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Side-by-side financial comparison of Invesco (IVZ) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
Invesco is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs -58.9%, a 71.5% gap on every dollar of revenue. On growth, Invesco posted the faster year-over-year revenue change (6.2% vs -0.6%). Invesco produced more free cash flow last quarter ($432.2M vs $279.4M). Over the past eight quarters, Invesco's revenue compounded faster (7.1% CAGR vs -4.3%).
Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.
Open Text Corporation is a global software company that develops and sells information management software.
IVZ vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.3B |
| Net Profit | $-995.9M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | -86.2% | 22.0% |
| Net Margin | -58.9% | 12.7% |
| Revenue YoY | 6.2% | -0.6% |
| Net Profit YoY | -575.8% | -26.9% |
| EPS (diluted) | $-2.61 | $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 | $1.7B | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.5B | $1.4B |
| Q4 25 | $-995.9M | $168.1M | ||
| Q3 25 | $356.4M | $146.6M | ||
| Q2 25 | $197.4M | $28.8M | ||
| Q1 25 | $171.1M | $92.8M | ||
| Q4 24 | $209.3M | $229.9M | ||
| Q3 24 | $55.0M | $84.4M | ||
| Q2 24 | $132.2M | $248.2M | ||
| Q1 24 | $141.5M | $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 | -86.2% | 22.0% | ||
| Q3 25 | 16.5% | 21.0% | ||
| Q2 25 | 14.1% | 13.9% | ||
| Q1 25 | 18.1% | 16.7% | ||
| Q4 24 | 19.6% | 22.2% | ||
| Q3 24 | 6.6% | 16.3% | ||
| Q2 24 | 13.9% | 14.2% | ||
| Q1 24 | 14.4% | 15.7% |
| Q4 25 | -58.9% | 12.7% | ||
| Q3 25 | 21.7% | 11.4% | ||
| Q2 25 | 13.0% | 2.2% | ||
| Q1 25 | 11.2% | 7.4% | ||
| Q4 24 | 13.1% | 17.2% | ||
| Q3 24 | 3.6% | 6.6% | ||
| Q2 24 | 8.9% | 18.2% | ||
| Q1 24 | 9.6% | 6.8% |
| Q4 25 | $-2.61 | $0.66 | ||
| Q3 25 | $0.66 | $0.58 | ||
| Q2 25 | $-0.03 | $0.11 | ||
| Q1 25 | $0.38 | $0.35 | ||
| Q4 24 | $0.46 | $0.87 | ||
| Q3 24 | $0.12 | $0.32 | ||
| Q2 24 | $0.29 | $0.91 | ||
| Q1 24 | $0.31 | $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 | $1.0B | $1.3B |
| Total DebtLower is stronger | $1.8B | $6.4B |
| Stockholders' EquityBook value | $12.2B | $4.0B |
| Total Assets | $27.1B | $13.6B |
| Debt / EquityLower = less leverage | 0.15× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $973.1M | $1.1B | ||
| Q2 25 | $922.7M | $1.2B | ||
| Q1 25 | $821.7M | $1.3B | ||
| Q4 24 | $986.5M | $1.1B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $878.5M | $1.3B | ||
| Q1 24 | $895.7M | $1.1B |
| Q4 25 | $1.8B | $6.4B | ||
| Q3 25 | $1.6B | $6.4B | ||
| Q2 25 | $1.9B | $6.4B | ||
| Q1 25 | $964.8M | $6.4B | ||
| Q4 24 | $890.6M | $6.4B | ||
| Q3 24 | $890.3M | $6.4B | ||
| Q2 24 | $890.1M | $6.4B | ||
| Q1 24 | $1.3B | $8.4B |
| Q4 25 | $12.2B | $4.0B | ||
| Q3 25 | $14.0B | $4.0B | ||
| Q2 25 | $13.9B | $3.9B | ||
| Q1 25 | $14.7B | $4.1B | ||
| Q4 24 | $14.6B | $4.2B | ||
| Q3 24 | $14.8B | $4.1B | ||
| Q2 24 | $14.6B | $4.2B | ||
| Q1 24 | $14.6B | $4.1B |
| Q4 25 | $27.1B | $13.6B | ||
| Q3 25 | $28.4B | $13.5B | ||
| Q2 25 | $28.5B | $13.8B | ||
| Q1 25 | $28.1B | $13.8B | ||
| Q4 24 | $27.0B | $13.7B | ||
| Q3 24 | $27.5B | $13.8B | ||
| Q2 24 | $27.2B | $14.2B | ||
| Q1 24 | $28.1B | $16.4B |
| Q4 25 | 0.15× | 1.58× | ||
| Q3 25 | 0.12× | 1.61× | ||
| Q2 25 | 0.14× | 1.62× | ||
| Q1 25 | 0.07× | 1.55× | ||
| Q4 24 | 0.06× | 1.51× | ||
| Q3 24 | 0.06× | 1.55× | ||
| Q2 24 | 0.06× | 1.52× | ||
| Q1 24 | 0.09× | 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 | $455.8M | $318.7M |
| Free Cash FlowOCF − Capex | $432.2M | $279.4M |
| FCF MarginFCF / Revenue | 25.5% | 21.1% |
| Capex IntensityCapex / Revenue | 1.4% | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $455.8M | $318.7M | ||
| Q3 25 | $606.2M | $147.8M | ||
| Q2 25 | $547.9M | $158.2M | ||
| Q1 25 | $-84.6M | $402.2M | ||
| Q4 24 | $316.9M | $348.0M | ||
| Q3 24 | $438.4M | $-77.8M | ||
| Q2 24 | $489.1M | $185.2M | ||
| Q1 24 | $-54.4M | $384.7M |
| Q4 25 | $432.2M | $279.4M | ||
| Q3 25 | $586.4M | $101.2M | ||
| Q2 25 | $530.4M | $124.0M | ||
| Q1 25 | $-108.0M | $373.8M | ||
| Q4 24 | $309.9M | $306.7M | ||
| Q3 24 | $410.0M | $-117.1M | ||
| Q2 24 | $462.4M | $145.2M | ||
| Q1 24 | $-75.4M | $348.2M |
| Q4 25 | 25.5% | 21.1% | ||
| Q3 25 | 35.7% | 7.9% | ||
| Q2 25 | 35.0% | 9.5% | ||
| Q1 25 | -7.1% | 29.8% | ||
| Q4 24 | 19.5% | 23.0% | ||
| Q3 24 | 27.1% | -9.2% | ||
| Q2 24 | 31.2% | 10.7% | ||
| Q1 24 | -5.1% | 24.1% |
| Q4 25 | 1.4% | 3.0% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 1.2% | 2.6% | ||
| Q1 25 | 1.5% | 2.3% | ||
| Q4 24 | 0.4% | 3.1% | ||
| Q3 24 | 1.9% | 3.1% | ||
| Q2 24 | 1.8% | 2.9% | ||
| Q1 24 | 1.4% | 2.5% |
| Q4 25 | — | 1.90× | ||
| Q3 25 | 1.70× | 1.01× | ||
| Q2 25 | 2.78× | 5.49× | ||
| Q1 25 | -0.49× | 4.33× | ||
| Q4 24 | 1.51× | 1.51× | ||
| Q3 24 | 7.97× | -0.92× | ||
| Q2 24 | 3.70× | 0.75× | ||
| Q1 24 | -0.38× | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
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% |
