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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.1× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs -3.1%, a 15.8% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -11.9%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs -4.3%).
Open Text Corporation is a global software company that develops and sells information management software.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
OTEX vs RXO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.5B |
| Net Profit | $168.1M | $-46.0M |
| Gross Margin | 74.0% | — |
| Operating Margin | 22.0% | -2.9% |
| Net Margin | 12.7% | -3.1% |
| Revenue YoY | -0.6% | -11.9% |
| Net Profit YoY | -26.9% | -84.0% |
| EPS (diluted) | $0.66 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.4B | $930.0M | ||
| Q1 24 | $1.4B | $913.0M |
| Q4 25 | $168.1M | $-46.0M | ||
| Q3 25 | $146.6M | $-14.0M | ||
| Q2 25 | $28.8M | $-9.0M | ||
| Q1 25 | $92.8M | $-31.0M | ||
| Q4 24 | $229.9M | $-25.0M | ||
| Q3 24 | $84.4M | $-243.0M | ||
| Q2 24 | $248.2M | $-7.0M | ||
| Q1 24 | $98.3M | $-15.0M |
| 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% | -2.9% | ||
| Q3 25 | 21.0% | -0.5% | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | 16.7% | -2.1% | ||
| Q4 24 | 22.2% | -1.4% | ||
| Q3 24 | 16.3% | -1.9% | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | 15.7% | -1.3% |
| Q4 25 | 12.7% | -3.1% | ||
| Q3 25 | 11.4% | -1.0% | ||
| Q2 25 | 2.2% | -0.6% | ||
| Q1 25 | 7.4% | -2.2% | ||
| Q4 24 | 17.2% | -1.5% | ||
| Q3 24 | 6.6% | -23.4% | ||
| Q2 24 | 18.2% | -0.8% | ||
| Q1 24 | 6.8% | -1.6% |
| Q4 25 | $0.66 | $-0.28 | ||
| Q3 25 | $0.58 | $-0.08 | ||
| Q2 25 | $0.11 | $-0.05 | ||
| Q1 25 | $0.35 | $-0.18 | ||
| Q4 24 | $0.87 | $-0.17 | ||
| Q3 24 | $0.32 | $-1.81 | ||
| Q2 24 | $0.91 | $-0.06 | ||
| Q1 24 | $0.36 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | $6.4B | $387.0M |
| Stockholders' EquityBook value | $4.0B | $1.5B |
| Total Assets | $13.6B | $3.3B |
| Debt / EquityLower = less leverage | 1.58× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $17.0M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $1.2B | $18.0M | ||
| Q1 25 | $1.3B | $16.0M | ||
| Q4 24 | $1.1B | $35.0M | ||
| Q3 24 | $1.0B | $55.0M | ||
| Q2 24 | $1.3B | $7.0M | ||
| Q1 24 | $1.1B | $7.0M |
| Q4 25 | $6.4B | $387.0M | ||
| Q3 25 | $6.4B | $387.0M | ||
| Q2 25 | $6.4B | $387.0M | ||
| Q1 25 | $6.4B | $387.0M | ||
| Q4 24 | $6.4B | $351.0M | ||
| Q3 24 | $6.4B | $352.0M | ||
| Q2 24 | $6.4B | $370.0M | ||
| Q1 24 | $8.4B | $351.0M |
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $4.0B | $1.6B | ||
| Q2 25 | $3.9B | $1.6B | ||
| Q1 25 | $4.1B | $1.6B | ||
| Q4 24 | $4.2B | $1.6B | ||
| Q3 24 | $4.1B | $1.7B | ||
| Q2 24 | $4.2B | $579.0M | ||
| Q1 24 | $4.1B | $582.0M |
| Q4 25 | $13.6B | $3.3B | ||
| Q3 25 | $13.5B | $3.2B | ||
| Q2 25 | $13.8B | $3.2B | ||
| Q1 25 | $13.8B | $3.3B | ||
| Q4 24 | $13.7B | $3.4B | ||
| Q3 24 | $13.8B | $3.4B | ||
| Q2 24 | $14.2B | $1.8B | ||
| Q1 24 | $16.4B | $1.8B |
| Q4 25 | 1.58× | 0.25× | ||
| Q3 25 | 1.61× | 0.24× | ||
| Q2 25 | 1.62× | 0.24× | ||
| Q1 25 | 1.55× | 0.24× | ||
| Q4 24 | 1.51× | 0.22× | ||
| Q3 24 | 1.55× | 0.21× | ||
| Q2 24 | 1.52× | 0.64× | ||
| 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 | $7.0M |
| Free Cash FlowOCF − Capex | $279.4M | $-9.0M |
| FCF MarginFCF / Revenue | 21.1% | -0.6% |
| Capex IntensityCapex / Revenue | 3.0% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | $878.5M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $7.0M | ||
| Q3 25 | $147.8M | $23.0M | ||
| Q2 25 | $158.2M | $23.0M | ||
| Q1 25 | $402.2M | $-2.0M | ||
| Q4 24 | $348.0M | $-7.0M | ||
| Q3 24 | $-77.8M | $-7.0M | ||
| Q2 24 | $185.2M | $-5.0M | ||
| Q1 24 | $384.7M | $7.0M |
| Q4 25 | $279.4M | $-9.0M | ||
| Q3 25 | $101.2M | $9.0M | ||
| Q2 25 | $124.0M | $9.0M | ||
| Q1 25 | $373.8M | $-17.0M | ||
| Q4 24 | $306.7M | $-19.0M | ||
| Q3 24 | $-117.1M | $-18.0M | ||
| Q2 24 | $145.2M | $-16.0M | ||
| Q1 24 | $348.2M | $-4.0M |
| Q4 25 | 21.1% | -0.6% | ||
| Q3 25 | 7.9% | 0.6% | ||
| Q2 25 | 9.5% | 0.6% | ||
| Q1 25 | 29.8% | -1.2% | ||
| Q4 24 | 23.0% | -1.1% | ||
| Q3 24 | -9.2% | -1.7% | ||
| Q2 24 | 10.7% | -1.7% | ||
| Q1 24 | 24.1% | -0.4% |
| Q4 25 | 3.0% | 1.1% | ||
| Q3 25 | 3.6% | 1.0% | ||
| Q2 25 | 2.6% | 1.0% | ||
| Q1 25 | 2.3% | 1.0% | ||
| Q4 24 | 3.1% | 0.7% | ||
| Q3 24 | 3.1% | 1.1% | ||
| Q2 24 | 2.9% | 1.2% | ||
| Q1 24 | 2.5% | 1.2% |
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 5.49× | — | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | -0.92× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | 3.91× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
