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Open Text (OTEX) Competitors

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C$31.69 -0.15 (-0.47%)
As of 10/2/2026 04:00 PM Eastern

OTEX vs. DAY, HUT, DSG, TOI, and BITF

Should you buy Open Text stock or one of its competitors? Open Text's main competitors and comparable companies include Dayforce (DAY), Hut 8 (HUT), The Descartes Systems Group (DSG), Topicus.com (TOI), and Bitfarms (BITF). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "application software" industry.

How does Open Text compare to Dayforce?

Dayforce (TSE:DAY) and Open Text (TSE:OTEX) are both technology companies, but which is the superior business? We will contrast the two companies based on the strength of their profitability, institutional ownership, dividends, valuation, media sentiment, analyst recommendations, earnings and risk.

Dayforce has a beta of 0.993443, meaning that its stock price is 1% less volatile than the broader market. Comparatively, Open Text has a beta of 1.235534, meaning that its stock price is 24% more volatile than the broader market.

Open Text has higher revenue and earnings than Dayforce. Dayforce is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
DayforceC$1.89B8.06-C$152.03M-C$0.95N/A
Open TextC$5.25B1.47C$455.93MC$2.5812.28

In the previous week, Open Text had 1 more articles in the media than Dayforce. MarketBeat recorded 1 mentions for Open Text and 0 mentions for Dayforce. Open Text's average media sentiment score of 0.47 beat Dayforce's score of 0.00 indicating that Open Text is being referred to more favorably in the news media.

Company Overall Sentiment
Dayforce Neutral
Open Text Neutral

Open Text has a consensus target price of C$27.50, indicating a potential downside of 13.22%. Given Open Text's higher possible upside, analysts clearly believe Open Text is more favorable than Dayforce.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Dayforce
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Open Text
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

60.3% of Dayforce shares are owned by institutional investors. Comparatively, 54.8% of Open Text shares are owned by institutional investors. 2.1% of Open Text shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Open Text has a net margin of 12.25% compared to Dayforce's net margin of 0.00%. Open Text's return on equity of 15.99% beat Dayforce's return on equity.

Company Net Margins Return on Equity Return on Assets
DayforceN/A N/A N/A
Open Text 12.25%15.99%4.03%

Summary

Open Text beats Dayforce on 12 of the 14 factors compared between the two stocks.

How does Open Text compare to Hut 8?

Open Text (TSE:OTEX) and Hut 8 (TSE:HUT) are both technology companies, but which is the superior stock? We will compare the two companies based on the strength of their valuation, analyst recommendations, media sentiment, earnings, risk, dividends, profitability and institutional ownership.

54.8% of Open Text shares are owned by institutional investors. Comparatively, 39.0% of Hut 8 shares are owned by institutional investors. 2.1% of Open Text shares are owned by insiders. Comparatively, 60.2% of Hut 8 shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Open Text currently has a consensus price target of C$27.50, suggesting a potential downside of 13.22%. Given Open Text's higher probable upside, analysts plainly believe Open Text is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Open Text
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Hut 8
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
7 Strong Buy rating(s)
3.67

Open Text has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Open TextC$5.25B1.47C$455.93MC$2.5812.28
Hut 8C$317.95M45.31C$193.22M-C$5.40N/A

Open Text has a net margin of 12.25% compared to Hut 8's net margin of -188.53%. Open Text's return on equity of 15.99% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Open Text12.25% 15.99% 4.03%
Hut 8 -188.53%-39.50%-4.25%

Open Text has a beta of 1.235534, meaning that its share price is 24% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, meaning that its share price is 358% more volatile than the broader market.

In the previous week, Hut 8 had 3 more articles in the media than Open Text. MarketBeat recorded 4 mentions for Hut 8 and 1 mentions for Open Text. Open Text's average media sentiment score of 0.47 beat Hut 8's score of 0.23 indicating that Open Text is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Open Text
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
0 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Open Text beats Hut 8 on 10 of the 17 factors compared between the two stocks.

How does Open Text compare to The Descartes Systems Group?

The Descartes Systems Group (TSE:DSG) and Open Text (TSE:OTEX) are both mid-cap technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their risk, analyst recommendations, media sentiment, profitability, institutional ownership, earnings, valuation and dividends.

Open Text has a consensus target price of C$27.50, indicating a potential downside of 13.22%. Given Open Text's higher possible upside, analysts plainly believe Open Text is more favorable than The Descartes Systems Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
The Descartes Systems Group
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
4 Strong Buy rating(s)
3.80
Open Text
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

The Descartes Systems Group has a beta of 0.142043, suggesting that its stock price is 86% less volatile than the broader market. Comparatively, Open Text has a beta of 1.235534, suggesting that its stock price is 24% more volatile than the broader market.

In the previous week, The Descartes Systems Group had 1 more articles in the media than Open Text. MarketBeat recorded 2 mentions for The Descartes Systems Group and 1 mentions for Open Text. Open Text's average media sentiment score of 0.47 beat The Descartes Systems Group's score of 0.13 indicating that Open Text is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
The Descartes Systems Group
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Open Text
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Open Text has higher revenue and earnings than The Descartes Systems Group. Open Text is trading at a lower price-to-earnings ratio than The Descartes Systems Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
The Descartes Systems GroupC$775.17M12.58C$97.67MC$2.1553.03
Open TextC$5.25B1.47C$455.93MC$2.5812.28

66.9% of The Descartes Systems Group shares are owned by institutional investors. Comparatively, 54.8% of Open Text shares are owned by institutional investors. 0.0% of The Descartes Systems Group shares are owned by company insiders. Comparatively, 2.1% of Open Text shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

The Descartes Systems Group has a net margin of 24.25% compared to Open Text's net margin of 12.25%. Open Text's return on equity of 15.99% beat The Descartes Systems Group's return on equity.

