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Side-by-side financial comparison of FirstEnergy (FE) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
FirstEnergy is the larger business by last-quarter revenue ($3.8B vs $2.1B, roughly 1.8× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs -1.3%, a 47.3% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $-30.0M). Over the past eight quarters, FirstEnergy's revenue compounded faster (7.5% CAGR vs -7.2%).
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
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.
FE vs OVV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $2.1B |
| Net Profit | $-49.0M | $946.0M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | 21.2% |
| Net Margin | -1.3% | 46.1% |
| Revenue YoY | 19.6% | -6.0% |
| Net Profit YoY | -118.8% | 1676.7% |
| EPS (diluted) | $-0.08 | $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 | $3.8B | $2.1B | ||
| Q3 25 | $4.1B | $2.0B | ||
| Q2 25 | $3.4B | $2.2B | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $3.2B | $2.2B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $3.3B | $2.2B | ||
| Q1 24 | $3.3B | $2.4B |
| Q4 25 | $-49.0M | $946.0M | ||
| Q3 25 | $441.0M | $148.0M | ||
| Q2 25 | $268.0M | $307.0M | ||
| Q1 25 | $360.0M | $-159.0M | ||
| Q4 24 | $261.0M | $-60.0M | ||
| Q3 24 | $419.0M | $507.0M | ||
| Q2 24 | $45.0M | $340.0M | ||
| Q1 24 | $253.0M | $338.0M |
| Q4 25 | -0.6% | 21.2% | ||
| Q3 25 | 20.0% | 13.5% | ||
| Q2 25 | 19.1% | 23.1% | ||
| Q1 25 | 20.0% | -3.7% | ||
| Q4 24 | 19.3% | 0.1% | ||
| Q3 24 | 19.5% | 24.2% | ||
| Q2 24 | 12.9% | 25.4% | ||
| Q1 24 | 18.6% | 20.7% |
| Q4 25 | -1.3% | 46.1% | ||
| Q3 25 | 10.6% | 7.3% | ||
| Q2 25 | 7.9% | 13.9% | ||
| Q1 25 | 9.6% | -6.7% | ||
| Q4 24 | 8.2% | -2.7% | ||
| Q3 24 | 11.2% | 23.3% | ||
| Q2 24 | 1.4% | 15.5% | ||
| Q1 24 | 7.7% | 14.2% |
| Q4 25 | $-0.08 | $3.64 | ||
| Q3 25 | $0.76 | $0.57 | ||
| Q2 25 | $0.46 | $1.18 | ||
| Q1 25 | $0.62 | $-0.61 | ||
| Q4 24 | $0.45 | $-0.22 | ||
| Q3 24 | $0.73 | $1.92 | ||
| Q2 24 | $0.08 | $1.27 | ||
| Q1 24 | $0.44 | $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 | $57.0M | $280.0M |
| Total DebtLower is stronger | $25.5B | $5.2B |
| Stockholders' EquityBook value | $12.5B | $11.2B |
| Total Assets | $55.9B | $20.4B |
| Debt / EquityLower = less leverage | 2.04× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.0M | $280.0M | ||
| Q3 25 | $1.4B | $25.0M | ||
| Q2 25 | $569.0M | $20.0M | ||
| Q1 25 | $132.0M | $8.0M | ||
| Q4 24 | $111.0M | $42.0M | ||
| Q3 24 | $439.0M | $9.0M | ||
| Q2 24 | $60.0M | $8.0M | ||
| Q1 24 | $888.0M | $5.0M |
| Q4 25 | $25.5B | $5.2B | ||
| Q3 25 | $25.5B | $5.2B | ||
| Q2 25 | $23.7B | $5.3B | ||
| Q1 25 | $21.2B | $5.5B | ||
| Q4 24 | $22.5B | $5.5B | ||
| Q3 24 | $21.6B | $5.9B | ||
| Q2 24 | $20.8B | $6.1B | ||
| Q1 24 | $21.7B | $6.2B |
| Q4 25 | $12.5B | $11.2B | ||
| Q3 25 | $12.8B | $10.2B | ||
| Q2 25 | $12.9B | $10.4B | ||
| Q1 25 | $12.6B | $10.1B | ||
| Q4 24 | $12.5B | $10.3B | ||
| Q3 24 | $12.4B | $10.7B | ||
| Q2 24 | $12.5B | $10.3B | ||
| Q1 24 | $12.4B | $10.3B |
| Q4 25 | $55.9B | $20.4B | ||
| Q3 25 | $55.9B | $19.4B | ||
| Q2 25 | $54.2B | $19.7B | ||
| Q1 25 | $52.8B | $19.6B | ||
| Q4 24 | $52.0B | $19.3B | ||
| Q3 24 | $50.8B | $19.9B | ||
| Q2 24 | $51.0B | $19.8B | ||
| Q1 24 | $51.3B | $19.8B |
| Q4 25 | 2.04× | 0.46× | ||
| Q3 25 | 1.99× | 0.51× | ||
| Q2 25 | 1.85× | 0.51× | ||
| Q1 25 | 1.69× | 0.55× | ||
| Q4 24 | 1.81× | 0.53× | ||
| Q3 24 | 1.74× | 0.55× | ||
| Q2 24 | 1.67× | 0.59× | ||
| Q1 24 | 1.75× | 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 | $1.1B | $954.0M |
| Free Cash FlowOCF − Capex | $-30.0M | $489.0M |
| FCF MarginFCF / Revenue | -0.8% | 23.8% |
| Capex IntensityCapex / Revenue | 30.7% | 22.6% |
| Cash ConversionOCF / Net Profit | — | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.0B | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $954.0M | ||
| Q3 25 | $845.0M | $812.0M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $637.0M | $873.0M | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $775.0M | $1.0B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $-40.0M | $659.0M |
| Q4 25 | $-30.0M | $489.0M | ||
| Q3 25 | $-471.0M | $268.0M | ||
| Q2 25 | $-136.0M | $492.0M | ||
| Q1 25 | $-368.0M | $256.0M | ||
| Q4 24 | $-250.0M | $468.0M | ||
| Q3 24 | $-229.0M | $484.0M | ||
| Q2 24 | $170.0M | $398.0M | ||
| Q1 24 | $-830.0M | $68.0M |
| Q4 25 | -0.8% | 23.8% | ||
| Q3 25 | -11.4% | 13.3% | ||
| Q2 25 | -4.0% | 22.2% | ||
| Q1 25 | -9.8% | 10.8% | ||
| Q4 24 | -7.9% | 21.4% | ||
| Q3 24 | -6.1% | 22.2% | ||
| Q2 24 | 5.2% | 18.1% | ||
| Q1 24 | -25.3% | 2.8% |
| Q4 25 | 30.7% | 22.6% | ||
| Q3 25 | 31.7% | 26.9% | ||
| Q2 25 | 36.0% | 23.5% | ||
| Q1 25 | 26.7% | 26.0% | ||
| Q4 24 | 40.7% | 25.3% | ||
| Q3 24 | 26.9% | 24.7% | ||
| Q2 24 | 28.7% | 28.4% | ||
| Q1 24 | 24.0% | 24.8% |
| Q4 25 | — | 1.01× | ||
| Q3 25 | 1.92× | 5.49× | ||
| Q2 25 | 4.04× | 3.30× | ||
| Q1 25 | 1.77× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 1.85× | 2.02× | ||
| Q2 24 | 24.71× | 3.00× | ||
| Q1 24 | -0.16× | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
