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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) 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 $1.0B, roughly 1.3× Liberty Energy Inc.). OPEN TEXT CORP runs the higher net margin — 12.7% vs 2.2%, a 10.5% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -0.6%). Over the past eight quarters, OPEN TEXT CORP's revenue compounded faster (-4.3% CAGR vs -6.2%).

Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.

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

LBRT vs OTEX — Head-to-Head

Bigger by revenue
OTEX
OTEX
1.3× larger
OTEX
$1.3B
$1.0B
LBRT
Growing faster (revenue YoY)
LBRT
LBRT
+5.1% gap
LBRT
4.5%
-0.6%
OTEX
Higher net margin
OTEX
OTEX
10.5% more per $
OTEX
12.7%
2.2%
LBRT
Faster 2-yr revenue CAGR
OTEX
OTEX
Annualised
OTEX
-4.3%
-6.2%
LBRT

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
LBRT
LBRT
OTEX
OTEX
Revenue
$1.0B
$1.3B
Net Profit
$22.6M
$168.1M
Gross Margin
74.0%
Operating Margin
2.2%
22.0%
Net Margin
2.2%
12.7%
Revenue YoY
4.5%
-0.6%
Net Profit YoY
-26.9%
EPS (diluted)
$0.14
$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
LBRT
LBRT
OTEX
OTEX
Q1 26
$1.0B
Q4 25
$1.0B
$1.3B
Q3 25
$947.4M
$1.3B
Q2 25
$1.0B
$1.3B
Q1 25
$977.5M
$1.3B
Q4 24
$943.6M
$1.3B
Q3 24
$1.1B
$1.3B
Q2 24
$1.2B
$1.4B
Net Profit
LBRT
LBRT
OTEX
OTEX
Q1 26
$22.6M
Q4 25
$13.7M
$168.1M
Q3 25
$43.1M
$146.6M
Q2 25
$71.0M
$28.8M
Q1 25
$20.1M
$92.8M
Q4 24
$51.9M
$229.9M
Q3 24
$73.8M
$84.4M
Q2 24
$108.4M
$248.2M
Gross Margin
LBRT
LBRT
OTEX
OTEX
Q1 26
Q4 25
20.6%
74.0%
Q3 25
18.7%
72.8%
Q2 25
22.1%
72.3%
Q1 25
22.1%
71.6%
Q4 24
21.4%
73.3%
Q3 24
26.2%
71.7%
Q2 24
27.9%
72.5%
Operating Margin
LBRT
LBRT
OTEX
OTEX
Q1 26
2.2%
Q4 25
1.9%
22.0%
Q3 25
-0.3%
21.0%
Q2 25
3.6%
13.9%
Q1 25
1.9%
16.7%
Q4 24
2.6%
22.2%
Q3 24
9.4%
16.3%
Q2 24
12.2%
14.2%
Net Margin
LBRT
LBRT
OTEX
OTEX
Q1 26
2.2%
Q4 25
1.3%
12.7%
Q3 25
4.5%
11.4%
Q2 25
6.8%
2.2%
Q1 25
2.1%
7.4%
Q4 24
5.5%
17.2%
Q3 24
6.5%
6.6%
Q2 24
9.3%
18.2%
EPS (diluted)
LBRT
LBRT
OTEX
OTEX
Q1 26
$0.14
Q4 25
$0.08
$0.66
Q3 25
$0.26
$0.58
Q2 25
$0.43
$0.11
Q1 25
$0.12
$0.35
Q4 24
$0.31
$0.87
Q3 24
$0.44
$0.32
Q2 24
$0.64
$0.91

