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Side-by-side financial comparison of MARKEL GROUP INC. (MKL) and Ovintiv Inc. (OVV). Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $2.1B, roughly 1.7× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 16.1%, a 29.9% gap on every dollar of revenue. On growth, Ovintiv Inc. posted the faster year-over-year revenue change (-6.0% vs -6.9%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $489.0M). Over the past eight quarters, Ovintiv Inc.'s revenue compounded faster (-7.2% CAGR vs -10.5%).
MARKEL GROUP INC.MKLEarnings & Financial Report
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
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.
MKL vs OVV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $2.1B |
| Net Profit | $576.8M | $946.0M |
| Gross Margin | — | — |
| Operating Margin | 22.2% | 21.2% |
| Net Margin | 16.1% | 46.1% |
| Revenue YoY | -6.9% | -6.0% |
| Net Profit YoY | 5.0% | 1676.7% |
| EPS (diluted) | $48.22 | $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 | $3.6B | $2.1B | ||
| Q3 25 | $3.9B | $2.0B | ||
| Q2 25 | $4.6B | $2.2B | ||
| Q1 25 | $3.4B | $2.4B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $4.6B | $2.2B | ||
| Q2 24 | $3.7B | $2.2B | ||
| Q1 24 | $4.5B | $2.4B |
| Q4 25 | $576.8M | $946.0M | ||
| Q3 25 | $751.3M | $148.0M | ||
| Q2 25 | $657.1M | $307.0M | ||
| Q1 25 | $121.7M | $-159.0M | ||
| Q4 24 | $549.2M | $-60.0M | ||
| Q3 24 | $905.0M | $507.0M | ||
| Q2 24 | $267.7M | $340.0M | ||
| Q1 24 | $1.0B | $338.0M |
| Q4 25 | 22.2% | 21.2% | ||
| Q3 25 | 25.7% | 13.5% | ||
| Q2 25 | 24.1% | 23.1% | ||
| Q1 25 | 8.3% | -3.7% | ||
| Q4 24 | 15.5% | 0.1% | ||
| Q3 24 | 29.7% | 24.2% | ||
| Q2 24 | 11.1% | 25.4% | ||
| Q1 24 | 29.9% | 20.7% |
| Q4 25 | 16.1% | 46.1% | ||
| Q3 25 | 19.1% | 7.3% | ||
| Q2 25 | 14.3% | 13.9% | ||
| Q1 25 | 3.6% | -6.7% | ||
| Q4 24 | 14.3% | -2.7% | ||
| Q3 24 | 19.6% | 23.3% | ||
| Q2 24 | 7.2% | 15.5% | ||
| Q1 24 | 23.0% | 14.2% |
| Q4 25 | $48.22 | $3.64 | ||
| Q3 25 | $59.25 | $0.57 | ||
| Q2 25 | $49.67 | $1.18 | ||
| Q1 25 | $12.08 | $-0.61 | ||
| Q4 24 | $39.02 | $-0.22 | ||
| Q3 24 | $66.25 | $1.92 | ||
| Q2 24 | $18.62 | $1.27 | ||
| Q1 24 | $75.43 | $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 | $4.0B | $280.0M |
| Total DebtLower is stronger | $4.3B | $5.2B |
| Stockholders' EquityBook value | $18.6B | $11.2B |
| Total Assets | $68.9B | $20.4B |
| Debt / EquityLower = less leverage | 0.23× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0B | $280.0M | ||
| Q3 25 | $4.0B | $25.0M | ||
| Q2 25 | $3.7B | $20.0M | ||
