Open Text (OTEX) Financials

$25.51 -0.06 (-0.23%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$25.52 +0.01 (+0.04%)

As of 04/17/2025 04:42 PM Eastern

Annual Income Statements for Open Text

This table shows Open Text's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	234	284	1,026	242	286	234	311	397	150	465
Consolidated Net Income / (Loss)	234	284	1,026	242	286	234	311	397	151	465
Net Income / (Loss) Continuing Operations	234	284	1,026	3,971	286	234	311	397	151	465
Total Pre-Tax Income	266	291	250	386	441	345	651	516	221	729
Total Operating Income	349	369	355	507	567	504	741	645	516	887
Total Gross Profit	1,254	1,250	1,530	3,728	1,938	2,106	2,352	2,432	3,168	4,191
Total Revenue	1,852	1,824	2,291	5,630	2,869	3,110	3,386	3,494	4,485	5,770
Operating Revenue	1,852	1,824	2,291	5,630	2,869	3,110	3,386	3,494	4,485	5,770
Total Cost of Revenue	598	574	762	1,902	931	1,004	1,034	1,062	1,317	1,579
Operating Cost of Revenue	598	574	762	1,902	931	1,004	1,034	1,062	1,317	1,579
Total Operating Expenses	905	882	1,175	-507	1,371	1,602	1,611	1,787	2,652	3,304
Selling, General & Admin Expense	163	140	170	205	208	238	264	317	420	577
Marketing Expense	374	344	444	529	518	585	622	677	949	1,134
Research & Development Expense	196	194	281	323	322	370	421	440	681	894
Depreciation Expense	51	55	64	87	98	89	85	88	108	132
Amortization Expense	108	113	151	184	190	220	217	217	326	432
Restructuring Charge	13	35	64	29	36	100	1.75	47	169	135
Total Other Income / (Expense), net	-83	-78	-105	-121	-126	-158	-90	-129	-295	-158
Interest & Investment Income	-	-	-	-	-	-	-	-158	-329	-516
Other Income / (Expense), net	-28	-1.42	16	18	10	-12	61	29	34	358
Income Tax Expense	32	6.28	-776	144	155	111	340	119	71	264
Net Income / (Loss) Attributable to Noncontrolling Interest	0.08	0.02	0.26	0.08	0.00	0.14	0.19	0.17	0.19	0.19
Basic Earnings per Share	$0.96	$1.17	$4.04	$0.91	$1.06	$0.86	$1.14	$1.46	$0.56	$1.71
Weighted Average Basic Shares Outstanding	244.18M	242.93M	253.88M	266.09M	268.78M	270.85M	272.53M	271.27M	270.30M	271.55M
Diluted Earnings per Share	$0.95	$1.17	$4.01	$0.91	$1.06	$0.86	$1.14	$1.46	$0.56	$1.71
Weighted Average Diluted Shares Outstanding	245.91M	244.08M	255.81M	267.49M	269.91M	271.82M	273.48M	271.91M	270.45M	272.59M
Weighted Average Basic & Diluted Shares Outstanding	122M	243.10M	253.90M	266.20M	269.30M	271.88M	271.75M	269.82M	271.19M	268.19M
Cash Dividends to Common per Share	$0.36	$0.42	$0.48	$0.55	$0.63	$0.70	$0.78	$0.88	$0.97	$1.00

This table shows Open Text's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	102	-117	258	58	-49	81	38	98	248	84	230
Consolidated Net Income / (Loss)	102	-117	259	58	-49	81	38	98	248	84	230
Net Income / (Loss) Continuing Operations	102	-117	259	58	-49	81	38	98	248	84	230
Total Pre-Tax Income	97	-83	309	45	-50	91	46	104	488	86	281
Total Operating Income	138	146	185	64	121	213	254	227	193	206	296
Total Gross Profit	634	594	636	875	1,064	1,018	1,129	1,056	988	910	978
Total Revenue	902	852	897	1,245	1,491	1,425	1,535	1,447	1,362	1,269	1,335
Operating Revenue	902	852	897	1,245	1,491	1,425	1,535	1,447	1,362	1,269	1,335
Total Cost of Revenue	269	258	262	370	427	407	406	391	374	359	357
Operating Cost of Revenue	269	258	262	370	427	407	406	391	374	359	357
Total Operating Expenses	496	447	451	811	943	806	875	829	794	704	682
Selling, General & Admin Expense	86	78	78	127	137	131	173	146	127	107	99
Marketing Expense	186	167	177	271	333	280	288	296	285	246	274
Research & Development Expense	119	110	110	211	250	226	213	234	205	191	181
Depreciation Expense	23	23	23	31	31	34	33	32	32	32	32
Amortization Expense	56	54	53	97	121	120	114	101	97	82	81
Restructuring Charge	26	14	10	74	70	14	54	20	48	47	15
Total Other Income / (Expense), net	-40	-230	125	-19	-171	-122	-208	-123	295	-120	-15
Interest & Investment Income	-	-	-	-	-	-142	-139	-	-	-84	-84
Other Income / (Expense), net	-0.02	-189	163	86	-25	20	-69	9.95	397	-36	69
Income Tax Expense	-5.01	34	51	-12	-1.21	10	8.05	6.03	240	1.88	51
Net Income / (Loss) Attributable to Noncontrolling Interest	0.04	0.04	0.04	0.06	0.05	0.05	0.06	0.04	0.05	0.05	0.04
Basic Earnings per Share	$0.38	($0.43)	$0.96	$0.21	($0.18)	$0.30	$0.14	$0.36	$0.91	$0.32	$0.87
Weighted Average Basic Shares Outstanding	271.27M	269.80M	270.19M	270.44M	270.30M	271.18M	271.57M	272.27M	271.55M	267.40M	265.10M
Diluted Earnings per Share	$0.38	($0.43)	$0.96	$0.21	($0.18)	$0.30	$0.14	$0.36	$0.91	$0.32	$0.87
Weighted Average Diluted Shares Outstanding	271.91M	269.80M	270.19M	270.65M	270.45M	271.90M	272.14M	273.03M	272.59M	267.82M	265.19M
Weighted Average Basic & Diluted Shares Outstanding	269.82M	270.24M	270.46M	270.75M	271.19M	271.51M	272.04M	272.87M	268.19M	265.88M	264.00M
Cash Dividends to Common per Share	$0.22	$0.24	$0.24	$0.24	$0.24	$0.25	$0.25	$0.25	$0.25	$0.26	$0.26

