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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and Public Storage (PSA). Click either name above to swap in a different company.

OPEN TEXT CORP is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× Public Storage). Public Storage runs the higher net margin — 41.7% vs 12.7%, a 29.0% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -0.6%). Over the past eight quarters, Public Storage's revenue compounded faster (2.5% CAGR vs -4.3%).

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

Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.

OTEX vs PSA — Head-to-Head

Bigger by revenue
OTEX
OTEX
1.1× larger
OTEX
$1.3B
$1.2B
PSA
Growing faster (revenue YoY)
PSA
PSA
+3.8% gap
PSA
3.3%
-0.6%
OTEX
Higher net margin
PSA
PSA
29.0% more per $
PSA
41.7%
12.7%
OTEX
Faster 2-yr revenue CAGR
PSA
PSA
Annualised
PSA
2.5%
-4.3%
OTEX

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
OTEX
OTEX
PSA
PSA
Revenue
$1.3B
$1.2B
Net Profit
$168.1M
$507.1M
Gross Margin
74.0%
Operating Margin
22.0%
40.7%
Net Margin
12.7%
41.7%
Revenue YoY
-0.6%
3.3%
Net Profit YoY
-26.9%
-17.5%
EPS (diluted)
$0.66
$2.59

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
OTEX
OTEX
PSA
PSA
Q4 25
$1.3B
$1.2B
Q3 25
$1.3B
$1.2B
Q2 25
$1.3B
$1.2B
Q1 25
$1.3B
$1.2B
Q4 24
$1.3B
$1.2B
Q3 24
$1.3B
$1.2B
Q2 24
$1.4B
$1.2B
Q1 24
$1.4B
$1.2B
Net Profit
OTEX
OTEX
PSA
PSA
Q4 25
$168.1M
$507.1M
Q3 25
$146.6M
$511.1M
Q2 25
$28.8M
$358.4M
Q1 25
$92.8M
$407.8M
Q4 24
$229.9M
$614.6M
Q3 24
$84.4M
$430.3M
Q2 24
$248.2M
$518.1M
Q1 24
$98.3M
$508.9M
Gross Margin
OTEX
OTEX
PSA
PSA
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%
Operating Margin
OTEX
OTEX
PSA
PSA
Q4 25
22.0%
40.7%
Q3 25
21.0%
42.3%
Q2 25
13.9%
30.4%
Q1 25
16.7%
34.8%
Q4 24
22.2%
52.4%
Q3 24
16.3%
36.7%
Q2 24
14.2%
44.6%
Q1 24
15.7%
44.3%
Net Margin
OTEX
OTEX
PSA
PSA
Q4 25
12.7%
41.7%
Q3 25
11.4%
41.8%
Q2 25
2.2%
29.8%
Q1 25
7.4%
34.5%
Q4 24
17.2%
52.2%
Q3 24
6.6%
36.2%
Q2 24
18.2%
44.2%
Q1 24
6.8%
44.0%
EPS (diluted)
OTEX
OTEX
PSA
PSA
Q4 25
$0.66
$2.59
Q3 25
$0.58
$2.62
Q2 25
$0.11
$1.76
Q1 25
$0.35
$2.04
Q4 24
$0.87
$3.22
Q3 24
$0.32
$2.16
Q2 24
$0.91
$2.66
Q1 24
$0.36
$2.60

Balance Sheet & Financial Strength

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

Metric
OTEX
OTEX
PSA
PSA
Cash + ST InvestmentsLiquidity on hand
$1.3B
$318.1M
Total DebtLower is stronger
$6.4B
$10.3B
Stockholders' EquityBook value
$4.0B
$9.2B
Total Assets
$13.6B
$20.2B
Debt / EquityLower = less leverage
1.58×
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OTEX
OTEX
PSA
PSA
Q4 25
$1.3B
$318.1M
Q3 25
$1.1B
$296.5M
Q2 25
$1.2B
$1.1B
Q1 25
$1.3B
$287.2M
Q4 24
$1.1B
$447.4M
Q3 24
$1.0B
$599.0M
Q2 24
$1.3B
$542.3M
Q1 24
$1.1B
$271.6M
Total Debt
OTEX
OTEX
PSA
PSA
Q4 25
$6.4B
$10.3B
Q3 25
$6.4B
$10.0B
Q2 25
$6.4B
$10.4B
Q1 25
$6.4B
$9.4B
Q4 24
$6.4B
$9.4B
Q3 24
$6.4B
$9.5B
Q2 24
$6.4B
$9.4B
Q1 24
$8.4B
$9.1B
Stockholders' Equity
OTEX
OTEX
PSA
PSA
Q4 25
$4.0B
$9.2B
Q3 25
$4.0B
$9.3B
Q2 25
$3.9B
$9.4B
Q1 25
$4.1B
$9.6B
Q4 24
$4.2B
$9.7B
Q3 24
$4.1B
$9.6B
Q2 24
$4.2B
$9.7B
Q1 24
$4.1B
$9.9B
Total Assets
OTEX
OTEX
PSA
PSA
Q4 25
$13.6B
$20.2B
Q3 25
$13.5B
$20.1B
Q2 25
$13.8B
$20.5B
Q1 25
$13.8B
$19.6B
Q4 24
$13.7B
$19.8B
Q3 24
$13.8B
$19.8B
Q2 24
$14.2B
$19.8B
Q1 24
$16.4B
$19.6B
Debt / Equity
OTEX
OTEX
PSA
PSA
Q4 25
1.58×
1.11×
Q3 25
1.61×
1.08×
Q2 25
1.62×
1.11×
Q1 25
1.55×
0.99×
Q4 24
1.51×
0.96×
Q3 24
1.55×
0.99×
Q2 24
1.52×
0.97×
Q1 24
2.02×
0.91×

Cash Flow & Capital Efficiency

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

Metric
OTEX
OTEX
PSA
PSA
Operating Cash FlowLast quarter
$318.7M
$733.6M
Free Cash FlowOCF − Capex
$279.4M
FCF MarginFCF / Revenue
21.1%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
1.90×
1.45×
TTM Free Cash FlowTrailing 4 quarters
$878.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OTEX
OTEX
PSA
PSA
Q4 25
$318.7M
$733.6M
Q3 25
$147.8M
$875.1M
Q2 25
$158.2M
$872.7M
Q1 25
$402.2M
$705.1M
Q4 24
$348.0M
$768.6M
Q3 24
$-77.8M
$798.8M
Q2 24
$185.2M
$895.3M
Q1 24
$384.7M
$665.6M
Free Cash Flow
OTEX
OTEX
PSA
PSA
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
FCF Margin
OTEX
OTEX
PSA
PSA
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%
Capex Intensity
OTEX
OTEX
PSA
PSA
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%
Cash Conversion
OTEX
OTEX
PSA
PSA
Q4 25
1.90×
1.45×
Q3 25
1.01×
1.71×
Q2 25
5.49×
2.43×
Q1 25
4.33×
1.73×
Q4 24
1.51×
1.25×
Q3 24
-0.92×
1.86×
Q2 24
0.75×
1.73×
Q1 24
3.91×
1.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

PSA
PSA

Self Storage Operations$1.1B93%
Ancillary Operations$86.9M7%

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