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OPEN TEXT CORP（OTEX）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是OPEN TEXT CORP的1.2倍（$1.6B vs $1.3B）。OPEN TEXT CORP净利率更高（12.7% vs 3.5%，领先9.2%）。OPEN TEXT CORP同比增速更快（-0.6% vs -7.5%）。OPEN TEXT CORP自由现金流更多（$279.4M vs $135.6M）。过去两年帕森斯公司的营收复合增速更高（2.2% vs -4.3%）
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
OTEX vs PSN — 直观对比
营收规模更大
PSN
是对方的1.2倍
$1.3B
营收增速更快
OTEX
高出6.9%
-7.5%
净利率更高
OTEX
高出9.2%
3.5%
自由现金流更多
OTEX
多$143.9M
$135.6M
两年增速更快
PSN
近两年复合增速
-4.3%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.6B |
| 净利润 | $168.1M | $55.6M |
| 毛利率 | 74.0% | 23.0% |
| 营业利润率 | 22.0% | 6.6% |
| 净利率 | 12.7% | 3.5% |
| 营收同比 | -0.6% | -7.5% |
| 净利润同比 | -26.9% | -72.4% |
| 每股收益（稀释后） | $0.66 | $0.51 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收OTEXPSN
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.4B | $1.5B |
净利润OTEXPSN
| Q4 25 | $168.1M | $55.6M | ||
| Q3 25 | $146.6M | $64.1M | ||
| Q2 25 | $28.8M | $55.2M | ||
| Q1 25 | $92.8M | $66.2M | ||
| Q4 24 | $229.9M | $201.3M | ||
| Q3 24 | $84.4M | $72.0M | ||
| Q2 24 | $248.2M | $69.2M | ||
| Q1 24 | $98.3M | $-107.4M |
毛利率OTEXPSN
| Q4 25 | 74.0% | 23.0% | ||
| Q3 25 | 72.8% | 22.2% | ||
| Q2 25 | 72.3% | 22.0% | ||
| Q1 25 | 71.6% | 22.8% | ||
| Q4 24 | 73.3% | 21.3% | ||
| Q3 24 | 71.7% | 19.9% | ||
| Q2 24 | 72.5% | 21.0% | ||
| Q1 24 | 73.0% | 21.2% |
营业利润率OTEXPSN
| Q4 25 | 22.0% | 6.6% | ||
| Q3 25 | 21.0% | 6.7% | ||
| Q2 25 | 13.9% | 6.0% | ||
| Q1 25 | 16.7% | 7.0% | ||
| Q4 24 | 22.2% | 5.8% | ||
| Q3 24 | 16.3% | 6.4% | ||
| Q2 24 | 14.2% | 6.7% | ||
| Q1 24 | 15.7% | 6.6% |
净利率OTEXPSN
| Q4 25 | 12.7% | 3.5% | ||
| Q3 25 | 11.4% | 4.0% | ||
| Q2 25 | 2.2% | 3.5% | ||
| Q1 25 | 7.4% | 4.3% | ||
| Q4 24 | 17.2% | 11.6% | ||
| Q3 24 | 6.6% | 4.0% | ||
| Q2 24 | 18.2% | 4.1% | ||
| Q1 24 | 6.8% | -7.0% |
每股收益（稀释后）OTEXPSN
| Q4 25 | $0.66 | $0.51 | ||
| Q3 25 | $0.58 | $0.59 | ||
| Q2 25 | $0.11 | $0.50 | ||
| Q1 25 | $0.35 | $0.60 | ||
| Q4 24 | $0.87 | $1.85 | ||
| Q3 24 | $0.32 | $0.65 | ||
| Q2 24 | $0.91 | $0.63 | ||
| Q1 24 | $0.36 | $-1.01 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.3B | $466.4M |
| 总债务越低越好 | $6.4B | $1.2B |
| 股东权益账面价值 | $4.0B | $2.6B |
| 总资产 | $13.6B | $5.8B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资OTEXPSN
| Q4 25 | $1.3B | $466.4M | ||
| Q3 25 | $1.1B | $422.6M | ||
| Q2 25 | $1.2B | $411.3M | ||
| Q1 25 | $1.3B | $269.7M | ||
| Q4 24 | $1.1B | $453.5M | ||
| Q3 24 | $1.0B | $558.8M | ||
| Q2 24 | $1.3B | $528.5M | ||
| Q1 24 | $1.1B | $423.1M |
总债务OTEXPSN
| Q4 25 | $6.4B | $1.2B | ||
