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Side-by-side financial comparison of Digital Realty (DLR) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $1.6B, roughly 1.3× Digital Realty). Ovintiv Inc. runs the higher net margin — 46.1% vs 6.0%, a 40.0% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs -6.0%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs -7.2%).
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
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.
DLR vs OVV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.1B |
| Net Profit | $98.6M | $946.0M |
| Gross Margin | — | — |
| Operating Margin | 6.9% | 21.2% |
| Net Margin | 6.0% | 46.1% |
| Revenue YoY | 16.1% | -6.0% |
| Net Profit YoY | -10.3% | 1676.7% |
| EPS (diluted) | $0.22 | $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.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $2.2B |
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $946.0M | ||
| Q3 25 | $67.8M | $148.0M | ||
| Q2 25 | $1.0B | $307.0M | ||
| Q1 25 | $110.0M | $-159.0M | ||
| Q4 24 | $189.6M | $-60.0M | ||
| Q3 24 | $51.2M | $507.0M | ||
| Q2 24 | $80.2M | $340.0M |
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 21.2% | ||
| Q3 25 | 8.8% | 13.5% | ||
| Q2 25 | 14.2% | 23.1% | ||
| Q1 25 | 13.9% | -3.7% | ||
| Q4 24 | 10.1% | 0.1% | ||
| Q3 24 | 11.8% | 24.2% | ||
| Q2 24 | 0.7% | 25.4% |
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 46.1% | ||
| Q3 25 | 4.3% | 7.3% | ||
| Q2 25 | 69.1% | 13.9% | ||
| Q1 25 | 7.8% | -6.7% | ||
| Q4 24 | 13.2% | -2.7% | ||
| Q3 24 | 3.6% | 23.3% | ||
| Q2 24 | 5.9% | 15.5% |
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $3.64 | ||
| Q3 25 | $0.15 | $0.57 | ||
| Q2 25 | $2.94 | $1.18 | ||
| Q1 25 | $0.27 | $-0.61 | ||
| Q4 24 | $0.50 | $-0.22 | ||
| Q3 24 | $0.09 | $1.92 | ||
| Q2 24 | $0.20 | $1.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5B | $280.0M |
| Total DebtLower is stronger | — | $5.2B |
| Stockholders' EquityBook value | $22.9B | $11.2B |
| Total Assets | $49.4B | $20.4B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $280.0M | ||
| Q3 25 | $3.3B | $25.0M | ||
| Q2 25 | $3.6B | $20.0M | ||
| Q1 25 | $2.3B | $8.0M | ||
| Q4 24 | $3.9B | $42.0M | ||
| Q3 24 | $2.2B | $9.0M | ||
| Q2 24 | $2.3B | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.1B |
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $11.2B | ||
| Q3 25 | $23.0B | $10.2B | ||
| Q2 25 | $22.9B | $10.4B | ||
| Q1 25 | $21.3B | $10.1B | ||
| Q4 24 | $21.3B | $10.3B | ||
| Q3 24 | $21.2B | $10.7B | ||
| Q2 24 | $20.5B | $10.3B |
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $20.4B | ||
| Q3 25 | $48.7B | $19.4B | ||
| Q2 25 | $48.7B | $19.7B | ||
| Q1 25 | $45.1B | $19.6B | ||
| Q4 24 | $45.3B | $19.3B | ||
| Q3 24 | $45.3B | $19.9B | ||
| Q2 24 | $43.6B | $19.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.59× |
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 | — | $954.0M |
| Free Cash FlowOCF − Capex | — | $489.0M |
| FCF MarginFCF / Revenue | — | 23.8% |
| Capex IntensityCapex / Revenue | — | 22.6% |
| Cash ConversionOCF / Net Profit | — | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $954.0M | ||
| Q3 25 | $652.9M | $812.0M | ||
| Q2 25 | $641.2M | $1.0B | ||
| Q1 25 | $399.1M | $873.0M | ||
| Q4 24 | $769.5M | $1.0B | ||
| Q3 24 | $566.5M | $1.0B | ||
| Q2 24 | $573.2M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $489.0M | ||
| Q3 25 | — | $268.0M | ||
| Q2 25 | — | $492.0M | ||
| Q1 25 | — | $256.0M | ||
| Q4 24 | — | $468.0M | ||
| Q3 24 | — | $484.0M | ||
| Q2 24 | — | $398.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 22.2% | ||
| Q2 24 | — | 18.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 26.9% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 26.0% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 28.4% |
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 1.01× | ||
| Q3 25 | 9.63× | 5.49× | ||
| Q2 25 | 0.62× | 3.30× | ||
| Q1 25 | 3.63× | — | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | 11.07× | 2.02× | ||
| Q2 24 | 7.15× | 3.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLR
Segment breakdown not available.
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