Company Net Margins Return on Equity Return on Assets
The Descartes Systems Group24.25% 11.69% 7.51%
Open Text 12.25%15.99%4.03%

Summary

The Descartes Systems Group beats Open Text on 9 of the 17 factors compared between the two stocks.

How does Open Text compare to Topicus.com?

Open Text (TSE:OTEX) and Topicus.com (CVE:TOI) are both mid-cap technology companies, but which is the better stock? We will compare the two companies based on the strength of their risk, analyst recommendations, dividends, institutional ownership, earnings, media sentiment, valuation and profitability.

Open Text has higher revenue and earnings than Topicus.com. Open Text is trading at a lower price-to-earnings ratio than Topicus.com, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Open TextC$5.25B1.47C$455.93MC$2.5812.28
Topicus.comC$1.70B4.42C$35.08MC$0.42214.00

54.8% of Open Text shares are held by institutional investors. Comparatively, 21.0% of Topicus.com shares are held by institutional investors. 2.1% of Open Text shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Open Text has a net margin of 12.25% compared to Topicus.com's net margin of 0.00%. Open Text's return on equity of 15.99% beat Topicus.com's return on equity.

Company Net Margins Return on Equity Return on Assets
Open Text12.25% 15.99% 4.03%
Topicus.com N/A N/A N/A

In the previous week, Open Text had 1 more articles in the media than Topicus.com. MarketBeat recorded 1 mentions for Open Text and 0 mentions for Topicus.com. Open Text's average media sentiment score of 0.47 beat Topicus.com's score of 0.00 indicating that Open Text is being referred to more favorably in the media.

Company Overall Sentiment
Open Text Neutral
Topicus.com Neutral

Open Text presently has a consensus target price of C$27.50, indicating a potential downside of 13.22%. Topicus.com has a consensus target price of C$143.75, indicating a potential upside of 59.94%. Given Topicus.com's stronger consensus rating and higher probable upside, analysts clearly believe Topicus.com is more favorable than Open Text.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Open Text
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Topicus.com
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00

Open Text has a beta of 1.235534, indicating that its share price is 24% more volatile than the broader market. Comparatively, Topicus.com has a beta of 0.060541, indicating that its share price is 94% less volatile than the broader market.

Summary

Open Text beats Topicus.com on 11 of the 16 factors compared between the two stocks.

How does Open Text compare to Bitfarms?

Bitfarms (TSE:BITF) and Open Text (TSE:OTEX) are both mid-cap technology companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, media sentiment, risk, valuation, profitability, analyst recommendations, institutional ownership and dividends.

Open Text has a consensus target price of C$27.50, indicating a potential downside of 13.22%. Given Open Text's stronger consensus rating and higher probable upside, analysts clearly believe Open Text is more favorable than Bitfarms.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bitfarms
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Open Text
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Open Text has a net margin of 12.25% compared to Bitfarms' net margin of -234.21%. Open Text's return on equity of 15.99% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Bitfarms-234.21% -74.20% -10.66%
Open Text 12.25%15.99%4.03%

11.7% of Bitfarms shares are owned by institutional investors. Comparatively, 54.8% of Open Text shares are owned by institutional investors. 23.4% of Bitfarms shares are owned by insiders. Comparatively, 2.1% of Open Text shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Bitfarms has a beta of 3.414688, indicating that its stock price is 241% more volatile than the broader market. Comparatively, Open Text has a beta of 1.235534, indicating that its stock price is 24% more volatile than the broader market.

Open Text has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A
Open TextC$5.25B1.47C$455.93MC$2.5812.28

In the previous week, Open Text had 1 more articles in the media than Bitfarms. MarketBeat recorded 1 mentions for Open Text and 0 mentions for Bitfarms. Open Text's average media sentiment score of 0.47 beat Bitfarms' score of 0.00 indicating that Open Text is being referred to more favorably in the news media.

Company Overall Sentiment
Bitfarms Neutral
Open Text Neutral

Summary

Open Text beats Bitfarms on 12 of the 15 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding OTEX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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OTEX vs. The Competition

MetricOpen TextSoftware IndustryTechnology SectorTSE Exchange
Market CapC$7.69BC$16.16BC$31.50BC$12.53B
Dividend Yield4.98%3.42%2.75%6.31%
P/E Ratio12.28143.8181.2839.33
Price / Sales1.471,281.84584.889.16
Price / Cash5.9445.8250.0782.29
Price / Book1.918.788.104.61
Net IncomeC$455.93MC$431.57MC$702.36MC$299.09M
7 Day Performance-0.44%262.07%114.89%-1.15%
1 Month Performance-7.47%164.63%73.47%-2.87%
1 Year Performance-40.16%-0.39%167.69%16.48%

Open Text Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
OTEX
Open Text
1.3139 of 5 stars
C$31.69
-0.5%
C$27.50
-13.2%
-39.7%C$7.69BC$5.25B12.2819,900
DAY
Dayforce
N/AC$95.35
-1.1%
N/A-1.0%C$15.26BC$1.89BN/AN/A
HUT
Hut 8
1.3477 of 5 stars
C$131.73
+0.2%
N/A+134.7%C$14.83BC$317.95MN/A248
DSG
The Descartes Systems Group
1.3621 of 5 stars
C$112.59
+0.8%
N/A-11.5%C$9.63BC$775.17M52.3750,800
TOI
Topicus.com
1.6818 of 5 stars
C$84.29
-1.1%
C$143.75
+70.5%
N/AC$7.12BC$1.70B200.69N/A

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This page (TSE:OTEX) was last updated on 10/3/2026 by MarketBeat.com Staff.
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