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TSX
C$37.27
+5.02% · delayed ~15 min
Updated
C$9.02B market value
From Open Text Corp.'s FY2026 annual-report
It took in C$7.36B last year, which makes it a mid-sized company. Of every dollar it sells, about 12 cents is left as profit.
The financial picture is led by profitability and accounting, with growth and debt worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Strong finances across the board.
From Open Text Corp.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Profit
C$611.7M → C$902.4M
Earnings per share
C$2.40 → C$3.73
Operating income
C$1.46B → C$1.71B
Operating margin
20.1% → 23.2%
Measured against FY2025, from the annual-report
Improved: +47.5%
C$611.7M to C$902.4MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
OTEX.TO rose 5.02% on the latest quote. The S&P/TSX Composite moved −0.45%. That is 5.5 points above the market.
No filing from OTEX.TO and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 1% a year for the next 10 years. Over the last 3 years it grew by about 7% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 12 cents of every dollar of sales as profit, earning C$902.4M last year.
Barely. Sales were roughly flat, up 1.5%.
Manageable, but notable. Clearing its debt would take about 4.8 years of cash flow. For every $1 it owes, it owns $1.44 in assets.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2026 annual filing
Last year it earned C$902.4M and generated C$1.41B of cash from operations.
Reported annual figures
As reported to the SEC, in CAD. Hover or show sources to see where each figure came from.
| Income statement | FY2026annual-report | FY2025annual-report | FY2024annual-report | FY2023annual-report | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|
| RevenueWhat is this? | C$7.36B | C$7.25B | C$8.10B | C$6.29B | +1.5% |
| Cost of revenue | C$1.93B | C$2.01B | C$2.22B | C$1.85B | −3.9% |
| Gross profit | C$5.43B | C$5.24B | C$5.88B | C$4.45B | +3.6% |
| Gross marginGross profit ÷ revenueWhat is this? | 73.7% | 72.3% | 72.6% | 70.6% | +1.5 pts |
| Selling, general and administrative | C$2.21B | C$2.09B | C$2.44B | C$1.95B | +5.7% |
| Operating income | C$1.71B | C$1.46B | C$1.43B | C$962.0M | +17.0% |
| Operating marginOperating income ÷ revenueWhat is this? | 23.2% | 20.1% | 17.7% | 15.3% | +3.1 pts |
| Interest expense | C$493.8M | C$529.6M | C$793.4M | C$537.4M | −6.8% |
| Income before tax | C$1.21B | C$676.5M | C$1.02B | C$310.6M | +78.2% |
| Net income | C$902.4M | C$611.7M | C$652.7M | C$211.0M | +47.5% |
| Net marginNet income ÷ revenueWhat is this? | 12.3% | 8.4% | 8.1% | 3.4% | +3.8 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | C$3.73 | C$2.40 | C$2.44 | C$0.779 | +55.2% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Write down why you are following Open Text Corp., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to one of these filings.
Straight from SEC EDGAR — the original source for every figure above
No filings found
This company has no recent filings indexed on EDGAR.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from OTEX.TO's annual-report for fiscal year 2026 (period ending 2026-06-30), reported under the US GAAP taxonomy. Reported in USD and shown here in CAD, the currency OTEX.TO trades in, converted at today's rate of 1.40. The filing itself is in USD.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Every check behind the three models, and what each one tests
9 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
1.34
In the grey zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.49
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Improved: +55.2%
C$2.40 to C$3.73Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +17.0%
C$1.46B to C$1.71BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +3.1 pts
20.1% to 23.2%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +3.8 pts
8.4% to 12.3%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +17.5%
C$964.7M to C$1.13BSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -17.3%
C$1.62B to C$1.34BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +39.2%
C$201.0M to C$279.7MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +1.5 pts
72.3% to 73.7%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: -9.6%
C$8.90B to C$8.05BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: -5.0%
254.8M to 242.1MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
2 other measures barely moved. Figures compare the two most recent annual filings. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between -1% and 3%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 10.0x — investors pay $10.0 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Primary sources and further research