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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $1.3B, roughly 1.5× OPEN TEXT CORP). Ovintiv Inc. runs the higher net margin — 46.1% vs 12.7%, a 33.4% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $279.4M). Over the past eight quarters, OPEN TEXT CORP's revenue compounded faster (-4.3% CAGR vs -7.2%).
Open Text Corporation is a global software company that develops and sells information management software.
Ovintiv Inc. is a U.S. petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.
OTEX vs OVV — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.1B |
| Net Profit | $168.1M | $946.0M |
| Gross Margin | 74.0% | — |
| Operating Margin | 22.0% | 21.2% |
| Net Margin | 12.7% | 46.1% |
| Revenue YoY | -0.6% | -6.0% |
| Net Profit YoY | -26.9% | 1676.7% |
| EPS (diluted) | $0.66 | $3.64 |
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 | $1.3B | $2.1B | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.3B | $2.4B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.3B | $2.2B | ||
| Q2 24 | $1.4B | $2.2B | ||
| Q1 24 | $1.4B | $2.4B |
| Q4 25 | $168.1M | $946.0M | ||
| Q3 25 | $146.6M | $148.0M | ||
| Q2 25 | $28.8M | $307.0M | ||
| Q1 25 | $92.8M | $-159.0M | ||
| Q4 24 | $229.9M | $-60.0M | ||
| Q3 24 | $84.4M | $507.0M | ||
| Q2 24 | $248.2M | $340.0M | ||
| Q1 24 | $98.3M | $338.0M |
| 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 | 22.0% | 21.2% | ||
| Q3 25 | 21.0% | 13.5% | ||
| Q2 25 | 13.9% | 23.1% | ||
| Q1 25 | 16.7% | -3.7% | ||
| Q4 24 | 22.2% | 0.1% | ||
| Q3 24 | 16.3% | 24.2% | ||
| Q2 24 | 14.2% | 25.4% | ||
| Q1 24 | 15.7% | 20.7% |
| Q4 25 | 12.7% | 46.1% | ||
| Q3 25 | 11.4% | 7.3% | ||
| Q2 25 | 2.2% | 13.9% | ||
| Q1 25 | 7.4% | -6.7% | ||
| Q4 24 | 17.2% | -2.7% | ||
| Q3 24 | 6.6% | 23.3% | ||
| Q2 24 | 18.2% | 15.5% | ||
| Q1 24 | 6.8% | 14.2% |
| Q4 25 | $0.66 | $3.64 | ||
| Q3 25 | $0.58 | $0.57 | ||
| Q2 25 | $0.11 | $1.18 | ||
| Q1 25 | $0.35 | $-0.61 | ||
| Q4 24 | $0.87 | $-0.22 | ||
| Q3 24 | $0.32 | $1.92 | ||
| Q2 24 | $0.91 | $1.27 | ||
| Q1 24 | $0.36 | $1.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $280.0M |
| Total DebtLower is stronger | $6.4B | $5.2B |
| Stockholders' EquityBook value | $4.0B | $11.2B |
| Total Assets | $13.6B | $20.4B |
| Debt / EquityLower = less leverage | 1.58× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $280.0M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $1.2B | $20.0M | ||
| Q1 25 | $1.3B | $8.0M | ||
| Q4 24 | $1.1B | $42.0M | ||
| Q3 24 | $1.0B | $9.0M | ||