This table details how cash moves in and out of Open Text's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	272	584	-841	240	263	754	-87	86	-462	49
Net Cash From Operating Activities	523	526	440	708	876	955	876	982	779	968
Net Cash From Continuing Operating Activities	523	526	440	708	876	954	876	982	779	968
Net Income / (Loss) Continuing Operations	234	284	1,026	242	286	234	311	397	151	465
Consolidated Net Income / (Loss)	234	284	1,026	242	286	234	311	397	151	465
Depreciation Expense	240	242	346	457	471	515	521	504	657	808
Amortization Expense	15	15	11	8.89	4.33	4.63	4.55	5.42	17	25
Non-Cash Adjustments To Reconcile Net Income	26	31	30	27	-10	51	-41	25	238	-275
Changes in Operating Assets and Liabilities, net	7.04	-47	-972	-27	126	150	81	50	-283	-55
Net Cash From Investing Activities	-398	-361	-2,191	-444	-465	-1,469	-69	-971	-5,651	2,055
Net Cash From Continuing Investing Activities	-398	-361	-2,191	-444	-465	-1,469	-69	-971	-5,651	2,055
Purchase of Property, Plant & Equipment	-77	-70	-80	-105	-135	-73	-64	-93	-124	-159
Acquisitions	0.00	0.00	-2,115	-321	-2.28	-1,383	-0.97	-856	-5,658	-9.27
Divestitures	-	-	-	-	-	-	-	0.00	0.00	2,229
Sale and/or Maturity of Investments	17	11	9.21	-	-	-	-	0.00	131	4.46
Other Investing Activities, net	-328	-293	-5.94	-18	-328	-14	-4.12	-22	-0.87	-9.76
Net Cash From Financing Activities	171	430	910	-24	-148	1,269	-925	138	4,403	-2,962
Net Cash From Continuing Financing Activities	171	430	910	-24	-148	1,269	-925	138	4,403	-2,977
Repayment of Debt	-549	-15	-65	-1,154	-10	-1,747	-610	-902	-282	-2,574
Repurchase of Common Equity	-10	-76	-28	0.00	0.00	0.00	-119	-177	0.00	-150
Payment of Dividends	-88	-99	-121	-146	-169	-189	-211	-238	-260	-267
Issuance of Debt	800	600	482	1,200	0.00	3,150	0.00	1,500	4,927	0.00
Issuance of Common Equity	15	20	640	76	58	67	80	67	39	67
Other Financing Activities, net	1.68	0.23	1.53	-	-26	-12	-65	-112	-22	-53
Effect of Exchange Rate Changes	-23	-11	-	-	-	-	30	-63	7.20	-12

This table details how cash moves in and out of Open Text's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	60	10	1,117	-1,423	-166	-312	83	122	155	-280	122
Net Cash From Operating Activities	252	132	195	337	115	47	351	385	185	-78	348
Net Cash From Continuing Operating Activities	252	132	195	337	115	47	351	385	185	-59	319
Net Income / (Loss) Continuing Operations	102	-117	259	58	-49	81	38	98	248	84	230
Consolidated Net Income / (Loss)	102	-117	259	58	-49	81	38	98	248	84	230
Depreciation Expense	125	120	117	190	229	231	218	181	178	161	160
Amortization Expense	1.49	1.48	1.69	5.33	8.26	5.50	7.33	6.77	5.67	5.30	5.50
Non-Cash Adjustments To Reconcile Net Income	34	206	-141	139	33	15	74	13	-377	18	-17
Changes in Operating Assets and Liabilities, net	-11	-79	-42	-56	-107	-285	14	85	131	-327	-60
Net Cash From Investing Activities	-38	-36	-33	-5,556	-26	-50	-46	-28	2,180	-36	-47
Net Cash From Continuing Investing Activities	-38	-36	-33	-5,556	-26	-50	-46	-28	2,180	-36	-47
Purchase of Property, Plant & Equipment	-38	-36	-32	-31	-24	-38	-45	-37	-40	-39	-41
Other Investing Activities, net	-18	0.00	-0.87	-	-	-5.55	-1.23	6.32	-9.29	0.36	5.54
Net Cash From Financing Activities	-128	-57	927	3,793	-259	-297	-236	-227	-2,202	-185	-150
Net Cash From Continuing Financing Activities	-128	-57	927	3,793	-259	-297	-236	-227	-2,217	-185	-150
Repayment of Debt	-2.50	-2.50	-14	-79	-186	-188	-187	-188	-2,010	-8.96	-10
Repurchase of Common Equity	-41	-	-	-	-	0.00	-	-	-	-87	-66
Payment of Dividends	-59	-65	-65	-65	-65	-67	-66	-67	-67	-69	-68
Issuance of Common Equity	11	10	5.74	9.40	14	11	18	28	9.89	9.45	8.29
Other Financing Activities, net	-36	0.00	-	-	-22	-53	-	-	-	-29	-14

This table presents Open Text's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	4,353	5,154	7,481	7,765	7,934	10,235	9,609	10,179	17,089	14,206
Total Current Assets	1,070	1,672	1,003	1,328	1,561	2,386	2,202	2,285	2,275	2,277
Cash & Equivalents	700	1,284	443	683	941	1,693	1,607	1,694	1,232	1,281
Accounts Receivable	284	286	446	488	464	466	439	427	683	626
Prepaid Expenses	53	59	82	101	97	136	99	121	222	243
Current Deferred & Refundable Income Taxes	21	32	33	56	38	61	32	18	68	61
Other Current Assets	-	-	-	0.00	21	30	25	26	71	66
Plant, Property, & Equipment, net	160	184	227	264	249	245	234	245	357	368
Total Noncurrent Assets	3,123	3,298	6,250	6,173	6,123	7,604	7,174	7,649	14,457	11,561
Goodwill	2,162	2,326	3,417	3,580	3,770	4,672	4,692	5,245	8,663	7,488
Intangible Assets	679	646	1,473	1,297	1,147	1,613	1,187	1,075	4,081	2,486
Noncurrent Deferred & Refundable Income Taxes	190	250	1,224	1,147	1,042	941	832	854	1,021	1,029
Other Noncurrent Operating Assets	92	76	136	149	164	378	463	475	693	557
Total Liabilities & Shareholders' Equity	4,353	5,154	7,481	7,765	7,934	10,235	9,609	10,179	17,089	14,206
Total Liabilities	2,524	3,175	3,947	4,048	4,049	6,228	5,510	6,147	13,067	10,006
Total Current Liabilities	624	671	1,127	995	1,015	1,904	1,362	1,468	3,220	2,800
Short-Term Debt	8.00	8.00	183	10	10	610	10	10	321	36
Accounts Payable	241	257	342	302	330	373	424	449	996	931
Current Deferred Revenue	358	374	570	644	642	812	853	902	1,722	1,521
Current Deferred & Payable Income Tax Liabilities	17	32	32	38	33	45	17	51	89	236
Other Current Liabilities	-	-	-	-	0.00	64	58	56	91	76
Total Noncurrent Liabilities	1,899	2,504	2,820	3,053	3,035	4,324	4,148	4,678	9,847	7,206
Long-Term Debt	1,549	2,138	2,387	2,611	2,605	3,584	3,579	4,210	8,562	6,357
Noncurrent Deferred Revenue	41	46	67	72	47	94	99	91	218	162
Noncurrent Deferred & Payable Income Tax Liabilities	217	228	257	252	258	320	142	100	618	294
Noncurrent Employee Benefit Liabilities	57	62	59	66	75	73	75	61	126	127
Other Noncurrent Operating Liabilities	35	30	50	53	49	252	253	217	324	265
Total Equity & Noncontrolling Interests	1,830	1,979	3,533	3,717	3,885	4,007	4,099	4,032	4,022	4,200
Total Preferred & Common Equity	1,829	1,979	3,532	3,716	3,883	4,005	4,098	4,031	4,021	4,198
Total Common Equity	1,829	1,979	3,532	3,716	3,883	4,005	4,098	4,031	4,021	4,198
Common Stock	934	965	1,613	1,707	1,774	1,852	1,948	2,039	2,177	2,272
Retained Earnings	863	993	1,898	1,994	2,114	2,159	2,153	2,160	2,049	2,119
Treasury Stock	-20	-25	-28	-19	-29	-24	-69	-160	-152	-123
Accumulated Other Comprehensive Income / (Loss)	52	46	49	34	24	18	66	-7.66	-54	-70
Noncontrolling Interest	0.52	0.54	0.96	1.04	1.22	1.32	1.51	1.14	1.33	1.52

