.3B |
| Net Profit | $91.0K | $168.1M |
| Gross Margin | 39.3% | 74.0% |
| Operating Margin | -0.9% | 22.0% |
| Net Margin | 0.8% | 12.7% |
| Revenue YoY | -23.2% | -0.6% |
| Net Profit YoY | -80.7% | -26.9% |
| EPS (diluted) | $0.01 | $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 | $12.0M | $1.3B | ||
| Q3 25 | $14.5M | $1.3B | ||
| Q2 25 | $15.4M | $1.3B | ||
| Q1 25 | $13.1M | $1.3B | ||
| Q4 24 | $15.7M | $1.3B | ||
| Q3 24 | $13.0M | $1.3B | ||
| Q2 24 | $13.1M | $1.4B | ||
| Q1 24 | $13.7M | $1.4B |
| Q4 25 | $91.0K | $168.1M | ||
| Q3 25 | $-191.0K | $146.6M | ||
| Q2 25 | $-264.0K | $28.8M | ||
| Q1 25 | $-108.0K | $92.8M | ||
| Q4 24 | $472.0K | $229.9M | ||
| Q3 24 | $-1.7M | $84.4M | ||
| Q2 24 | $-185.0K | $248.2M | ||
| Q1 24 | $1.6M | $98.3M |
| Q4 25 | 39.3% | 74.0% | ||
| Q3 25 | 36.6% | 72.8% | ||
| Q2 25 | 28.8% | 72.3% | ||
| Q1 25 | 32.0% | 71.6% | ||
| Q4 24 | 29.1% | 73.3% | ||
| Q3 24 | 28.4% | 71.7% | ||
| Q2 24 | 35.0% | 72.5% | ||
| Q1 24 | 47.3% | 73.0% |
| Q4 25 | -0.9% | 22.0% | ||
| Q3 25 | -3.7% | 21.0% | ||
| Q2 25 | -7.9% | 13.9% | ||
| Q1 25 | -7.6% | 16.7% | ||
| Q4 24 | -2.3% | 22.2% | ||
| Q3 24 | -15.7% | 16.3% | ||
| Q2 24 | -5.5% | 14.2% | ||
| Q1 24 | 9.0% | 15.7% |
| Q4 25 | 0.8% | 12.7% | ||
| Q3 25 | -1.3% | 11.4% | ||
| Q2 25 | -1.7% | 2.2% | ||
| Q1 25 | -0.8% | 7.4% | ||
| Q4 24 | 3.0% | 17.2% | ||
| Q3 24 | -12.7% | 6.6% | ||
| Q2 24 | -1.4% | 18.2% | ||
| Q1 24 | 11.6% | 6.8% |
| Q4 25 | $0.01 | $0.66 | ||
| Q3 25 | $-0.02 | $0.58 | ||
| Q2 25 | $-0.03 | $0.11 | ||
| Q1 25 | $-0.01 | $0.35 | ||
| Q4 24 | $0.05 | $0.87 | ||
| Q3 24 | $-0.17 | $0.32 | ||
| Q2 24 | $-0.02 | $0.91 | ||
| Q1 24 | $0.16 | $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 | $24.9M | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $44.8M | $4.0B |
| Total Assets | $69.2M | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $1.3B | ||
| Q3 25 | $27.4M | $1.1B | ||
| Q2 25 | $26.3M | $1.2B | ||
| Q1 25 | $29.5M | $1.3B | ||
| Q4 24 | $30.7M | $1.1B | ||
| Q3 24 | $30.6M | $1.0B | ||
| Q2 24 | $28.9M | $1.3B | ||
| Q1 24 | $27.1M | $1.1B |
| 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 24 | — | $8.4B |
| Q4 25 | $44.8M | $4.0B | ||
| Q3 25 | $44.6M | $4.0B | ||
| Q2 25 | $47.5M | $3.9B | ||
| Q1 25 | $47.5M | $4.1B | ||
| Q4 24 | $47.5M | $4.2B | ||
| Q3 24 | $47.3M | $4.1B | ||
| Q2 24 | $48.1M | $4.2B | ||
| Q1 24 | $48.2M | $4.1B |
| Q4 25 | $69.2M | $13.6B | ||
| Q3 25 | $71.2M | $13.5B | ||
| Q2 25 | $66.8M | $13.8B | ||
| Q1 25 | $67.1M | $13.8B | ||
| Q4 24 | $67.5M | $13.7B | ||
| Q3 24 | $69.4M | $13.8B | ||
| Q2 24 | $66.8M | $14.2B | ||
| Q1 24 | $64.2M | $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 | $-2.9M | $318.7M |
| Free Cash FlowOCF − Capex | $-3.0M | $279.4M |
| FCF MarginFCF / Revenue | -25.1% | 21.1% |
| Capex IntensityCapex / Revenue | 0.9% | 3.0% |
| Cash ConversionOCF / Net Profit | -32.04× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.8M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.9M | $318.7M | ||
| Q3 25 | $1.9M | $147.8M | ||
| Q2 25 | $-3.3M | $158.2M | ||
| Q1 25 | $1.9M | $402.2M | ||
| Q4 24 | $1.7M | $348.0M | ||
| Q3 24 | $-1.5M | $-77.8M | ||
| Q2 24 | $2.4M | $185.2M | ||
| Q1 24 | $1.7M | $384.7M |
| Q4 25 | $-3.0M | $279.4M | ||
| Q3 25 | $1.7M | $101.2M | ||
| Q2 25 | $-3.3M | $124.0M | ||
| Q1 25 | $1.9M | $373.8M | ||
| Q4 24 | $1.7M | $306.7M | ||
| Q3 24 | $-1.5M | $-117.1M | ||
| Q2 24 | $2.4M | $145.2M | ||
| Q1 24 | $1.6M | $348.2M |
| Q4 25 | -25.1% | 21.1% | ||
| Q3 25 | 11.5% | 7.9% | ||
| Q2 25 | -21.7% | 9.5% | ||
| Q1 25 | 14.5% | 29.8% | ||
| Q4 24 | 10.8% | 23.0% | ||
| Q3 24 | -11.7% | -9.2% | ||
| Q2 24 | 17.9% | 10.7% | ||
| Q1 24 | 11.9% | 24.1% |
| Q4 25 | 0.9% | 3.0% | ||
| Q3 25 | 1.6% | 3.6% | ||
| Q2 25 | 0.4% | 2.6% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.3% | 3.1% | ||
| Q3 24 | 0.1% | 3.1% | ||
| Q2 24 | 0.3% | 2.9% | ||
| Q1 24 | 0.1% | 2.5% |
| Q4 25 | -32.04× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | 3.69× | 1.51× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | 1.04× | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
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% |
