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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). 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× MARRIOTT VACATIONS WORLDWIDE Corp). OPEN TEXT CORP runs the higher net margin — 12.7% vs -35.0%, a 47.7% gap on every dollar of revenue. On growth, OPEN TEXT CORP posted the faster year-over-year revenue change (-0.6% vs -0.7%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs -4.3%).
Open Text Corporation is a global software company that develops and sells information management software.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
OTEX vs VAC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.2B |
| Net Profit | $168.1M | $-431.0M |
| Gross Margin | 74.0% | — |
| Operating Margin | 22.0% | — |
| Net Margin | 12.7% | -35.0% |
| Revenue YoY | -0.6% | -0.7% |
| Net Profit YoY | -26.9% | -962.0% |
| EPS (diluted) | $0.66 | $-12.00 |
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 | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | $168.1M | $-431.0M | ||
| Q3 25 | $146.6M | $-2.0M | ||
| Q2 25 | $28.8M | $69.0M | ||
| Q1 25 | $92.8M | $56.0M | ||
| Q4 24 | $229.9M | $50.0M | ||
| Q3 24 | $84.4M | $84.0M | ||
| Q2 24 | $248.2M | $37.0M | ||
| Q1 24 | $98.3M | $47.0M |
| 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% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | 15.7% | — |
| Q4 25 | 12.7% | -35.0% | ||
| Q3 25 | 11.4% | -0.2% | ||
| Q2 25 | 2.2% | 6.0% | ||
| Q1 25 | 7.4% | 5.0% | ||
| Q4 24 | 17.2% | 4.0% | ||
| Q3 24 | 6.6% | 6.9% | ||
| Q2 24 | 18.2% | 3.5% | ||
| Q1 24 | 6.8% | 4.2% |
| Q4 25 | $0.66 | $-12.00 | ||
| Q3 25 | $0.58 | $-0.07 | ||
| Q2 25 | $0.11 | $1.77 | ||
| Q1 25 | $0.35 | $1.46 | ||
| Q4 24 | $0.87 | $1.29 | ||
| Q3 24 | $0.32 | $2.12 | ||
| Q2 24 | $0.91 | $0.98 | ||
| Q1 24 | $0.36 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | $6.4B | — |
| Stockholders' EquityBook value | $4.0B | $2.0B |
| Total Assets | $13.6B | $9.8B |
| Debt / EquityLower = less leverage | 1.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $406.0M | ||
| Q3 25 | $1.1B | $474.0M | ||
| Q2 25 | $1.2B | $205.0M | ||
| Q1 25 | $1.3B | $196.0M | ||
| Q4 24 | $1.1B | $197.0M | ||
| Q3 24 | $1.0B | $197.0M | ||
| Q2 24 | $1.3B | $206.0M | ||
| Q1 24 | $1.1B | $237.0M |
| 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 | $2.0B | ||
| Q3 25 | $4.0B | $2.5B | ||
| Q2 25 | $3.9B | $2.5B | ||
| Q1 25 | $4.1B | $2.4B | ||
| Q4 24 | $4.2B | $2.4B | ||
| Q3 24 | $4.1B | $2.4B | ||
| Q2 24 | $4.2B | $2.4B | ||
| Q1 24 | $4.1B | $2.4B |
| Q4 25 | $13.6B | $9.8B | ||
| Q3 25 | $13.5B | $10.1B | ||
| Q2 25 | $13.8B | $9.9B | ||
| Q1 25 | $13.8B | $9.9B | ||
| Q4 24 | $13.7B | $9.8B | ||
| Q3 24 | $13.8B | $9.7B | ||
| Q2 24 | $14.2B | $9.6B | ||
| Q1 24 | $16.4B | $9.9B |
| 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 | $6.0M |
| Free Cash FlowOCF − Capex | $279.4M | $-6.0M |
| FCF MarginFCF / Revenue | 21.1% | -0.5% |
| Capex IntensityCapex / Revenue | 3.0% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | $878.5M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $6.0M | ||
| Q3 25 | $147.8M | $62.0M | ||
| Q2 25 | $158.2M | $-48.0M | ||
| Q1 25 | $402.2M | $8.0M | ||
| Q4 24 | $348.0M | $100.0M | ||
| Q3 24 | $-77.8M | $72.0M | ||
| Q2 24 | $185.2M | $30.0M | ||
| Q1 24 | $384.7M | $3.0M |
| Q4 25 | $279.4M | $-6.0M | ||
| Q3 25 | $101.2M | $51.0M | ||
| Q2 25 | $124.0M | $-68.0M | ||
| Q1 25 | $373.8M | $-6.0M | ||
| Q4 24 | $306.7M | $86.0M | ||
| Q3 24 | $-117.1M | $58.0M | ||
| Q2 24 | $145.2M | $17.0M | ||
| Q1 24 | $348.2M | $-13.0M |
| Q4 25 | 21.1% | -0.5% | ||
| Q3 25 | 7.9% | 4.3% | ||
| Q2 25 | 9.5% | -5.9% | ||
| Q1 25 | 29.8% | -0.5% | ||
| Q4 24 | 23.0% | 6.9% | ||
| Q3 24 | -9.2% | 4.8% | ||
| Q2 24 | 10.7% | 1.6% | ||
| Q1 24 | 24.1% | -1.2% |
| Q4 25 | 3.0% | 1.0% | ||
| Q3 25 | 3.6% | 0.9% | ||
| Q2 25 | 2.6% | 1.7% | ||
| Q1 25 | 2.3% | 1.3% | ||
| Q4 24 | 3.1% | 1.1% | ||
| Q3 24 | 3.1% | 1.1% | ||
| Q2 24 | 2.9% | 1.2% | ||
| Q1 24 | 2.5% | 1.4% |
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 5.49× | -0.70× | ||
| Q1 25 | 4.33× | 0.14× | ||
| Q4 24 | 1.51× | 2.00× | ||
| Q3 24 | -0.92× | 0.86× | ||
| Q2 24 | 0.75× | 0.81× | ||
| Q1 24 | 3.91× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
