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OPEN TEXT CORP（OTEX）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是利氏兄弟拍卖行的1.1倍（$1.3B vs $1.2B），OPEN TEXT CORP净利率更高（12.7% vs 9.1%，领先3.6%），利氏兄弟拍卖行同比增速更快（5.4% vs -0.6%），OPEN TEXT CORP自由现金流更多（$279.4M vs $186.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% 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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
OTEX vs RBA — 直观对比
营收规模更大
OTEX
是对方的1.1倍
$1.2B
营收增速更快
RBA
高出6.0%
-0.6%
净利率更高
OTEX
高出3.6%
9.1%
自由现金流更多
OTEX
多$92.9M
$186.5M
两年增速更快
RBA
近两年复合增速
-4.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $168.1M | $109.7M |
| 毛利率 | 74.0% | — |
| 营业利润率 | 22.0% | 14.7% |
| 净利率 | 12.7% | 9.1% |
| 营收同比 | -0.6% | 5.4% |
| 净利润同比 | -26.9% | -7.4% |
| 每股收益（稀释后） | $0.66 | $0.53 |
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OTEXRBA
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $981.8M | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
净利润OTEXRBA
| Q4 25 | $168.1M | $109.7M | ||
| Q3 25 | $146.6M | $95.5M | ||
| Q2 25 | $28.8M | $109.8M | ||
| Q1 25 | $92.8M | $113.4M | ||
| Q4 24 | $229.9M | $118.5M | ||
| Q3 24 | $84.4M | $76.1M | ||
| Q2 24 | $248.2M | $111.1M | ||
| Q1 24 | $98.3M | $107.4M |
毛利率OTEXRBA
| 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% | — |
营业利润率OTEXRBA
| Q4 25 | 22.0% | 14.7% | ||
| Q3 25 | 21.0% | 14.5% | ||
| Q2 25 | 13.9% | 15.9% | ||
| Q1 25 | 16.7% | 17.1% | ||
| Q4 24 | 22.2% | 18.1% | ||
| Q3 24 | 16.3% | 15.6% | ||
| Q2 24 | 14.2% | 18.4% | ||
| Q1 24 | 15.7% | 18.7% |
净利率OTEXRBA
| Q4 25 | 12.7% | 9.1% | ||
| Q3 25 | 11.4% | 8.7% | ||
| Q2 25 | 2.2% | 9.3% | ||
| Q1 25 | 7.4% | 10.2% | ||
| Q4 24 | 17.2% | 10.4% | ||
| Q3 24 | 6.6% | 7.8% | ||
| Q2 24 | 18.2% | 10.1% | ||
| Q1 24 | 6.8% | 10.1% |
每股收益（稀释后）OTEXRBA
| Q4 25 | $0.66 | $0.53 | ||
| Q3 25 | $0.58 | $0.43 | ||
| Q2 25 | $0.11 | $0.53 | ||
| Q1 25 | $0.35 | $0.55 | ||
| Q4 24 | $0.87 | $0.58 | ||
| Q3 24 | $0.32 | $0.36 | ||
| Q2 24 | $0.91 | $0.54 | ||
| Q1 24 | $0.36 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | $6.4B | $2.3B |
| 股东权益账面价值 | $4.0B | $5.6B |
| 总资产 | $13.6B | $12.1B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资OTEXRBA
| Q4 25 | $1.3B | $531.5M | ||
| Q3 25 | $1.1B | $674.7M | ||
| Q2 25 | $1.2B | $710.2M | ||
| Q1 25 | $1.3B | $578.1M | ||
| Q4 24 | $1.1B | $533.9M | ||
| Q3 24 | $1.0B | $650.7M | ||
| Q2 24 | $1.3B | $599.5M | ||
| Q1 24 | $1.1B | $462.8M |
总债务OTEXRBA
| Q4 25 | $6.4B | $2.3B | ||
| Q3 25 | $6.4B | $2.6B | ||
