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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.

OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.3B, roughly 1.8× OPEN TEXT CORP). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 12.7%, a 1.1% gap on every dollar of revenue. On growth, OLD REPUBLIC INTERNATIONAL CORP posted the faster year-over-year revenue change (6.7% vs -0.6%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs -4.3%).

Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.

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

ORI vs OTEX — Head-to-Head

Bigger by revenue
ORI
ORI
1.8× larger
ORI
$2.4B
$1.3B
OTEX
Growing faster (revenue YoY)
ORI
ORI
+7.3% gap
ORI
6.7%
-0.6%
OTEX
Higher net margin
ORI
ORI
1.1% more per $
ORI
13.8%
12.7%
OTEX
Faster 2-yr revenue CAGR
ORI
ORI
Annualised
ORI
13.2%
-4.3%
OTEX

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
ORI
ORI
OTEX
OTEX
Revenue
$2.4B
$1.3B
Net Profit
$330.0M
$168.1M
Gross Margin
74.0%
Operating Margin
22.0%
Net Margin
13.8%
12.7%
Revenue YoY
6.7%
-0.6%
Net Profit YoY
-145.5%
-26.9%
EPS (diluted)
$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
ORI
ORI
OTEX
OTEX
Q1 26
$2.4B
Q4 25
$2.4B
$1.3B
Q3 25
$2.4B
$1.3B
Q2 25
$2.2B
$1.3B
Q1 25
$2.1B
$1.3B
Q4 24
$2.0B
$1.3B
Q3 24
$2.3B
$1.3B
Q2 24
$1.9B
$1.4B
Net Profit
ORI
ORI
OTEX
OTEX
Q1 26
$330.0M
Q4 25
$206.5M
$168.1M
Q3 25
$279.5M
$146.6M
Q2 25
$204.4M
$28.8M
Q1 25
$245.0M
$92.8M
Q4 24
$105.3M
$229.9M
Q3 24
$338.9M
$84.4M
Q2 24
$91.8M
$248.2M
Gross Margin
ORI
ORI
OTEX
OTEX
Q1 26
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%
Operating Margin
ORI
ORI
OTEX
OTEX
Q1 26
Q4 25
22.0%
Q3 25
14.6%
21.0%
Q2 25
11.8%
13.9%
Q1 25
14.6%
16.7%
Q4 24
22.2%
Q3 24
18.2%
16.3%
Q2 24
6.1%
14.2%
Net Margin
ORI
ORI
OTEX
OTEX
Q1 26
13.8%
Q4 25
8.6%
12.7%
Q3 25
11.5%
11.4%
Q2 25
9.3%
2.2%
Q1 25
11.6%
7.4%
Q4 24
5.3%
17.2%
Q3 24
14.5%
6.6%
Q2 24
4.9%
18.2%
EPS (diluted)
ORI
ORI
OTEX
OTEX
Q1 26
Q4 25
$0.82
$0.66
Q3 25
$1.11
$0.58
Q2 25
$0.81
$0.11
Q1 25
$0.98
$0.35
Q4 24
$0.42
$0.87
Q3 24
$1.32
$0.32
Q2 24
$0.35
$0.91

Balance Sheet & Financial Strength

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

Metric
ORI
ORI
OTEX
OTEX
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$6.4B
Stockholders' EquityBook value
$5.9M
$4.0B
Total Assets
$29.6M
$13.6B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORI
ORI
OTEX
OTEX
Q1 26
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
ORI
ORI
OTEX
OTEX
Q1 26
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
ORI
ORI
OTEX
OTEX
Q1 26
$5.9M
Q4 25
$5.9B
$4.0B
Q3 25
$6.4B
$4.0B
Q2 25
$6.2B
$3.9B
Q1 25
$5.9B
$4.1B
Q4 24
$5.6B
$4.2B
Q3 24
$6.4B
$4.1B
Q2 24
$6.0B
$4.2B
Total Assets
ORI
ORI
OTEX
OTEX
Q1 26
$29.6M
Q4 25
$29.9B
$13.6B
Q3 25
$30.3B
$13.5B
Q2 25
$29.3B
$13.8B
Q1 25
$28.0B
$13.8B
Q4 24
$27.8B
$13.7B
Q3 24
$28.8B
$13.8B
Q2 24
$27.5B
$14.2B
Debt / Equity
ORI
ORI
OTEX
OTEX
Q1 26
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
ORI
ORI
OTEX
OTEX
Operating Cash FlowLast quarter
$318.7M
Free Cash FlowOCF − Capex
$279.4M
FCF MarginFCF / Revenue
21.1%
Capex IntensityCapex / Revenue
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
ORI
ORI
OTEX
OTEX
Q1 26
Q4 25
$234.9M
$318.7M
Q3 25
$563.9M
$147.8M
Q2 25
$133.8M
$158.2M
Q1 25
$231.7M
$402.2M
Q4 24
$361.7M
$348.0M
Q3 24
$474.8M
$-77.8M
Q2 24
$236.5M
$185.2M
Free Cash Flow
ORI
ORI
OTEX
OTEX
Q1 26
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
ORI
ORI
OTEX
OTEX
Q1 26
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
ORI
ORI
OTEX
OTEX
Q1 26
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
ORI
ORI
OTEX
OTEX
Q1 26
Q4 25
1.14×
1.90×
Q3 25
2.02×
1.01×
Q2 25
0.65×
5.49×
Q1 25
0.95×
4.33×
Q4 24
3.43×
1.51×
Q3 24
1.40×
-0.92×
Q2 24
2.58×
0.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORI
ORI

operating$2.2B92%
net investment gains$201.8M8%

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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