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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× OPEN TEXT CORP). OPEN TEXT CORP runs the higher net margin — 12.7% vs 3.1%, a 9.5% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $257.7M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs -4.3%).
Open Text Corporation is a global software company that develops and sells information management software.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
OTEX vs SEE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.4B |
| Net Profit | $168.1M | $43.8M |
| Gross Margin | 74.0% | 28.6% |
| Operating Margin | 22.0% | 11.4% |
| Net Margin | 12.7% | 3.1% |
| Revenue YoY | -0.6% | 2.6% |
| Net Profit YoY | -26.9% | 700.0% |
| EPS (diluted) | $0.66 | $0.30 |
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 | $1.4B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $168.1M | $43.8M | ||
| Q3 25 | $146.6M | $255.1M | ||
| Q2 25 | $28.8M | $93.1M | ||
| Q1 25 | $92.8M | $113.5M | ||
| Q4 24 | $229.9M | $-7.3M | ||
| Q3 24 | $84.4M | $91.7M | ||
| Q2 24 | $248.2M | $98.3M | ||
| Q1 24 | $98.3M | $82.0M |
| Q4 25 | 74.0% | 28.6% | ||
| Q3 25 | 72.8% | 29.8% | ||
| Q2 25 | 72.3% | 30.7% | ||
| Q1 25 | 71.6% | 30.9% | ||
| Q4 24 | 73.3% | 30.0% | ||
| Q3 24 | 71.7% | 30.1% | ||
| Q2 24 | 72.5% | 31.2% | ||
| Q1 24 | 73.0% | 30.3% |
| Q4 25 | 22.0% | 11.4% | ||
| Q3 25 | 21.0% | 13.8% | ||
| Q2 25 | 13.9% | 15.0% | ||
| Q1 25 | 16.7% | 14.5% | ||
| Q4 24 | 22.2% | 11.7% | ||
| Q3 24 | 16.3% | 13.9% | ||
| Q2 24 | 14.2% | 15.4% | ||
| Q1 24 | 15.7% | 14.0% |
| Q4 25 | 12.7% | 3.1% | ||
| Q3 25 | 11.4% | 19.0% | ||
| Q2 25 | 2.2% | 7.0% | ||
| Q1 25 | 7.4% | 9.0% | ||
| Q4 24 | 17.2% | -0.5% | ||
| Q3 24 | 6.6% | 6.9% | ||
| Q2 24 | 18.2% | 7.4% | ||
| Q1 24 | 6.8% | 6.2% |
| Q4 25 | $0.66 | $0.30 | ||
| Q3 25 | $0.58 | $1.73 | ||
| Q2 25 | $0.11 | $0.63 | ||
| Q1 25 | $0.35 | $0.77 | ||
| Q4 24 | $0.87 | $-0.05 | ||
| Q3 24 | $0.32 | $0.63 | ||
| Q2 24 | $0.91 | $0.67 | ||
| Q1 24 | $0.36 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $6.4B | $3.3B |
| Stockholders' EquityBook value | $4.0B | $1.2B |
| Total Assets | $13.6B | $7.0B |
| Debt / EquityLower = less leverage | 1.58× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $344.0M | ||
| Q3 25 | $1.1B | $282.5M | ||
| Q2 25 | $1.2B | $354.4M | ||
| Q1 25 | $1.3B | $335.2M | ||
| Q4 24 | $1.1B | $371.8M | ||
| Q3 24 | $1.0B | $386.0M | ||
| Q2 24 | $1.3B | $388.6M | ||