| Q1 25 | $4.2B | $8.0M | ||
| Q4 24 | $3.7B | $42.0M | ||
| Q3 24 | $3.9B | $9.0M | ||
| Q2 24 | $3.5B | $8.0M | ||
| Q1 24 | $3.6B | $5.0M |
| Q4 25 | $4.3B | $5.2B | ||
| Q3 25 | $4.3B | $5.2B | ||
| Q2 25 | $4.4B | $5.3B | ||
| Q1 25 | $4.4B | $5.5B | ||
| Q4 24 | $4.3B | $5.5B | ||
| Q3 24 | $4.4B | $5.9B | ||
| Q2 24 | $4.4B | $6.1B | ||
| Q1 24 | $3.9B | $6.2B |
| Q4 25 | $18.6B | $11.2B | ||
| Q3 25 | $18.0B | $10.2B | ||
| Q2 25 | $17.3B | $10.4B | ||
| Q1 25 | $17.1B | $10.1B | ||
| Q4 24 | $16.9B | $10.3B | ||
| Q3 24 | $17.0B | $10.7B | ||
| Q2 24 | $15.9B | $10.3B | ||
| Q1 24 | $15.7B | $10.3B |
| Q4 25 | $68.9B | $20.4B | ||
| Q3 25 | $67.4B | $19.4B | ||
| Q2 25 | $66.8B | $19.7B | ||
| Q1 25 | $64.6B | $19.6B | ||
| Q4 24 | $61.9B | $19.3B | ||
| Q3 24 | $62.3B | $19.9B | ||
| Q2 24 | $59.7B | $19.8B | ||
| Q1 24 | $57.3B | $19.8B |
| Q4 25 | 0.23× | 0.46× | ||
| Q3 25 | 0.24× | 0.51× | ||
| Q2 25 | 0.25× | 0.51× | ||
| Q1 25 | 0.26× | 0.55× | ||
| Q4 24 | 0.26× | 0.53× | ||
| Q3 24 | 0.26× | 0.55× | ||
| Q2 24 | 0.28× | 0.59× | ||
| Q1 24 | 0.25× | 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 | $662.2M | $954.0M |
| Free Cash FlowOCF − Capex | $599.1M | $489.0M |
| FCF MarginFCF / Revenue | 16.7% | 23.8% |
| Capex IntensityCapex / Revenue | 1.8% | 22.6% |
| Cash ConversionOCF / Net Profit | 1.15× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $662.2M | $954.0M | ||
| Q3 25 | $1.2B | $812.0M | ||
| Q2 25 | $504.4M | $1.0B | ||
| Q1 25 | $376.2M | $873.0M | ||
| Q4 24 | $493.9M | $1.0B | ||
| Q3 24 | $890.8M | $1.0B | ||
| Q2 24 | $578.6M | $1.0B | ||
| Q1 24 | $630.7M | $659.0M |
| Q4 25 | $599.1M | $489.0M | ||
| Q3 25 | $1.2B | $268.0M | ||
| Q2 25 | $453.8M | $492.0M | ||
| Q1 25 | $335.5M | $256.0M | ||
| Q4 24 | $420.0M | $468.0M | ||
| Q3 24 | $838.9M | $484.0M | ||
| Q2 24 | $521.4M | $398.0M | ||
| Q1 24 | $558.7M | $68.0M |
| Q4 25 | 16.7% | 23.8% | ||
| Q3 25 | 29.6% | 13.3% | ||
| Q2 25 | 9.9% | 22.2% | ||
| Q1 25 | 9.9% | 10.8% | ||
| Q4 24 | 10.9% | 21.4% | ||
| Q3 24 | 18.2% | 22.2% | ||
| Q2 24 | 14.1% | 18.1% | ||
| Q1 24 | 12.5% | 2.8% |
| Q4 25 | 1.8% | 22.6% | ||
| Q3 25 | 1.3% | 26.9% | ||
| Q2 25 | 1.1% | 23.5% | ||
| Q1 25 | 1.2% | 26.0% | ||
| Q4 24 | 1.9% | 25.3% | ||
| Q3 24 | 1.1% | 24.7% | ||
| Q2 24 | 1.5% | 28.4% | ||
| Q1 24 | 1.6% | 24.8% |
| Q4 25 | 1.15× | 1.01× | ||
| Q3 25 | 1.62× | 5.49× | ||
| Q2 25 | 0.77× | 3.30× | ||
| Q1 25 | 3.09× | — | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 0.98× | 2.02× | ||
| Q2 24 | 2.16× | 3.00× | ||
| Q1 24 | 0.62× | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
