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Side-by-side financial comparison of Kyndryl Holdings, Inc. (KD) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
Kyndryl Holdings, Inc. is the larger business by last-quarter revenue ($3.8B vs $2.5B, roughly 1.5× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 49.1% vs 0.5%, a 48.6% gap on every dollar of revenue. On growth, Ovintiv Inc. posted the faster year-over-year revenue change (6.5% vs 0.0%). Over the past eight quarters, Ovintiv Inc.'s revenue compounded faster (7.5% CAGR vs 0.4%).
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
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.
KD vs OVV — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $2.5B |
| Net Profit | $17.0M | $1.2B |
| Gross Margin | — | — |
| Operating Margin | 3.5% | -29.8% |
| Net Margin | 0.5% | 49.1% |
| Revenue YoY | 0.0% | 6.5% |
| Net Profit YoY | -75.0% | — |
| EPS (diluted) | $0.08 | $4.78 |
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 | $3.8B | $2.5B | ||
| Q4 25 | $3.9B | $2.1B | ||
| Q3 25 | $3.7B | $2.0B | ||
| Q2 25 | $3.7B | $2.2B | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $3.7B | $2.2B | ||
| Q3 24 | $3.8B | $2.2B | ||
| Q2 24 | $3.7B | $2.2B |
| Q1 26 | $17.0M | $1.2B | ||
| Q4 25 | $57.0M | $946.0M | ||
| Q3 25 | $68.0M | $148.0M | ||
| Q2 25 | $56.0M | $307.0M | ||
| Q1 25 | $69.0M | $-159.0M | ||
| Q4 24 | $215.0M | $-60.0M | ||
| Q3 24 | $-43.0M | $507.0M | ||
| Q2 24 | $11.0M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 21.5% | — |
| Q1 26 | 3.5% | -29.8% | ||
| Q4 25 | 2.4% | 21.2% | ||
| Q3 25 | 2.6% | 13.5% | ||
| Q2 25 | 2.5% | 23.1% | ||
| Q1 25 | 3.1% | -3.7% | ||
| Q4 24 | 6.9% | 0.1% | ||
| Q3 24 | -0.1% | 24.2% | ||
| Q2 24 | 1.7% | 25.4% |
| Q1 26 | 0.5% | 49.1% | ||
| Q4 25 | 1.5% | 46.1% | ||
| Q3 25 | 1.8% | 7.3% | ||
| Q2 25 | 1.5% | 13.9% | ||
| Q1 25 | 1.8% | -6.7% | ||
| Q4 24 | 5.7% | -2.7% | ||
| Q3 24 | -1.1% | 23.3% | ||
| Q2 24 | 0.3% | 15.5% |
| Q1 26 | $0.08 | $4.78 | ||
| Q4 25 | $0.25 | $3.64 | ||
| Q3 25 | $0.29 | $0.57 | ||
| Q2 25 | $0.23 | $1.18 | ||
| Q1 25 | $0.30 | $-0.61 | ||
| Q4 24 | $0.89 | $-0.22 | ||
| Q3 24 | $-0.19 | $1.92 | ||
| Q2 24 | $0.05 | $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 | $2.6B | $26.0K |
| Total DebtLower is stronger | — | $6.4M |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | $10.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.6B | $26.0K | ||
| Q4 25 | $1.3B | $280.0M | ||
| Q3 25 | $1.3B | $25.0M | ||
| Q2 25 | $1.5B | $20.0M | ||
| Q1 25 | $1.8B | $8.0M | ||
| Q4 24 | $1.5B | $42.0M | ||
| Q3 24 | $1.3B | $9.0M | ||
| Q2 24 | $1.3B | $8.0M |
| Q1 26 | — | $6.4M | ||
