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Side-by-side financial comparison of Camping World Holdings, Inc. (CWH) 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 $1.2B, roughly 1.1× Camping World Holdings, Inc.). OPEN TEXT CORP runs the higher net margin — 12.7% vs -9.3%, a 22.0% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -2.6%). Over the past eight quarters, OPEN TEXT CORP's revenue compounded faster (-4.3% CAGR vs -7.2%).

Camping World Holdings, Inc. is an American corporation specializing in selling recreational vehicles (RVs), recreational vehicle parts, and recreational vehicle service. They also sell supplies for camping. The company has its headquarters in Lincolnshire, Illinois. In October 2016 it became a publicly traded company when it raised $251 million in an IPO. Camping World has 202 locations. In addition to its RV dealerships and accessories stores, the company sells goods through phone order and...

Open Text Corporation is a global software company that develops and sells information management software.

CWH vs OTEX — Head-to-Head

Bigger by revenue
OTEX
OTEX
1.1× larger
OTEX
$1.3B
$1.2B
CWH
Growing faster (revenue YoY)
OTEX
OTEX
+2.0% gap
OTEX
-0.6%
-2.6%
CWH
Higher net margin
OTEX
OTEX
22.0% more per $
OTEX
12.7%
-9.3%
CWH
Faster 2-yr revenue CAGR
OTEX
OTEX
Annualised
OTEX
-4.3%
-7.2%
CWH

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CWH
CWH
OTEX
OTEX
Revenue
$1.2B
$1.3B
Net Profit
$-109.1M
$168.1M
Gross Margin
28.8%
74.0%
Operating Margin
-4.3%
22.0%
Net Margin
-9.3%
12.7%
Revenue YoY
-2.6%
-0.6%
Net Profit YoY
-83.3%
-26.9%
EPS (diluted)
$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.

