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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and Snowflake Inc. (SNOW). 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× Snowflake Inc.). OPEN TEXT CORP runs the higher net margin — 12.7% vs -24.2%, a 36.9% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $113.6M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% CAGR vs -4.3%).
Open Text Corporation is a global software company that develops and sells information management software.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
OTEX vs SNOW — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.2B |
| Net Profit | $168.1M | $-294.0M |
| Gross Margin | 74.0% | 67.8% |
| Operating Margin | 22.0% | -27.2% |
| Net Margin | 12.7% | -24.2% |
| Revenue YoY | -0.6% | 28.7% |
| Net Profit YoY | -26.9% | 9.4% |
| EPS (diluted) | $0.66 | $-0.87 |
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 | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.3B | $986.8M | ||
| Q4 24 | $1.3B | $942.1M | ||
| Q3 24 | $1.3B | $868.8M | ||
| Q2 24 | $1.4B | $828.7M | ||
| Q1 24 | $1.4B | $774.7M |
| Q4 25 | $168.1M | $-294.0M | ||
| Q3 25 | $146.6M | $-298.0M | ||
| Q2 25 | $28.8M | $-430.1M | ||
| Q1 25 | $92.8M | $-327.5M | ||
| Q4 24 | $229.9M | $-324.3M | ||
| Q3 24 | $84.4M | $-316.9M | ||
| Q2 24 | $248.2M | $-317.0M | ||
| Q1 24 | $98.3M | $-169.4M |
| Q4 25 | 74.0% | 67.8% | ||
| Q3 25 | 72.8% | 67.5% | ||
| Q2 25 | 72.3% | 66.5% | ||
| Q1 25 | 71.6% | 66.2% | ||
| Q4 24 | 73.3% | 65.9% | ||
| Q3 24 | 71.7% | 66.8% | ||
| Q2 24 | 72.5% | 67.1% | ||
| Q1 24 | 73.0% | 68.8% |
| Q4 25 | 22.0% | -27.2% | ||
| Q3 25 | 21.0% | -29.7% | ||
| Q2 25 | 13.9% | -42.9% | ||
| Q1 25 | 16.7% | -39.2% | ||
| Q4 24 | 22.2% | -38.8% | ||
| Q3 24 | 16.3% | -40.9% | ||
| Q2 24 | 14.2% | -42.1% | ||
| Q1 24 | 15.7% | -35.6% |
| Q4 25 | 12.7% | -24.2% | ||
| Q3 25 | 11.4% | -26.0% | ||
| Q2 25 | 2.2% | -41.3% | ||
| Q1 25 | 7.4% | -33.2% | ||
| Q4 24 | 17.2% | -34.4% | ||
| Q3 24 | 6.6% | -36.5% | ||
| Q2 24 | 18.2% | -38.3% | ||
| Q1 24 | 6.8% | -21.9% |
| Q4 25 | $0.66 | $-0.87 | ||
| Q3 25 | $0.58 | $-0.89 | ||
| Q2 25 | $0.11 | $-1.29 | ||
| Q1 25 | $0.35 | $-0.98 | ||
| Q4 24 | $0.87 | $-0.98 | ||
| Q3 24 | $0.32 | $-0.95 | ||
| Q2 24 | $0.91 | $-0.95 | ||
| Q1 24 | $0.36 | $-0.51 |
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 | $1.9B |
| Total DebtLower is stronger | $6.4B | — |
| Stockholders' EquityBook value | $4.0B | $2.1B |
| Total Assets | $13.6B | $8.2B |
| Debt / EquityLower = less leverage | 1.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.1B | $1.8B |
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.4B | — | ||
| Q4 24 | $6.4B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.4B | — | ||
| Q1 24 | $8.4B | — |
| Q4 25 | $4.0B | $2.1B | ||
| Q3 25 | $4.0B | $2.4B | ||
| Q2 25 | $3.9B | $2.4B | ||
| Q1 25 | $4.1B | $3.0B | ||
| Q4 24 | $4.2B | $2.9B | ||
| Q3 24 | $4.1B | $4.1B | ||
| Q2 24 | $4.2B | $4.6B | ||
| Q1 24 | $4.1B | $5.2B |
| Q4 25 | $13.6B | $8.2B | ||
| Q3 25 | $13.5B | $8.2B | ||
| Q2 25 | $13.8B | $8.2B | ||
| Q1 25 | $13.8B | $9.0B | ||
| Q4 24 | $13.7B | $8.2B | ||
| Q3 24 | $13.8B | $6.9B | ||
| Q2 24 | $14.2B | $7.3B | ||
| Q1 24 | $16.4B | $8.2B |
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.61× | — | ||
| Q2 25 | 1.62× | — | ||
| Q1 25 | 1.55× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.52× | — | ||
| Q1 24 | 2.02× | — |
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 | $137.5M |
| Free Cash FlowOCF − Capex | $279.4M | $113.6M |
| FCF MarginFCF / Revenue | 21.1% | 9.4% |
| Capex IntensityCapex / Revenue | 3.0% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | $878.5M | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $137.5M | ||
| Q3 25 | $147.8M | $74.9M | ||
| Q2 25 | $158.2M | $228.4M | ||
| Q1 25 | $402.2M | $432.7M | ||
| Q4 24 | $348.0M | $101.7M | ||
| Q3 24 | $-77.8M | $69.9M | ||
| Q2 24 | $185.2M | $355.5M | ||
| Q1 24 | $384.7M | $344.6M |
| Q4 25 | $279.4M | $113.6M | ||
| Q3 25 | $101.2M | $58.2M | ||
| Q2 25 | $124.0M | $183.4M | ||
| Q1 25 | $373.8M | $421.4M | ||
| Q4 24 | $306.7M | $88.3M | ||
| Q3 24 | $-117.1M | $64.8M | ||
| Q2 24 | $145.2M | $338.9M | ||
| Q1 24 | $348.2M | $331.5M |
| Q4 25 | 21.1% | 9.4% | ||
| Q3 25 | 7.9% | 5.1% | ||
| Q2 25 | 9.5% | 17.6% | ||
| Q1 25 | 29.8% | 42.7% | ||
| Q4 24 | 23.0% | 9.4% | ||
| Q3 24 | -9.2% | 7.5% | ||
| Q2 24 | 10.7% | 40.9% | ||
| Q1 24 | 24.1% | 42.8% |
| Q4 25 | 3.0% | 2.0% | ||
| Q3 25 | 3.6% | 1.5% | ||
| Q2 25 | 2.6% | 4.3% | ||
| Q1 25 | 2.3% | 1.1% | ||
| Q4 24 | 3.1% | 1.4% | ||
| Q3 24 | 3.1% | 0.6% | ||
| Q2 24 | 2.9% | 2.0% | ||
| Q1 24 | 2.5% | 1.7% |
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
