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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $1.3B, roughly 1.7× OPEN TEXT CORP). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 12.7%, a 10.8% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -36.8%). Over the past eight quarters, OPEN TEXT CORP's revenue compounded faster (-4.3% CAGR vs -11.9%).
Open Text Corporation is a global software company that develops and sells information management software.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
OTEX vs RNR — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.2B |
| Net Profit | $168.1M | $515.8M |
| Gross Margin | 74.0% | — |
| Operating Margin | 22.0% | — |
| Net Margin | 12.7% | 23.5% |
| Revenue YoY | -0.6% | -36.8% |
| Net Profit YoY | -26.9% | 72.6% |
| EPS (diluted) | $0.66 | $6.57 |
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.
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.3B | $3.0B | ||
| Q3 25 | $1.3B | $3.2B | ||
| Q2 25 | $1.3B | $3.2B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.3B | $4.0B | ||
| Q2 24 | $1.4B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $168.1M | $760.5M | ||
| Q3 25 | $146.6M | $916.5M | ||
| Q2 25 | $28.8M | $835.4M | ||
| Q1 25 | $92.8M | $170.0M | ||
| Q4 24 | $229.9M | $-189.7M | ||
| Q3 24 | $84.4M | $1.2B | ||
| Q2 24 | $248.2M | $503.9M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 22.0% | 42.5% | ||
| Q3 25 | 21.0% | 46.3% | ||
| Q2 25 | 13.9% | 41.8% | ||
| Q1 25 | 16.7% | -2.0% | ||
| Q4 24 | 22.2% | -3.6% | ||
| Q3 24 | 16.3% | 43.7% | ||
| Q2 24 | 14.2% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 12.7% | 25.6% | ||
| Q3 25 | 11.4% | 28.7% | ||
| Q2 25 | 2.2% | 26.1% | ||
| Q1 25 | 7.4% | 4.9% | ||
| Q4 24 | 17.2% | -8.3% | ||
| Q3 24 | 6.6% | 29.8% | ||
| Q2 24 | 18.2% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.66 | $16.16 | ||
| Q3 25 | $0.58 | $19.40 | ||
| Q2 25 | $0.11 | $17.20 | ||
| Q1 25 | $0.35 | $3.27 | ||
| Q4 24 | $0.87 | $-3.76 | ||
| Q3 24 | $0.32 | $22.62 | ||
| Q2 24 | $0.91 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $6.4B | — |
| Stockholders' EquityBook value | $4.0B | $4.3B |
| Total Assets | $13.6B | $53.7B |
| Debt / EquityLower = less leverage | 1.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $1.3B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $6.4B | $2.3B | ||
| Q3 25 | $6.4B | $2.2B | ||
| Q2 25 | $6.4B | $2.3B | ||
| Q1 25 | $6.4B | $2.8B | ||
| Q4 24 | $6.4B | $1.9B | ||
| Q3 24 | $6.4B | $1.9B | ||
| Q2 24 | $6.4B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $4.0B | $11.6B | ||
| Q3 25 | $4.0B | $11.5B | ||
| Q2 25 | $3.9B | $10.8B | ||
| Q1 25 | $4.1B | $10.3B | ||
| Q4 24 | $4.2B | $10.6B | ||
| Q3 24 | $4.1B | $11.2B | ||
| Q2 24 | $4.2B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $13.6B | $53.8B | ||
| Q3 25 | $13.5B | $54.5B | ||
| Q2 25 | $13.8B | $54.7B | ||
| Q1 25 | $13.8B | $53.6B | ||
| Q4 24 | $13.7B | $50.7B | ||
| Q3 24 | $13.8B | $52.8B | ||
| Q2 24 | $14.2B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | 0.20× | ||
| Q3 25 | 1.61× | 0.19× | ||
| Q2 25 | 1.62× | 0.21× | ||
| Q1 25 | 1.55× | 0.27× | ||
| Q4 24 | 1.51× | 0.18× | ||
| Q3 24 | 1.55× | 0.17× | ||
| Q2 24 | 1.52× | 0.19× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $318.7M | $483.0M | ||
| Q3 25 | $147.8M | $1.6B | ||
| Q2 25 | $158.2M | $1.5B | ||
| Q1 25 | $402.2M | $157.8M | ||
| Q4 24 | $348.0M | $778.9M | ||
| Q3 24 | $-77.8M | $1.5B | ||
| Q2 24 | $185.2M | $1.2B |
| 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 | — |
| 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% | — |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | 0.64× | ||
| Q3 25 | 1.01× | 1.73× | ||
| Q2 25 | 5.49× | 1.76× | ||
| Q1 25 | 4.33× | 0.93× | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | -0.92× | 1.26× | ||
| Q2 24 | 0.75× | 2.41× |
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% |
RNR
Segment breakdown not available.