| Q2 25 | $6.4B | $2.6B | ||
| Q1 25 | $6.4B | $2.6B | ||
| Q4 24 | $6.4B | $2.6B | ||
| Q3 24 | $6.4B | $2.7B | ||
| Q2 24 | $6.4B | $2.8B | ||
| Q1 24 | $8.4B | $2.9B |
股东权益OTEXRBA
| Q4 25 | $4.0B | $5.6B | ||
| Q3 25 | $4.0B | $5.5B | ||
| Q2 25 | $3.9B | $5.5B | ||
| Q1 25 | $4.1B | $5.3B | ||
| Q4 24 | $4.2B | $5.2B | ||
| Q3 24 | $4.1B | $5.2B | ||
| Q2 24 | $4.2B | $5.2B | ||
| Q1 24 | $4.1B | $5.1B |
总资产OTEXRBA
| Q4 25 | $13.6B | $12.1B | ||
| Q3 25 | $13.5B | $12.2B | ||
| Q2 25 | $13.8B | $12.2B | ||
| Q1 25 | $13.8B | $11.9B | ||
| Q4 24 | $13.7B | $11.8B | ||
| Q3 24 | $13.8B | $11.9B | ||
| Q2 24 | $14.2B | $12.1B | ||
| Q1 24 | $16.4B | $12.0B |
负债/权益比OTEXRBA
| Q4 25 | 1.58× | 0.42× | ||
| Q3 25 | 1.61× | 0.47× | ||
| Q2 25 | 1.62× | 0.47× | ||
| Q1 25 | 1.55× | 0.50× | ||
| Q4 24 | 1.51× | 0.50× | ||
| Q3 24 | 1.55× | 0.52× | ||
| Q2 24 | 1.52× | 0.55× | ||
| 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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $279.4M | $186.5M |
| 自由现金流率自由现金流/营收 | 21.1% | 15.5% |
| 资本支出强度资本支出/营收 | 3.0% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.90× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $878.5M | $719.2M |
8季度趋势，按日历期对齐
经营现金流OTEXRBA
| Q4 25 | $318.7M | $255.2M | ||
| Q3 25 | $147.8M | $239.7M | ||
| Q2 25 | $158.2M | $326.5M | ||
| Q1 25 | $402.2M | $156.8M | ||
| Q4 24 | $348.0M | $184.5M | ||
| Q3 24 | $-77.8M | $285.4M | ||
| Q2 24 | $185.2M | $337.3M | ||
| Q1 24 | $384.7M | $124.8M |
自由现金流OTEXRBA
| Q4 25 | $279.4M | $186.5M | ||
| Q3 25 | $101.2M | $188.5M | ||
| Q2 25 | $124.0M | $241.7M | ||
| Q1 25 | $373.8M | $102.5M | ||
| Q4 24 | $306.7M | $127.9M | ||
| Q3 24 | $-117.1M | $248.5M | ||
| Q2 24 | $145.2M | $308.6M | ||
| Q1 24 | $348.2M | $79.6M |
自由现金流率OTEXRBA
| Q4 25 | 21.1% | 15.5% | ||
| Q3 25 | 7.9% | 17.3% | ||
| Q2 25 | 9.5% | 20.4% | ||
| Q1 25 | 29.8% | 9.2% | ||
| Q4 24 | 23.0% | 11.2% | ||
| Q3 24 | -9.2% | 25.3% | ||
| Q2 24 | 10.7% | 28.2% | ||
| Q1 24 | 24.1% | 7.5% |
资本支出强度OTEXRBA
| Q4 25 | 3.0% | 5.7% | ||
| Q3 25 | 3.6% | 4.7% | ||
| Q2 25 | 2.6% | 7.2% | ||
| Q1 25 | 2.3% | 4.9% | ||
| Q4 24 | 3.1% | 5.0% | ||
| Q3 24 | 3.1% | 3.8% | ||
| Q2 24 | 2.9% | 2.6% | ||
| Q1 24 | 2.5% | 4.2% |
现金转化率OTEXRBA
| Q4 25 | 1.90× | 2.33× | ||
| Q3 25 | 1.01× | 2.51× | ||
| Q2 25 | 5.49× | 2.97× | ||
| Q1 25 | 4.33× | 1.38× | ||
| Q4 24 | 1.51× | 1.56× | ||
| Q3 24 | -0.92× | 3.75× | ||
| Q2 24 | 0.75× | 3.04× | ||
| Q1 24 | 3.91× | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