| Q4 25 | $2.3B | $5.2B | ||
| Q3 25 | $3.0B | $5.2B | ||
| Q2 25 | $3.0B | $5.3B | ||
| Q1 25 | $3.0B | $5.5B | ||
| Q4 24 | $3.1B | $5.5B | ||
| Q3 24 | $3.1B | $5.9B | ||
| Q2 24 | $3.1B | $6.1B |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $11.2B | ||
| Q3 25 | $1.2B | $10.2B | ||
| Q2 25 | $1.2B | $10.4B | ||
| Q1 25 | $1.2B | $10.1B | ||
| Q4 24 | $1.1B | $10.3B | ||
| Q3 24 | $1.1B | $10.7B | ||
| Q2 24 | $996.0M | $10.3B |
| Q1 26 | — | $10.7M | ||
| Q4 25 | $11.3B | $20.4B | ||
| Q3 25 | $11.2B | $19.4B | ||
| Q2 25 | $11.5B | $19.7B | ||
| Q1 25 | $10.5B | $19.6B | ||
| Q4 24 | $9.9B | $19.3B | ||
| Q3 24 | $10.4B | $19.9B | ||
| Q2 24 | $10.2B | $19.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.92× | 0.46× | ||
| Q3 25 | 2.45× | 0.51× | ||
| Q2 25 | 2.44× | 0.51× | ||
| Q1 25 | 2.50× | 0.55× | ||
| Q4 24 | 2.81× | 0.53× | ||
| Q3 24 | 2.92× | 0.55× | ||
| Q2 24 | 3.12× | 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 | $948.0M | — |
| Free Cash FlowOCF − Capex | $2.0B | — |
| FCF MarginFCF / Revenue | 53.8% | — |
| Capex IntensityCapex / Revenue | 16.1% | 22.6% |
| Cash ConversionOCF / Net Profit | 55.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $948.0M | — | ||
| Q4 25 | $428.0M | $954.0M | ||
| Q3 25 | $146.0M | $812.0M | ||
| Q2 25 | $-124.0M | $1.0B | ||
| Q1 25 | $581.0M | $873.0M | ||
| Q4 24 | $260.0M | $1.0B | ||
| Q3 24 | $149.0M | $1.0B | ||
| Q2 24 | $-48.0M | $1.0B |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $208.0M | $489.0M | ||
| Q3 25 | $17.0M | $268.0M | ||
| Q2 25 | $-267.0M | $492.0M | ||
| Q1 25 | $341.0M | $256.0M | ||
| Q4 24 | $151.0M | $468.0M | ||
| Q3 24 | $15.0M | $484.0M | ||
| Q2 24 | $-170.0M | $398.0M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 5.4% | 23.8% | ||
| Q3 25 | 0.5% | 13.3% | ||
| Q2 25 | -7.1% | 22.2% | ||
| Q1 25 | 9.0% | 10.8% | ||
| Q4 24 | 4.0% | 21.4% | ||
| Q3 24 | 0.4% | 22.2% | ||
| Q2 24 | -4.5% | 18.1% |
| Q1 26 | 16.1% | 22.6% | ||
| Q4 25 | 5.7% | 22.6% | ||
| Q3 25 | 3.5% | 26.9% | ||
| Q2 25 | 3.8% | 23.5% | ||
| Q1 25 | 6.3% | 26.0% | ||
| Q4 24 | 2.9% | 25.3% | ||
| Q3 24 | 3.6% | 24.7% | ||
| Q2 24 | 3.3% | 28.4% |
| Q1 26 | 55.76× | — | ||
| Q4 25 | 7.51× | 1.01× | ||
| Q3 25 | 2.15× | 5.49× | ||
| Q2 25 | -2.21× | 3.30× | ||
| Q1 25 | 8.42× | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | — | 2.02× | ||
| Q2 24 | -4.36× | 3.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KD
| Principal Markets | $1.3B | 34% |
| United States | $1.0B | 27% |
| Strategic Markets | $916.0M | 24% |
| Japan | $556.0M | 15% |
OVV
| Product and service revenues | $2.2B | 88% |
| Sales of purchased product | $356.0M | 14% |
| Sublease revenues | $18.0M | 1% |
