OTEX vs QXL vs ADBE Stock Comparison

Open Text, Quantum X Labs and Adobe Prices as of Oct 29, 2026 Peers: Industry group
OTEX Open Text Corp
$27.07 +21.3% 1M -29.0% 1Y
Market cap
$6.59B
P/E
10.3x
Revenue (TTM)
$5.25B
Div. yield
–
Productivity Software Technology
3 wins
QXL Quantum X Labs Inc.
$3.90 -14.8% 1M +9.9% 1Y
Market cap
$52.31M
P/E
–
Revenue (TTM)
-$2.78M
Div. yield
–
Digital Advertising Technology
4 wins
ADBE Adobe Inc.
$248.12 +6.4% 1M -26.6% 1Y
Market cap
$98.84B
P/E
13.6x
Revenue (TTM)
$25.97B
Div. yield
–
Creative Software Technology
4 wins

Head to Head

11 decided of 12

Adobe leads on 4 of the 12 questions below (Adobe 4, Quantum X Labs 4, Open Text 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionOTEXQXLADBELeader
Larger companyMarket capitalisation $6.59B $52.31M $98.84B ADBE
Cheaper on earningsLower P/E, profitable companies only 10.3x -4.0x 13.6x OTEX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 6.5x — 9.9x OTEX
Faster revenue growthRevenue growth, trailing twelve months +1.5% +70.0% +12.0% QXL
More profitableNet margin, trailing twelve months 12.3% — 28.0% ADBE
Better return on capitalReturn on invested capital 8.1% 7.6% 44.3% ADBE
Less leveragedLower net debt / EBITDA 2.8x -0.7x -0.1x QXL
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -29.0% +9.9% -26.6% QXL
Better 5-year returnAnnualised price return, 5 years -11.7%/yr -0.2%/yr -17.5%/yr QXL
Less volatileAnnualised volatility, 1 year 38.5% 108.9% 41.8% OTEX
Higher overall scoreMean of the five percentile scores vs peers 56/100 30/100 65/100 ADBE

Percentile Scorecard

OTEXQXLADBE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisOTEXQXLADBE
Valuation 86 #5 of 29 26 #124 of 166 61 #12 of 29
Growth 35 #18 of 27 13 #133 of 153 19 #22 of 27
Profitability 68 #9 of 26 32 #104 of 153 100 #1 of 26
Financial Health 13 #27 of 31 71 #52 of 179 60 #13 of 31
Shareholder Returns 79 #4 of 15 8 #84 of 91 86 #3 of 15
Overall 56 30 65
  • OTEX ranked among 32 companies in Workplace Software
  • QXL ranked among 185 companies in Internet Platforms
  • ADBE ranked among 32 companies in Workplace Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodOTEXQXLADBESPY
1 month +21.3%-14.8%+6.4% +0.7%
3 months +6.7%-11.4%+0.1% +3.7%
6 months +19.5%+25.4%+0.8% +7.1%
Year to date -16.9%+154.9%-29.1% +12.8%
1 year -29.0%+9.9%-26.6% +11.9%
3 years -18.6%+62.5%-52.9% +85.2%
3 years, per year -6.6%+17.6%-22.2% +22.8%
5 years -46.2%-0.8%-61.8% +67.6%
5 years, per year -11.7%-0.2%-17.5% +10.9%
10 years -12.3%-99.1%+130.6% +262.0%
10 years, per year -1.3%-37.4%+8.7% +13.7%

