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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) 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 $888.0M, roughly 1.5× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 12.7%, a 16.7% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs -0.6%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $279.4M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs -4.3%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
Open Text Corporation is a global software company that develops and sells information management software.
FHN vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $1.3B |
| Net Profit | $261.0M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | 38.5% | 22.0% |
| Net Margin | 29.4% | 12.7% |
| Revenue YoY | 21.8% | -0.6% |
| Net Profit YoY | 57.2% | -26.9% |
| EPS (diluted) | $0.51 | $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 | $888.0M | $1.3B | ||
| Q3 25 | $889.0M | $1.3B | ||
| Q2 25 | $830.0M | $1.3B | ||
| Q1 25 | $812.0M | $1.3B | ||
| Q4 24 | $729.0M | $1.3B | ||
| Q3 24 | $827.0M | $1.3B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $819.0M | $1.4B |
| Q4 25 | $261.0M | $168.1M | ||
| Q3 25 | $262.0M | $146.6M | ||
| Q2 25 | $241.0M | $28.8M | ||
| Q1 25 | $218.0M | $92.8M | ||
| Q4 24 | $166.0M | $229.9M | ||
| Q3 24 | $218.0M | $84.4M | ||
| Q2 24 | — | $248.2M | ||
| Q1 24 | $192.0M | $98.3M |
| Q4 25 | — | 74.0% | ||
| Q3 25 | — | 72.8% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | — | 73.3% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | — | 72.5% | ||
| Q1 24 | — | 73.0% |
| Q4 25 | 38.5% | 22.0% | ||
| Q3 25 | 38.7% | 21.0% | ||
| Q2 25 | 37.2% | 13.9% | ||
| Q1 25 | 35.1% | 16.7% | ||
| Q4 24 | 28.8% | 22.2% | ||
| Q3 24 | 34.0% | 16.3% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | 31.0% | 15.7% |
| Q4 25 | 29.4% | 12.7% | ||
| Q3 25 | 29.5% | 11.4% | ||
| Q2 25 | 29.0% | 2.2% | ||
| Q1 25 | 26.8% | 7.4% | ||
| Q4 24 | 22.8% | 17.2% | ||
| Q3 24 | 26.4% | 6.6% | ||
| Q2 24 | — | 18.2% | ||
| Q1 24 | 23.4% | 6.8% |
| Q4 25 | $0.51 | $0.66 | ||
| Q3 25 | $0.50 | $0.58 | ||
| Q2 25 | $0.45 | $0.11 | ||
| Q1 25 | $0.41 | $0.35 | ||
| Q4 24 | $0.29 | $0.87 | ||
| Q3 24 | $0.40 | $0.32 | ||
| Q2 24 | — | $0.91 | ||
| Q1 24 | $0.33 | $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 | — | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $8.8B | $4.0B |
| Total Assets | $83.9B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $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 | $8.8B | $4.0B | ||
| Q3 25 | $8.9B | $4.0B | ||
| Q2 25 | $9.0B | $3.9B | ||
| Q1 25 | $8.7B | $4.1B | ||
| Q4 24 | $8.8B | $4.2B | ||
| Q3 24 | $9.0B | $4.1B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | $8.9B | $4.1B |
| Q4 25 | $83.9B | $13.6B | ||
| Q3 25 | $83.2B | $13.5B | ||
| Q2 25 | $82.1B | $13.8B | ||
| Q1 25 | $81.5B | $13.8B | ||
| Q4 24 | $82.2B | $13.7B | ||
| Q3 24 | $82.6B | $13.8B | ||
| Q2 24 | — | $14.2B | ||
| Q1 24 | $81.8B | $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 | $396.0M | $318.7M |
| Free Cash FlowOCF − Capex | $389.0M | $279.4M |
| FCF MarginFCF / Revenue | 43.8% | 21.1% |
| Capex IntensityCapex / Revenue | 0.8% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.52× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $318.7M | ||
| Q3 25 | $-200.0M | $147.8M | ||
| Q2 25 | $83.0M | $158.2M | ||
| Q1 25 | $349.0M | $402.2M | ||
| Q4 24 | $191.0M | $348.0M | ||
| Q3 24 | $389.0M | $-77.8M | ||
| Q2 24 | — | $185.2M | ||
| Q1 24 | $838.0M | $384.7M |
| Q4 25 | $389.0M | $279.4M | ||
| Q3 25 | $-208.0M | $101.2M | ||
| Q2 25 | $74.0M | $124.0M | ||
| Q1 25 | $340.0M | $373.8M | ||
| Q4 24 | $174.0M | $306.7M | ||
| Q3 24 | $383.0M | $-117.1M | ||
| Q2 24 | — | $145.2M | ||
| Q1 24 | $828.0M | $348.2M |
| Q4 25 | 43.8% | 21.1% | ||
| Q3 25 | -23.4% | 7.9% | ||
| Q2 25 | 8.9% | 9.5% | ||
| Q1 25 | 41.9% | 29.8% | ||
| Q4 24 | 23.9% | 23.0% | ||
| Q3 24 | 46.3% | -9.2% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | 101.1% | 24.1% |
| Q4 25 | 0.8% | 3.0% | ||
| Q3 25 | 0.9% | 3.6% | ||
| Q2 25 | 1.1% | 2.6% | ||
| Q1 25 | 1.1% | 2.3% | ||
| Q4 24 | 2.3% | 3.1% | ||
| Q3 24 | 0.7% | 3.1% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | 1.2% | 2.5% |
| Q4 25 | 1.52× | 1.90× | ||
| Q3 25 | -0.76× | 1.01× | ||
| Q2 25 | 0.34× | 5.49× | ||
| Q1 25 | 1.60× | 4.33× | ||
| Q4 24 | 1.15× | 1.51× | ||
| Q3 24 | 1.78× | -0.92× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | 4.36× | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
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% |
