OpenText
OTEX · Application Software
$27.95
0.0%Snowflake
SNOW · Application Software
$325.43
3.7%The short version
- OpenText is the larger business, with $5.2B of revenue in fiscal 2026 against $4.7B for Snowflake.
- Snowflake grew revenue faster (29.2%, against 1.5%).
- OpenText kept more of each dollar of sales as operating profit (20.6% operating margin, against −30.6% operating margin).
- Snowflake turned more of its sales into free cash flow (23.9% FCF margin, against 15.4% FCF margin).
| Latest fiscal year | OTEX · FY26 | SNOW · FY26 |
|---|---|---|
| Size | ||
| Market cap | $7.0B | $113.7B |
| Revenue | $5.2B | $4.7B |
| Free cash flow | $808M | $1.1B |
| Net income | $643M | −$1.3B |
| Growth | ||
| Revenue growth | 1.5% | 29.2% |
| 5-year growth | 9.2% | 51.2% |
| Share count change | −5.4% | 1.4% |
| Profitability | ||
| Gross margin | 73.7% | 67.2% |
| Operating margin | 20.6% | −30.6% |
| Net margin | 12.3% | −28.4% |
| FCF margin | 15.4% | 23.9% |
| Return on capital | 9.0% | — |
| Return on equity | 16.2% | −54.1% |
| Balance sheet | ||
| Net debt | $4.8B | −$1.7B |
| Net debt / EBITDA | 3.2x | — |
| Dividends and buybacks | $685M | $874M |
| Valuation & quality | ||
| P/E | 10.8x | — |
| Piotroski F-score | 9 | 6 |
FY17
OTEX $2.3B
SNOW —
FY18
OTEX $2.8B
SNOW —
FY19
OTEX $2.9B
SNOW $96.7M
FY20
OTEX $3.1B
SNOW $265M
FY21
OTEX $3.4B
SNOW $592M
FY22
OTEX $3.5B
SNOW $1.2B
FY23
OTEX $4.5B
SNOW $2.1B
FY24
OTEX $5.8B
SNOW $2.8B
FY25
OTEX $5.2B
SNOW $3.6B
FY26
OTEX $5.2B
SNOW $4.7B
OTEX
SNOW
FY17
OTEX 15.5%
SNOW —
FY18
OTEX 18.0%
SNOW —
FY19
OTEX 19.8%
SNOW −191.9%
FY20
OTEX 16.2%
SNOW −135.3%
FY21
OTEX 21.9%
SNOW −91.9%
FY22
OTEX 18.5%
SNOW −58.6%
FY23
OTEX 11.5%
SNOW −40.8%
FY24
OTEX 15.4%
SNOW −39.0%
FY25
OTEX 17.3%
SNOW −40.2%
FY26
OTEX 20.6%
SNOW −30.6%
OTEX
SNOW
FY17
OTEX $361M
SNOW —
FY18
OTEX $603M
SNOW —
FY19
OTEX $812M
SNOW −$146M
FY20
OTEX $882M
SNOW −$195M
FY21
OTEX $812M
SNOW −$80.5M
FY22
OTEX $889M
SNOW $94.0M
FY23
OTEX $655M
SNOW $521M
FY24
OTEX $808M
SNOW $813M
FY25
OTEX $687M
SNOW $913M
FY26
OTEX $808M
SNOW $1.1B
OTEX
SNOW
FY17
OTEX 8.4%
SNOW —
FY18
OTEX 5.6%
SNOW —
FY19
OTEX 6.6%
SNOW —
FY20
OTEX 5.7%
SNOW —
FY21
OTEX 5.9%
SNOW —
FY22
OTEX 7.9%
SNOW —
FY23
OTEX 3.9%
SNOW —
FY24
OTEX 5.4%
SNOW —
FY25
OTEX 8.7%
SNOW −115.9%
FY26
OTEX 9.0%
SNOW —
OTEX
SNOW
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.