OTEX Financials Open Text Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 10.7% per year over the past 5 years.
Net income has grown faster than revenue (13.2% vs 10.7% per year).
Operating margin has expanded, at 17.3% in the latest year.
Free cash flow has declined 4.9% per year over the past 5 years.

Financial health

Total debt ($6.4B) exceeds cash ($1.2B); net debt is $5.2B.
Total debt has grown in line with revenue (8.7% vs 10.7% per year).
Total debt is 7.1× EBITDA.

Shareholder returns

Dividends have been paid for 13 consecutive years, consuming 62.3% of earnings and 39.5% of free cash flow.
The dividend has grown 7.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$5.2B	$436M	72.3%	17.3%	$687M	$6.4B	$1.2B
2024	$5.8B	$465M	72.6%	15.4%	$808M	$6.4B	$1.3B
2023	$4.5B	$150M	70.6%	11.5%	$655M	$8.9B	$1.2B
2022	$3.5B	$397M	69.6%	18.5%	$889M	$4.2B	$1.7B
2021	$3.4B	$311M	69.4%	21.9%	$812M	$3.6B	$1.6B
2020	$3.1B	$234M	67.7%	16.2%	$882M	$4.2B	$1.7B
2019	$2.9B	$286M	67.6%	19.8%	$812M	$2.6B	$941M
2018	$2.8B	$242M	66.2%	18.0%	$603M	$2.6B	$683M
2017	$2.3B	$1.0B	66.8%	15.5%	$361M	$2.6B	$443M
2016	—	$284M	—	—	$456M	$2.1B	$1.3B
2015	—	$234M	—	—	$446M	$1.6B	$700M
2014	—	$218M	—	—	$375M	$1.3B	$428M
2013	—	$149M	—	—	$295M	$565M	$470M
2012	—	$125M	—	—	$241M	$596M	$560M
2011	—	$123M	—	—	$187M	$298M	$284M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$1.3B	$173M	73.1%	15.7%	$305M	$6.2B	$1.3B
Dec '25	$1.3B	$168M	74.0%	22.0%	$279M	$6.4B	$1.3B
Sep '25	$1.3B	$147M	72.8%	21.0%	$101M	$6.4B	$1.1B
Jun '25	$1.3B	$29M	72.3%	13.9%	$124M	$6.4B	$1.2B
Mar '25	$1.3B	$93M	71.6%	16.7%	$374M	$6.4B	$1.3B
Dec '24	$1.3B	$230M	73.3%	22.2%	$307M	$6.4B	$1.1B
Sep '24	$1.3B	$84M	71.7%	16.3%	-$117M	$6.4B	$1.0B
Jun '24	$1.4B	$248M	72.5%	14.2%	$145M	$6.4B	$1.3B
Mar '24	$1.4B	$98M	73.0%	15.7%	$348M	$8.4B	$1.1B
Dec '23	$1.5B	$38M	73.6%	16.5%	$305M	$8.5B	$1.0B
Sep '23	$1.4B	$81M	71.4%	14.9%	$10M	$8.7B	$920M
Jun '23	$1.5B	-$49M	71.4%	8.1%	$91M	$8.9B	$1.2B
Mar '23	$1.2B	$58M	70.3%	5.1%	$306M	$9.1B	$1.4B
Dec '22	$897M	$258M	70.8%	20.6%	$163M	$5.2B	$2.8B
Sep '22	$852M	-$117M	69.7%	17.2%	$96M	$4.2B	$1.7B
Jun '22	$902M	$102M	70.2%	15.2%	$214M	$4.2B	$1.7B
Mar '22	$882M	$75M	68.9%	14.9%	$306M	$4.2B	$1.6B
Dec '21	$877M	$88M	70.2%	22.0%	$206M	$4.2B	$1.5B
Sep '21	$832M	$132M	69.0%	21.9%	$163M	$3.6B	$1.7B
Jun '21	$894M	$181M	69.6%	19.2%	$269M	$3.6B	$1.6B

Valuation over time

How the market has priced OTEX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 23.6× (Mar '23) to 11.9× (Jun '26).
The price-to-sales ratio has fallen from 2.7× (Mar '23) to 1.0× (Jun '26).
The dividend yield has risen from 2.5% (Mar '23) to 5.2% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is OTEX growing its revenue and profit?

Over the past 5 years, Open Text Corp's revenue has grown 10.7% per year, and net income grown 13.2% per year. These are computed facts, not advice.

How much debt does OTEX have?

As of FY2025, Open Text Corp reported $6.4B of total debt against $1.2B of cash.

What is OTEX's profit margin?

In FY2025, gross margin was 72.3%, operating margin 17.3%, and net margin 8.4%.

What is OTEX's P/E ratio?

As of Jun '26, Open Text Corp traded at a price-to-earnings ratio of about 11.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.