Risk

MeasureOTEXQXLADBESPY
Volatility, 1Y 38.5%108.9%41.8% 12.7%
Downside volatility, 1Y 39.6%112.5%43.3% 12.6%
Beta vs S&P 500, 1Y 0.820.390.22 1.00
Return / volatility, 1Y -0.750.09-0.64 0.94
Max drawdown, 5Y -61.7%-99.2%-71.9% -25.4%
From 52-week high -29.4%-43.1%-30.6% -1.2%
52-week high $38.35$6.85$357.53 $779.14
52-week low $20.01$1.04$193.41 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleOTEXQXLADBE
P/E now vs peer median 10.5xmedian 33.1x -4.3xmedian 16.7x 13.5xmedian 33.1x
P/S now vs peer median 1.2xmedian 2.5x -20.0xmedian 1.4x 3.7xmedian 2.5x
EV/EBITDA now vs peer median 6.6xmedian 9.8x 32.8xmedian 12.7x 9.6xmedian 9.8x
P/FCF now vs peer median 8.1xmedian 15.2x -15.2xmedian 10.5x 9.2xmedian 15.2x
P/B now vs peer median 1.6xmedian 3.1x 2.2xmedian 1.7x 8.2xmedian 3.1x
PEG now vs peer median 0.16median 0.74 0.01median 0.39 0.74median 0.74

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsOTEXQXLADBE
Revenue $5.25B -$2.78M $25.97B
Gross profit $3.87B – $23.18B
Operating income $1.08B $1.29M $9.27B
Net income $643.26M -$14.55M $7.28B
Free cash flow $807.52M -$3.66M $10.59B
R&D $647.71M $2.00K $4.69B
EPS (diluted) $2.58 $-0.65 $18.42
Cash & equivalents $956.02M $2.44M $4.36B
Total debt $5.77B $11.14M $4.77B
Shares (diluted) 249.37M 20.07M 395.50M
Enterprise value $2.02B $44.70M $74.09B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricOTEXQXLADBE
P/E 10.5x -4.3x 13.5x
P/FCF 8.1x -15.2x 9.2x
P/Operating cash flow 6.5x -16.0x 9.0x
P/S 1.2x -20.0x 3.7x
P/B 1.6x 2.2x 8.2x
P/Tangible book 2.6x -140.8x 9.0x
EV/EBITDA 6.6x 32.8x 9.6x
EV/EBIT 10.5x 42.3x 10.4x
EV/Revenue 2.2x -19.6x 3.7x
EV/FCF 14.1x -14.9x 9.1x
EV/Operating cash flow 11.3x -15.7x 8.9x
PEG (3Y EPS CAGR) 0.16 0.01 0.74

Growth

14 metrics
MetricOTEXQXLADBE
Revenue growth (1Y) 1.5% 70.0% 12.0%
Revenue CAGR (3Y) 5.4% -26.6% 11.2%
Gross profit growth (1Y) 3.6% – 12.2%
Gross profit CAGR (3Y) 6.9% – 11.8%
Operating income growth (1Y) 21.3% -64.8% 10.3%
Operating income CAGR (3Y) 28.0% -12.5% 13.1%
Net income growth (1Y) 47.5% 30.7% 4.7%
Net income CAGR (3Y) 62.3% -173.3% 12.5%
EPS growth (1Y) 56.0% 75.4% 12.3%
EPS CAGR (3Y) 66.8% -539.2% 18.2%
Operating cash flow growth (1Y) 21.2% -267.7% 10.4%
Operating cash flow CAGR (3Y) 8.9% -43.4% 10.4%
Free cash flow growth (1Y) 17.5% -287.4% 10.3%
Free cash flow CAGR (3Y) 7.2% -44.4% 11.6%

Profitability

14 metrics
MetricOTEXQXLADBE
Gross margin 73.7% – 89.3%
EBITDA margin 32.6% – 38.6%
Operating margin 20.6% – 35.7%
Pretax margin 16.4% – 35.7%
Net margin 12.3% – 28.0%
FCF margin 15.4% – 40.8%
Operating cash flow margin 19.2% 124.9% 41.6%
Return on equity 16.1% -94.6% 62.6%
Return on assets 4.9% -69.4% 24.3%
Return on invested capital 8.1% 7.6% 44.3%
Return on capital employed 10.2% 7.6% 51.3%
Asset turnover 0.4x -0.1x 0.9x
Cash conversion (OCF / net income) 1.6x 0.2x 1.5x
Stock comp / revenue 1.5% – 8.0%