This table presents Open Text's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Total Assets	10,163	10,077	11,218	17,428	16,554	16,443	16,393	13,779	13,732
Total Current Assets	2,232	2,244	3,459	2,433	1,945	4,084	4,192	1,980	2,085
Cash & Equivalents	1,634	1,704	2,821	1,397	920	1,003	1,125	1,000	1,122
Accounts Receivable	430	378	471	676	677	735	654	593	640
Prepaid Expenses	123	125	131	251	200	215	212	220	187
Current Deferred & Refundable Income Taxes	21	8.86	10	48	70	8.34	14	97	68
Other Current Assets	25	28	26	61	79	71	66	70	68
Plant, Property, & Equipment, net	228	251	251	341	362	353	346	365	356
Total Noncurrent Assets	7,702	7,582	7,509	14,654	14,247	12,007	11,854	11,434	11,291
Goodwill	5,265	5,227	5,250	8,749	8,619	7,604	7,528	7,503	7,483
Intangible Assets	1,181	975	884	4,222	3,888	2,773	2,624	2,358	2,229
Noncurrent Deferred & Refundable Income Taxes	761	861	858	979	1,091	1,020	1,115	1,009	1,032
Other Noncurrent Operating Assets	495	520	517	705	649	609	587	564	547
Total Liabilities & Shareholders' Equity	10,163	10,077	11,218	17,428	16,554	16,443	16,393	13,779	13,732
Total Liabilities	6,107	6,227	7,097	13,304	12,540	12,413	12,262	9,642	9,500
Total Current Liabilities	1,418	1,578	1,494	3,484	2,822	2,959	2,988	2,500	2,401
Short-Term Debt	10	10	10	496	146	46	46	36	36
Accounts Payable	405	601	459	911	836	949	899	863	773
Current Deferred Revenue	937	849	879	1,785	1,596	1,535	1,584	1,450	1,453
Current Deferred & Payable Income Tax Liabilities	7.48	59	88	198	153	119	151	75	65
Other Current Liabilities	59	59	58	94	90	87	81	75	75
Total Noncurrent Liabilities	4,689	4,649	5,602	9,820	9,718	9,454	9,274	7,143	7,099
Long-Term Debt	4,211	4,209	5,193	8,565	8,555	8,475	8,306	6,353	6,349
Noncurrent Deferred Revenue	91	86	85	240	197	170	171	162	160
Noncurrent Deferred & Payable Income Tax Liabilities	91	85	60	552	538	391	396	235	224
Noncurrent Employee Benefit Liabilities	76	53	57	112	126	129	129	134	127
Other Noncurrent Operating Liabilities	220	217	208	350	302	289	273	259	240
Total Equity & Noncontrolling Interests	4,056	3,850	4,121	4,123	4,014	4,030	4,131	4,137	4,232
Total Preferred & Common Equity	4,055	3,849	4,120	4,122	4,013	4,029	4,129	4,135	4,230
Total Common Equity	4,055	3,849	4,120	4,122	4,013	4,029	4,129	4,135	4,230
Common Stock	2,010	2,068	2,092	2,130	2,217	2,262	2,277	2,290	2,276
Retained Earnings	2,151	1,978	2,171	2,163	2,062	2,030	2,059	2,065	2,175
Treasury Stock	-124	-155	-142	-139	-196	-179	-134	-146	-144
Accumulated Other Comprehensive Income / (Loss)	17	-43	-1.03	-33	-70	-83	-73	-74	-76
Noncontrolling Interest	1.10	1.19	1.22	1.28	1.37	1.44	1.48	1.58	1.62