Balance Sheet & Financial Strength

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

Metric
LBRT
LBRT
OTEX
OTEX
Cash + ST InvestmentsLiquidity on hand
$699.1M
$1.3B
Total DebtLower is stronger
$7.1M
$6.4B
Stockholders' EquityBook value
$1.9B
$4.0B
Total Assets
$4.4B
$13.6B
Debt / EquityLower = less leverage
0.00×
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBRT
LBRT
OTEX
OTEX
Q1 26
$699.1M
Q4 25
$27.6M
$1.3B
Q3 25
$13.5M
$1.1B
Q2 25
$19.6M
$1.2B
Q1 25
$24.1M
$1.3B
Q4 24
$20.0M
$1.1B
Q3 24
$23.0M
$1.0B
Q2 24
$30.0M
$1.3B
Total Debt
LBRT
LBRT
OTEX
OTEX
Q1 26
$7.1M
Q4 25
$246.6M
$6.4B
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.4B
Q4 24
$190.5M
$6.4B
Q3 24
$6.4B
Q2 24
$6.4B
Stockholders' Equity
LBRT
LBRT
OTEX
OTEX
Q1 26
$1.9B
Q4 25
$2.1B
$4.0B
Q3 25
$2.1B
$4.0B
Q2 25
$2.0B
$3.9B
Q1 25
$2.0B
$4.1B
Q4 24
$2.0B
$4.2B
Q3 24
$2.0B
$4.1B
Q2 24
$1.9B
$4.2B
Total Assets
LBRT
LBRT
OTEX
OTEX
Q1 26
$4.4B
Q4 25
$3.6B
$13.6B
Q3 25
$3.5B
$13.5B
Q2 25
$3.4B
$13.8B
Q1 25
$3.4B
$13.8B
Q4 24
$3.3B
$13.7B
Q3 24
$3.3B
$13.8B
Q2 24
$3.2B
$14.2B
Debt / Equity
LBRT
LBRT
OTEX
OTEX
Q1 26
0.00×
Q4 25
0.12×
1.58×
Q3 25
1.61×
Q2 25
1.62×
Q1 25
1.55×
Q4 24
0.10×
1.51×
Q3 24
1.55×
Q2 24
1.52×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LBRT
LBRT
OTEX
OTEX
Operating Cash FlowLast quarter
$318.7M
Free Cash FlowOCF − Capex
$279.4M
FCF MarginFCF / Revenue
21.1%
Capex IntensityCapex / Revenue
13.1%
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
LBRT
LBRT
OTEX
OTEX
Q1 26
Q4 25
$195.4M
$318.7M
Q3 25
$51.5M
$147.8M
Q2 25
$170.6M
$158.2M
Q1 25
$192.1M
$402.2M
Q4 24
$177.3M
$348.0M
Q3 24
$244.5M
$-77.8M
Q2 24
$248.2M
$185.2M
Free Cash Flow
LBRT
LBRT
OTEX
OTEX
Q1 26
Q4 25
$-10.0M
$279.4M
Q3 25
$-67.2M
$101.2M
Q2 25
$33.1M
$124.0M
Q1 25
$58.2M
$373.8M
Q4 24
$-26.2M
$306.7M
Q3 24
$77.9M
$-117.1M
Q2 24
$112.2M
$145.2M
FCF Margin
LBRT
LBRT
OTEX
OTEX
Q1 26
Q4 25
-1.0%
21.1%
Q3 25
-7.1%
7.9%
Q2 25
3.2%
9.5%
Q1 25
6.0%
29.8%
Q4 24
-2.8%
23.0%
Q3 24
6.8%
-9.2%
Q2 24
9.7%
10.7%
Capex Intensity
LBRT
LBRT
OTEX
OTEX
Q1 26
13.1%
Q4 25
19.8%
3.0%
Q3 25
12.5%
3.6%
Q2 25
13.2%
2.6%
Q1 25
13.7%
2.3%
Q4 24
21.6%
3.1%
Q3 24
14.6%
3.1%
Q2 24
11.7%
2.9%
Cash Conversion
LBRT
LBRT
OTEX
OTEX
Q1 26
Q4 25
14.28×
1.90×
Q3 25
1.20×
1.01×
Q2 25
2.40×
5.49×
Q1 25
9.55×
4.33×
Q4 24
3.42×
1.51×
Q3 24
3.31×
-0.92×
Q2 24
2.29×
0.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LBRT
LBRT

Segment breakdown not available.

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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