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Side-by-side financial comparison of Microchip Technology (MCHP) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.7× Microchip Technology). Ovintiv Inc. runs the higher net margin — 46.1% vs 5.3%, a 40.8% gap on every dollar of revenue. On growth, Microchip Technology posted the faster year-over-year revenue change (15.6% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $318.9M). Over the past eight quarters, Microchip Technology's revenue compounded faster (-5.4% CAGR vs -7.2%).
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
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.
MCHP vs OVV — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $2.1B |
| Net Profit | $62.7M | $946.0M |
| Gross Margin | 59.6% | — |
| Operating Margin | 12.8% | 21.2% |
| Net Margin | 5.3% | 46.1% |
| Revenue YoY | 15.6% | -6.0% |
| Net Profit YoY | 217.0% | 1676.7% |
| EPS (diluted) | $0.06 | $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 | $1.2B | $2.1B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $970.5M | $2.4B | ||
| Q4 24 | $1.0B | $2.2B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.2B | $2.2B | ||
| Q1 24 | $1.3B | $2.4B |
| Q4 25 | $62.7M | $946.0M | ||
| Q3 25 | $41.7M | $148.0M | ||
| Q2 25 | $-18.6M | $307.0M | ||
| Q1 25 | $-154.6M | $-159.0M | ||
| Q4 24 | $-53.6M | $-60.0M | ||
| Q3 24 | $78.4M | $507.0M | ||
| Q2 24 | $129.3M | $340.0M | ||
| Q1 24 | $154.7M | $338.0M |
| Q4 25 | 59.6% | — | ||
| Q3 25 | 55.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 51.6% | — | ||
| Q4 24 | 54.7% | — | ||
| Q3 24 | 57.4% | — | ||
| Q2 24 | 59.4% | — | ||
| Q1 24 | 59.6% | — |
| Q4 25 | 12.8% | 21.2% | ||
| Q3 25 | 7.8% | 13.5% | ||
| Q2 25 | 3.0% | 23.1% | ||
| Q1 25 | -10.3% | -3.7% | ||
| Q4 24 | 3.0% | 0.1% | ||
| Q3 24 | 12.6% | 24.2% | ||
| Q2 24 | 17.7% | 25.4% | ||
| Q1 24 | 19.1% | 20.7% |
| Q4 25 | 5.3% | 46.1% | ||
| Q3 25 | 3.7% | 7.3% | ||
| Q2 25 | -1.7% | 13.9% | ||
| Q1 25 | -15.9% | -6.7% | ||
| Q4 24 | -5.2% | -2.7% | ||
| Q3 24 | 6.7% | 23.3% | ||
| Q2 24 | 10.4% | 15.5% | ||
| Q1 24 | 11.7% | 14.2% |
| Q4 25 | $0.06 | $3.64 | ||
| Q3 25 | $0.03 | $0.57 | ||
| Q2 25 | $-0.09 | $1.18 | ||
| Q1 25 | $-0.29 | $-0.61 | ||
| Q4 24 | $-0.10 | $-0.22 | ||
| Q3 24 | $0.14 | $1.92 | ||
| Q2 24 | $0.24 | $1.27 | ||
| Q1 24 | $0.29 | $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 | $250.7M | $280.0M |
| Total DebtLower is stronger | $5.4B | $5.2B |
| Stockholders' EquityBook value | $6.6B | $11.2B |
| Total Assets | $14.3B | $20.4B |
| Debt / EquityLower = less leverage | 0.82× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.7M | $280.0M | ||