This table displays calculated financial ratios and metrics derived from Open Text's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.99%	-1.50%	25.59%	145.76%	-49.05%	8.40%	8.89%	3.18%	28.37%	28.64%
EBITDA Growth	14.01%	8.37%	16.57%	36.15%	6.25%	-3.94%	31.31%	-10.86%	3.52%	69.71%
EBIT Growth	5.32%	14.49%	0.90%	41.63%	10.01%	-14.83%	63.22%	-16.01%	-18.27%	126.14%
NOPAT Growth	29.64%	17.37%	304.38%	-78.20%	15.62%	-7.01%	3.53%	40.25%	-29.25%	61.14%
Net Income Growth	7.49%	21.37%	260.61%	-76.38%	17.89%	-17.95%	32.64%	27.79%	-62.10%	209.02%
EPS Growth	7.49%	21.37%	242.74%	-77.31%	16.48%	-18.87%	32.56%	28.07%	-61.64%	205.36%
Operating Cash Flow Growth	25.39%	0.51%	-16.24%	60.80%	23.75%	8.93%	-8.22%	12.06%	-20.64%	24.19%
Free Cash Flow Firm Growth	119.07%	25.59%	-762.73%	123.53%	43.67%	-231.01%	228.52%	-97.53%	-24,773.82%	161.45%
Invested Capital Growth	5.62%	5.74%	100.02%	-0.09%	-1.70%	17.08%	-6.56%	7.85%	78.00%	-20.23%
Revenue Q/Q Growth	-0.60%	0.06%	8.51%	106.66%	-49.59%	2.62%	2.02%	0.26%	15.10%	-2.18%
EBITDA Q/Q Growth	-2.91%	1.42%	9.52%	3.82%	1.88%	-3.52%	8.33%	-6.35%	6.00%	26.85%
EBIT Q/Q Growth	-7.40%	3.00%	7.40%	4.17%	3.73%	-11.23%	17.19%	-10.51%	-7.03%	65.82%
NOPAT Q/Q Growth	-3.17%	7.21%	-4.93%	10.37%	-0.28%	-11.13%	82.19%	-8.22%	-19.41%	-20.99%
Net Income Q/Q Growth	-7.64%	6.58%	-3.76%	6.90%	3.67%	-16.29%	99.37%	-16.61%	-50.06%	176.42%
EPS Q/Q Growth	-7.64%	6.58%	-0.99%	7.06%	3.92%	-17.31%	103.57%	-16.57%	-50.00%	175.81%
Operating Cash Flow Q/Q Growth	-0.59%	-2.36%	-3.41%	16.54%	3.02%	5.58%	1.85%	-4.31%	-14.92%	7.79%
Free Cash Flow Firm Q/Q Growth	21.98%	-56.77%	10.77%	59.87%	5.73%	8.91%	-1.01%	-56.75%	-1.17%	-3.67%
Invested Capital Q/Q Growth	-2.50%	8.74%	-0.24%	-1.82%	-2.30%	-3.46%	-1.07%	-1.27%	-0.97%	-1.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.69%	68.53%	66.76%	66.22%	67.56%	67.72%	69.45%	69.60%	70.64%	72.64%
EBITDA Margin	31.10%	34.21%	31.75%	17.59%	36.69%	32.51%	39.20%	33.87%	27.31%	36.03%
Operating Margin	18.83%	20.20%	15.48%	9.00%	19.77%	16.19%	21.88%	18.45%	11.51%	15.38%
EBIT Margin	17.32%	20.13%	16.17%	9.32%	20.12%	15.81%	23.69%	19.29%	12.28%	21.59%
Profit (Net Income) Margin	12.66%	15.60%	44.78%	4.30%	9.96%	7.54%	9.18%	11.37%	3.36%	8.06%
Tax Burden Percent	88.11%	97.84%	411.10%	62.75%	64.83%	67.89%	47.77%	76.99%	68.03%	63.80%
Interest Burden Percent	82.97%	79.20%	67.37%	73.59%	76.33%	70.22%	81.11%	76.57%	40.19%	58.56%
Effective Tax Rate	11.89%	2.16%	-311.10%	37.25%	35.17%	32.11%	52.23%	23.01%	31.97%	36.20%
Return on Invested Capital (ROIC)	11.80%	13.10%	34.35%	5.62%	6.56%	5.67%	5.62%	7.85%	3.85%	5.39%
ROIC Less NNEP Spread (ROIC-NNEP)	3.41%	4.13%	5.31%	1.90%	2.02%	0.52%	3.70%	3.46%	-0.09%	3.82%
Return on Net Nonoperating Assets (RNNOA)	1.71%	1.84%	2.87%	1.06%	0.96%	0.27%	2.05%	1.92%	-0.11%	5.92%
Return on Equity (ROE)	13.50%	14.94%	37.22%	6.68%	7.51%	5.94%	7.67%	9.77%	3.74%	11.32%
Cash Return on Invested Capital (CROIC)	6.33%	7.52%	-32.32%	5.71%	8.27%	-10.07%	12.41%	0.31%	-52.26%	27.90%
Operating Return on Assets (OROA)	7.77%	7.72%	5.86%	6.88%	7.35%	5.41%	8.09%	6.81%	4.04%	7.96%
Return on Assets (ROA)	5.68%	5.98%	16.24%	3.18%	3.64%	2.58%	3.13%	4.02%	1.10%	2.97%
Return on Common Equity (ROCE)	13.50%	14.93%	37.21%	6.68%	7.51%	5.94%	7.67%	9.77%	3.74%	11.31%
Return on Equity Simple (ROE_SIMPLE)	12.81%	14.38%	29.04%	6.52%	7.36%	5.85%	7.59%	9.85%	3.74%	11.08%
Net Operating Profit after Tax (NOPAT)	307	361	1,458	318	368	342	354	496	351	566
NOPAT Margin	16.59%	19.77%	63.65%	5.65%	12.81%	10.99%	10.45%	14.21%	7.83%	9.81%
Net Nonoperating Expense Percent (NNEP)	8.38%	8.97%	29.04%	3.72%	4.54%	5.15%	1.92%	4.40%	3.94%	1.58%
Cost of Revenue to Revenue	32.31%	31.47%	33.24%	33.78%	32.44%	32.28%	30.55%	30.40%	29.36%	27.36%
SG&A Expenses to Revenue	8.79%	7.70%	7.44%	3.64%	7.25%	7.64%	7.78%	9.08%	9.36%	10.00%
R&D to Revenue	10.61%	10.64%	12.27%	5.74%	11.22%	11.91%	12.45%	12.61%	15.17%	15.49%
Operating Expenses to Revenue	48.86%	48.33%	51.28%	-9.00%	47.79%	51.53%	47.57%	51.14%	59.13%	57.26%
Earnings before Interest and Taxes (EBIT)	321	367	370	525	577	492	802	674	551	1,245
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	576	624	727	990	1,052	1,011	1,327	1,183	1,225	2,079
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.27	3.10	2.04	2.23	2.56	2.63	3.14	2.40	2.72	1.95
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.25	3.36	3.15	1.47	3.47	3.38	3.80	2.77	2.44	1.42
Price to Earnings (P/E)	17.75	21.55	7.04	34.25	34.85	44.89	41.40	24.35	72.77	17.62
Dividend Yield	2.11%	1.64%	1.74%	1.77%	2.12%	1.80%	1.65%	2.47%	2.40%	3.33%
Earnings Yield	5.63%	4.64%	14.21%	2.92%	2.87%	2.23%	2.42%	4.11%	1.37%	5.67%
Enterprise Value to Invested Capital (EV/IC)	1.87	2.47	1.65	1.81	2.09	2.00	2.44	1.86	1.59	1.43
Enterprise Value to Revenue (EV/Rev)	2.70	3.83	4.08	1.82	4.05	4.19	4.38	3.49	4.15	2.31
Enterprise Value to EBITDA (EV/EBITDA)	8.69	11.19	12.85	10.33	11.05	12.88	11.18	10.31	15.18	6.40
Enterprise Value to EBIT (EV/EBIT)	15.61	19.01	25.23	19.51	20.14	26.48	18.50	18.10	33.76	10.69
Enterprise Value to NOPAT (EV/NOPAT)	16.30	19.36	6.41	32.19	31.62	38.08	41.94	24.57	52.95	23.52
Enterprise Value to Operating Cash Flow (EV/OCF)	9.57	13.28	21.22	14.45	13.27	13.64	16.94	12.42	23.86	13.76
Enterprise Value to Free Cash Flow (EV/FCFF)	30.37	33.72	0.00	31.69	25.06	0.00	19.01	631.75	0.00	4.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	1.08	0.73	0.71	0.67	1.05	0.88	1.05	2.21	1.52
Long-Term Debt to Equity	0.85	1.08	0.68	0.70	0.67	0.89	0.87	1.04	2.13	1.51
Financial Leverage	0.50	0.45	0.54	0.56	0.48	0.53	0.55	0.55	1.26	1.55
Leverage Ratio	2.38	2.50	2.29	2.10	2.07	2.30	2.45	2.43	3.39	3.81
Compound Leverage Factor	1.97	1.98	1.54	1.55	1.58	1.62	1.99	1.86	1.36	2.23