Revenue
CWH
CWH
OTEX
OTEX
Q4 25
$1.2B
$1.3B
Q3 25
$1.8B
$1.3B
Q2 25
$2.0B
$1.3B
Q1 25
$1.4B
$1.3B
Q4 24
$1.2B
$1.3B
Q3 24
$1.7B
$1.3B
Q2 24
$1.8B
$1.4B
Q1 24
$1.4B
$1.4B
Net Profit
CWH
CWH
OTEX
OTEX
Q4 25
$-109.1M
$168.1M
Q3 25
$-40.4M
$146.6M
Q2 25
$30.2M
$28.8M
Q1 25
$-12.3M
$92.8M
Q4 24
$-59.5M
$229.9M
Q3 24
$5.5M
$84.4M
Q2 24
$9.8M
$248.2M
Q1 24
$-22.3M
$98.3M
Gross Margin
CWH
CWH
OTEX
OTEX
Q4 25
28.8%
74.0%
Q3 25
28.6%
72.8%
Q2 25
30.0%
72.3%
Q1 25
30.4%
71.6%
Q4 24
31.3%
73.3%
Q3 24
28.9%
71.7%
Q2 24
30.3%
72.5%
Q1 24
29.5%
73.0%
Operating Margin
CWH
CWH
OTEX
OTEX
Q4 25
-4.3%
22.0%
Q3 25
4.4%
21.0%
Q2 25
6.6%
13.9%
Q1 25
1.5%
16.7%
Q4 24
-1.3%
22.2%
Q3 24
3.7%
16.3%
Q2 24
5.3%
14.2%
Q1 24
0.3%
15.7%
Net Margin
CWH
CWH
OTEX
OTEX
Q4 25
-9.3%
12.7%
Q3 25
-2.2%
11.4%
Q2 25
1.5%
2.2%
Q1 25
-0.9%
7.4%
Q4 24
-4.9%
17.2%
Q3 24
0.3%
6.6%
Q2 24
0.5%
18.2%
Q1 24
-1.6%
6.8%
EPS (diluted)
CWH
CWH
OTEX
OTEX
Q4 25
$0.66
Q3 25
$0.58
Q2 25
$0.11
Q1 25
$0.35
Q4 24
$0.87
Q3 24
$0.32
Q2 24
$0.91
Q1 24
$0.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWH
CWH
OTEX
OTEX
Cash + ST InvestmentsLiquidity on hand
$215.0M
$1.3B
Total DebtLower is stronger
$1.5B
$6.4B
Stockholders' EquityBook value
$228.6M
$4.0B
Total Assets
$5.0B
$13.6B
Debt / EquityLower = less leverage
6.44×
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWH
CWH
OTEX
OTEX
Q4 25
$215.0M
$1.3B
Q3 25
$230.5M
$1.1B
Q2 25
$118.1M
$1.2B
Q1 25
$20.9M
$1.3B
Q4 24
$208.4M
$1.1B
Q3 24
$28.4M
$1.0B
Q2 24
$23.7M
$1.3B
Q1 24
$29.7M
$1.1B
Total Debt
CWH
CWH
OTEX
OTEX
Q4 25
$1.5B
$6.4B
Q3 25
$1.5B
$6.4B
Q2 25
$1.5B
$6.4B
Q1 25
$1.5B
$6.4B
Q4 24
$1.5B
$6.4B
Q3 24
$1.5B
$6.4B
Q2 24
$1.5B
$6.4B
Q1 24
$1.6B
$8.4B
Stockholders' Equity
CWH
CWH
OTEX
OTEX
Q4 25
$228.6M
$4.0B
Q3 25
$296.2M
$4.0B
Q2 25
$340.5M
$3.9B
Q1 25
$310.5M
$4.1B
Q4 24
$326.6M
$4.2B
Q3 24
$151.6M
$4.1B
Q2 24
$149.7M
$4.2B
Q1 24
$142.8M
$4.1B
Total Assets
CWH
CWH
OTEX
OTEX
Q4 25
$5.0B
$13.6B
Q3 25
$5.0B
$13.5B
Q2 25
$5.2B
$13.8B
Q1 25
$5.1B
$13.8B
Q4 24
$4.9B
$13.7B
Q3 24
$4.7B
$13.8B
Q2 24
$5.0B
$14.2B
Q1 24
$5.1B
$16.4B
Debt / Equity
CWH
CWH
OTEX
OTEX
Q4 25
6.44×
1.58×
Q3 25
5.00×
1.61×
Q2 25
4.42×
1.62×
Q1 25
4.87×
1.55×
Q4 24
4.64×
1.51×
Q3 24
10.09×
1.55×
Q2 24
10.28×
1.52×
Q1 24
11.00×
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
CWH
CWH
OTEX
OTEX
Operating Cash FlowLast quarter
$-227.2M
$318.7M
Free Cash FlowOCF − Capex
$279.4M
FCF MarginFCF / Revenue
21.1%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
1.90×
TTM Free Cash FlowTrailing 4 quarters
$878.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWH
CWH
OTEX
OTEX
Q4 25
$-227.2M
$318.7M
Q3 25
$139.8M
$147.8M
Q2 25
$187.9M
$158.2M
Q1 25
$-232.5M
$402.2M
Q4 24
$-163.4M
$348.0M
Q3 24
$324.2M
$-77.8M
Q2 24
$152.3M
$185.2M
Q1 24
$-68.0M
$384.7M
Free Cash Flow
CWH
CWH
OTEX
OTEX
Q4 25
$279.4M
Q3 25
$101.2M
Q2 25
$124.0M
Q1 25
$373.8M
Q4 24
$306.7M
Q3 24
$-117.1M
Q2 24
$145.2M
Q1 24
$348.2M
FCF Margin
CWH
CWH
OTEX
OTEX
Q4 25
21.1%
Q3 25
7.9%
Q2 25
9.5%
Q1 25
29.8%
Q4 24
23.0%
Q3 24
-9.2%
Q2 24
10.7%
Q1 24
24.1%
Capex Intensity
CWH
CWH
OTEX
OTEX
Q4 25
3.0%
Q3 25
3.6%
Q2 25
2.6%
Q1 25
2.3%
Q4 24
3.1%
Q3 24
3.1%
Q2 24
2.9%
Q1 24
2.5%
Cash Conversion
CWH
CWH
OTEX
OTEX
Q4 25
1.90×
Q3 25
1.01×
Q2 25
6.22×
5.49×
Q1 25
4.33×
Q4 24
1.51×
Q3 24
58.93×
-0.92×
Q2 24
15.59×
0.75×
Q1 24
3.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CWH
CWH

New Vehicles$457.8M39%
Used Vehicles$386.5M33%
Products Service And Other$160.5M14%
Finance And Insurance Net$111.4M9%
Good Sam Services And Plans$48.0M4%
Good Sam Club$10.5M1%

OTEX
OTEX

Transferred At Point In Time$184.2M14%
Cybersecurity Enterprise Product$174.5M13%
Business Network Product$159.8M12%
Business Network Cloud Services And Subscriptions$151.4M11%
Content Cloud Services And Subscriptions$137.9M10%
Cybersecurity SMB Consumer Product$127.6M10%
Application Delivery Management Product$120.1M9%
IT Operations Management Product$113.3M9%
Professional Service And Other$82.5M6%
Analytics Product$58.1M4%
IT Operations Management Cloud Services And Subscriptions$7.8M1%

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