Skip to content
stoqly

OpenText

OTEX Nasdaq Application Software Financials FY2017–FY2026

OpenText's revenue rose 1.5% to $5.2 billion in fiscal 2026. Its operating margin was 20.6%, up from 17.3% a year earlier. Free cash flow was $808 million, up 17.5%. It paid out $685 million in dividends and buybacks, 85% of free cash flow. The diluted share count fell 5.4%.

Last close · Oct 23, 2026

$27.95

0.0%
Value it Compare
Revenue Total sales reported in the income statement.
$5.2B
1.5% vs prior year
Operating margin Operating income as a share of revenue.
20.6%
3.4 pts
Net income Profit after all expenses, interest and tax.
$643M
47.5%
Free cash flow Cash from operations minus capital spending.
$808M
17.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
9.0%
0.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$7.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
—

What OpenText does

No business description yet.

Legal name
OPEN TEXT CORP
Fiscal year ends
June 30, 2026
Latest annual report
—
Accession · CIK
0001002638-26-000068
0001002638

Revenue and margins

OpenText had $5.2B of revenue in fiscal 2026, up 1.5% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew −4.8% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $808M in fiscal 2026, 15.4% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

OpenText returned $685M to shareholders in fiscal 2026, 85% of free cash flow. The diluted share count fell 5.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value OpenText yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$4.8B and divides by 249.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 10.8x · peers 73.8x · sector 33.5x.

Balance sheet

Cash, debt and the ratios that show how comfortably OpenText can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $1.7B$1.2B$1.3B$1.2B$956M
Debt incl. finance leases $4.2B$8.9B$6.4B$6.4B$5.8B
Net debt / EBITDA 2.7x8.1x3.5x3.9x3.2x
Debt / equity 1.1x2.2x1.5x1.6x1.4x
Interest coverage 4.2x1.4x1.7x2.5x3.4x
Current ratio 1.6x0.7x0.8x0.8x0.8x
Quick ratio 1.6x0.7x0.8x0.8x0.8x
Total assets $10.2B$17.1B$14.2B$13.8B$13.1B
Total liabilities $6.1B$13.1B$10.0B$9.8B$9.1B
Shareholders' equity $4.0B$4.0B$4.2B$3.9B$4.0B
Net debt (− = net cash) $2.5B$7.7B$5.1B$5.2B$4.8B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✕ ✓ ✓
Gross margin rose ✓ ✕ ✓
Revenue rose relative to assets ✕ ✓ ✓
F-score 7 / 96 / 99 / 9
Accruals ratio −3.2%−2.8%−2.7%
Altman Z'' 1.111.051.27