Debt to Total Capital	45.98%	52.02%	42.11%	41.35%	40.23%	51.14%	46.68%	51.13%	68.83%	60.35%
Short-Term Debt to Total Capital	0.24%	0.19%	2.99%	0.16%	0.15%	7.44%	0.13%	0.12%	2.49%	0.34%
Long-Term Debt to Total Capital	45.74%	51.83%	39.11%	41.19%	40.08%	43.71%	46.55%	51.01%	66.35%	60.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%
Common Equity to Total Capital	54.01%	47.97%	57.88%	58.64%	59.75%	48.84%	53.30%	48.85%	31.16%	39.63%
Debt to EBITDA	2.70	3.44	3.53	2.65	2.48	4.15	2.70	3.57	7.25	3.08
Net Debt to EBITDA	1.47	1.36	2.92	1.96	1.59	2.47	1.49	2.13	6.25	2.46
Long-Term Debt to EBITDA	2.69	3.43	3.28	2.64	2.48	3.55	2.70	3.56	6.99	3.06
Debt to NOPAT	5.07	5.95	1.76	8.24	7.11	12.27	10.14	8.50	25.29	11.30
Net Debt to NOPAT	2.75	2.36	1.46	6.09	4.55	7.32	5.60	5.09	21.79	9.03
Long-Term Debt to NOPAT	5.04	5.93	1.64	8.21	7.09	10.48	10.11	8.48	24.38	11.23
Altman Z-Score	2.06	2.25	1.90	2.59	2.53	1.83	2.45	1.90	0.97	1.35
Noncontrolling Interest Sharing Ratio	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.71	2.49	0.89	1.33	1.54	1.25	1.62	1.56	0.71	0.81
Quick Ratio	1.59	2.36	0.79	1.18	1.38	1.13	1.50	1.44	0.59	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	165	207	-1,372	323	464	-608	781	19	-4,764	2,928
Operating Cash Flow to CapEx	678.86%	750.93%	553.26%	672.33%	650.84%	1,312.82%	1,375.92%	1,054.47%	629.24%	607.48%
Free Cash Flow to Firm to Interest Expense	3.02	2.71	-11.35	2.33	3.40	-4.15	5.15	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	9.58	6.88	3.64	5.11	6.42	6.52	5.78	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	8.17	5.97	2.98	4.35	5.43	6.02	5.36	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.38	0.36	0.74	0.37	0.34	0.34	0.35	0.33	0.37
Accounts Receivable Turnover	6.42	6.40	6.26	12.06	6.03	6.69	7.48	8.08	8.09	8.82
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.24	10.60	11.15	22.91	11.17	12.59	14.16	14.61	14.91	15.92
Accounts Payable Turnover	2.53	2.30	2.54	5.90	2.95	2.85	2.60	2.44	1.82	1.64
Days Sales Outstanding (DSO)	56.87	57.03	58.29	30.27	60.55	54.59	48.77	45.19	45.13	41.40
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	144.35	158.60	143.68	61.82	123.94	127.85	140.59	149.86	200.28	222.83
Cash Conversion Cycle (CCC)	-87.48	-101.57	-85.39	-31.55	-63.39	-73.27	-91.82	-104.66	-155.15	-181.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,676	2,830	5,660	5,655	5,559	6,508	6,081	6,558	11,673	9,312
Invested Capital Turnover	0.71	0.66	0.54	1.00	0.51	0.52	0.54	0.55	0.49	0.55
Increase / (Decrease) in Invested Capital	142	154	2,830	-4.94	-96	950	-427	477	5,115	-2,362
Enterprise Value (EV)	5,007	6,981	9,345	10,234	11,624	13,018	14,845	12,198	18,595	13,311
Market Capitalization	4,160	6,130	7,218	8,295	9,949	10,515	12,862	9,671	10,943	8,197
Book Value per Share	$14.97	$16.31	$13.38	$13.89	$14.41	$14.75	$15.00	$14.90	$14.85	$15.39
Tangible Book Value per Share	($8.28)	($8.19)	($5.14)	($4.34)	($3.83)	($8.39)	($6.52)	($8.46)	($32.22)	($21.17)
Total Capital	3,387	4,125	6,103	6,338	6,500	8,201	7,688	8,252	12,905	10,592
Total Debt	1,557	2,146	2,570	2,621	2,615	4,194	3,589	4,220	8,883	6,393
Total Long-Term Debt	1,549	2,138	2,387	2,611	2,605	3,584	3,579	4,210	8,562	6,357
Net Debt	846	850	2,126	1,938	1,674	2,501	1,982	2,526	7,651	5,112
Capital Expenditures (CapEx)	77	70	80	105	135	73	64	93	124	159
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-258	-286	-384	-340	-384	-601	-757	-867	-1,855	-1,768
Debt-free Net Working Capital (DFNWC)	453	1,009	59	343	557	1,092	850	827	-624	-487
Net Working Capital (NWC)	445	1,001	-124	333	547	482	840	817	-944	-523
Net Nonoperating Expense (NNE)	73	76	432	76	82	107	43	99	201	101
Net Nonoperating Obligations (NNO)	846	850	2,126	1,938	1,674	2,501	1,982	2,526	7,651	5,112
Total Depreciation and Amortization (D&A)	255	257	357	466	475	519	525	509	674	833
Debt-free, Cash-free Net Working Capital to Revenue	-13.93%	-15.70%	-16.77%	-6.04%	-13.40%	-19.32%	-22.36%	-24.80%	-41.36%	-30.64%
Debt-free Net Working Capital to Revenue	24.47%	55.32%	2.58%	6.09%	19.40%	35.12%	25.11%	23.67%	-13.90%	-8.45%
Net Working Capital to Revenue	24.04%	54.89%	-5.39%	5.91%	19.05%	15.51%	24.81%	23.39%	-21.06%	-9.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.96	$1.17	$4.04	$0.91	$1.06	$0.86	$1.14	$1.46	$0.56	$1.71
Adjusted Weighted Average Basic Shares Outstanding	244.18M	242.93M	253.88M	266.09M	268.78M	270.85M	272.53M	271.27M	270.30M	271.55M
Adjusted Diluted Earnings per Share	$0.96	$1.17	$4.01	$0.91	$1.06	$0.86	$1.14	$1.46	$0.56	$1.71
Adjusted Weighted Average Diluted Shares Outstanding	245.91M	244.08M	255.81M	267.49M	269.91M	271.82M	273.48M	271.91M	270.45M	272.59M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.06	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	244.68M	242.89M	264.24M	267.85M	270.01M	271.88M	271.75M	269.82M	271.19M	268.19M
Normalized Net Operating Profit after Tax (NOPAT)	319	395	293	336	391	410	520	532	466	652
Normalized NOPAT Margin	17.20%	21.64%	12.78%	5.97%	13.62%	13.19%	15.35%	15.24%	10.40%	11.31%
Pre Tax Income Margin	14.37%	15.94%	10.89%	6.86%	15.36%	11.10%	19.22%	14.77%	4.94%	12.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.87	4.81	3.06	3.79	4.23	3.36	5.29	0.00	0.00	0.00
NOPAT to Interest Expense	5.63	4.72	12.06	2.30	2.69	2.34	2.34	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	4.46	3.89	2.41	3.03	3.24	2.86	4.87	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	4.21	3.81	11.40	1.53	1.71	1.84	1.92	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.38%	34.89%	11.77%	60.10%	59.32%	80.52%	67.77%	59.92%	172.38%	57.46%
Augmented Payout Ratio	41.70%	61.65%	14.48%	60.10%	59.32%	80.52%	106.08%	104.48%	172.38%	89.70%

