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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $1.3B, roughly 1.9× OPEN TEXT CORP). Tapestry, Inc. runs the higher net margin — 22.4% vs 12.7%, a 9.8% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs -0.6%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $279.4M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% CAGR vs -4.3%).
Open Text Corporation is a global software company that develops and sells information management software.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
OTEX vs TPR — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.5B |
| Net Profit | $168.1M | $561.3M |
| Gross Margin | 74.0% | 75.5% |
| Operating Margin | 22.0% | 28.6% |
| Net Margin | 12.7% | 22.4% |
| Revenue YoY | -0.6% | 14.0% |
| Net Profit YoY | -26.9% | 80.8% |
| EPS (diluted) | $0.66 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.4B | $1.5B |
| Q4 25 | $168.1M | $561.3M | ||
| Q3 25 | $146.6M | $274.8M | ||
| Q2 25 | $28.8M | $-517.1M | ||
| Q1 25 | $92.8M | $203.3M | ||
| Q4 24 | $229.9M | $310.4M | ||
| Q3 24 | $84.4M | $186.6M | ||
| Q2 24 | $248.2M | $159.3M | ||
| Q1 24 | $98.3M | $139.4M |
| Q4 25 | 74.0% | 75.5% | ||
| Q3 25 | 72.8% | 76.3% | ||
| Q2 25 | 72.3% | 76.3% | ||
| Q1 25 | 71.6% | 76.1% | ||
| Q4 24 | 73.3% | 74.4% | ||
| Q3 24 | 71.7% | 75.3% | ||
| Q2 24 | 72.5% | 74.9% | ||
| Q1 24 | 73.0% | 74.7% |
| Q4 25 | 22.0% | 28.6% | ||
| Q3 25 | 21.0% | 19.3% | ||
| Q2 25 | 13.9% | -33.9% | ||
| Q1 25 | 16.7% | 16.0% | ||
| Q4 24 | 22.2% | 22.4% | ||
| Q3 24 | 16.3% | 16.7% | ||
| Q2 24 | 14.2% | 14.8% | ||
| Q1 24 | 15.7% | 13.8% |
| Q4 25 | 12.7% | 22.4% | ||
| Q3 25 | 11.4% | 16.1% | ||
| Q2 25 | 2.2% | -30.0% | ||
| Q1 25 | 7.4% | 12.8% | ||
| Q4 24 | 17.2% | 14.1% | ||
| Q3 24 | 6.6% | 12.4% | ||
| Q2 24 | 18.2% | 10.0% | ||
| Q1 24 | 6.8% | 9.4% |
| Q4 25 | $0.66 | $2.68 | ||
| Q3 25 | $0.58 | $1.28 | ||
| Q2 25 | $0.11 | $-2.30 | ||
| Q1 25 | $0.35 | $0.95 | ||
| Q4 24 | $0.87 | $1.38 | ||
| Q3 24 | $0.32 | $0.79 | ||
| Q2 24 | $0.91 | $0.67 | ||
| Q1 24 | $0.36 | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | $6.4B | $2.4B |
| Stockholders' EquityBook value | $4.0B | $551.2M |
| Total Assets | $13.6B | $6.5B |
| Debt / EquityLower = less leverage | 1.58× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.1B | $743.2M | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.0B | $7.3B | ||
| Q2 24 | $1.3B | $7.2B | ||
| Q1 24 | $1.1B | $7.4B |
| Q4 25 | $6.4B | $2.4B | ||
| Q3 25 | $6.4B | $2.4B | ||
| Q2 25 | $6.4B | $2.4B | ||
| Q1 25 | $6.4B | $2.4B | ||
| Q4 24 | $6.4B | $2.4B | ||
| Q3 24 | $6.4B | $7.0B | ||
| Q2 24 | $6.4B | $6.9B | ||
| Q1 24 | $8.4B | $7.7B |
| Q4 25 | $4.0B | $551.2M | ||
| Q3 25 | $4.0B | $399.5M | ||
| Q2 25 | $3.9B | $857.8M | ||
| Q1 25 | $4.1B | $1.5B | ||
| Q4 24 | $4.2B | $1.3B | ||
| Q3 24 | $4.1B | $3.0B | ||
| Q2 24 | $4.2B | $2.9B | ||
| Q1 24 | $4.1B | $2.8B |
| Q4 25 | $13.6B | $6.5B | ||
| Q3 25 | $13.5B | $6.4B | ||
| Q2 25 | $13.8B | $6.6B | ||
| Q1 25 | $13.8B | $7.3B | ||
| Q4 24 | $13.7B | $7.3B | ||
| Q3 24 | $13.8B | $13.7B | ||
| Q2 24 | $14.2B | $13.4B | ||
| Q1 24 | $16.4B | $13.7B |
| Q4 25 | 1.58× | 4.32× | ||
| Q3 25 | 1.61× | 5.95× | ||
| Q2 25 | 1.62× | 2.77× | ||
| Q1 25 | 1.55× | 1.59× | ||
| Q4 24 | 1.51× | 1.78× | ||
| Q3 24 | 1.55× | 2.35× | ||
| Q2 24 | 1.52× | 2.39× | ||
| Q1 24 | 2.02× | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $279.4M | $1.0B |
| FCF MarginFCF / Revenue | 21.1% | 41.5% |
| Capex IntensityCapex / Revenue | 3.0% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.90× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $878.5M | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $1.1B | ||
| Q3 25 | $147.8M | $112.6M | ||
| Q2 25 | $158.2M | $446.8M | ||
| Q1 25 | $402.2M | $144.3M | ||
| Q4 24 | $348.0M | $506.0M | ||
| Q3 24 | $-77.8M | $119.5M | ||
| Q2 24 | $185.2M | $256.0M | ||
| Q1 24 | $384.7M | $97.8M |
| Q4 25 | $279.4M | $1.0B | ||
| Q3 25 | $101.2M | $80.2M | ||
| Q2 25 | $124.0M | $411.5M | ||
| Q1 25 | $373.8M | $113.4M | ||
| Q4 24 | $306.7M | $475.1M | ||
| Q3 24 | $-117.1M | $93.9M | ||
| Q2 24 | $145.2M | $209.8M | ||
| Q1 24 | $348.2M | $78.8M |
| Q4 25 | 21.1% | 41.5% | ||
| Q3 25 | 7.9% | 4.7% | ||
| Q2 25 | 9.5% | 23.9% | ||
| Q1 25 | 29.8% | 7.2% | ||
| Q4 24 | 23.0% | 21.6% | ||
| Q3 24 | -9.2% | 6.2% | ||
| Q2 24 | 10.7% | 13.2% | ||
| Q1 24 | 24.1% | 5.3% |
| Q4 25 | 3.0% | 1.7% | ||
| Q3 25 | 3.6% | 1.9% | ||
| Q2 25 | 2.6% | 2.0% | ||
| Q1 25 | 2.3% | 2.0% | ||
| Q4 24 | 3.1% | 1.4% | ||
| Q3 24 | 3.1% | 1.7% | ||
| Q2 24 | 2.9% | 2.9% | ||
| Q1 24 | 2.5% | 1.3% |
| Q4 25 | 1.90× | 1.93× | ||
| Q3 25 | 1.01× | 0.41× | ||
| Q2 25 | 5.49× | — | ||
| Q1 25 | 4.33× | 0.71× | ||
| Q4 24 | 1.51× | 1.63× | ||
| Q3 24 | -0.92× | 0.64× | ||
| Q2 24 | 0.75× | 1.61× | ||
| Q1 24 | 3.91× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
