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Side-by-side financial comparison of North American Construction Group Ltd. (NOA) 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 $860.2M, roughly 1.5× North American Construction Group Ltd.). OPEN TEXT CORP runs the higher net margin — 13.5% vs 4.7%, a 8.8% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs -3.0%).

Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.

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

NOA vs OTEX — Head-to-Head

Bigger by revenue
OTEX
OTEX
1.5× larger
OTEX
$1.3B
$860.2M
NOA
Higher net margin
OTEX
OTEX
8.8% more per $
OTEX
13.5%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
-3.0%
OTEX

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
NOA
NOA
OTEX
OTEX
Revenue
$860.2M
$1.3B
Net Profit
$40.5M
$172.7M
Gross Margin
19.7%
73.1%
Operating Margin
15.4%
15.7%
Net Margin
4.7%
13.5%
Revenue YoY
2.2%
Net Profit YoY
EPS (diluted)
$0.70

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
NOA
NOA
OTEX
OTEX
Q1 26
$1.3B
Q4 25
$1.3B
Q3 25
$860.2M
$1.3B
Q2 25
$573.3M
$1.3B
Q1 25
$297.0M
$1.3B
Q4 24
$1.3B
Q3 24
$636.4M
$1.3B
Q2 24
$439.5M
$1.4B
Net Profit
NOA
NOA
OTEX
OTEX
Q1 26
$172.7M
Q4 25
$168.1M
Q3 25
$40.5M
$146.6M
Q2 25
$26.0M
$28.8M
Q1 25
$11.5M
$92.8M
Q4 24
$229.9M
Q3 24
$45.5M
$84.4M
Q2 24
$34.1M
$248.2M
Gross Margin
NOA
NOA
OTEX
OTEX
Q1 26
73.1%
Q4 25
74.0%
Q3 25
19.7%
72.8%
Q2 25
18.1%
72.3%
Q1 25
18.0%
71.6%
Q4 24
73.3%
Q3 24
14.0%
71.7%
Q2 24
14.3%
72.5%
Operating Margin
NOA
NOA
OTEX
OTEX
Q1 26
15.7%
Q4 25
22.0%
Q3 25
15.4%
21.0%
Q2 25
13.6%
13.9%
Q1 25
13.0%
16.7%
Q4 24
22.2%
Q3 24
7.9%
16.3%
Q2 24
8.2%
14.2%
Net Margin
NOA
NOA
OTEX
OTEX
Q1 26
13.5%
Q4 25
12.7%
Q3 25
4.7%
11.4%
Q2 25
4.5%
2.2%
Q1 25
3.9%
7.4%
Q4 24
17.2%
Q3 24
7.1%
6.6%
Q2 24
7.8%
18.2%
EPS (diluted)
NOA
NOA
OTEX
OTEX
Q1 26
$0.70
Q4 25
$0.66
Q3 25
$0.58
Q2 25
$0.11
Q1 25
$0.35
Q4 24
$0.87
Q3 24
$0.32
Q2 24
$0.91

Balance Sheet & Financial Strength

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

Metric
NOA
NOA
OTEX
OTEX
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$4.0B
Total Assets
$1.7B
$13.3B
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOA
NOA
OTEX
OTEX
Q1 26
$1.3B
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
Total Debt
NOA
NOA
OTEX
OTEX
Q1 26
$6.2B
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
Stockholders' Equity
NOA
NOA
OTEX
OTEX
Q1 26
$4.0B
Q4 25
$4.0B
Q3 25
$4.0B
Q2 25
$3.9B
Q1 25
$4.1B
Q4 24
$4.2B
Q3 24
$4.1B
Q2 24
$4.2B
Total Assets
NOA
NOA
OTEX
OTEX
Q1 26
$13.3B
Q4 25
$13.6B
Q3 25
$1.7B
$13.5B
Q2 25
$1.7B
$13.8B
Q1 25
$1.7B
$13.8B
Q4 24
$13.7B
Q3 24
$1.5B
$13.8B
Q2 24
$1.5B
$14.2B
Debt / Equity
NOA
NOA
OTEX
OTEX
Q1 26
1.57×
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×

Cash Flow & Capital Efficiency

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

Metric
NOA
NOA
OTEX
OTEX
Operating Cash FlowLast quarter
$140.7M
$354.6M
Free Cash FlowOCF − Capex
$305.0M
FCF MarginFCF / Revenue
23.8%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
3.47×
2.05×
TTM Free Cash FlowTrailing 4 quarters
$809.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOA
NOA
OTEX
OTEX
Q1 26
$354.6M
Q4 25
$318.7M
Q3 25
$140.7M
$147.8M
Q2 25
$85.4M
$158.2M
Q1 25
$19.0M
$402.2M
Q4 24
$348.0M
Q3 24
$109.5M
$-77.8M
Q2 24
$72.0M
$185.2M
Free Cash Flow
NOA
NOA
OTEX
OTEX
Q1 26
$305.0M
Q4 25
$279.4M
Q3 25
$101.2M
Q2 25
$124.0M
Q1 25
$373.8M
Q4 24
$306.7M
Q3 24
$-117.1M
Q2 24
$145.2M
FCF Margin
NOA
NOA
OTEX
OTEX
Q1 26
23.8%
Q4 25
21.1%
Q3 25
7.9%
Q2 25
9.5%
Q1 25
29.8%
Q4 24
23.0%
Q3 24
-9.2%
Q2 24
10.7%
Capex Intensity
NOA
NOA
OTEX
OTEX
Q1 26
3.9%
Q4 25
3.0%
Q3 25
3.6%
Q2 25
2.6%
Q1 25
2.3%
Q4 24
3.1%
Q3 24
3.1%
Q2 24
2.9%
Cash Conversion
NOA
NOA
OTEX
OTEX
Q1 26
2.05×
Q4 25
1.90×
Q3 25
3.47×
1.01×
Q2 25
3.28×
5.49×
Q1 25
1.65×
4.33×
Q4 24
1.51×
Q3 24
2.41×
-0.92×
Q2 24
2.11×
0.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOA
NOA

Segment breakdown not available.

OTEX
OTEX

Customer support$564.8M44%
Cloud services and subscriptions$492.9M38%
License$145.1M11%
Professional service and other$79.6M6%

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