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
OpenText OTEX $7.0B 1.5% 20.6% 15.4% 9.0% — 9
Cadence Design Systems CDNS $86.6B 14.1% 28.2% 30.0% 23.7% 73.8x 5 Compare →
Zoom Communications ZM $28.7B 4.4% 23.1% 39.5% 56.2% 8.9x 6 Compare →
Snowflake SNOW $113.7B 29.2% −30.6% 23.9% — — 6 Compare →
Palantir PLTR $505.4B 56.2% 31.6% 46.9% — 169.6x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $2.3B $2.8B $2.9B $3.1B $3.4B $3.5B $4.5B $5.8B $5.2B $5.2B
Gross profit $1.5B $1.9B $1.9B $2.1B $2.4B $2.4B $3.2B $4.2B $3.7B $3.9B
Research and development $281M $323M $322M $370M $421M $440M $659M $865M $756M $648M
Operating income $355M $507M $567M $504M $741M $645M $516M $887M $893M $1.1B
Interest expense $115M $133M $139M $147M $148M $153M $360M $534M $352M $322M
Pretax income $250M $386M $441M $345M $651M $516M $221M $729M $482M $859M
Income tax −$776M $144M $155M $111M $340M $119M $70.8M $264M $46.0M $216M
Net income $1.0B $242M $286M $234M $311M $397M $150M $465M $436M $643M
Diluted EPS $4.01 $0.91 $1.06 $0.86 $1.14 $1.46 $0.56 $1.71 $1.65 $2.58
Diluted shares 0.26B 0.27B 0.27B 0.27B 0.27B 0.27B 0.27B 0.27B 0.26B 0.25B
Cash flow
Cash from operations $440M $708M $876M $955M $876M $982M $779M $968M $831M $1.0B
Capital expenditure $79.6M $105M $63.8M $72.7M $63.7M $93.1M $124M $159M $143M $199M
Free cash flow $361M $603M $812M $882M $812M $889M $655M $808M $687M $808M
Depreciation and amortization $346M $457M $471M $309M $302M $305M $434M $564M $453M $433M
Stock-based compensation $30.5M $27.6M $26.8M $29.5M $52.0M $69.6M $130M $140M $105M $80.6M
Acquisitions $0.0M $0.0M $0.0M $1.3B $0.0M $0.0M $5.7B $9.3M $0.0M $0.0M
Share buybacks $8.2M $0.0M $26.5M $0.0M $119M $177M $0.0M $150M $413M $416M
Dividends paid $121M $146M $169M $189M $211M $238M $260M $267M $272M $268M
Dividends and buybacks $129M $146M $195M $189M $330M $415M $260M $417M $685M $685M
Balance sheet
Cash and short-term investments $443M $683M $941M $1.7B $1.6B $1.7B $1.2B $1.3B $1.2B $956M
Total debt $2.6B $2.6B $2.6B $4.2B $3.6B $4.2B $8.9B $6.4B $6.4B $5.8B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $10.8M $5.5M $2.3M $0.5M
Current assets $1.0B $1.3B $1.6B $2.4B $2.2B $2.3B $2.3B $2.3B $2.2B $2.1B
Current liabilities $1.1B $995M $1.0B $1.9B $1.4B $1.5B $3.2B $2.8B $2.7B $2.6B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $227M $264M $250M $245M $234M $245M $357M $368M $375M $522M
Total assets $7.5B $7.8B $7.9B $10.2B $9.6B $10.2B $17.1B $14.2B $13.8B $13.1B
Total liabilities $3.9B $4.0B $4.0B $6.2B $5.5B $6.1B $13.1B $10.0B $9.8B $9.1B
Shareholders' equity $3.5B $3.7B $3.9B $4.0B $4.1B $4.0B $4.0B $4.2B $3.9B $4.0B
Margins
Gross margin 66.8% 66.2% 67.6% 67.7% 69.5% 69.6% 70.6% 72.6% 72.3% 73.7%
Operating margin 15.5% 18.0% 19.8% 16.2% 21.9% 18.5% 11.5% 15.4% 17.3% 20.6%
EBITDA margin 30.6% 34.2% 36.2% 26.1% 30.8% 27.2% 21.2% 25.2% 26.0% 28.9%
Net margin 44.8% 8.6% 10.0% 7.5% 9.2% 11.4% 3.4% 8.1% 8.4% 12.3%
FCF margin 15.8% 21.4% 28.3% 28.4% 24.0% 25.4% 14.6% 14.0% 13.3% 15.4%
Returns
Return on capital 8.4% 5.6% 6.6% 5.7% 5.9% 7.9% 3.9% 5.4% 8.7% 9.0%
Return on capital employed 6.6% 7.7% 8.3% 6.6% 8.9% 7.6% 4.6% 7.0% 8.0% 10.1%
Return on equity 37.2% 6.7% 7.5% 5.9% 7.7% 9.8% 3.7% 11.3% 10.7% 16.2%
Return on assets 16.2% 3.2% 3.6% 2.6% 3.1% 4.0% 1.1% 3.0% 3.1% 4.8%
Growth
Revenue growth 25.6% 22.9% 1.9% 8.4% 8.9% 3.2% 28.4% 28.6% −10.4% 1.5%
Net income growth 260.5% −76.4% 17.9% −18.0% 32.6% 27.8% −62.1% 209.3% −6.3% 47.5%
EPS growth 242.7% −77.3% 16.5% −18.9% 32.6% 28.1% −61.6% 205.4% −3.5% 56.4%
FCF growth −20.8% 67.1% 34.8% 8.5% −7.9% 9.4% −26.3% 23.4% −15.0% 17.5%
Share count change 4.8% 4.6% 0.9% 0.7% 0.6% −0.6% −0.5% 0.8% −3.3% −5.4%
Financial health
Net debt / EBITDA 3.0x 2.0x 1.6x 3.1x 1.9x 2.7x 8.1x 3.5x 3.9x 3.2x
Debt / equity 0.7x 0.7x 0.7x 1.1x 0.9x 1.1x 2.2x 1.5x 1.6x 1.4x
Interest coverage 3.1x 3.8x 4.1x 3.4x 5.0x 4.2x 1.4x 1.7x 2.5x 3.4x
Current ratio 0.9x 1.3x 1.5x 1.3x 1.6x 1.6x 0.7x 0.8x 0.8x 0.8x
Quick ratio 0.9x 1.3x 1.5x 1.3x 1.6x 1.6x 0.7x 0.8x 0.8x 0.8x
Capital allocation
Capex / revenue 3.5% 3.7% 2.2% 2.3% 1.9% 2.7% 2.8% 2.8% 2.8% 3.8%
Stock comp / revenue 1.3% 1.0% 0.9% 1.0% 1.5% 2.0% 2.9% 2.4% 2.0% 1.5%
Payouts / FCF 35.7% 24.2% 24.1% 21.4% 40.6% 46.7% 39.6% 51.6% 99.6% 84.8%
Quality scores
Piotroski F-score 5.0 5.0 7.0 5.0 7.0 7.0 6.0 7.0 6.0 9.0
Altman Z'' 2.0 2.5 2.8 2.0 2.6 2.3 0.6 1.1 1.1 1.3
Accruals ratio 9.3% −6.1% −7.5% −7.9% −5.7% −5.9% −4.6% −3.2% −2.8% −2.7%

Source: SEC EDGAR XBRL filings (CIK 0001002638). Data updated October 12, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open