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Side-by-side financial comparison of ESAB Corp (ESAB) 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 $727.8M, roughly 1.8× ESAB Corp). OPEN TEXT CORP runs the higher net margin — 12.7% vs 7.5%, a 5.1% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $70.3M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs -4.3%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Open Text Corporation is a global software company that develops and sells information management software.
ESAB vs OTEX — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $1.3B |
| Net Profit | $54.8M | $168.1M |
| Gross Margin | 37.0% | 74.0% |
| Operating Margin | 14.6% | 22.0% |
| Net Margin | 7.5% | 12.7% |
| Revenue YoY | 8.5% | -0.6% |
| Net Profit YoY | 2.1% | -26.9% |
| EPS (diluted) | $0.90 | $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 | $727.8M | $1.3B | ||
| Q3 25 | $715.6M | $1.3B | ||
| Q2 25 | $678.1M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $670.8M | $1.3B | ||
| Q3 24 | $673.3M | $1.3B | ||
| Q2 24 | $707.1M | $1.4B | ||
| Q1 24 | $689.7M | $1.4B |
| Q4 25 | $54.8M | $168.1M | ||
| Q3 25 | $66.9M | $146.6M | ||
| Q2 25 | $67.4M | $28.8M | ||
| Q1 25 | — | $92.8M | ||
| Q4 24 | $53.7M | $229.9M | ||
| Q3 24 | $68.2M | $84.4M | ||
| Q2 24 | $82.9M | $248.2M | ||
| Q1 24 | $60.0M | $98.3M |
| Q4 25 | 37.0% | 74.0% | ||
| Q3 25 | 37.2% | 72.8% | ||
| Q2 25 | 37.6% | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | 38.5% | 73.3% | ||
| Q3 24 | 37.7% | 71.7% | ||
| Q2 24 | 38.2% | 72.5% | ||
| Q1 24 | 37.0% | 73.0% |
| Q4 25 | 14.6% | 22.0% | ||
| Q3 25 | 15.2% | 21.0% | ||
| Q2 25 | 16.2% | 13.9% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | 16.6% | 22.2% | ||
| Q3 24 | 15.7% | 16.3% | ||
| Q2 24 | 16.9% | 14.2% | ||
| Q1 24 | 16.0% | 15.7% |
| Q4 25 | 7.5% | 12.7% | ||
| Q3 25 | 9.3% | 11.4% | ||
| Q2 25 | 9.9% | 2.2% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | 8.0% | 17.2% | ||
| Q3 24 | 10.1% | 6.6% | ||
| Q2 24 | 11.7% | 18.2% | ||
| Q1 24 | 8.7% | 6.8% |
| Q4 25 | $0.90 | $0.66 | ||
| Q3 25 | $1.09 | $0.58 | ||
| Q2 25 | $1.10 | $0.11 | ||
| Q1 25 | — | $0.35 | ||
| Q4 24 | $0.87 | $0.87 | ||
| Q3 24 | $1.11 | $0.32 | ||
| Q2 24 | $1.35 | $0.91 | ||
| Q1 24 | $0.98 | $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 | $218.2M | $1.3B |
| Total DebtLower is stronger | $1.3B | $6.4B |
| Stockholders' EquityBook value | $2.1B | $4.0B |
| Total Assets | $4.9B | $13.6B |
| Debt / EquityLower = less leverage | 0.63× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $1.3B | ||
| Q3 25 | $258.2M | $1.1B | ||
| Q2 25 | $291.3M | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $249.4M | $1.1B | ||
| Q3 24 | $253.7M | $1.0B | ||
| Q2 24 | $228.5M | $1.3B | ||
| Q1 24 | $76.5M | $1.1B |
| Q4 25 | $1.3B | $6.4B | ||
| Q3 25 | $1.1B | $6.4B | ||
| Q2 25 | $1.1B | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | $1.1B | $6.4B | ||
| Q3 24 | $1.1B | $6.4B | ||
| Q2 24 | $1.1B | $6.4B | ||
| Q1 24 | $992.8M | $8.4B |
| Q4 25 | $2.1B | $4.0B | ||
| Q3 25 | $2.1B | $4.0B | ||
| Q2 25 | $1.9B | $3.9B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | $1.8B | $4.2B | ||
| Q3 24 | $1.8B | $4.1B | ||
| Q2 24 | $1.7B | $4.2B | ||
| Q1 24 | $1.6B | $4.1B |
| Q4 25 | $4.9B | $13.6B | ||
| Q3 25 | $4.4B | $13.5B | ||
| Q2 25 | $4.2B | $13.8B | ||
| Q1 25 | — | $13.8B | ||
| Q4 24 | $4.0B | $13.7B | ||
| Q3 24 | $4.1B | $13.8B | ||
| Q2 24 | $4.0B | $14.2B | ||
| Q1 24 | $3.8B | $16.4B |
| Q4 25 | 0.63× | 1.58× | ||
| Q3 25 | 0.51× | 1.61× | ||
| Q2 25 | 0.55× | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | 0.60× | 1.51× | ||
| Q3 24 | 0.59× | 1.55× | ||
| Q2 24 | 0.63× | 1.52× | ||
| Q1 24 | 0.61× | 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 | $81.5M | $318.7M |
| Free Cash FlowOCF − Capex | $70.3M | $279.4M |
| FCF MarginFCF / Revenue | 9.7% | 21.1% |
| Capex IntensityCapex / Revenue | 1.5% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.49× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $318.7M | ||
| Q3 25 | $46.6M | $147.8M | ||
| Q2 25 | $35.4M | $158.2M | ||
| Q1 25 | — | $402.2M | ||
| Q4 24 | $126.9M | $348.0M | ||
| Q3 24 | $101.0M | $-77.8M | ||
| Q2 24 | $83.0M | $185.2M | ||
| Q1 24 | $44.5M | $384.7M |
| Q4 25 | $70.3M | $279.4M | ||
| Q3 25 | $37.4M | $101.2M | ||
| Q2 25 | $28.1M | $124.0M | ||
| Q1 25 | — | $373.8M | ||
| Q4 24 | $102.2M | $306.7M | ||
| Q3 24 | $90.4M | $-117.1M | ||
| Q2 24 | $74.0M | $145.2M | ||
| Q1 24 | $37.1M | $348.2M |
| Q4 25 | 9.7% | 21.1% | ||
| Q3 25 | 5.2% | 7.9% | ||
| Q2 25 | 4.1% | 9.5% | ||
| Q1 25 | — | 29.8% | ||
| Q4 24 | 15.2% | 23.0% | ||
| Q3 24 | 13.4% | -9.2% | ||
| Q2 24 | 10.5% | 10.7% | ||
| Q1 24 | 5.4% | 24.1% |
| Q4 25 | 1.5% | 3.0% | ||
| Q3 25 | 1.3% | 3.6% | ||
| Q2 25 | 1.1% | 2.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 3.7% | 3.1% | ||
| Q3 24 | 1.6% | 3.1% | ||
| Q2 24 | 1.3% | 2.9% | ||
| Q1 24 | 1.1% | 2.5% |
| Q4 25 | 1.49× | 1.90× | ||
| Q3 25 | 0.70× | 1.01× | ||
| Q2 25 | 0.53× | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | 2.36× | 1.51× | ||
| Q3 24 | 1.48× | -0.92× | ||
| Q2 24 | 1.00× | 0.75× | ||
| Q1 24 | 0.74× | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
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% |