This table displays calculated financial ratios and metrics derived from Open Text's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.00%	2.37%	2.35%	41.07%	65.20%	67.30%	71.03%	16.27%	-8.63%	-10.97%	-13.05%
EBITDA Growth	-23.27%	-76.81%	993.28%	22.24%	26.21%	495.64%	-12.07%	22.97%	131.86%	-28.29%	29.11%
EBIT Growth	-36.51%	-120.18%	107.34%	-4.04%	-30.27%	643.55%	-46.82%	58.33%	515.35%	-26.81%	96.89%
NOPAT Growth	-16.76%	-25.46%	15.59%	-3.97%	-41.32%	84.24%	35.55%	162.28%	15.84%	6.88%	15.76%
Net Income Growth	-43.63%	-188.57%	192.66%	-22.90%	-147.62%	169.25%	-85.40%	70.67%	609.96%	4.29%	509.23%
EPS Growth	-43.28%	-189.58%	200.00%	-25.00%	-147.37%	169.77%	-85.42%	71.43%	605.56%	6.67%	521.43%
Operating Cash Flow Growth	-14.94%	-30.43%	-9.91%	4.09%	-54.23%	-64.29%	79.67%	14.23%	60.64%	-265.12%	-0.76%
Free Cash Flow Firm Growth	-155.31%	-140.89%	180.14%	-1,131.07%	-1,413.34%	-2,506.73%	-713.26%	150.10%	148.90%	147.14%	115.55%
Invested Capital Growth	7.85%	5.01%	-4.91%	77.45%	78.00%	85.33%	49.45%	-19.71%	-20.23%	-19.24%	-2.32%
Revenue Q/Q Growth	2.29%	-5.59%	5.33%	38.69%	19.78%	-4.39%	7.68%	-5.72%	-5.87%	-6.84%	5.16%
EBITDA Q/Q Growth	-6.46%	-70.18%	492.09%	-26.00%	-3.42%	40.76%	-12.59%	3.48%	82.11%	-56.46%	57.38%
EBIT Q/Q Growth	-11.81%	-131.17%	911.63%	-56.99%	-35.92%	142.95%	-20.59%	28.06%	149.06%	-71.10%	113.62%
NOPAT Q/Q Growth	70.30%	-29.19%	50.66%	-47.15%	4.08%	122.32%	10.84%	2.26%	-54.03%	105.12%	20.05%
Net Income Q/Q Growth	36.82%	-214.33%	321.18%	-77.71%	-184.50%	266.26%	-53.38%	160.56%	152.50%	-66.00%	172.33%
EPS Q/Q Growth	35.71%	-213.16%	323.26%	-78.13%	-185.71%	266.67%	-53.33%	157.14%	152.78%	-64.84%	171.88%
Operating Cash Flow Q/Q Growth	-22.13%	-47.62%	47.90%	72.55%	-65.76%	-59.13%	644.15%	9.71%	-51.85%	-142.01%	547.26%
Free Cash Flow Firm Q/Q Growth	19.18%	39.51%	343.80%	-1,132.75%	0.65%	-4.20%	42.64%	184.37%	-3.03%	0.44%	-81.08%
Invested Capital Q/Q Growth	-1.27%	-2.95%	2.19%	81.24%	-0.97%	1.04%	-17.60%	-2.62%	-1.61%	2.30%	-0.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.23%	69.68%	70.84%	70.30%	71.37%	71.45%	73.56%	72.96%	72.51%	71.74%	73.28%
EBITDA Margin	29.30%	9.25%	52.02%	27.76%	22.38%	32.95%	26.75%	29.36%	56.80%	26.54%	39.72%
Operating Margin	15.25%	17.18%	20.58%	5.14%	8.14%	14.94%	16.54%	15.69%	14.19%	16.25%	22.17%
EBIT Margin	15.24%	-5.03%	38.78%	12.03%	6.43%	16.35%	12.06%	16.38%	43.34%	13.44%	27.31%
Profit (Net Income) Margin	11.33%	-13.72%	28.81%	4.63%	-3.27%	5.68%	2.46%	6.79%	18.23%	6.65%	17.23%
Tax Burden Percent	105.15%	140.39%	83.58%	127.48%	97.57%	88.66%	82.41%	94.22%	50.89%	97.82%	81.88%
Interest Burden Percent	70.68%	194.18%	88.88%	30.19%	-52.01%	39.17%	24.74%	44.03%	82.64%	50.59%	77.05%
Effective Tax Rate	-5.15%	0.00%	16.42%	-27.48%	0.00%	11.34%	17.59%	5.78%	49.11%	2.18%	18.12%
Return on Invested Capital (ROIC)	8.86%	6.80%	9.11%	2.77%	2.80%	7.38%	9.57%	8.21%	3.97%	8.37%	10.23%
ROIC Less NNEP Spread (ROIC-NNEP)	6.98%	-3.25%	13.20%	2.30%	0.18%	5.28%	5.32%	6.43%	6.32%	6.59%	10.00%
Return on Net Nonoperating Assets (RNNOA)	3.87%	-1.76%	8.15%	2.89%	0.22%	6.92%	5.27%	10.12%	9.81%	10.65%	13.26%
Return on Equity (ROE)	12.73%	5.04%	17.26%	5.66%	3.03%	14.29%	14.84%	18.33%	13.78%	19.02%	23.48%
Cash Return on Invested Capital (CROIC)	0.31%	0.76%	11.56%	-51.10%	-52.26%	-54.16%	-31.90%	28.60%	27.90%	26.63%	8.96%
Operating Return on Assets (OROA)	5.38%	-1.80%	12.82%	3.40%	2.12%	6.21%	4.97%	5.71%	15.98%	4.98%	9.80%
Return on Assets (ROA)	4.00%	-4.92%	9.52%	1.31%	-1.07%	2.16%	1.01%	2.37%	6.72%	2.46%	6.18%
Return on Common Equity (ROCE)	12.73%	5.04%	17.25%	5.66%	3.02%	14.29%	14.84%	18.32%	13.78%	19.01%	23.47%
Return on Equity Simple (ROE_SIMPLE)	0.00%	3.86%	7.73%	7.31%	0.00%	8.68%	3.17%	4.08%	0.00%	11.34%	15.63%
Net Operating Profit after Tax (NOPAT)	145	102	154	82	85	189	209	214	98	202	242
NOPAT Margin	16.03%	12.02%	17.20%	6.55%	5.69%	13.24%	13.63%	14.78%	7.22%	15.90%	18.15%
Net Nonoperating Expense Percent (NNEP)	1.88%	10.05%	-4.09%	0.47%	2.63%	2.09%	4.25%	1.78%	-2.35%	1.78%	0.22%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	1.67%	-	-	-	2.28%
Cost of Revenue to Revenue	29.77%	30.32%	29.16%	29.71%	28.63%	28.55%	26.44%	27.04%	27.49%	28.26%	26.72%
SG&A Expenses to Revenue	9.52%	9.16%	8.65%	10.21%	9.18%	9.21%	11.29%	10.08%	9.30%	8.41%	7.45%
R&D to Revenue	13.18%	12.93%	12.22%	16.93%	16.77%	15.87%	13.87%	16.17%	15.07%	15.03%	13.54%
Operating Expenses to Revenue	54.98%	52.50%	50.26%	65.15%	63.24%	56.51%	57.02%	57.27%	58.32%	55.49%	51.12%
Earnings before Interest and Taxes (EBIT)	138	-43	348	150	96	233	185	237	590	171	364
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	264	79	467	345	334	470	411	425	774	337	530
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.40	1.77	1.87	2.45	2.72	2.30	2.74	2.54	1.95	2.16	1.78
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.77	1.93	2.18	2.59	2.44	1.83	1.94	1.78	1.42	1.59	1.39
Price to Earnings (P/E)	24.35	45.82	24.15	33.46	72.77	26.54	86.73	62.29	17.62	19.05	11.40
Dividend Yield	2.47%	3.60%	3.26%	2.55%	2.40%	2.87%	2.42%	2.58%	3.33%	3.04%	3.62%
Earnings Yield	4.11%	2.18%	4.14%	2.99%	1.37%	3.77%	1.15%	1.61%	5.67%	5.25%	8.78%
Enterprise Value to Invested Capital (EV/IC)	1.86	1.46	1.55	1.51	1.59	1.44	1.91	1.87	1.43	1.50	1.35
Enterprise Value to Revenue (EV/Rev)	3.49	2.65	2.85	4.55	4.15	3.37	3.26	3.00	2.31	2.55	2.36
Enterprise Value to EBITDA (EV/EBITDA)	10.31	31.25	9.22	15.36	15.18	10.54	11.91	10.80	6.40	7.36	6.19
Enterprise Value to EBIT (EV/EBIT)	18.10	22.24	16.83	29.96	33.76	20.59	27.97	23.57	10.69	12.10	9.39
Enterprise Value to NOPAT (EV/NOPAT)	24.57	26.53	23.13	40.73	52.95	33.19	29.54	24.71	23.52	25.12	20.13
Enterprise Value to Operating Cash Flow (EV/OCF)	12.42	10.07	11.16	19.38	23.86	24.52	21.85	19.72	13.76	16.99	15.23
Enterprise Value to Free Cash Flow (EV/FCFF)	631.75	196.55	13.06	0.00	0.00	0.00	0.00	5.82	4.55	5.04	14.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.05	1.10	1.26	2.20	2.21	2.17	2.11	2.02	1.52	1.54	1.51
Long-Term Debt to Equity	1.04	1.09	1.26	2.08	2.13	2.13	2.10	2.01	1.51	1.54	1.50
Financial Leverage	0.55	0.54	0.62	1.25	1.26	1.31	0.99	1.57	1.55	1.62	1.33
Leverage Ratio	2.43	2.43	2.59	3.37	3.39	3.39	3.39	4.10	3.81	3.72	3.65