| Q2 24 | $1.3B | $8.0M | ||
| Q1 24 | $1.1B | $5.0M |
| Q4 25 | $6.4B | $5.2B | ||
| Q3 25 | $6.4B | $5.2B | ||
| Q2 25 | $6.4B | $5.3B | ||
| Q1 25 | $6.4B | $5.5B | ||
| Q4 24 | $6.4B | $5.5B | ||
| Q3 24 | $6.4B | $5.9B | ||
| Q2 24 | $6.4B | $6.1B | ||
| Q1 24 | $8.4B | $6.2B |
| Q4 25 | $4.0B | $11.2B | ||
| Q3 25 | $4.0B | $10.2B | ||
| Q2 25 | $3.9B | $10.4B | ||
| Q1 25 | $4.1B | $10.1B | ||
| Q4 24 | $4.2B | $10.3B | ||
| Q3 24 | $4.1B | $10.7B | ||
| Q2 24 | $4.2B | $10.3B | ||
| Q1 24 | $4.1B | $10.3B |
| Q4 25 | $13.6B | $20.4B | ||
| Q3 25 | $13.5B | $19.4B | ||
| Q2 25 | $13.8B | $19.7B | ||
| Q1 25 | $13.8B | $19.6B | ||
| Q4 24 | $13.7B | $19.3B | ||
| Q3 24 | $13.8B | $19.9B | ||
| Q2 24 | $14.2B | $19.8B | ||
| Q1 24 | $16.4B | $19.8B |
| Q4 25 | 1.58× | 0.46× | ||
| Q3 25 | 1.61× | 0.51× | ||
| Q2 25 | 1.62× | 0.51× | ||
| Q1 25 | 1.55× | 0.55× | ||
| Q4 24 | 1.51× | 0.53× | ||
| Q3 24 | 1.55× | 0.55× | ||
| Q2 24 | 1.52× | 0.59× | ||
| Q1 24 | 2.02× | 0.60× |
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 | $318.7M | $954.0M |
| Free Cash FlowOCF − Capex | $279.4M | $489.0M |
| FCF MarginFCF / Revenue | 21.1% | 23.8% |
| Capex IntensityCapex / Revenue | 3.0% | 22.6% |
| Cash ConversionOCF / Net Profit | 1.90× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | $878.5M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $954.0M | ||
| Q3 25 | $147.8M | $812.0M | ||
| Q2 25 | $158.2M | $1.0B | ||
| Q1 25 | $402.2M | $873.0M | ||
| Q4 24 | $348.0M | $1.0B | ||
| Q3 24 | $-77.8M | $1.0B | ||
| Q2 24 | $185.2M | $1.0B | ||
| Q1 24 | $384.7M | $659.0M |
| Q4 25 | $279.4M | $489.0M | ||
| Q3 25 | $101.2M | $268.0M | ||
| Q2 25 | $124.0M | $492.0M | ||
| Q1 25 | $373.8M | $256.0M | ||
| Q4 24 | $306.7M | $468.0M | ||
| Q3 24 | $-117.1M | $484.0M | ||
| Q2 24 | $145.2M | $398.0M | ||
| Q1 24 | $348.2M | $68.0M |
| Q4 25 | 21.1% | 23.8% | ||
| Q3 25 | 7.9% | 13.3% | ||
| Q2 25 | 9.5% | 22.2% | ||
| Q1 25 | 29.8% | 10.8% | ||
| Q4 24 | 23.0% | 21.4% | ||
| Q3 24 | -9.2% | 22.2% | ||
| Q2 24 | 10.7% | 18.1% | ||
| Q1 24 | 24.1% | 2.8% |
| Q4 25 | 3.0% | 22.6% | ||
| Q3 25 | 3.6% | 26.9% | ||
| Q2 25 | 2.6% | 23.5% | ||
| Q1 25 | 2.3% | 26.0% | ||
| Q4 24 | 3.1% | 25.3% | ||
| Q3 24 | 3.1% | 24.7% | ||
| Q2 24 | 2.9% | 28.4% | ||
| Q1 24 | 2.5% | 24.8% |
| Q4 25 | 1.90× | 1.01× | ||
| Q3 25 | 1.01× | 5.49× | ||
| Q2 25 | 5.49× | 3.30× | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | -0.92× | 2.02× | ||
| Q2 24 | 0.75× | 3.00× | ||
| Q1 24 | 3.91× | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
