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Side-by-side financial comparison of OPEN TEXT CORP (OTEX) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
OPEN TEXT CORP is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.2× Virtu Financial, Inc.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 12.7%, a 19.0% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs -0.6%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% CAGR vs -4.3%).
Open Text Corporation is a global software company that develops and sells information management software.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
OTEX vs VIRT — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.1B |
| Net Profit | $168.1M | $346.6M |
| Gross Margin | 74.0% | — |
| Operating Margin | 22.0% | 37.4% |
| Net Margin | 12.7% | 31.6% |
| Revenue YoY | -0.6% | 30.7% |
| Net Profit YoY | -26.9% | 82.8% |
| EPS (diluted) | $0.66 | $1.99 |
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.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.3B | $969.9M | ||
| Q3 25 | $1.3B | $824.8M | ||
| Q2 25 | $1.3B | $999.6M | ||
| Q1 25 | $1.3B | $837.9M | ||
| Q4 24 | $1.3B | $834.3M | ||
| Q3 24 | $1.3B | $706.8M | ||
| Q2 24 | $1.4B | $693.0M |
| Q1 26 | — | $346.6M | ||
| Q4 25 | $168.1M | $139.9M | ||
| Q3 25 | $146.6M | $77.6M | ||
| Q2 25 | $28.8M | $151.2M | ||
| Q1 25 | $92.8M | $99.7M | ||
| Q4 24 | $229.9M | $94.1M | ||
| Q3 24 | $84.4M | $60.0M | ||
| Q2 24 | $248.2M | $66.6M |
| Q1 26 | — | — | ||
| 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 26 | — | 37.4% | ||
| Q4 25 | 22.0% | 35.4% | ||
| Q3 25 | 21.0% | 21.8% | ||
| Q2 25 | 13.9% | 34.7% | ||
| Q1 25 | 16.7% | 26.7% | ||
| Q4 24 | 22.2% | 24.3% | ||
| Q3 24 | 16.3% | 20.8% | ||
| Q2 24 | 14.2% | 22.4% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | 12.7% | 14.4% | ||
| Q3 25 | 11.4% | 9.4% | ||
| Q2 25 | 2.2% | 15.1% | ||
| Q1 25 | 7.4% | 11.9% | ||
| Q4 24 | 17.2% | 11.3% | ||
| Q3 24 | 6.6% | 8.5% | ||
| Q2 24 | 18.2% | 9.6% |
| Q1 26 | — | $1.99 | ||
| Q4 25 | $0.66 | $1.54 | ||
| Q3 25 | $0.58 | $0.86 | ||
| Q2 25 | $0.11 | $1.65 | ||
| Q1 25 | $0.35 | $1.08 | ||
| Q4 24 | $0.87 | $1.03 | ||
| Q3 24 | $0.32 | $0.64 | ||
| Q2 24 | $0.91 | $0.71 |
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 | $973.2M |
| Total DebtLower is stronger | $6.4B | — |
| Stockholders' EquityBook value | $4.0B | $2.2B |
| Total Assets | $13.6B | $25.1B |
| Debt / EquityLower = less leverage | 1.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $973.2M | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.1B | $707.9M | ||
| Q2 25 | $1.2B | $752.1M | ||
| Q1 25 | $1.3B | $723.6M | ||
| Q4 24 | $1.1B | $872.5M | ||
| Q3 24 | $1.0B | $701.4M | ||
| Q2 24 | $1.3B | $684.8M |
| Q1 26 | — | — | ||
| Q4 25 | $6.4B | $2.0B | ||
| Q3 25 | $6.4B | $2.0B | ||
| Q2 25 | $6.4B | $1.7B | ||
| Q1 25 | $6.4B | $1.7B | ||
| Q4 24 | $6.4B | $1.7B | ||
| Q3 24 | $6.4B | $1.7B | ||
| Q2 24 | $6.4B | $1.7B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $4.0B | $1.6B | ||
| Q3 25 | $4.0B | $1.5B | ||
| Q2 25 | $3.9B | $1.4B | ||
| Q1 25 | $4.1B | $1.3B | ||
| Q4 24 | $4.2B | $1.3B | ||
| Q3 24 | $4.1B | $1.2B | ||
| Q2 24 | $4.2B | $1.2B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $13.6B | $20.2B | ||
| Q3 25 | $13.5B | $21.3B | ||
| Q2 25 | $13.8B | $19.3B | ||
| Q1 25 | $13.8B | $17.5B | ||
| Q4 24 | $13.7B | $15.4B | ||
| Q3 24 | $13.8B | $14.4B | ||
| Q2 24 | $14.2B | $13.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | 1.29× | ||
| Q3 25 | 1.61× | 1.40× | ||
| Q2 25 | 1.62× | 1.24× | ||
| Q1 25 | 1.55× | 1.33× | ||
| Q4 24 | 1.51× | 1.39× | ||
| Q3 24 | 1.55× | 1.41× | ||
| Q2 24 | 1.52× | 1.41× |
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 | — |
| Free Cash FlowOCF − Capex | $279.4M | — |
| FCF MarginFCF / Revenue | 21.1% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | 1.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | $878.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $318.7M | $518.4M | ||
| Q3 25 | $147.8M | $-68.7M | ||
| Q2 25 | $158.2M | $62.8M | ||
| Q1 25 | $402.2M | $15.0M | ||
| Q4 24 | $348.0M | $599.0M | ||
| Q3 24 | $-77.8M | $112.1M | ||
| Q2 24 | $185.2M | $490.8M |
| Q1 26 | — | — | ||
| Q4 25 | $279.4M | $495.6M | ||
| Q3 25 | $101.2M | $-76.7M | ||
| Q2 25 | $124.0M | $57.6M | ||
| Q1 25 | $373.8M | $9.2M | ||
| Q4 24 | $306.7M | $586.6M | ||
| Q3 24 | $-117.1M | $106.2M | ||
| Q2 24 | $145.2M | $486.9M |
| Q1 26 | — | — | ||
| Q4 25 | 21.1% | 51.1% | ||
| Q3 25 | 7.9% | -9.3% | ||
| Q2 25 | 9.5% | 5.8% | ||
| Q1 25 | 29.8% | 1.1% | ||
| Q4 24 | 23.0% | 70.3% | ||
| Q3 24 | -9.2% | 15.0% | ||
| Q2 24 | 10.7% | 70.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 2.4% | ||
| Q3 25 | 3.6% | 1.0% | ||
| Q2 25 | 2.6% | 0.5% | ||
| Q1 25 | 2.3% | 0.7% | ||
| Q4 24 | 3.1% | 1.5% | ||
| Q3 24 | 3.1% | 0.8% | ||
| Q2 24 | 2.9% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | 3.71× | ||
| Q3 25 | 1.01× | -0.89× | ||
| Q2 25 | 5.49× | 0.42× | ||
| Q1 25 | 4.33× | 0.15× | ||
| Q4 24 | 1.51× | 6.37× | ||
| Q3 24 | -0.92× | 1.87× | ||
| Q2 24 | 0.75× | 7.37× |
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% |
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
