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Side-by-side financial comparison of Global Business Travel Group, Inc. (GBTG) 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 $792.0M, roughly 1.7× Global Business Travel Group, Inc.). OPEN TEXT CORP runs the higher net margin — 12.7% vs 10.5%, a 2.2% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $13.0M). Over the past eight quarters, Global Business Travel Group, Inc.'s revenue compounded faster (13.9% CAGR vs -4.3%).
A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs. Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more. Non-Profit travel management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, ...
Open Text Corporation is a global software company that develops and sells information management software.
GBTG vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.3B |
| Net Profit | $83.0M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | 3.7% | 22.0% |
| Net Margin | 10.5% | 12.7% |
| Revenue YoY | 34.0% | -0.6% |
| Net Profit YoY | 692.9% | -26.9% |
| EPS (diluted) | $0.16 | $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 | $792.0M | $1.3B | ||
| Q3 25 | $674.0M | $1.3B | ||
| Q2 25 | $631.0M | $1.3B | ||
| Q1 25 | $621.0M | $1.3B | ||
| Q4 24 | $591.0M | $1.3B | ||
| Q3 24 | $597.0M | $1.3B | ||
| Q2 24 | $625.0M | $1.4B | ||
| Q1 24 | $610.0M | $1.4B |
| Q4 25 | $83.0M | $168.1M | ||
| Q3 25 | $-62.0M | $146.6M | ||
| Q2 25 | $15.0M | $28.8M | ||
| Q1 25 | $75.0M | $92.8M | ||
| Q4 24 | $-14.0M | $229.9M | ||
| Q3 24 | $-128.0M | $84.4M | ||
| Q2 24 | $27.0M | $248.2M | ||
| Q1 24 | $-19.0M | $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 | 3.7% | 22.0% | ||
| Q3 25 | 1.8% | 21.0% | ||
| Q2 25 | 5.4% | 13.9% | ||
| Q1 25 | 8.9% | 16.7% | ||
| Q4 24 | 5.1% | 22.2% | ||
| Q3 24 | 4.5% | 16.3% | ||
| Q2 24 | 6.7% | 14.2% | ||
| Q1 24 | 2.6% | 15.7% |
| Q4 25 | 10.5% | 12.7% | ||
| Q3 25 | -9.2% | 11.4% | ||
| Q2 25 | 2.4% | 2.2% | ||
| Q1 25 | 12.1% | 7.4% | ||
| Q4 24 | -2.4% | 17.2% | ||
| Q3 24 | -21.4% | 6.6% | ||
| Q2 24 | 4.3% | 18.2% | ||
| Q1 24 | -3.1% | 6.8% |
| Q4 25 | $0.16 | $0.66 | ||
| Q3 25 | $-0.13 | $0.58 | ||
| Q2 25 | $0.03 | $0.11 | ||
| Q1 25 | $0.16 | $0.35 | ||
| Q4 24 | $-0.04 | $0.87 | ||
| Q3 24 | $-0.28 | $0.32 | ||
| Q2 24 | $0.06 | $0.91 | ||
| Q1 24 | $-0.04 | $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 | $434.0M | $1.3B |
| Total DebtLower is stronger | $1.4B | $6.4B |
| Stockholders' EquityBook value | $1.6B | $4.0B |
| Total Assets | $4.9B | $13.6B |
| Debt / EquityLower = less leverage | 0.88× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $434.0M | $1.3B | ||
| Q3 25 | $427.0M | $1.1B | ||
| Q2 25 | $601.0M | $1.2B | ||
| Q1 25 | $552.0M | $1.3B | ||
| Q4 24 | $536.0M | $1.1B | ||
| Q3 24 | $524.0M | $1.0B | ||
| Q2 24 | $515.0M | $1.3B | ||
| Q1 24 | $475.0M | $1.1B |
| Q4 25 | $1.4B | $6.4B | ||
| Q3 25 | $1.4B | $6.4B | ||
| Q2 25 | $1.4B | $6.4B | ||
| Q1 25 | $1.4B | $6.4B | ||
| Q4 24 | $1.4B | $6.4B | ||
| Q3 24 | $1.4B | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
| Q4 25 | $1.6B | $4.0B | ||
| Q3 25 | $1.5B | $4.0B | ||
| Q2 25 | $1.2B | $3.9B | ||
| Q1 25 | $1.1B | $4.1B | ||
| Q4 24 | $1.1B | $4.2B | ||
| Q3 24 | $1.1B | $4.1B | ||
| Q2 24 | $1.2B | $4.2B | ||
| Q1 24 | $1.2B | $4.1B |
| Q4 25 | $4.9B | $13.6B | ||
| Q3 25 | $4.8B | $13.5B | ||
| Q2 25 | $3.9B | $13.8B | ||
| Q1 25 | $3.8B | $13.8B | ||
| Q4 24 | $3.6B | $13.7B | ||
| Q3 24 | $3.8B | $13.8B | ||
| Q2 24 | $3.8B | $14.2B | ||
| Q1 24 | $3.8B | $16.4B |
| Q4 25 | 0.88× | 1.58× | ||
| Q3 25 | 0.91× | 1.61× | ||
| Q2 25 | 1.15× | 1.62× | ||
| Q1 25 | 1.23× | 1.55× | ||
| Q4 24 | 1.32× | 1.51× | ||
| Q3 24 | 1.26× | 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 | $52.0M | $318.7M |
| Free Cash FlowOCF − Capex | $13.0M | $279.4M |
| FCF MarginFCF / Revenue | 1.6% | 21.1% |
| Capex IntensityCapex / Revenue | 4.9% | 3.0% |
| Cash ConversionOCF / Net Profit | 0.63× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $104.0M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $318.7M | ||
| Q3 25 | $71.0M | $147.8M | ||
| Q2 25 | $57.0M | $158.2M | ||
| Q1 25 | $53.0M | $402.2M | ||
| Q4 24 | $65.0M | $348.0M | ||
| Q3 24 | $85.0M | $-77.8M | ||
| Q2 24 | $73.0M | $185.2M | ||
| Q1 24 | $49.0M | $384.7M |
| Q4 25 | $13.0M | $279.4M | ||
| Q3 25 | $38.0M | $101.2M | ||
| Q2 25 | $27.0M | $124.0M | ||
| Q1 25 | $26.0M | $373.8M | ||
| Q4 24 | $33.0M | $306.7M | ||
| Q3 24 | $59.0M | $-117.1M | ||
| Q2 24 | $49.0M | $145.2M | ||
| Q1 24 | $24.0M | $348.2M |
| Q4 25 | 1.6% | 21.1% | ||
| Q3 25 | 5.6% | 7.9% | ||
| Q2 25 | 4.3% | 9.5% | ||
| Q1 25 | 4.2% | 29.8% | ||
| Q4 24 | 5.6% | 23.0% | ||
| Q3 24 | 9.9% | -9.2% | ||
| Q2 24 | 7.8% | 10.7% | ||
| Q1 24 | 3.9% | 24.1% |
| Q4 25 | 4.9% | 3.0% | ||
| Q3 25 | 4.9% | 3.6% | ||
| Q2 25 | 4.8% | 2.6% | ||
| Q1 25 | 4.3% | 2.3% | ||
| Q4 24 | 5.4% | 3.1% | ||
| Q3 24 | 4.4% | 3.1% | ||
| Q2 24 | 3.8% | 2.9% | ||
| Q1 24 | 4.1% | 2.5% |
| Q4 25 | 0.63× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | 3.80× | 5.49× | ||
| Q1 25 | 0.71× | 4.33× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | 2.70× | 0.75× | ||
| Q1 24 | — | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
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% |