Compound Leverage Factor	1.72	4.72	2.30	1.02	-1.76	1.33	0.84	1.80	3.15	1.88	2.81
Debt to Total Capital	51.13%	52.28%	55.80%	68.73%	68.83%	68.43%	67.89%	66.91%	60.35%	60.70%	60.14%
Short-Term Debt to Total Capital	0.12%	0.12%	0.11%	3.76%	2.49%	1.15%	0.37%	0.37%	0.34%	0.34%	0.34%
Long-Term Debt to Total Capital	51.01%	52.16%	55.69%	64.97%	66.35%	67.28%	67.52%	66.54%	60.01%	60.36%	59.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%
Common Equity to Total Capital	48.85%	47.70%	44.19%	31.26%	31.16%	31.56%	32.10%	33.08%	39.63%	39.29%	39.84%
Debt to EBITDA	3.57	14.16	4.76	7.84	7.25	5.39	5.46	5.10	3.08	3.28	3.09
Net Debt to EBITDA	2.13	8.44	2.18	6.63	6.25	4.82	4.82	4.41	2.46	2.77	2.55
Long-Term Debt to EBITDA	3.56	14.13	4.75	7.41	6.99	5.29	5.43	5.07	3.06	3.27	3.07
Debt to NOPAT	8.50	12.02	11.95	20.79	25.29	16.96	13.56	11.66	11.30	11.21	10.05
Net Debt to NOPAT	5.09	7.17	5.47	17.59	21.79	15.17	11.96	10.09	9.03	9.46	8.28
Long-Term Debt to NOPAT	8.48	11.99	11.92	19.65	24.38	16.68	13.48	11.60	11.23	11.15	9.99
Altman Z-Score	1.73	1.34	1.55	0.81	0.89	0.91	1.17	1.18	1.20	1.17	1.15
Noncontrolling Interest Sharing Ratio	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%	0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.56	1.42	2.31	0.70	0.71	0.69	1.38	1.40	0.81	0.79	0.87
Quick Ratio	1.44	1.32	2.20	0.60	0.59	0.57	0.59	0.60	0.68	0.64	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-332	-201	490	-5,063	-5,030	-5,242	-3,007	2,537	2,460	2,471	468
Operating Cash Flow to CapEx	660.01%	363.28%	605.84%	1,078.27%	479.22%	125.53%	775.10%	1,052.90%	463.29%	-197.90%	843.23%
Free Cash Flow to Firm to Interest Expense	0.00	-4.98	12.66	-48.45	0.00	0.00	0.00	19.12	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	3.27	5.04	3.22	0.00	0.00	0.00	2.90	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	2.37	4.21	2.92	0.00	0.00	0.00	2.62	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.36	0.33	0.28	0.33	0.38	0.41	0.35	0.37	0.37	0.36
Accounts Receivable Turnover	8.08	9.38	7.87	7.05	8.09	9.59	9.44	8.87	8.82	8.85	7.87
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.61	14.81	14.29	13.71	14.91	16.51	18.88	17.18	15.92	15.44	15.28
Accounts Payable Turnover	2.44	2.36	2.58	1.76	1.82	2.04	2.29	1.80	1.64	1.80	1.72
Days Sales Outstanding (DSO)	45.19	38.91	46.36	51.81	45.13	38.05	38.65	41.17	41.40	41.27	46.36
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	149.86	154.68	141.49	207.21	200.28	179.00	159.70	202.46	222.83	202.64	212.15
Cash Conversion Cycle (CCC)	-104.66	-115.77	-95.13	-155.40	-155.15	-140.94	-121.06	-161.30	-181.43	-161.37	-165.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,558	6,364	6,504	11,787	11,673	11,795	9,719	9,465	9,312	9,526	9,494
Invested Capital Turnover	0.55	0.57	0.53	0.42	0.49	0.56	0.70	0.56	0.55	0.53	0.56
Increase / (Decrease) in Invested Capital	477	304	-336	5,145	5,115	5,431	3,216	-2,323	-2,362	-2,269	-225
Enterprise Value (EV)	12,198	9,309	10,074	17,748	18,595	17,023	18,568	17,700	13,311	14,316	12,794
Market Capitalization	9,671	6,793	7,691	10,083	10,943	9,241	11,049	10,472	8,197	8,925	7,530
Book Value per Share	$14.90	$14.26	$15.25	$15.24	$14.85	$14.80	$14.84	$15.18	$15.39	$15.42	$15.91
Tangible Book Value per Share	($8.46)	($8.72)	($7.45)	($32.72)	($32.22)	($31.32)	($23.38)	($22.14)	($21.17)	($21.35)	($20.62)
Total Capital	8,252	8,069	9,325	13,184	12,905	12,715	12,551	12,482	10,592	10,526	10,616
Total Debt	4,220	4,219	5,203	9,061	8,883	8,700	8,520	8,352	6,393	6,389	6,385
Total Long-Term Debt	4,210	4,209	5,193	8,565	8,562	8,555	8,475	8,306	6,357	6,353	6,349
Net Debt	2,526	2,514	2,382	7,664	7,651	7,781	7,517	7,226	5,112	5,389	5,262
Capital Expenditures (CapEx)	38	36	32	31	24	38	45	37	40	39	41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-867	-1,028	-847	-1,952	-1,855	-1,651	168	125	-1,768	-1,484	-1,402
Debt-free Net Working Capital (DFNWC)	827	677	1,974	-555	-624	-731	1,171	1,250	-487	-484	-280
Net Working Capital (NWC)	817	667	1,964	-1,051	-944	-877	1,125	1,204	-523	-519	-316
Net Nonoperating Expense (NNE)	42	219	-104	24	134	108	171	116	-150	117	12
Net Nonoperating Obligations (NNO)	2,526	2,514	2,382	7,664	7,651	7,781	5,689	5,334	5,112	5,389	5,262
Total Depreciation and Amortization (D&A)	127	122	119	196	238	237	225	188	183	166	166
Debt-free, Cash-free Net Working Capital to Revenue	-24.80%	-29.25%	-23.95%	-50.10%	-41.36%	-32.64%	2.94%	2.11%	-30.64%	-26.43%	-25.91%
Debt-free Net Working Capital to Revenue	23.67%	19.25%	55.86%	-14.25%	-13.90%	-14.45%	20.55%	21.19%	-8.45%	-8.62%	-5.18%
Net Working Capital to Revenue	23.39%	18.97%	55.58%	-26.98%	-21.06%	-17.34%	19.75%	20.42%	-9.07%	-9.25%	-5.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	($0.43)	$0.96	$0.21	($0.18)	$0.30	$0.14	$0.36	$0.91	$0.32	$0.87
Adjusted Weighted Average Basic Shares Outstanding	271.27M	269.80M	270.19M	270.44M	270.30M	271.18M	271.57M	272.27M	271.55M	267.40M	265.10M
Adjusted Diluted Earnings per Share	$0.38	($0.43)	$0.96	$0.21	($0.18)	$0.30	$0.14	$0.36	$0.91	$0.32	$0.87
Adjusted Weighted Average Diluted Shares Outstanding	271.91M	269.80M	270.19M	270.65M	270.45M	271.90M	272.14M	273.03M	272.59M	267.82M	265.19M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	269.82M	270.24M	270.46M	270.75M	271.19M	271.51M	272.04M	272.87M	268.19M	265.88M	264.00M
Normalized Net Operating Profit after Tax (NOPAT)	115	112	163	97	134	201	254	232	123	248	255
Normalized NOPAT Margin	12.71%	13.20%	18.16%	7.78%	8.99%	14.10%	16.54%	16.06%	9.01%	19.53%	19.08%
Pre Tax Income Margin	10.77%	-9.77%	34.46%	3.63%	-3.35%	6.40%	2.98%	7.21%	35.81%	6.80%	21.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-1.06	8.99	1.43	0.00	0.00	0.00	1.79	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	2.54	3.99	0.78	0.00	0.00	0.00	1.61	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-1.96	8.16	1.13	0.00	0.00	0.00	1.51	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	1.64	3.15	0.48	0.00	0.00	0.00	1.34	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	59.92%	163.38%	77.74%	84.09%	172.38%	75.15%	206.38%	157.87%	57.46%	57.48%	41.06%
Augmented Payout Ratio	104.48%	163.38%	77.74%	84.09%	172.38%	75.15%	206.38%	157.87%	89.70%	108.13%	86.97%

