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OPEN TEXT CORP（OTEX）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是OPEN TEXT CORP的1.1倍（$1.5B vs $1.3B），OPEN TEXT CORP净利率更高（12.7% vs -3.1%，领先15.8%），OPEN TEXT CORP同比增速更快（-0.6% vs -11.9%），OPEN TEXT CORP自由现金流更多（$279.4M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
OTEX vs RXO — 直观对比
营收规模更大
RXO
是对方的1.1倍
$1.3B
营收增速更快
OTEX
高出11.3%
-11.9%
净利率更高
OTEX
高出15.8%
-3.1%
自由现金流更多
OTEX
多$288.4M
$-9.0M
两年增速更快
RXO
近两年复合增速
-4.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.5B |
| 净利润 | $168.1M | $-46.0M |
| 毛利率 | 74.0% | — |
| 营业利润率 | 22.0% | -2.9% |
| 净利率 | 12.7% | -3.1% |
| 营收同比 | -0.6% | -11.9% |
| 净利润同比 | -26.9% | -84.0% |
| 每股收益（稀释后） | $0.66 | $-0.28 |
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OTEXRXO
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.4B | $930.0M | ||
| Q1 24 | $1.4B | $913.0M |
净利润OTEXRXO
| Q4 25 | $168.1M | $-46.0M | ||
| Q3 25 | $146.6M | $-14.0M | ||
| Q2 25 | $28.8M | $-9.0M | ||
| Q1 25 | $92.8M | $-31.0M | ||
| Q4 24 | $229.9M | $-25.0M | ||
| Q3 24 | $84.4M | $-243.0M | ||
| Q2 24 | $248.2M | $-7.0M | ||
| Q1 24 | $98.3M | $-15.0M |
毛利率OTEXRXO
| 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OTEXRXO
| Q4 25 | 22.0% | -2.9% | ||
| Q3 25 | 21.0% | -0.5% | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | 16.7% | -2.1% | ||
| Q4 24 | 22.2% | -1.4% | ||
| Q3 24 | 16.3% | -1.9% | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | 15.7% | -1.3% |
净利率OTEXRXO
| Q4 25 | 12.7% | -3.1% | ||
| Q3 25 | 11.4% | -1.0% | ||
| Q2 25 | 2.2% | -0.6% | ||
| Q1 25 | 7.4% | -2.2% | ||
| Q4 24 | 17.2% | -1.5% | ||
| Q3 24 | 6.6% | -23.4% | ||
| Q2 24 | 18.2% | -0.8% | ||
| Q1 24 | 6.8% | -1.6% |
每股收益（稀释后）OTEXRXO
| Q4 25 | $0.66 | $-0.28 | ||
| Q3 25 | $0.58 | $-0.08 | ||
| Q2 25 | $0.11 | $-0.05 | ||
| Q1 25 | $0.35 | $-0.18 | ||
| Q4 24 | $0.87 | $-0.17 | ||
| Q3 24 | $0.32 | $-1.81 | ||
| Q2 24 | $0.91 | $-0.06 | ||
| Q1 24 | $0.36 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $6.4B | $387.0M |
| 股东权益账面价值 | $4.0B | $1.5B |
| 总资产 | $13.6B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资OTEXRXO
| Q4 25 | $1.3B | $17.0M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $1.2B | $18.0M | ||
| Q1 25 | $1.3B | $16.0M | ||
| Q4 24 | $1.1B | $35.0M | ||
| Q3 24 | $1.0B | $55.0M | ||
| Q2 24 | $1.3B | $7.0M | ||
| Q1 24 | $1.1B | $7.0M |
总债务OTEXRXO
| Q4 25 | $6.4B | $387.0M | ||
