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Side-by-side financial comparison of GAP INC (GAP) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.

GAP INC is the larger business by last-quarter revenue ($3.9B vs $2.1B, roughly 1.9× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 6.0%, a 40.1% gap on every dollar of revenue. On growth, GAP INC posted the faster year-over-year revenue change (3.0% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $153.0M). Over the past eight quarters, GAP INC's revenue compounded faster (-4.2% CAGR vs -7.2%).

The Gap, Inc., commonly known as Gap Inc., is an American multinational clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: the namesake Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is one of the largest apparel retailers in the United States, and is third in total international locations, behind Inditex Group and H&M. As of early 2023, Gap emplo...

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.

GAP vs OVV — Head-to-Head

Bigger by revenue
GAP
GAP
1.9× larger
GAP
$3.9B
$2.1B
OVV
Growing faster (revenue YoY)
GAP
GAP
+8.9% gap
GAP
3.0%
-6.0%
OVV
Higher net margin
OVV
OVV
40.1% more per $
OVV
46.1%
6.0%
GAP
More free cash flow
OVV
OVV
$336.0M more FCF
OVV
$489.0M
$153.0M
GAP
Faster 2-yr revenue CAGR
GAP
GAP
Annualised
GAP
-4.2%
-7.2%
OVV

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
GAP
GAP
OVV
OVV
Revenue
$3.9B
$2.1B
Net Profit
$236.0M
$946.0M
Gross Margin
42.4%
Operating Margin
8.5%
21.2%
Net Margin
6.0%
46.1%
Revenue YoY
3.0%
-6.0%
Net Profit YoY
-13.9%
1676.7%
EPS (diluted)
$0.62
$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.

