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Side-by-side financial comparison of Celanese Corp (CE) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
Celanese Corp is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.1× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 0.6%, a 45.4% gap on every dollar of revenue. On growth, Ovintiv Inc. posted the faster year-over-year revenue change (-6.0% vs -7.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $168.0M). Over the past eight quarters, Ovintiv Inc.'s revenue compounded faster (-7.2% CAGR vs -8.1%).
Celanese Corporation, formerly known as Hoechst Celanese, is an American technology and specialty materials company headquartered in Irving, Texas. It is a Fortune 500 corporation. The company is the world's leading producer of acetic acid, producing about 1.95 million tonnes per year, representing approximately 20% of global production. Celanese is also the world's largest producer of vinyl acetate monomer (VAM).
Ovintiv Inc. is a U.S. petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.
CE vs OVV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.1B |
| Net Profit | $14.0M | $946.0M |
| Gross Margin | 19.1% | — |
| Operating Margin | 4.0% | 21.2% |
| Net Margin | 0.6% | 46.1% |
| Revenue YoY | -7.0% | -6.0% |
| Net Profit YoY | 100.7% | 1676.7% |
| EPS (diluted) | $0.13 | $3.64 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.4B | $2.4B | ||
| Q4 24 | $2.4B | $2.2B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.7B | $2.2B | ||
| Q1 24 | $2.6B | $2.4B |
| Q4 25 | $14.0M | $946.0M | ||
| Q3 25 | $-1.4B | $148.0M | ||
| Q2 25 | $199.0M | $307.0M | ||
| Q1 25 | $-21.0M | $-159.0M | ||
| Q4 24 | $-1.9B | $-60.0M | ||
| Q3 24 | $116.0M | $507.0M | ||
| Q2 24 | $155.0M | $340.0M | ||
| Q1 24 | $121.0M | $338.0M |
| Q4 25 | 19.1% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.2% | — |
| Q4 25 | 4.0% | 21.2% | ||
| Q3 25 | -52.7% | 13.5% | ||
| Q2 25 | 9.2% | 23.1% | ||
| Q1 25 | 7.0% | -3.7% | ||
| Q4 24 | -59.3% | 0.1% | ||
| Q3 24 | 9.4% | 24.2% | ||
| Q2 24 | 9.4% | 25.4% | ||
| Q1 24 | 8.0% | 20.7% |
| Q4 25 | 0.6% | 46.1% | ||
| Q3 25 | -56.1% | 7.3% | ||
| Q2 25 | 7.9% | 13.9% | ||
| Q1 25 | -0.9% | -6.7% | ||
| Q4 24 | -80.8% | -2.7% | ||
| Q3 24 | 4.4% | 23.3% | ||
| Q2 24 | 5.8% | 15.5% | ||
| Q1 24 | 4.6% | 14.2% |
| Q4 25 | $0.13 | $3.64 | ||
| Q3 25 | $-12.39 | $0.57 | ||
| Q2 25 | $1.81 | $1.18 | ||
| Q1 25 | $-0.19 | $-0.61 | ||
| Q4 24 | $-17.50 | $-0.22 | ||
| Q3 24 | $1.06 | $1.92 | ||
| Q2 24 | $1.41 | $1.27 | ||
| Q1 24 | $1.10 | $1.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $280.0M |
| Total DebtLower is stronger | $11.4B | $5.2B |
| Stockholders' EquityBook value | $4.0B | $11.2B |
| Total Assets | $21.7B | $20.4B |