| Q3 25 | $6.4B | $387.0M | ||
| Q2 25 | $6.4B | $387.0M | ||
| Q1 25 | $6.4B | $387.0M | ||
| Q4 24 | $6.4B | $351.0M | ||
| Q3 24 | $6.4B | $352.0M | ||
| Q2 24 | $6.4B | $370.0M | ||
| Q1 24 | $8.4B | $351.0M |
股东权益OTEXRXO
| Q4 25 | $4.0B | $1.5B | ||
| Q3 25 | $4.0B | $1.6B | ||
| Q2 25 | $3.9B | $1.6B | ||
| Q1 25 | $4.1B | $1.6B | ||
| Q4 24 | $4.2B | $1.6B | ||
| Q3 24 | $4.1B | $1.7B | ||
| Q2 24 | $4.2B | $579.0M | ||
| Q1 24 | $4.1B | $582.0M |
总资产OTEXRXO
| Q4 25 | $13.6B | $3.3B | ||
| Q3 25 | $13.5B | $3.2B | ||
| Q2 25 | $13.8B | $3.2B | ||
| Q1 25 | $13.8B | $3.3B | ||
| Q4 24 | $13.7B | $3.4B | ||
| Q3 24 | $13.8B | $3.4B | ||
| Q2 24 | $14.2B | $1.8B | ||
| Q1 24 | $16.4B | $1.8B |
负债/权益比OTEXRXO
| Q4 25 | 1.58× | 0.25× | ||
| Q3 25 | 1.61× | 0.24× | ||
| Q2 25 | 1.62× | 0.24× | ||
| Q1 25 | 1.55× | 0.24× | ||
| Q4 24 | 1.51× | 0.22× | ||
| Q3 24 | 1.55× | 0.21× | ||
| Q2 24 | 1.52× | 0.64× | ||
| Q1 24 | 2.02× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $279.4M | $-9.0M |
| 自由现金流率自由现金流/营收 | 21.1% | -0.6% |
| 资本支出强度资本支出/营收 | 3.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.90× | — |
| 过去12个月自由现金流最近4个季度 | $878.5M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流OTEXRXO
| Q4 25 | $318.7M | $7.0M | ||
| Q3 25 | $147.8M | $23.0M | ||
| Q2 25 | $158.2M | $23.0M | ||
| Q1 25 | $402.2M | $-2.0M | ||
| Q4 24 | $348.0M | $-7.0M | ||
| Q3 24 | $-77.8M | $-7.0M | ||
| Q2 24 | $185.2M | $-5.0M | ||
| Q1 24 | $384.7M | $7.0M |
自由现金流OTEXRXO
| Q4 25 | $279.4M | $-9.0M | ||
| Q3 25 | $101.2M | $9.0M | ||
| Q2 25 | $124.0M | $9.0M | ||
| Q1 25 | $373.8M | $-17.0M | ||
| Q4 24 | $306.7M | $-19.0M | ||
| Q3 24 | $-117.1M | $-18.0M | ||
| Q2 24 | $145.2M | $-16.0M | ||
| Q1 24 | $348.2M | $-4.0M |
自由现金流率OTEXRXO
| Q4 25 | 21.1% | -0.6% | ||
| Q3 25 | 7.9% | 0.6% | ||
| Q2 25 | 9.5% | 0.6% | ||
| Q1 25 | 29.8% | -1.2% | ||
| Q4 24 | 23.0% | -1.1% | ||
| Q3 24 | -9.2% | -1.7% | ||
| Q2 24 | 10.7% | -1.7% | ||
| Q1 24 | 24.1% | -0.4% |
资本支出强度OTEXRXO
| Q4 25 | 3.0% | 1.1% | ||
| Q3 25 | 3.6% | 1.0% | ||
| Q2 25 | 2.6% | 1.0% | ||
| Q1 25 | 2.3% | 1.0% | ||
| Q4 24 | 3.1% | 0.7% | ||
| Q3 24 | 3.1% | 1.1% | ||
| Q2 24 | 2.9% | 1.2% | ||
| Q1 24 | 2.5% | 1.2% |
现金转化率OTEXRXO
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 5.49× | — | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | -0.92× | — | ||
| Q2 24 | 0.75× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
