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OPEN TEXT CORP

OTEX· Nasdaq· Services-Computer Integrated Systems Design

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
15.4%
ROIC, 5 yr avg
6.9%
Revenue, 5 yr CAGR
+9.2%
We record prices for the companies we cover; OTEX is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2026

Market cap
–
Enterprise value
–
Diluted shares
249.4M
Revenue
$5.2B
Free cash flow
$807.5M
Owner earnings
$726.9M

Valuation · FY2026

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2026

Gross
73.7%
Operating
20.6%
Net
12.3%
Free cash flow
15.4%
Owner earnings
13.9%
Stock pay
1.5%

Returns

ROIC, FY2026
9.2%
ROIC, 5 yr avg
6.9%
ROE, FY2026
16.0%
ROE, 5 yr avg
10.4%

Growth (CAGR)

Revenue, 3 yr
5.4%
Revenue, 5 yr
9.2%
Revenue, 9 yr
9.6%
Diluted EPS, 3 yr
66.4%
Diluted EPS, 5 yr
17.7%
Diluted EPS, 9 yr
-4.8%
Free cash flow, 3 yr
7.2%
Free cash flow, 5 yr
-0.1%
Free cash flow, 9 yr
9.4%

Financial health · FY2026

Cash and investments
$956.0M
Total debt
$5.8B
Net debt
$4.8B
Debt/Equity
1.4x
Debt/FCF
7.1x

Shareholder returns · FY2026

Dividend yield
–
Payout ratio
41.7%
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
-1.8%

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$5.2B

+9.6% a year over 9 years

FY2017: Revenue $2.3BFY2018: Revenue $2.8BFY2019: Revenue $2.9BFY2020: Revenue $3.1BFY2021: Revenue $3.4BFY2022: Revenue $3.5BFY2023: Revenue $4.5BFY2024: Revenue $5.8BFY2025: Revenue $5.2BFY2026: Revenue $5.2B
FY2017FY2026

Margins

Gross73.7%Operating20.6%Net12.3%

FY2026

FY2017: Gross 66.8%, Operating 15.5%, Net 44.8%FY2018: Gross 66.2%, Operating 18.0%, Net 8.6%FY2019: Gross 67.6%, Operating 19.8%, Net 10.0%FY2020: Gross 67.7%, Operating 16.2%, Net 7.5%FY2021: Gross 69.4%, Operating 21.9%, Net 9.2%FY2022: Gross 69.6%, Operating 18.5%, Net 11.4%FY2023: Gross 70.6%, Operating 11.5%, Net 3.4%FY2024: Gross 72.6%, Operating 15.4%, Net 8.1%FY2025: Gross 72.3%, Operating 17.3%, Net 8.4%FY2026: Gross 73.7%, Operating 20.6%, Net 12.3%
FY2017FY2026

Free cash flow and owner earnings

Free cash flow$807.5MOwner earnings$726.9M

Free cash flow +9.4% a year

FY2017: Free cash flow $360.8M, Owner earnings $330.3MFY2018: Free cash flow $602.8M, Owner earnings $575.2MFY2019: Free cash flow $812.4M, Owner earnings $785.7MFY2020: Free cash flow $881.8M, Owner earnings $852.3MFY2021: Free cash flow $812.4M, Owner earnings $760.5MFY2022: Free cash flow $888.7M, Owner earnings $819.1MFY2023: Free cash flow $655.4M, Owner earnings $525.1MFY2024: Free cash flow $808.4M, Owner earnings $668.3MFY2025: Free cash flow $687.4M, Owner earnings $582.6MFY2026: Free cash flow $807.5M, Owner earnings $726.9M
FY2017FY2026

Diluted shares

249.4M

-2.5% over 9 years, net buybacks

FY2017: Diluted shares 255.8MFY2018: Diluted shares 267.5MFY2019: Diluted shares 269.9MFY2020: Diluted shares 271.8MFY2021: Diluted shares 273.5MFY2022: Diluted shares 271.9MFY2023: Diluted shares 270.5MFY2024: Diluted shares 272.6MFY2025: Diluted shares 263.6MFY2026: Diluted shares 249.4M
FY2017FY2026