Frequently Asked Questions About Open Text's Financials

When does Open Text's fiscal year end?

According to the most recent income statement we have on file, Open Text's financial year ends in June. Their financial year 2024 ended on June 30, 2024.

How has Open Text's net income changed over the last 9 years?

Open Text's net income appears to be on a downward trend, with a most recent value of $465.28 million in 2024, rising from $234.41 million in 2015. The previous period was $150.57 million in 2023.

What is Open Text's operating income?

Open Text's total operating income in 2024 was $887.09 million, based on the following breakdown:

Total Gross Profit: $4.19 billion
Total Operating Expenses: $3.30 billion

How has Open Text revenue changed over the last 9 years?

Over the last 9 years, Open Text's total revenue changed from $1.85 billion in 2015 to $5.77 billion in 2024, a change of 211.5%.

How much debt does Open Text have?

Open Text's total liabilities were at $10.01 billion at the end of 2024, a 23.4% decrease from 2023, and a 296.5% increase since 2015.

How much cash does Open Text have?

In the past 9 years, Open Text's cash and equivalents has ranged from $443.36 million in 2017 to $1.69 billion in 2022, and is currently $1.28 billion as of their latest financial filing in 2024.

How has Open Text's book value per share changed over the last 9 years?

Over the last 9 years, Open Text's book value per share changed from 14.97 in 2015 to 15.39 in 2024, a change of 2.8%.

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This page (NASDAQ:OTEX) was last updated on 4/19/2025 by MarketBeat.com Staff

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Open Text (OTEX) Financials

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Open Text (OTEX) Financials

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