Revenue
GAP
GAP
OVV
OVV
Q4 25
$3.9B
$2.1B
Q3 25
$3.7B
$2.0B
Q2 25
$3.5B
$2.2B
Q1 25
$4.1B
$2.4B
Q4 24
$3.8B
$2.2B
Q3 24
$3.7B
$2.2B
Q2 24
$3.4B
$2.2B
Q1 24
$4.3B
$2.4B
Net Profit
GAP
GAP
OVV
OVV
Q4 25
$236.0M
$946.0M
Q3 25
$216.0M
$148.0M
Q2 25
$193.0M
$307.0M
Q1 25
$206.0M
$-159.0M
Q4 24
$274.0M
$-60.0M
Q3 24
$206.0M
$507.0M
Q2 24
$158.0M
$340.0M
Q1 24
$185.0M
$338.0M
Gross Margin
GAP
GAP
OVV
OVV
Q4 25
42.4%
Q3 25
41.2%
Q2 25
41.8%
Q1 25
38.9%
Q4 24
42.7%
Q3 24
42.6%
Q2 24
41.2%
Q1 24
38.9%
Operating Margin
GAP
GAP
OVV
OVV
Q4 25
8.5%
21.2%
Q3 25
7.8%
13.5%
Q2 25
7.5%
23.1%
Q1 25
6.2%
-3.7%
Q4 24
9.3%
0.1%
Q3 24
7.9%
24.2%
Q2 24
6.1%
25.4%
Q1 24
5.0%
20.7%
Net Margin
GAP
GAP
OVV
OVV
Q4 25
6.0%
46.1%
Q3 25
5.8%
7.3%
Q2 25
5.6%
13.9%
Q1 25
5.0%
-6.7%
Q4 24
7.2%
-2.7%
Q3 24
5.5%
23.3%
Q2 24
4.7%
15.5%
Q1 24
4.3%
14.2%
EPS (diluted)
GAP
GAP
OVV
OVV
Q4 25
$0.62
$3.64
Q3 25
$0.57
$0.57
Q2 25
$0.51
$1.18
Q1 25
$0.53
$-0.61
Q4 24
$0.72
$-0.22
Q3 24
$0.54
$1.92
Q2 24
$0.41
$1.27
Q1 24
$0.49
$1.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GAP
GAP
OVV
OVV
Cash + ST InvestmentsLiquidity on hand
$2.5B
$280.0M
Total DebtLower is stronger
$5.2B
Stockholders' EquityBook value
$3.6B
$11.2B
Total Assets
$12.4B
$20.4B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAP
GAP
OVV
OVV
Q4 25
$2.5B
$280.0M
Q3 25
$2.4B
$25.0M
Q2 25
$2.2B
$20.0M
Q1 25
$2.6B
$8.0M
Q4 24
$2.2B
$42.0M
Q3 24
$2.1B
$9.0M
Q2 24
$1.7B
$8.0M
Q1 24
$1.9B
$5.0M
Total Debt
GAP
GAP
OVV
OVV
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 24
$6.2B
Stockholders' Equity
GAP
GAP
OVV
OVV
Q4 25
$3.6B
$11.2B
Q3 25
$3.4B
$10.2B
Q2 25
$3.3B
$10.4B
Q1 25
$3.3B
$10.1B
Q4 24
$3.1B
$10.3B
Q3 24
$2.9B
$10.7B
Q2 24
$2.7B
$10.3B
Q1 24
$2.6B
$10.3B
Total Assets
GAP
GAP
OVV
OVV
Q4 25
$12.4B
$20.4B
Q3 25
$12.1B
$19.4B
Q2 25
$11.6B
$19.7B
Q1 25
$11.9B
$19.6B
Q4 24
$11.9B
$19.3B
Q3 24
$11.5B
$19.9B
Q2 24
$10.9B
$19.8B
Q1 24
$11.0B
$19.8B
Debt / Equity
GAP
GAP
OVV
OVV
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×
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
GAP
GAP
OVV
OVV
Operating Cash FlowLast quarter
$299.0M
$954.0M
Free Cash FlowOCF − Capex
$153.0M
$489.0M
FCF MarginFCF / Revenue
3.9%
23.8%
Capex IntensityCapex / Revenue
3.7%
22.6%
Cash ConversionOCF / Net Profit
1.27×
1.01×
TTM Free Cash FlowTrailing 4 quarters
$779.0M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAP
GAP
OVV
OVV
Q4 25
$299.0M
$954.0M
Q3 25
$448.0M
$812.0M
Q2 25
$-140.0M
$1.0B
Q1 25
$616.0M
$873.0M
Q4 24
$291.0M
$1.0B
Q3 24
$549.0M
$1.0B
Q2 24
$30.0M
$1.0B
Q1 24
$700.0M
$659.0M
Free Cash Flow
GAP
GAP
OVV
OVV
Q4 25
$153.0M
$489.0M
Q3 25
$350.0M
$268.0M
Q2 25
$-223.0M
$492.0M
Q1 25
$499.0M
$256.0M
Q4 24
$143.0M
$468.0M
Q3 24
$460.0M
$484.0M
Q2 24
$-63.0M
$398.0M
Q1 24
$568.0M
$68.0M
FCF Margin
GAP
GAP
OVV
OVV
Q4 25
3.9%
23.8%
Q3 25
9.4%
13.3%
Q2 25
-6.4%
22.2%
Q1 25
12.0%
10.8%
Q4 24
3.7%
21.4%
Q3 24
12.4%
22.2%
Q2 24
-1.9%
18.1%
Q1 24
13.2%
2.8%
Capex Intensity
GAP
GAP
OVV
OVV
Q4 25
3.7%
22.6%
Q3 25
2.6%
26.9%
Q2 25
2.4%
23.5%
Q1 25
2.8%
26.0%
Q4 24
3.9%
25.3%
Q3 24
2.4%
24.7%
Q2 24
2.7%
28.4%
Q1 24
3.1%
24.8%
Cash Conversion
GAP
GAP
OVV
OVV
Q4 25
1.27×
1.01×
Q3 25
2.07×
5.49×
Q2 25
-0.73×
3.30×
Q1 25
2.99×
Q4 24
1.06×
Q3 24
2.67×
2.02×
Q2 24
0.19×
3.00×
Q1 24
3.78×
1.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GAP
GAP

Other$2.2B55%
Online Sales$1.6B40%
CA$191.0M5%
Other Regions$13.0M0%

OVV
OVV

Product And Service Revenue$1.7B84%
Sales Of Purchased Product$338.0M16%

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