vs
Side-by-side financial comparison of Consolidated Edison (ED) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
Consolidated Edison is the larger business by last-quarter revenue ($4.0B vs $2.1B, roughly 1.9× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 7.5%, a 38.5% gap on every dollar of revenue. On growth, Consolidated Edison posted the faster year-over-year revenue change (8.2% vs -6.0%). Over the past eight quarters, Consolidated Edison's revenue compounded faster (-3.7% CAGR vs -7.2%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.
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.
ED vs OVV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $2.1B |
| Net Profit | $298.0M | $946.0M |
| Gross Margin | — | — |
| Operating Margin | 12.3% | 21.2% |
| Net Margin | 7.5% | 46.1% |
| Revenue YoY | 8.2% | -6.0% |
| Net Profit YoY | -3.9% | 1676.7% |
| EPS (diluted) | $0.81 | $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 | $4.0B | $2.1B | ||
| Q3 25 | $4.6B | $2.0B | ||
| Q2 25 | $3.6B | $2.2B | ||
| Q1 25 | $4.9B | $2.4B | ||
| Q4 24 | $3.7B | $2.2B | ||
| Q3 24 | $4.2B | $2.2B | ||
| Q2 24 | $3.3B | $2.2B | ||
| Q1 24 | $4.3B | $2.4B |
| Q4 25 | $298.0M | $946.0M | ||
| Q3 25 | $688.0M | $148.0M | ||
| Q2 25 | $246.0M | $307.0M | ||
| Q1 25 | $791.0M | $-159.0M | ||
| Q4 24 | $310.0M | $-60.0M | ||
| Q3 24 | $588.0M | $507.0M | ||
| Q2 24 | $202.0M | $340.0M | ||
| Q1 24 | $720.0M | $338.0M |
| Q4 25 | 12.3% | 21.2% | ||
| Q3 25 | 21.2% | 13.5% | ||
| Q2 25 | 9.8% | 23.1% | ||
| Q1 25 | 23.0% | -3.7% | ||
| Q4 24 | 13.0% | 0.1% | ||
| Q3 24 | 20.4% | 24.2% | ||
| Q2 24 | 9.7% | 25.4% | ||
| Q1 24 | 23.6% | 20.7% |
| Q4 25 | 7.5% | 46.1% | ||
| Q3 25 | 15.1% | 7.3% | ||
| Q2 25 | 6.8% | 13.9% | ||
| Q1 25 | 16.2% | -6.7% | ||
| Q4 24 | 8.5% | -2.7% | ||
| Q3 24 | 13.9% | 23.3% | ||
| Q2 24 | 6.1% | 15.5% | ||
| Q1 24 | 16.8% | 14.2% |
| Q4 25 | $0.81 | $3.64 | ||
| Q3 25 | $1.90 | $0.57 | ||
| Q2 25 | $0.68 | $1.18 | ||
| Q1 25 | $2.25 | $-0.61 | ||
| Q4 24 | $0.89 | $-0.22 | ||
| Q3 24 | $1.69 | $1.92 | ||
| Q2 24 | $0.58 | $1.27 | ||
| Q1 24 | $2.08 | $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 | $1.6B | $280.0M |
| Total DebtLower is stronger | $25.8B | $5.2B |
| Stockholders' EquityBook value | $24.2B | $11.2B |
| Total Assets | $74.6B | $20.4B |
| Debt / EquityLower = less leverage | 1.07× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $280.0M | ||
| Q3 25 | $181.0M | $25.0M | ||
| Q2 25 | $1.5B | $20.0M | ||
| Q1 25 | $360.0M | $8.0M | ||
| Q4 24 | $1.3B | $42.0M | ||
| Q3 24 | $93.0M | $9.0M | ||
| Q2 24 | $1.5B | $8.0M | ||
| Q1 24 | $169.0M | $5.0M |
| Q4 25 | $25.8B | $5.2B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | $24.7B | $5.5B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.2B |
| Q4 25 | $24.2B | $11.2B | ||
| Q3 25 | $24.2B | $10.2B | ||
| Q2 25 | $23.8B | $10.4B | ||
| Q1 25 | $23.8B | $10.1B | ||
| Q4 24 | $22.0B | $10.3B | ||
| Q3 24 | $21.9B | $10.7B | ||
| Q2 24 | $21.6B | $10.3B | ||
| Q1 24 | $21.6B | $10.3B |
| Q4 25 | $74.6B | $20.4B | ||
| Q3 25 | $71.8B | $19.4B | ||
| Q2 25 | $71.5B | $19.7B | ||
| Q1 25 | $70.7B | $19.6B | ||
| Q4 24 | $70.6B | $19.3B | ||
| Q3 24 | $68.6B | $19.9B | ||
| Q2 24 | $67.9B | $19.8B | ||
| Q1 24 | $66.7B | $19.8B |
| Q4 25 | 1.07× | 0.46× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | 1.13× | 0.53× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 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 | $1.5B | $954.0M |
| Free Cash FlowOCF − Capex | — | $489.0M |
| FCF MarginFCF / Revenue | — | 23.8% |
| Capex IntensityCapex / Revenue | — | 22.6% |
| Cash ConversionOCF / Net Profit | 4.97× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5B | $954.0M | ||
| Q3 25 | $504.0M | $812.0M | ||
| Q2 25 | $2.0B | $1.0B | ||
| Q1 25 | $837.0M | $873.0M | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $392.0M | $1.0B | ||
| Q2 24 | $1.3B | $1.0B | ||
| Q1 24 | $573.0M | $659.0M |
| 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 24 | — | $68.0M |
| 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 24 | — | 2.8% |
| 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 24 | — | 24.8% |
| Q4 25 | 4.97× | 1.01× | ||
| Q3 25 | 0.73× | 5.49× | ||
| Q2 25 | 8.04× | 3.30× | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 4.23× | — | ||
| Q3 24 | 0.67× | 2.02× | ||
| Q2 24 | 6.63× | 3.00× | ||
| Q1 24 | 0.80× | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ED
| Electricity | $2.9B | 73% |
| Oil And Gas Purchased | $923.0M | 23% |
| Steam Plant | $189.0M | 5% |
| Con Edison Transmission | $1.0M | 0% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
