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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) and PENN Entertainment, Inc. (PENN). Click either name above to swap in a different company.

OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.8B, roughly 1.3× PENN Entertainment, Inc.). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs -0.2%, a 13.9% gap on every dollar of revenue. On growth, OLD REPUBLIC INTERNATIONAL CORP posted the faster year-over-year revenue change (6.7% vs 6.4%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs 3.4%).

Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.

Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming.

ORI vs PENN — Head-to-Head

Bigger by revenue
ORI
ORI
1.3× larger
ORI
$2.4B
$1.8B
PENN
Growing faster (revenue YoY)
ORI
ORI
+0.4% gap
ORI
6.7%
6.4%
PENN
Higher net margin
ORI
ORI
13.9% more per $
ORI
13.8%
-0.2%
PENN
Faster 2-yr revenue CAGR
ORI
ORI
Annualised
ORI
13.2%
3.4%
PENN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ORI
ORI
PENN
PENN
Revenue
$2.4B
$1.8B
Net Profit
$330.0M
$-2.8M
Gross Margin
Operating Margin
5.5%
Net Margin
13.8%
-0.2%
Revenue YoY
6.7%
6.4%
Net Profit YoY
34.7%
66.7%
EPS (diluted)
$-0.02

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
ORI
ORI
PENN
PENN
Q1 26
$2.4B
$1.8B
Q4 25
$2.4B
$1.8B
Q3 25
$2.4B
$1.7B
Q2 25
$2.2B
$1.8B
Q1 25
$2.1B
$1.7B
Q4 24
$2.0B
$1.7B
Q3 24
$2.3B
$1.6B
Q2 24
$1.9B
$1.7B
Net Profit
ORI
ORI
PENN
PENN
Q1 26
$330.0M
$-2.8M
Q4 25
$206.5M
$-72.9M
Q3 25
$279.5M
$-864.6M
Q2 25
$204.4M
$-17.4M
Q1 25
$245.0M
$111.8M
Q4 24
$105.3M
$-133.3M
Q3 24
$338.9M
$-36.7M
Q2 24
$91.8M
$-26.8M
Operating Margin
ORI
ORI
PENN
PENN
Q1 26
5.5%
Q4 25
-1.0%
Q3 25
14.6%
-45.2%
Q2 25
11.8%
4.4%
Q1 25
14.6%
2.6%
Q4 24
-2.9%
Q3 24
18.2%
4.1%
Q2 24
6.1%
4.5%
Net Margin
ORI
ORI
PENN
PENN
Q1 26
13.8%
-0.2%
Q4 25
8.6%
-4.0%
Q3 25
11.5%
-50.3%
Q2 25
9.3%
-1.0%
Q1 25
11.6%
6.7%
Q4 24
5.3%
-8.0%
Q3 24
14.5%
-2.2%
Q2 24
4.9%
-1.6%
EPS (diluted)
ORI
ORI
PENN
PENN
Q1 26
$-0.02
Q4 25
$0.82
$-0.36
Q3 25
$1.11
$-6.03
Q2 25
$0.81
$-0.12
Q1 25
$0.98
$0.68
Q4 24
$0.42
$-0.87
Q3 24
$1.32
$-0.24
Q2 24
$0.35
$-0.18

Balance Sheet & Financial Strength

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

Metric
ORI
ORI
PENN
PENN
Cash + ST InvestmentsLiquidity on hand
$708.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9M
Total Assets
$29.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORI
ORI
PENN
PENN
Q1 26
$708.0M
Q4 25
$686.6M
Q3 25
$660.1M
Q2 25
$671.6M
Q1 25
$591.6M
Q4 24
$706.6M
Q3 24
$834.0M
Q2 24
$877.6M
Total Debt
ORI
ORI
PENN
PENN
Q1 26
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.8B
Q1 25
$2.6B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$2.8B
Stockholders' Equity
ORI
ORI
PENN
PENN
Q1 26
$5.9M
Q4 25
$5.9B
$1.8B
Q3 25
$6.4B
$2.0B
Q2 25
$6.2B
$3.0B
Q1 25
$5.9B
$3.0B
Q4 24
$5.6B
$2.9B
Q3 24
$6.4B
$3.1B
Q2 24
$6.0B
$3.1B
Total Assets
ORI
ORI
PENN
PENN
Q1 26
$29.6M
Q4 25
$29.9B
$14.3B
Q3 25
$30.3B
$14.3B
Q2 25
$29.3B
$15.2B
Q1 25
$28.0B
$15.1B
Q4 24
$27.8B
$15.3B
Q3 24
$28.8B
$15.5B
Q2 24
$27.5B
$15.5B
Debt / Equity
ORI
ORI
PENN
PENN
Q1 26
Q4 25
1.58×
Q3 25
1.46×
Q2 25
0.94×
Q1 25
0.89×
Q4 24
0.98×
Q3 24
0.91×
Q2 24
0.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORI
ORI

operating$2.2B92%
Other$201.8M8%

PENN
PENN

Northeast segment (1)$687.1M39%
Interactive (5)$290.1M16%
South segment (2)$288.3M16%
Midwest segment (4)$282.9M16%
West segment (3)$129.7M7%
Other$101.0M6%

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