Return on invested capital

9.2%

FY2026

FY2017: ROIC –FY2018: ROIC 5.6%FY2019: ROIC 6.6%FY2020: ROIC 5.3%FY2021: ROIC 5.8%FY2022: ROIC 7.6%FY2023: ROIC 3.0%FY2024: ROIC 6.1%FY2025: ROIC 8.8%FY2026: ROIC 9.2%
FY2017FY2026

Net debt (below zero)

-$4.8B

$4.8B more debt than cash

FY2017: Net cash -$2.1BFY2018: Net cash -$1.9BFY2019: Net cash -$1.7BFY2020: Net cash -$2.5BFY2021: Net cash -$2.0BFY2022: Net cash -$2.5BFY2023: Net cash -$7.7BFY2024: Net cash -$5.1BFY2025: Net cash -$5.2BFY2026: Net cash -$4.8B
FY2017FY2026

Every figure, year by year

Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
The business
Revenue$2.3B$2.8B$2.9B$3.1B$3.4B$3.5B$4.5B$5.8B$5.2B$5.2B
Revenue growth25.6%22.9%1.9%8.4%8.9%3.2%28.4%28.6%-10.4%1.5%
Gross margin66.8%66.2%67.6%67.7%69.4%69.6%70.6%72.6%72.3%73.7%
Operating margin15.5%18.0%19.8%16.2%21.9%18.5%11.5%15.4%17.3%20.6%
Net income$1.0B$242.2M$285.5M$234.2M$310.7M$397.1M$150.4M$465.1M$435.9M$643.0M
Net margin44.8%8.6%10.0%7.5%9.2%11.4%3.4%8.1%8.4%12.3%
Diluted EPS$4.01$0.91$1.06$0.86$1.14$1.46$0.56$1.71$1.65$2.58
Return on invested capital?–5.6%6.6%5.3%5.8%7.6%3.0%6.1%8.8%9.2%
Cash
Operating cash flow$440.4M$708.1M$876.3M$954.5M$876.1M$981.8M$779.2M$967.7M$830.6M$1.0B
Capital expenditure$79.6M$105.3M$63.8M$72.7M$63.7M$93.1M$123.8M$159.3M$143.2M$199.3M
Free cash flow$360.8M$602.8M$812.4M$881.8M$812.4M$888.7M$655.4M$808.4M$687.4M$807.5M
Stock-based compensation$30.5M$27.6M$26.8M$29.5M$52.0M$69.6M$130.3M$140.1M$104.8M$80.6M
Owner earnings?$330.3M$575.2M$785.7M$852.3M$760.5M$819.1M$525.1M$668.3M$582.6M$726.9M
Free cash flow per share$1.41$2.25$3.01$3.24$2.97$3.27$2.42$2.97$2.61$3.24
Capital allocation
Dividends paid$120.6M$145.6M$168.9M$188.7M$210.7M$237.7M$259.5M$267.4M$271.5M$268.4M
Share repurchases$8.2M$0$26.5M$0$119.1M$177.0M$0$150.0M$413.3M$416.4M
Diluted shares255.8M267.5M269.9M271.8M273.5M271.9M270.5M272.6M263.6M249.4M
Share count change?4.8%4.6%0.9%0.7%0.6%-0.6%-0.5%0.8%-3.3%-5.4%
Balance sheet
Cash and equivalents$443.4M$682.9M$941.0M$1.7B$1.6B$1.7B$1.2B$1.3B$1.2B$956.0M
Short-term investments$0–––––––––
Total debt$2.6B$2.6B$2.6B$4.2B$3.6B$4.2B$8.9B$6.4B$6.4B$5.8B
Net debt$2.1B$1.9B$1.7B$2.5B$2.0B$2.5B$7.7B$5.1B$5.2B$4.8B
Shareholders' equity$3.5B$3.7B$3.9B$4.0B$4.1B$4.0B$4.0B$4.2B$3.9B$4.0B

Latest filings

All on EDGAR
2026-08-0610-KAnnual report
2026-08-068-KEarnings release
2026-05-0710-QQuarterly report
2026-05-078-KEarnings release
2026-04-108-KEarnings release
2026-02-0510-QQuarterly report
2026-02-058-KEarnings release
2025-11-0510-QQuarterly report
2025-11-058-KEarnings release
2025-08-0710-KAnnual report

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