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Side-by-side financial comparison of Noble Corp plc (NE) 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 $764.4M, roughly 1.7× Noble Corp plc). OPEN TEXT CORP runs the higher net margin — 12.7% vs 11.3%, a 1.3% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -17.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $35.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs -4.3%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
Open Text Corporation is a global software company that develops and sells information management software.
NE vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $1.3B |
| Net Profit | $86.6M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | 5.6% | 22.0% |
| Net Margin | 11.3% | 12.7% |
| Revenue YoY | -17.6% | -0.6% |
| Net Profit YoY | -10.4% | -26.9% |
| EPS (diluted) | $0.54 | $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 | $764.4M | $1.3B | ||
| Q3 25 | $798.0M | $1.3B | ||
| Q2 25 | $848.7M | $1.3B | ||
| Q1 25 | $874.5M | $1.3B | ||
| Q4 24 | $927.3M | $1.3B | ||
| Q3 24 | $800.5M | $1.3B | ||
| Q2 24 | $692.8M | $1.4B | ||
| Q1 24 | $637.1M | $1.4B |
| Q4 25 | $86.6M | $168.1M | ||
| Q3 25 | $-21.1M | $146.6M | ||
| Q2 25 | $42.9M | $28.8M | ||
| Q1 25 | $108.3M | $92.8M | ||
| Q4 24 | $96.6M | $229.9M | ||
| Q3 24 | $61.2M | $84.4M | ||
| Q2 24 | $195.0M | $248.2M | ||
| Q1 24 | $95.5M | $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 | 5.6% | 22.0% | ||
| Q3 25 | 6.3% | 21.0% | ||
| Q2 25 | 15.9% | 13.9% | ||
| Q1 25 | 21.4% | 16.7% | ||
| Q4 24 | 18.4% | 22.2% | ||
| Q3 24 | 14.4% | 16.3% | ||
| Q2 24 | 30.3% | 14.2% | ||
| Q1 24 | 16.9% | 15.7% |
| Q4 25 | 11.3% | 12.7% | ||
| Q3 25 | -2.6% | 11.4% | ||
| Q2 25 | 5.1% | 2.2% | ||
| Q1 25 | 12.4% | 7.4% | ||
| Q4 24 | 10.4% | 17.2% | ||
| Q3 24 | 7.6% | 6.6% | ||
| Q2 24 | 28.1% | 18.2% | ||
| Q1 24 | 15.0% | 6.8% |
| Q4 25 | $0.54 | $0.66 | ||
| Q3 25 | $-0.13 | $0.58 | ||
| Q2 25 | $0.27 | $0.11 | ||
| Q1 25 | $0.67 | $0.35 | ||
| Q4 24 | $0.56 | $0.87 | ||
| Q3 24 | $0.40 | $0.32 | ||
| Q2 24 | $1.34 | $0.91 | ||
| Q1 24 | $0.66 | $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 | $471.4M | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $4.5B | $4.0B |
| Total Assets | $7.5B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $471.4M | $1.3B | ||
| Q3 25 | $477.9M | $1.1B | ||
| Q2 25 | $338.2M | $1.2B | ||
| Q1 25 | $303.8M | $1.3B | ||
| Q4 24 | $247.3M | $1.1B | ||
| Q3 24 | $391.9M | $1.0B | ||
| Q2 24 | $162.9M | $1.3B | ||
| Q1 24 | $212.5M | $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 | $4.5B | $4.0B | ||
| Q3 25 | $4.5B | $4.0B | ||
| Q2 25 | $4.6B | $3.9B | ||
| Q1 25 | $4.7B | $4.1B | ||
| Q4 24 | $4.7B | $4.2B | ||
| Q3 24 | $4.7B | $4.1B | ||
| Q2 24 | $4.0B | $4.2B | ||
| Q1 24 | $3.9B | $4.1B |
| Q4 25 | $7.5B | $13.6B | ||
| Q3 25 | $7.6B | $13.5B | ||
| Q2 25 | $7.7B | $13.8B | ||
| Q1 25 | $7.9B | $13.8B | ||
| Q4 24 | $8.0B | $13.7B | ||
| Q3 24 | $8.0B | $13.8B | ||
| Q2 24 | $5.6B | $14.2B | ||
| Q1 24 | $5.4B | $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 | $187.1M | $318.7M |
| Free Cash FlowOCF − Capex | $35.4M | $279.4M |
| FCF MarginFCF / Revenue | 4.6% | 21.1% |
| Capex IntensityCapex / Revenue | 19.9% | 3.0% |
| Cash ConversionOCF / Net Profit | 2.16× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.1M | $318.7M | ||
| Q3 25 | $277.1M | $147.8M | ||
| Q2 25 | $216.4M | $158.2M | ||
| Q1 25 | $271.1M | $402.2M | ||
| Q4 24 | $136.2M | $348.0M | ||
| Q3 24 | $283.8M | $-77.8M | ||
| Q2 24 | $106.8M | $185.2M | ||
| Q1 24 | $128.7M | $384.7M |
| Q4 25 | $35.4M | $279.4M | ||
| Q3 25 | $139.5M | $101.2M | ||
| Q2 25 | $99.8M | $124.0M | ||
| Q1 25 | $157.5M | $373.8M | ||
| Q4 24 | $-4.4M | $306.7M | ||
| Q3 24 | $156.8M | $-117.1M | ||
| Q2 24 | $-34.3M | $145.2M | ||
| Q1 24 | $-37.9M | $348.2M |
| Q4 25 | 4.6% | 21.1% | ||
| Q3 25 | 17.5% | 7.9% | ||
| Q2 25 | 11.8% | 9.5% | ||
| Q1 25 | 18.0% | 29.8% | ||
| Q4 24 | -0.5% | 23.0% | ||
| Q3 24 | 19.6% | -9.2% | ||
| Q2 24 | -4.9% | 10.7% | ||
| Q1 24 | -6.0% | 24.1% |
| Q4 25 | 19.9% | 3.0% | ||
| Q3 25 | 17.3% | 3.6% | ||
| Q2 25 | 13.7% | 2.6% | ||
| Q1 25 | 13.0% | 2.3% | ||
| Q4 24 | 15.2% | 3.1% | ||
| Q3 24 | 15.9% | 3.1% | ||
| Q2 24 | 20.4% | 2.9% | ||
| Q1 24 | 26.2% | 2.5% |
| Q4 25 | 2.16× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | 5.05× | 5.49× | ||
| Q1 25 | 2.50× | 4.33× | ||
| Q4 24 | 1.41× | 1.51× | ||
| Q3 24 | 4.64× | -0.92× | ||
| Q2 24 | 0.55× | 0.75× | ||
| Q1 24 | 1.35× | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
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% |
