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OPEN TEXT CORP（OTEX）与Sunrun Inc.（RUN）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Sunrun Inc.的1.1倍（$1.3B vs $1.2B），OPEN TEXT CORP净利率更高（12.7% vs 8.9%，领先3.7%），Sunrun Inc.同比增速更快（123.5% vs -0.6%），过去两年Sunrun Inc.的营收复合增速更高（59.0% 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。
Sunrun Inc.是美国知名的光伏系统及电池储能产品供应商，业务以服务住宅客户为主，2007年成立，总部位于加利福尼亚州旧金山，致力于为家庭用户提供高效的清洁能源解决方案。
OTEX vs RUN — 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
RUN
高出124.1%
-0.6%
净利率更高
OTEX
高出3.7%
8.9%
两年增速更快
RUN
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 | $103.6M |
| 毛利率 | 74.0% | — |
| 营业利润率 | 22.0% | 8.4% |
| 净利率 | 12.7% | 8.9% |
| 营收同比 | -0.6% | 123.5% |
| 净利润同比 | -26.9% | 103.7% |
| 每股收益（稀释后） | $0.66 | $0.38 |
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OTEXRUN
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $724.6M | ||
| Q2 25 | $1.3B | $569.3M | ||
| Q1 25 | $1.3B | $504.3M | ||
| Q4 24 | $1.3B | $518.5M | ||
| Q3 24 | $1.3B | $537.2M | ||
| Q2 24 | $1.4B | $523.9M | ||
| Q1 24 | $1.4B | $458.2M |
净利润OTEXRUN
| Q4 25 | $168.1M | $103.6M | ||
| Q3 25 | $146.6M | $16.6M | ||
| Q2 25 | $28.8M | $279.8M | ||
| Q1 25 | $92.8M | $50.0M | ||
| Q4 24 | $229.9M | $-2.8B | ||
| Q3 24 | $84.4M | $-83.8M | ||
| Q2 24 | $248.2M | $139.1M | ||
| Q1 24 | $98.3M | $-87.8M |
毛利率OTEXRUN
| 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OTEXRUN
| Q4 25 | 22.0% | 8.4% | ||
| Q3 25 | 21.0% | 0.5% | ||
| Q2 25 | 13.9% | -19.7% | ||
| Q1 25 | 16.7% | -22.8% | ||
| Q4 24 | 22.2% | -628.0% | ||
| Q3 24 | 16.3% | -23.8% | ||
| Q2 24 | 14.2% | -24.4% | ||
| Q1 24 | 15.7% | -40.0% |
净利率OTEXRUN
| Q4 25 | 12.7% | 8.9% | ||
| Q3 25 | 11.4% | 2.3% | ||
| Q2 25 | 2.2% | 49.1% | ||
| Q1 25 | 7.4% | 9.9% | ||
| Q4 24 | 17.2% | -542.7% | ||
| Q3 24 | 6.6% | -15.6% | ||
| Q2 24 | 18.2% | 26.5% | ||
| Q1 24 | 6.8% | -19.2% |
每股收益（稀释后）OTEXRUN
| Q4 25 | $0.66 | $0.38 | ||
| Q3 25 | $0.58 | $0.06 | ||
| Q2 25 | $0.11 | $1.07 | ||
| Q1 25 | $0.35 | $0.20 | ||
| Q4 24 | $0.87 | $-12.59 | ||
| Q3 24 | $0.32 | $-0.37 | ||
| Q2 24 | $0.91 | $0.55 | ||
| Q1 24 | $0.36 | $-0.40 |
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 | — |
| 总债务越低越好 | $6.4B | $14.7B |
| 股东权益账面价值 | $4.0B | $3.1B |
| 总资产 | $13.6B | $22.6B |
| 负债/权益比越低杠杆越低 | 1.58× | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资OTEXRUN
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.1B | — |
总债务OTEXRUN
| Q4 25 | $6.4B | $14.7B | ||
| Q3 25 | $6.4B | $14.6B | ||
| Q2 25 | $6.4B | $14.0B | ||
| Q1 25 | $6.4B | $13.6B | ||
| Q4 24 | $6.4B | $12.9B | ||
| Q3 24 | $6.4B | $12.5B | ||
| Q2 24 | $6.4B | $12.0B | ||
| Q1 24 | $8.4B | $11.1B |
股东权益OTEXRUN
| Q4 25 | $4.0B | $3.1B | ||
| Q3 25 | $4.0B | $3.0B | ||
| Q2 25 | $3.9B | $2.9B | ||
| Q1 25 | $4.1B | $2.6B | ||
| Q4 24 | $4.2B | $2.6B | ||
| Q3 24 | $4.1B | $5.3B | ||
| Q2 24 | $4.2B | $5.4B | ||
| Q1 24 | $4.1B | $5.2B |
总资产OTEXRUN
| Q4 25 | $13.6B | $22.6B | ||
| Q3 25 | $13.5B | $22.2B | ||
| Q2 25 | $13.8B | $21.2B | ||
| Q1 25 | $13.8B | $20.4B | ||
| Q4 24 | $13.7B | $19.9B | ||
| Q3 24 | $13.8B | $22.1B | ||
| Q2 24 | $14.2B | $21.4B | ||
| Q1 24 | $16.4B | $20.8B |
负债/权益比OTEXRUN
| Q4 25 | 1.58× | 4.69× | ||
| Q3 25 | 1.61× | 4.90× | ||
| Q2 25 | 1.62× | 4.80× | ||
| Q1 25 | 1.55× | 5.19× | ||
| Q4 24 | 1.51× | 5.05× | ||
| Q3 24 | 1.55× | 2.36× | ||
| Q2 24 | 1.52× | 2.23× | ||
| Q1 24 | 2.02× | 2.15× |
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 | $96.9M |
| 自由现金流经营现金流 - 资本支出 | $279.4M | — |
| 自由现金流率自由现金流/营收 | 21.1% | — |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | 1.90× | 0.94× |
| 过去12个月自由现金流最近4个季度 | $878.5M | — |
8季度趋势，按日历期对齐
经营现金流OTEXRUN
| Q4 25 | $318.7M | $96.9M | ||
| Q3 25 | $147.8M | $-121.5M | ||
| Q2 25 | $158.2M | $-292.7M | ||
| Q1 25 | $402.2M | $-104.2M | ||
| Q4 24 | $348.0M | $-258.4M | ||
| Q3 24 | $-77.8M | $-156.2M | ||
| Q2 24 | $185.2M | $-208.5M | ||
| Q1 24 | $384.7M | $-143.1M |
自由现金流OTEXRUN
| Q4 25 | $279.4M | — | ||
| Q3 25 | $101.2M | — | ||
| Q2 25 | $124.0M | — | ||
| Q1 25 | $373.8M | — | ||
| Q4 24 | $306.7M | — | ||
| Q3 24 | $-117.1M | $-156.4M | ||
| Q2 24 | $145.2M | — | ||
| Q1 24 | $348.2M | — |
自由现金流率OTEXRUN
| Q4 25 | 21.1% | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 29.8% | — | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | -9.2% | -29.1% | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 24.1% | — |
资本支出强度OTEXRUN
| Q4 25 | 3.0% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 3.1% | 0.0% | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 2.5% | — |
现金转化率OTEXRUN
| Q4 25 | 1.90× | 0.94× | ||
| Q3 25 | 1.01× | -7.33× | ||
| Q2 25 | 5.49× | -1.05× | ||
| Q1 25 | 4.33× | -2.08× | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | -0.92× | — | ||
| Q2 24 | 0.75× | -1.50× | ||
| 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% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
