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OPEN TEXT CORP（OTEX）与TWILIO INC（TWLO）财务数据对比。点击上方公司名可切换其他公司
TWILIO INC的季度营收约是OPEN TEXT CORP的1.0倍（$1.4B vs $1.3B），OPEN TEXT CORP净利率更高（12.7% vs -3.4%，领先16.0%），TWILIO INC同比增速更快（14.3% vs -0.6%），过去两年TWILIO INC的营收复合增速更高（14.2% 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。
Twilio是总部位于美国加利福尼亚州旧金山的云通信企业，提供可编程通信工具，用户可通过其网页服务API实现拨打接听电话、收发短信等多种通信功能，方便企业灵活搭建适配自身需求的通信解决方案，降低相关技术的自研投入。
OTEX vs TWLO — 直观对比
营收规模更大
TWLO
是对方的1.0倍
$1.3B
营收增速更快
TWLO
高出14.9%
-0.6%
净利率更高
OTEX
高出16.0%
-3.4%
两年增速更快
TWLO
近两年复合增速
-4.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $168.1M | $-45.9M |
| 毛利率 | 74.0% | 48.5% |
| 营业利润率 | 22.0% | 4.2% |
| 净利率 | 12.7% | -3.4% |
| 营收同比 | -0.6% | 14.3% |
| 净利润同比 | -26.9% | -267.7% |
| 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OTEXTWLO
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.4B | $1.0B |
净利润OTEXTWLO
| Q4 25 | $168.1M | $-45.9M | ||
| Q3 25 | $146.6M | $37.2M | ||
| Q2 25 | $28.8M | $22.4M | ||
| Q1 25 | $92.8M | $20.0M | ||
| Q4 24 | $229.9M | $-12.5M | ||
| Q3 24 | $84.4M | $-9.7M | ||
| Q2 24 | $248.2M | $-31.9M | ||
| Q1 24 | $98.3M | $-55.3M |
毛利率OTEXTWLO
| Q4 25 | 74.0% | 48.5% | ||
| Q3 25 | 72.8% | 48.6% | ||
| Q2 25 | 72.3% | 49.1% | ||
| Q1 25 | 71.6% | 49.6% | ||
| Q4 24 | 73.3% | 50.2% | ||
| Q3 24 | 71.7% | 51.0% | ||
| Q2 24 | 72.5% | 51.3% | ||
| Q1 24 | 73.0% | 52.0% |
营业利润率OTEXTWLO
| Q4 25 | 22.0% | 4.2% | ||
| Q3 25 | 21.0% | 3.1% | ||
| Q2 25 | 13.9% | 3.0% | ||
| Q1 25 | 16.7% | 2.0% | ||
| Q4 24 | 22.2% | 1.1% | ||
| Q3 24 | 16.3% | -0.4% | ||
| Q2 24 | 14.2% | -1.8% | ||
| Q1 24 | 15.7% | -4.2% |
净利率OTEXTWLO
| Q4 25 | 12.7% | -3.4% | ||
| Q3 25 | 11.4% | 2.9% | ||
| Q2 25 | 2.2% | 1.8% | ||
| Q1 25 | 7.4% | 1.7% | ||
| Q4 24 | 17.2% | -1.0% | ||
| Q3 24 | 6.6% | -0.9% | ||
| Q2 24 | 18.2% | -2.9% | ||
| Q1 24 | 6.8% | -5.3% |
每股收益（稀释后）OTEXTWLO
| Q4 25 | $0.66 | $-0.28 | ||
| Q3 25 | $0.58 | $0.23 | ||
| Q2 25 | $0.11 | $0.14 | ||
| Q1 25 | $0.35 | $0.12 | ||
| Q4 24 | $0.87 | $-0.10 | ||
| Q3 24 | $0.32 | $-0.06 | ||
| Q2 24 | $0.91 | $-0.19 | ||
| Q1 24 | $0.36 | $-0.31 |
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 | $682.3M |
| 总债务越低越好 | $6.4B | $992.3M |
| 股东权益账面价值 | $4.0B | $7.8B |
| 总资产 | $13.6B | $9.8B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资OTEXTWLO
| Q4 25 | $1.3B | $682.3M | ||
| Q3 25 | $1.1B | $734.8M | ||
| Q2 25 | $1.2B | $969.2M | ||