| Q3 25 | $236.8M | $25.0M | ||
| Q2 25 | $566.5M | $20.0M | ||
| Q1 25 | $771.7M | $8.0M | ||
| Q4 24 | $586.0M | $42.0M | ||
| Q3 24 | $286.1M | $9.0M | ||
| Q2 24 | $315.1M | $8.0M | ||
| Q1 24 | $319.7M | $5.0M |
| Q4 25 | $5.4B | $5.2B | ||
| Q3 25 | $5.4B | $5.2B | ||
| Q2 25 | $5.5B | $5.3B | ||
| Q1 25 | $5.6B | $5.5B | ||
| Q4 24 | $6.7B | $5.5B | ||
| Q3 24 | $6.4B | $5.9B | ||
| Q2 24 | $6.2B | $6.1B | ||
| Q1 24 | $6.0B | $6.2B |
| Q4 25 | $6.6B | $11.2B | ||
| Q3 25 | $6.7B | $10.2B | ||
| Q2 25 | $6.9B | $10.4B | ||
| Q1 25 | $7.1B | $10.1B | ||
| Q4 24 | $6.0B | $10.3B | ||
| Q3 24 | $6.3B | $10.7B | ||
| Q2 24 | $6.4B | $10.3B | ||
| Q1 24 | $6.7B | $10.3B |
| Q4 25 | $14.3B | $20.4B | ||
| Q3 25 | $14.5B | $19.4B | ||
| Q2 25 | $15.0B | $19.7B | ||
| Q1 25 | $15.4B | $19.6B | ||
| Q4 24 | $15.6B | $19.3B | ||
| Q3 24 | $15.6B | $19.9B | ||
| Q2 24 | $15.8B | $19.8B | ||
| Q1 24 | $15.9B | $19.8B |
| Q4 25 | 0.82× | 0.46× | ||
| Q3 25 | 0.80× | 0.51× | ||
| Q2 25 | 0.80× | 0.51× | ||
| Q1 25 | 0.80× | 0.55× | ||
| Q4 24 | 1.12× | 0.53× | ||
| Q3 24 | 1.02× | 0.55× | ||
| Q2 24 | 0.96× | 0.59× | ||
| Q1 24 | 0.90× | 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 | $341.4M | $954.0M |
| Free Cash FlowOCF − Capex | $318.9M | $489.0M |
| FCF MarginFCF / Revenue | 26.9% | 23.8% |
| Capex IntensityCapex / Revenue | 1.9% | 22.6% |
| Cash ConversionOCF / Net Profit | 5.44× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | $819.9M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $341.4M | $954.0M | ||
| Q3 25 | $88.1M | $812.0M | ||
| Q2 25 | $275.6M | $1.0B | ||
| Q1 25 | $205.9M | $873.0M | ||
| Q4 24 | $271.5M | $1.0B | ||
| Q3 24 | $43.6M | $1.0B | ||
| Q2 24 | $377.1M | $1.0B | ||
| Q1 24 | $430.0M | $659.0M |
| Q4 25 | $318.9M | $489.0M | ||
| Q3 25 | $51.6M | $268.0M | ||
| Q2 25 | $257.7M | $492.0M | ||
| Q1 25 | $191.7M | $256.0M | ||
| Q4 24 | $253.4M | $468.0M | ||
| Q3 24 | $22.8M | $484.0M | ||
| Q2 24 | $304.2M | $398.0M | ||
| Q1 24 | $389.9M | $68.0M |
| Q4 25 | 26.9% | 23.8% | ||
| Q3 25 | 4.5% | 13.3% | ||
| Q2 25 | 24.0% | 22.2% | ||
| Q1 25 | 19.8% | 10.8% | ||
| Q4 24 | 24.7% | 21.4% | ||
| Q3 24 | 2.0% | 22.2% | ||
| Q2 24 | 24.5% | 18.1% | ||
| Q1 24 | 29.4% | 2.8% |
| Q4 25 | 1.9% | 22.6% | ||
| Q3 25 | 3.2% | 26.9% | ||
| Q2 25 | 1.7% | 23.5% | ||
| Q1 25 | 1.5% | 26.0% | ||
| Q4 24 | 1.8% | 25.3% | ||
| Q3 24 | 1.8% | 24.7% | ||
| Q2 24 | 5.9% | 28.4% | ||
| Q1 24 | 3.0% | 24.8% |
| Q4 25 | 5.44× | 1.01× | ||
| Q3 25 | 2.11× | 5.49× | ||
| Q2 25 | — | 3.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | 2.02× | ||
| Q2 24 | 2.92× | 3.00× | ||
| Q1 24 | 2.78× | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