| Debt / EquityLower = less leverage | 2.81× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $280.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $20.0M | ||
| Q1 25 | — | $8.0M | ||
| Q4 24 | — | $42.0M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $8.0M | ||
| Q1 24 | — | $5.0M |
| Q4 25 | $11.4B | $5.2B | ||
| Q3 25 | $11.7B | $5.2B | ||
| Q2 25 | $12.7B | $5.3B | ||
| Q1 25 | $12.4B | $5.5B | ||
| Q4 24 | $11.1B | $5.5B | ||
| Q3 24 | $11.3B | $5.9B | ||
| Q2 24 | $11.1B | $6.1B | ||
| Q1 24 | $11.0B | $6.2B |
| Q4 25 | $4.0B | $11.2B | ||
| Q3 25 | $4.0B | $10.2B | ||
| Q2 25 | $5.3B | $10.4B | ||
| Q1 25 | $5.2B | $10.1B | ||
| Q4 24 | $5.2B | $10.3B | ||
| Q3 24 | $7.3B | $10.7B | ||
| Q2 24 | $7.2B | $10.3B | ||
| Q1 24 | $7.1B | $10.3B |
| Q4 25 | $21.7B | $20.4B | ||
| Q3 25 | $22.2B | $19.4B | ||
| Q2 25 | $23.7B | $19.7B | ||
| Q1 25 | $23.2B | $19.6B | ||
| Q4 24 | $22.9B | $19.3B | ||
| Q3 24 | $25.9B | $19.9B | ||
| Q2 24 | $25.8B | $19.8B | ||
| Q1 24 | $26.0B | $19.8B |
| Q4 25 | 2.81× | 0.46× | ||
| Q3 25 | 2.95× | 0.51× | ||
| Q2 25 | 2.41× | 0.51× | ||
| Q1 25 | 2.39× | 0.55× | ||
| Q4 24 | 2.14× | 0.53× | ||
| Q3 24 | 1.56× | 0.55× | ||
| Q2 24 | 1.54× | 0.59× | ||
| Q1 24 | 1.56× | 0.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $252.0M | $954.0M |
| Free Cash FlowOCF − Capex | $168.0M | $489.0M |
| FCF MarginFCF / Revenue | 7.6% | 23.8% |
| Capex IntensityCapex / Revenue | 3.8% | 22.6% |
| Cash ConversionOCF / Net Profit | 18.00× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | $803.0M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $252.0M | $954.0M | ||
| Q3 25 | $447.0M | $812.0M | ||
| Q2 25 | $410.0M | $1.0B | ||
| Q1 25 | $37.0M | $873.0M | ||
| Q4 24 | $494.0M | $1.0B | ||
| Q3 24 | $79.0M | $1.0B | ||
| Q2 24 | $292.0M | $1.0B | ||
| Q1 24 | $101.0M | $659.0M |
| Q4 25 | $168.0M | $489.0M | ||
| Q3 25 | $383.0M | $268.0M | ||
| Q2 25 | $317.0M | $492.0M | ||
| Q1 25 | $-65.0M | $256.0M | ||
| Q4 24 | $389.0M | $468.0M | ||
| Q3 24 | $-9.0M | $484.0M | ||
| Q2 24 | $187.0M | $398.0M | ||
| Q1 24 | $-36.0M | $68.0M |
| Q4 25 | 7.6% | 23.8% | ||
| Q3 25 | 15.8% | 13.3% | ||
| Q2 25 | 12.5% | 22.2% | ||
| Q1 25 | -2.7% | 10.8% | ||
| Q4 24 | 16.4% | 21.4% | ||
| Q3 24 | -0.3% | 22.2% | ||
| Q2 24 | 7.1% | 18.1% | ||
| Q1 24 | -1.4% | 2.8% |
| Q4 25 | 3.8% | 22.6% | ||
| Q3 25 | 2.6% | 26.9% | ||
| Q2 25 | 3.7% | 23.5% | ||
| Q1 25 | 4.3% | 26.0% | ||
| Q4 24 | 4.4% | 25.3% | ||
| Q3 24 | 3.3% | 24.7% | ||
| Q2 24 | 4.0% | 28.4% | ||
| Q1 24 | 5.2% | 24.8% |
| Q4 25 | 18.00× | 1.01× | ||
| Q3 25 | — | 5.49× | ||
| Q2 25 | 2.06× | 3.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.68× | 2.02× | ||
| Q2 24 | 1.88× | 3.00× | ||
| Q1 24 | 0.83× | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