| Q1 25 | $1.3B | $467.1M | ||
| Q4 24 | $1.1B | $421.3M | ||
| Q3 24 | $1.0B | $584.0M | ||
| Q2 24 | $1.3B | $755.1M | ||
| Q1 24 | $1.1B | $672.6M |
总债务OTEXTWLO
| Q4 25 | $6.4B | $992.3M | ||
| Q3 25 | $6.4B | $991.9M | ||
| Q2 25 | $6.4B | $991.4M | ||
| Q1 25 | $6.4B | $991.0M | ||
| Q4 24 | $6.4B | $990.6M | ||
| Q3 24 | $6.4B | $990.2M | ||
| Q2 24 | $6.4B | $989.8M | ||
| Q1 24 | $8.4B | $989.4M |
股东权益OTEXTWLO
| Q4 25 | $4.0B | $7.8B | ||
| Q3 25 | $4.0B | $7.9B | ||
| Q2 25 | $3.9B | $8.0B | ||
| Q1 25 | $4.1B | $8.0B | ||
| Q4 24 | $4.2B | $8.0B | ||
| Q3 24 | $4.1B | $8.2B | ||
| Q2 24 | $4.2B | $8.7B | ||
| Q1 24 | $4.1B | $9.4B |
总资产OTEXTWLO
| Q4 25 | $13.6B | $9.8B | ||
| Q3 25 | $13.5B | $9.7B | ||
| Q2 25 | $13.8B | $9.8B | ||
| Q1 25 | $13.8B | $9.8B | ||
| Q4 24 | $13.7B | $9.9B | ||
| Q3 24 | $13.8B | $10.0B | ||
| Q2 24 | $14.2B | $10.5B | ||
| Q1 24 | $16.4B | $11.3B |
负债/权益比OTEXTWLO
| Q4 25 | 1.58× | 0.13× | ||
| Q3 25 | 1.61× | 0.13× | ||
| Q2 25 | 1.62× | 0.12× | ||
| Q1 25 | 1.55× | 0.12× | ||
| Q4 24 | 1.51× | 0.12× | ||
| Q3 24 | 1.55× | 0.12× | ||
| Q2 24 | 1.52× | 0.11× | ||
| Q1 24 | 2.02× | 0.10× |
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 | $271.6M |
| 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× | — |
| 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OTEXTWLO
| Q4 25 | $318.7M | $271.6M | ||
| Q3 25 | $147.8M | $263.6M | ||
| Q2 25 | $158.2M | $277.1M | ||
| Q1 25 | $402.2M | $191.0M | ||
| Q4 24 | $348.0M | $108.4M | ||
| Q3 24 | $-77.8M | $204.3M | ||
| Q2 24 | $185.2M | $213.3M | ||
| Q1 24 | $384.7M | $190.1M |
自由现金流OTEXTWLO
| Q4 25 | $279.4M | — | ||
| Q3 25 | $101.2M | — | ||
| Q2 25 | $124.0M | — | ||
| Q1 25 | $373.8M | — | ||
| Q4 24 | $306.7M | — | ||
| Q3 24 | $-117.1M | — | ||
| Q2 24 | $145.2M | — | ||
| Q1 24 | $348.2M | — |
自由现金流率OTEXTWLO
| Q4 25 | 21.1% | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 29.8% | — | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | -9.2% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 24.1% | — |
资本支出强度OTEXTWLO
| Q4 25 | 3.0% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 2.5% | — |
现金转化率OTEXTWLO
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.01× | 7.08× | ||
| Q2 25 | 5.49× | 12.36× | ||
| Q1 25 | 4.33× | 9.54× | ||
| 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% |
TWLO
| US | $879.8M | 64% |
| Non Us | $486.1M | 36% |