| Q1 24 | $1.1B | $352.8M |
| Q4 25 | $6.4B | $3.3B | ||
| Q3 25 | $6.4B | $4.0B | ||
| Q2 25 | $6.4B | $4.0B | ||
| Q1 25 | $6.4B | $4.2B | ||
| Q4 24 | $6.4B | $4.2B | ||
| Q3 24 | $6.4B | $4.3B | ||
| Q2 24 | $6.4B | $4.4B | ||
| Q1 24 | $8.4B | $4.5B |
| Q4 25 | $4.0B | $1.2B | ||
| Q3 25 | $4.0B | $1.2B | ||
| Q2 25 | $3.9B | $953.1M | ||
| Q1 25 | $4.1B | $797.9M | ||
| Q4 24 | $4.2B | $624.5M | ||
| Q3 24 | $4.1B | $771.2M | ||
| Q2 24 | $4.2B | $650.1M | ||
| Q1 24 | $4.1B | $598.3M |
| Q4 25 | $13.6B | $7.0B | ||
| Q3 25 | $13.5B | $7.1B | ||
| Q2 25 | $13.8B | $7.2B | ||
| Q1 25 | $13.8B | $7.0B | ||
| Q4 24 | $13.7B | $7.0B | ||
| Q3 24 | $13.8B | $7.3B | ||
| Q2 24 | $14.2B | $7.3B | ||
| Q1 24 | $16.4B | $7.2B |
| Q4 25 | 1.58× | 2.65× | ||
| Q3 25 | 1.61× | 3.34× | ||
| Q2 25 | 1.62× | 4.18× | ||
| Q1 25 | 1.55× | 5.26× | ||
| Q4 24 | 1.51× | 6.72× | ||
| Q3 24 | 1.55× | 5.62× | ||
| Q2 24 | 1.52× | 6.81× | ||
| Q1 24 | 2.02× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $279.4M | $257.7M |
| FCF MarginFCF / Revenue | 21.1% | 18.5% |
| Capex IntensityCapex / Revenue | 3.0% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.90× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $878.5M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $293.6M | ||
| Q3 25 | $147.8M | $165.9M | ||
| Q2 25 | $158.2M | $136.6M | ||
| Q1 25 | $402.2M | $31.9M | ||
| Q4 24 | $348.0M | $244.2M | ||
| Q3 24 | $-77.8M | $170.5M | ||
| Q2 24 | $185.2M | $188.2M | ||
| Q1 24 | $384.7M | $125.1M |
| Q4 25 | $279.4M | $257.7M | ||
| Q3 25 | $101.2M | $119.6M | ||
| Q2 25 | $124.0M | $93.2M | ||
| Q1 25 | $373.8M | $-12.0M | ||
| Q4 24 | $306.7M | $185.1M | ||
| Q3 24 | $-117.1M | $115.2M | ||
| Q2 24 | $145.2M | $129.5M | ||
| Q1 24 | $348.2M | $78.0M |
| Q4 25 | 21.1% | 18.5% | ||
| Q3 25 | 7.9% | 8.9% | ||
| Q2 25 | 9.5% | 7.0% | ||
| Q1 25 | 29.8% | -0.9% | ||
| Q4 24 | 23.0% | 13.6% | ||
| Q3 24 | -9.2% | 8.6% | ||
| Q2 24 | 10.7% | 9.7% | ||
| Q1 24 | 24.1% | 5.9% |
| Q4 25 | 3.0% | 2.6% | ||
| Q3 25 | 3.6% | 3.4% | ||
| Q2 25 | 2.6% | 3.3% | ||
| Q1 25 | 2.3% | 3.5% | ||
| Q4 24 | 3.1% | 4.4% | ||
| Q3 24 | 3.1% | 4.1% | ||
| Q2 24 | 2.9% | 4.4% | ||
| Q1 24 | 2.5% | 3.6% |
| Q4 25 | 1.90× | 6.70× | ||
| Q3 25 | 1.01× | 0.65× | ||
| Q2 25 | 5.49× | 1.47× | ||
| Q1 25 | 4.33× | 0.28× | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | -0.92× | 1.86× | ||
| Q2 24 | 0.75× | 1.91× | ||
| Q1 24 | 3.91× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
