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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.0× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs 4.4%, a 8.3% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs -0.6%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs -4.3%).
Open Text Corporation is a global software company that develops and sells information management software.
OTEX vs PACS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.4B |
| Net Profit | $168.1M | $59.7M |
| Gross Margin | 74.0% | — |
| Operating Margin | 22.0% | 7.0% |
| Net Margin | 12.7% | 4.4% |
| Revenue YoY | -0.6% | 18.4% |
| Net Profit YoY | -26.9% | 3022.5% |
| EPS (diluted) | $0.66 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.4B | $981.4M | ||
| Q1 24 | $1.4B | $934.3M |
| Q4 25 | $168.1M | $59.7M | ||
| Q3 25 | $146.6M | $52.4M | ||
| Q2 25 | $28.8M | $51.0M | ||
| Q1 25 | $92.8M | $28.5M | ||
| Q4 24 | $229.9M | $1.9M | ||
| Q3 24 | $84.4M | $15.6M | ||
| Q2 24 | $248.2M | $-10.9M | ||
| Q1 24 | $98.3M | $49.1M |
| Q4 25 | 74.0% | — | ||
| Q3 25 | 72.8% | — | ||
| Q2 25 | 72.3% | — | ||
| Q1 25 | 71.6% | — | ||
| Q4 24 | 73.3% | — | ||
| Q3 24 | 71.7% | 17.1% | ||
| Q2 24 | 72.5% | 22.3% | ||
| Q1 24 | 73.0% | 21.2% |
| Q4 25 | 22.0% | 7.0% | ||
| Q3 25 | 21.0% | 6.4% | ||
| Q2 25 | 13.9% | 6.2% | ||
| Q1 25 | 16.7% | 3.8% | ||
| Q4 24 | 22.2% | 1.7% | ||
| Q3 24 | 16.3% | 2.2% | ||
| Q2 24 | 14.2% | 0.1% | ||
| Q1 24 | 15.7% | 8.6% |
| Q4 25 | 12.7% | 4.4% | ||
| Q3 25 | 11.4% | 3.9% | ||
| Q2 25 | 2.2% | 3.9% | ||
| Q1 25 | 7.4% | 2.2% | ||
| Q4 24 | 17.2% | 0.2% | ||
| Q3 24 | 6.6% | 1.5% | ||
| Q2 24 | 18.2% | -1.1% | ||
| Q1 24 | 6.8% | 5.3% |
| Q4 25 | $0.66 | $0.42 | ||
| Q3 25 | $0.58 | $0.32 | ||
| Q2 25 | $0.11 | $0.31 | ||
| Q1 25 | $0.35 | $0.17 | ||
| Q4 24 | $0.87 | $-0.03 | ||
| Q3 24 | $0.32 | $0.10 | ||
| Q2 24 | $0.91 | $-0.07 | ||
| Q1 24 | $0.36 | $0.38 |
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 | $197.0M |
| Total DebtLower is stronger | $6.4B | $353.2M |
| Stockholders' EquityBook value | $4.0B | $946.8M |
| Total Assets | $13.6B | $5.6B |
| Debt / EquityLower = less leverage | 1.58× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $197.0M | ||
| Q3 25 | $1.1B | $355.7M | ||
| Q2 25 | $1.2B | $294.2M | ||
| Q1 25 | $1.3B | $287.5M | ||
| Q4 24 | $1.1B | $157.7M | ||
| Q3 24 | $1.0B | $49.5M | ||
| Q2 24 | $1.3B | $73.4M | ||
| Q1 24 | $1.1B | $81.2M |
| Q4 25 | $6.4B | $353.2M | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.4B | — | ||
| Q4 24 | $6.4B | $411.9M | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.4B | — | ||
| Q1 24 | $8.4B | — |
| Q4 25 | $4.0B | $946.8M | ||
| Q3 25 | $4.0B | $871.3M | ||
| Q2 25 | $3.9B | $806.8M | ||
| Q1 25 | $4.1B | $750.2M | ||
| Q4 24 | $4.2B | $709.6M | ||
| Q3 24 | $4.1B | $660.0M | ||
| Q2 24 | $4.2B | $572.1M | ||
| Q1 24 | $4.1B | $128.0M |
| Q4 25 | $13.6B | $5.6B | ||
| Q3 25 | $13.5B | $5.6B | ||
| Q2 25 | $13.8B | $5.5B | ||
| Q1 25 | $13.8B | $5.5B | ||
| Q4 24 | $13.7B | $5.2B | ||
| Q3 24 | $13.8B | $4.5B | ||
| Q2 24 | $14.2B | $3.9B | ||
| Q1 24 | $16.4B | $3.9B |
| Q4 25 | 1.58× | 0.37× | ||
| Q3 25 | 1.61× | — | ||
| Q2 25 | 1.62× | — | ||
| Q1 25 | 1.55× | — | ||
| Q4 24 | 1.51× | 0.58× | ||
| 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 | $318.7M | $-3.4M |
| Free Cash FlowOCF − Capex | $279.4M | — |
| FCF MarginFCF / Revenue | 21.1% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | 1.90× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $878.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $-3.4M | ||
| Q3 25 | $147.8M | $204.8M | ||
| Q2 25 | $158.2M | $52.6M | ||
| Q1 25 | $402.2M | $150.2M | ||
| Q4 24 | $348.0M | $64.6M | ||
| Q3 24 | $-77.8M | $209.2M | ||
| Q2 24 | $185.2M | $34.8M | ||
| Q1 24 | $384.7M | $58.8M |
| 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 | — | ||
| Q1 24 | $348.2M | — |
| 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% | — | ||
| Q1 24 | 24.1% | — |
| 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% | — | ||
| Q1 24 | 2.5% | — |
| Q4 25 | 1.90× | -0.06× | ||
| Q3 25 | 1.01× | 3.91× | ||
| Q2 25 | 5.49× | 1.03× | ||
| Q1 25 | 4.33× | 5.28× | ||
| Q4 24 | 1.51× | 33.78× | ||
| Q3 24 | -0.92× | 13.39× | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | 3.91× | 1.20× |
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% |
PACS
Segment breakdown not available.
