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Side-by-side financial comparison of Ecolab (ECL) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
Ecolab is the larger business by last-quarter revenue ($4.1B vs $2.1B, roughly 2.0× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 10.6%, a 35.4% gap on every dollar of revenue. On growth, Ecolab posted the faster year-over-year revenue change (10.0% vs -6.0%). Over the past eight quarters, Ecolab's revenue compounded faster (1.0% CAGR vs -7.2%).
Ecolab Inc., headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
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.
ECL vs OVV — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $2.1B |
| Net Profit | $432.6M | $946.0M |
| Gross Margin | — | — |
| Operating Margin | 15.3% | 21.2% |
| Net Margin | 10.6% | 46.1% |
| Revenue YoY | 10.0% | -6.0% |
| Net Profit YoY | 1.3% | 1676.7% |
| EPS (diluted) | $1.52 | $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.
| Q2 26 | $4.1B | — | ||
| Q4 25 | $4.2B | $2.1B | ||
| Q3 25 | $4.2B | $2.0B | ||
| Q2 25 | $4.0B | $2.2B | ||
| Q1 25 | $3.7B | $2.4B | ||
| Q4 24 | $4.0B | $2.2B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $4.0B | $2.2B |
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $946.0M | ||
| Q3 25 | $585.0M | $148.0M | ||
| Q2 25 | $524.2M | $307.0M | ||
| Q1 25 | $402.5M | $-159.0M | ||
| Q4 24 | $472.9M | $-60.0M | ||
| Q3 24 | $736.5M | $507.0M | ||
| Q2 24 | $490.9M | $340.0M |
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | — | ||
| Q3 25 | 44.8% | — | ||
| Q2 25 | 44.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 43.3% | — | ||
| Q3 24 | 43.4% | — | ||
| Q2 24 | 43.8% | — |
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 21.2% | ||
| Q3 25 | 18.3% | 13.5% | ||
| Q2 25 | 17.6% | 23.1% | ||
| Q1 25 | 15.0% | -3.7% | ||
| Q4 24 | 14.6% | 0.1% | ||
| Q3 24 | 26.1% | 24.2% | ||
| Q2 24 | 16.5% | 25.4% |
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | 46.1% | ||
| Q3 25 | 14.0% | 7.3% | ||
| Q2 25 | 13.0% | 13.9% | ||
| Q1 25 | 10.9% | -6.7% | ||
| Q4 24 | 11.8% | -2.7% | ||
| Q3 24 | 18.4% | 23.3% | ||
| Q2 24 | 12.3% | 15.5% |
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $3.64 | ||
| Q3 25 | $2.05 | $0.57 | ||
| Q2 25 | $1.84 | $1.18 | ||
| Q1 25 | $1.41 | $-0.61 | ||
| Q4 24 | $1.65 | $-0.22 | ||
| Q3 24 | $2.58 | $1.92 | ||
| Q2 24 | $1.71 | $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 | $519.8K | $280.0M |
| Total DebtLower is stronger | $8.5M | $5.2B |
| Stockholders' EquityBook value | $10.0M | $11.2B |
| Total Assets | $25.0M | $20.4B |
| Debt / EquityLower = less leverage | 0.85× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | $280.0M | ||
| Q3 25 | $2.0B | $25.0M | ||
| Q2 25 | $1.9B | $20.0M | ||
| Q1 25 | $1.2B | $8.0M | ||
| Q4 24 | $1.3B | $42.0M | ||
| Q3 24 | $1.3B | $9.0M | ||
| Q2 24 | $384.0M | $8.0M |
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | $5.2B | ||
| Q3 25 | $8.1B | $5.2B | ||
| Q2 25 | $7.5B | $5.3B | ||
| Q1 25 | $7.0B | $5.5B | ||
| Q4 24 | $6.9B | $5.5B | ||
| Q3 24 | $7.0B | $5.9B | ||
| Q2 24 | $7.5B | $6.1B |
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | $11.2B | ||
| Q3 25 | $9.7B | $10.2B | ||
| Q2 25 | $9.3B | $10.4B | ||
| Q1 25 | $8.9B | $10.1B | ||
| Q4 24 | $8.8B | $10.3B | ||
| Q3 24 | $8.5B | $10.7B | ||
| Q2 24 | $8.3B | $10.3B |
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $20.4B | ||
| Q3 25 | $23.9B | $19.4B | ||
| Q2 25 | $23.7B | $19.7B | ||
| Q1 25 | $22.4B | $19.6B | ||
| Q4 24 | $22.4B | $19.3B | ||
| Q3 24 | $22.1B | $19.9B | ||
| Q2 24 | $21.5B | $19.8B |
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | 0.46× | ||
| Q3 25 | 0.83× | 0.51× | ||
| Q2 25 | 0.81× | 0.51× | ||
| Q1 25 | 0.79× | 0.55× | ||
| Q4 24 | 0.79× | 0.53× | ||
| Q3 24 | 0.82× | 0.55× | ||
| Q2 24 | 0.91× | 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.
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $954.0M | ||
| Q3 25 | $791.3M | $812.0M | ||
| Q2 25 | $701.8M | $1.0B | ||
| Q1 25 | $369.4M | $873.0M | ||
| Q4 24 | $766.7M | $1.0B | ||
| Q3 24 | $786.7M | $1.0B | ||
| Q2 24 | $611.1M | $1.0B |
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $489.0M | ||
| Q3 25 | $529.7M | $268.0M | ||
| Q2 25 | $485.1M | $492.0M | ||
| Q1 25 | $131.5M | $256.0M | ||
| Q4 24 | $407.0M | $468.0M | ||
| Q3 24 | $550.3M | $484.0M | ||
| Q2 24 | $414.2M | $398.0M |
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | 23.8% | ||
| Q3 25 | 12.7% | 13.3% | ||
| Q2 25 | 12.1% | 22.2% | ||
| Q1 25 | 3.6% | 10.8% | ||
| Q4 24 | 10.2% | 21.4% | ||
| Q3 24 | 13.8% | 22.2% | ||
| Q2 24 | 10.4% | 18.1% |
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 22.6% | ||
| Q3 25 | 6.3% | 26.9% | ||
| Q2 25 | 5.4% | 23.5% | ||
| Q1 25 | 6.4% | 26.0% | ||
| Q4 24 | 9.0% | 25.3% | ||
| Q3 24 | 5.9% | 24.7% | ||
| Q2 24 | 4.9% | 28.4% |
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | 1.01× | ||
| Q3 25 | 1.35× | 5.49× | ||
| Q2 25 | 1.34× | 3.30× | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 1.07× | 2.02× | ||
| Q2 24 | 1.24× | 3.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
