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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and QVC INC (QVCD). Click either name above to swap in a different company.
QVC INC is the larger business by last-quarter revenue ($2.4B vs $1.3B, roughly 1.8× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs 1.5%, a 11.1% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -8.9%). Over the past eight quarters, QVC INC's revenue compounded faster (7.1% CAGR vs -4.3%).
Open Text Corporation is a global software company that develops and sells information management software.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
OTEX vs QVCD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.4B |
| Net Profit | $168.1M | $37.0M |
| Gross Margin | 74.0% | 32.5% |
| Operating Margin | 22.0% | 5.6% |
| Net Margin | 12.7% | 1.5% |
| Revenue YoY | -0.6% | -8.9% |
| Net Profit YoY | -26.9% | 103.0% |
| 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.
| Q4 25 | $1.3B | $2.4B | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.3B | $1.9B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.4B | $2.1B |
| Q4 25 | $168.1M | $37.0M | ||
| Q3 25 | $146.6M | $2.0M | ||
| Q2 25 | $28.8M | $-2.2B | ||
| Q1 25 | $92.8M | $-42.0M | ||
| Q4 24 | $229.9M | $-1.2B | ||
| Q3 24 | $84.4M | $51.0M | ||
| Q2 24 | $248.2M | $53.0M | ||
| Q1 24 | $98.3M | $51.0M |
| Q4 25 | 74.0% | 32.5% | ||
| Q3 25 | 72.8% | 33.6% | ||
| Q2 25 | 72.3% | 35.4% | ||
| Q1 25 | 71.6% | 33.3% | ||
| Q4 24 | 73.3% | 32.6% | ||
| Q3 24 | 71.7% | 34.7% | ||
| Q2 24 | 72.5% | 35.6% | ||
| Q1 24 | 73.0% | 35.0% |
| Q4 25 | 22.0% | 5.6% | ||
| Q3 25 | 21.0% | 4.6% | ||
| Q2 25 | 13.9% | -114.5% | ||
| Q1 25 | 16.7% | 1.5% | ||
| Q4 24 | 22.2% | -47.1% | ||
| Q3 24 | 16.3% | 7.8% | ||
| Q2 24 | 14.2% | 7.6% | ||
| Q1 24 | 15.7% | 7.4% |
| Q4 25 | 12.7% | 1.5% | ||
| Q3 25 | 11.4% | 0.1% | ||
| Q2 25 | 2.2% | -109.1% | ||
| Q1 25 | 7.4% | -2.2% | ||
| Q4 24 | 17.2% | -46.0% | ||
| Q3 24 | 6.6% | 2.4% | ||
| Q2 24 | 18.2% | 2.5% | ||
| Q1 24 | 6.8% | 2.4% |
| 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 | — | ||
| Q1 24 | $0.36 | — |
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 | $1.5B |
| Total DebtLower is stronger | $6.4B | $1.0M |
| Stockholders' EquityBook value | $4.0B | $1.2B |
| Total Assets | $13.6B | $8.5B |
| Debt / EquityLower = less leverage | 1.58× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.1B | $297.0M | ||
| Q3 24 | $1.0B | $297.0M | ||
| Q2 24 | $1.3B | $315.0M | ||
| Q1 24 | $1.1B | $311.0M |
| Q4 25 | $6.4B | $1.0M | ||
| Q3 25 | $6.4B | $5.0B | ||
| Q2 25 | $6.4B | $4.0B | ||
| Q1 25 | $6.4B | $4.0B | ||
| Q4 24 | $6.4B | $3.3B | ||
| Q3 24 | $6.4B | $3.4B | ||
| Q2 24 | $6.4B | $3.7B | ||
| Q1 24 | $8.4B | $3.8B |
| Q4 25 | $4.0B | $1.2B | ||
| Q3 25 | $4.0B | $1.2B | ||
| Q2 25 | $3.9B | $1.2B | ||
| Q1 25 | $4.1B | $3.3B | ||
| Q4 24 | $4.2B | $3.3B | ||
| Q3 24 | $4.1B | $4.6B | ||
| Q2 24 | $4.2B | $4.3B | ||
| Q1 24 | $4.1B | $4.2B |
| Q4 25 | $13.6B | $8.5B | ||
| Q3 25 | $13.5B | $8.3B | ||
| Q2 25 | $13.8B | $7.4B | ||
| Q1 25 | $13.8B | $9.7B | ||
| Q4 24 | $13.7B | $9.9B | ||
| Q3 24 | $13.8B | $9.9B | ||
| Q2 24 | $14.2B | $11.2B | ||
| Q1 24 | $16.4B | $11.4B |
| Q4 25 | 1.58× | 0.00× | ||
| Q3 25 | 1.61× | 4.30× | ||
| Q2 25 | 1.62× | 3.42× | ||
| Q1 25 | 1.55× | 1.22× | ||
| Q4 24 | 1.51× | 1.01× | ||
| Q3 24 | 1.55× | 0.73× | ||
| Q2 24 | 1.52× | 0.87× | ||
| Q1 24 | 2.02× | 0.89× |
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 | $245.0M |
| Free Cash FlowOCF − Capex | $279.4M | — |
| FCF MarginFCF / Revenue | 21.1% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | 1.90× | 6.62× |
| TTM Free Cash FlowTrailing 4 quarters | $878.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $245.0M | ||
| Q3 25 | $147.8M | $76.0M | ||
| Q2 25 | $158.2M | $52.0M | ||
| Q1 25 | $402.2M | $46.0M | ||
| Q4 24 | $348.0M | $189.0M | ||
| Q3 24 | $-77.8M | $98.0M | ||
| Q2 24 | $185.2M | $164.0M | ||
| Q1 24 | $384.7M | $84.0M |
| 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 | — | ||
| 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× | 6.62× | ||
| Q3 25 | 1.01× | 38.00× | ||
| Q2 25 | 5.49× | — | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | -0.92× | 1.92× | ||
| Q2 24 | 0.75× | 3.09× | ||
| Q1 24 | 3.91× | 1.65× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