Financial Health

11 metrics
MetricOTEXQXLADBE
Debt / assets 44.0% 4.0% 15.9%
Debt / equity 1.4x 0.0x 0.4x
Net debt / EBITDA 2.8x -0.7x -0.1x
Debt / FCF 7.1x -0.3x 0.4x
Liabilities / assets 69.4% 17.3% 60.8%
Equity / assets 30.6% 82.7% 39.2%
Interest coverage – – 35.7x
Current ratio 0.8x 0.9x 0.8x
Quick ratio 0.7x 0.7x 0.7x
Cash ratio 0.4x 0.6x 0.5x
Altman Z-score 1.27 4.25 7.34

Shareholder Returns

7 metrics
MetricOTEXQXLADBE
Dividend yield 4.1% – –
Net buyback yield 6.3% -8.3% 9.3%
Shareholder yield 10.4% -8.3% 9.3%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusOTEXQXLADBE
Forward P/E 6.5xFY2027 – 9.9xFY2026
EPS, next fiscal year $4.15FY2027 – $25.10FY2026
EPS growth, next FY -4.8%FY2027 – +19.9%FY2026
EPS growth, the year after 0.0% – +5.7%
Revenue, next fiscal year $5.05BFY2027 – $24.94BFY2026
Revenue growth, next FY -2.5%FY2027 – +4.9%FY2026
Revenue growth, the year after +1.2% – +21.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersOTEXQXLADBE
Held by institutions 81.5% – 82.5%
Institutions holding 271 – 1,983
Change in shares held, QoQ +6.5% – +3.7%
Institutions buying 160 – 839
Institutions selling 82 – 928
Buyers to sellers 1.95 – 0.90

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

OTEXQXLADBE
OTEX 1.00 -0.12 0.61
QXL -0.12 1.00 -0.08
ADBE 0.61 -0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, OTEX, QXL and ADBE?

Adobe (ADBE) is the largest by market capitalisation: Open Text (OTEX) $6.59B, Quantum X Labs (QXL) $52.31M, Adobe (ADBE) $98.84B.

Which stock is cheaper, OTEX, QXL and ADBE?

Open Text (OTEX) trades on the lowest price-to-earnings ratio (Open Text (OTEX) 10.3x, Quantum X Labs (QXL) -4.0x, Adobe (ADBE) 13.6x). On next year's consensus earnings, Open Text (OTEX) is cheapest (Open Text (OTEX) 6.5x, Adobe (ADBE) 9.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Quantum X Labs (QXL) grew revenue fastest over the trailing twelve months: Open Text (OTEX) +1.5%, Quantum X Labs (QXL) +70.0%, Adobe (ADBE) +12.0%.

Which company is more profitable?

Adobe (ADBE) has the highest net margin (Open Text (OTEX) 12.3%, Adobe (ADBE) 28.0%). On return on invested capital, Adobe (ADBE) leads (Open Text (OTEX) 8.1%, Quantum X Labs (QXL) 7.6%, Adobe (ADBE) 44.3%).

Which stock has performed better?

Over the past year Quantum X Labs (QXL) returned the most: Open Text (OTEX) -29.0%, Quantum X Labs (QXL) +9.9%, Adobe (ADBE) -26.6%. Over five years, Quantum X Labs (QXL) compounded fastest (Open Text (OTEX) -11.7%/yr, Quantum X Labs (QXL) -0.2%/yr, Adobe (ADBE) -17.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Open Text (OTEX) has been the steadiest (Open Text (OTEX) 38.5%, Quantum X Labs (QXL) 108.9%, Adobe (ADBE) 41.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, OTEX, QXL and ADBE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Adobe (ADBE) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.