| Q3 25 | $6.4B | $1.2B | ||
| Q2 25 | $6.4B | $1.2B | ||
| Q1 25 | $6.4B | $785.2M | ||
| Q4 24 | $6.4B | $784.1M | ||
| Q3 24 | $6.4B | $1.1B | ||
| Q2 24 | $6.4B | $1.2B | ||
| Q1 24 | $8.4B | $1.2B |
股东权益OTEXPSN
| Q4 25 | $4.0B | $2.6B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $3.9B | $2.5B | ||
| Q1 25 | $4.1B | $2.5B | ||
| Q4 24 | $4.2B | $2.4B | ||
| Q3 24 | $4.1B | $2.3B | ||
| Q2 24 | $4.2B | $2.2B | ||
| Q1 24 | $4.1B | $2.1B |
总资产OTEXPSN
| Q4 25 | $13.6B | $5.8B | ||
| Q3 25 | $13.5B | $5.7B | ||
| Q2 25 | $13.8B | $5.7B | ||
| Q1 25 | $13.8B | $5.4B | ||
| Q4 24 | $13.7B | $5.5B | ||
| Q3 24 | $13.8B | $5.4B | ||
| Q2 24 | $14.2B | $5.2B | ||
| Q1 24 | $16.4B | $5.1B |
负债/权益比OTEXPSN
| Q4 25 | 1.58× | 0.47× | ||
| Q3 25 | 1.61× | 0.48× | ||
| Q2 25 | 1.62× | 0.49× | ||
| Q1 25 | 1.55× | 0.32× | ||
| Q4 24 | 1.51× | 0.32× | ||
| Q3 24 | 1.55× | 0.49× | ||
| Q2 24 | 1.52× | 0.56× | ||
| Q1 24 | 2.02× | 0.58× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $318.7M | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $279.4M | $135.6M |
| 自由现金流率自由现金流/营收 | 21.1% | 8.5% |
| 资本支出强度资本支出/营收 | 3.0% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.90× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $878.5M | $410.4M |
8季度趋势，按日历期对齐
经营现金流OTEXPSN
| Q4 25 | $318.7M | $167.5M | ||
| Q3 25 | $147.8M | $162.8M | ||
| Q2 25 | $158.2M | $159.8M | ||
| Q1 25 | $402.2M | $-11.8M | ||
| Q4 24 | $348.0M | $126.8M | ||
| Q3 24 | $-77.8M | $299.0M | ||
| Q2 24 | $185.2M | $161.2M | ||
| Q1 24 | $384.7M | $-63.4M |
自由现金流OTEXPSN
| Q4 25 | $279.4M | $135.6M | ||
| Q3 25 | $101.2M | $149.7M | ||
| Q2 25 | $124.0M | $150.4M | ||
| Q1 25 | $373.8M | $-25.3M | ||
| Q4 24 | $306.7M | $108.0M | ||
| Q3 24 | $-117.1M | $287.3M | ||
| Q2 24 | $145.2M | $152.0M | ||
| Q1 24 | $348.2M | $-72.9M |
自由现金流率OTEXPSN
| Q4 25 | 21.1% | 8.5% | ||
| Q3 25 | 7.9% | 9.2% | ||
| Q2 25 | 9.5% | 9.5% | ||
| Q1 25 | 29.8% | -1.6% | ||
| Q4 24 | 23.0% | 6.2% | ||
| Q3 24 | -9.2% | 15.9% | ||
| Q2 24 | 10.7% | 9.1% | ||
| Q1 24 | 24.1% | -4.7% |
资本支出强度OTEXPSN
| Q4 25 | 3.0% | 2.0% | ||
| Q3 25 | 3.6% | 0.8% | ||
| Q2 25 | 2.6% | 0.6% | ||
| Q1 25 | 2.3% | 0.9% | ||
| Q4 24 | 3.1% | 1.1% | ||
| Q3 24 | 3.1% | 0.6% | ||
| Q2 24 | 2.9% | 0.6% | ||
| Q1 24 | 2.5% | 0.6% |
现金转化率OTEXPSN
| Q4 25 | 1.90× | 3.01× | ||
| Q3 25 | 1.01× | 2.54× | ||
| Q2 25 | 5.49× | 2.89× | ||
| Q1 25 | 4.33× | -0.18× | ||
| Q4 24 | 1.51× | 0.63× | ||
| Q3 24 | -0.92× | 4.16× | ||
| Q2 24 | 0.75× | 2.33× | ||
| Q1 24 | 3.91× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
