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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.4B, roughly 1.3× OLD REPUBLIC INTERNATIONAL CORP). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 6.7%, a 7.1% gap on every dollar of revenue. On growth, OLD REPUBLIC INTERNATIONAL CORP posted the faster year-over-year revenue change (6.7% vs 6.1%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs -9.8%).

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

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

ORI vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.3× larger
TAP
$3.1B
$2.4B
ORI
Growing faster (revenue YoY)
ORI
ORI
+0.6% gap
ORI
6.7%
6.1%
TAP
Higher net margin
ORI
ORI
7.1% more per $
ORI
13.8%
6.7%
TAP
Faster 2-yr revenue CAGR
ORI
ORI
Annualised
ORI
13.2%
-9.8%
TAP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ORI
ORI
TAP
TAP
Revenue
$2.4B
$3.1B
Net Profit
$330.0M
$209.3M
Gross Margin
31.0%
Operating Margin
Net Margin
13.8%
6.7%
Revenue YoY
6.7%
6.1%
Net Profit YoY
-145.5%
-28.7%
EPS (diluted)
$1.22

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
TAP
TAP
Q1 26
$2.4B
$3.1B
Q4 25
$2.4B
$3.1B
Q3 25
$2.4B
$3.5B
Q2 25
$2.2B
$3.7B
Q1 25
$2.1B
$2.7B
Q4 24
$2.0B
$3.2B
Q3 24
$2.3B
$3.6B
Q2 24
$1.9B
$3.8B
Net Profit
ORI
ORI
TAP
TAP
Q1 26
$330.0M
$209.3M
Q4 25
$206.5M
$238.3M
Q3 25
$279.5M
$-2.9B
Q2 25
$204.4M
$428.7M
Q1 25
$245.0M
$121.0M
Q4 24
$105.3M
$287.8M
Q3 24
$338.9M
$199.8M
Q2 24
$91.8M
$427.0M
Gross Margin
ORI
ORI
TAP
TAP
Q1 26
31.0%
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Operating Margin
ORI
ORI
TAP
TAP
Q1 26
Q4 25
10.4%
Q3 25
14.6%
-98.5%
Q2 25
11.8%
15.6%
Q1 25
14.6%
6.9%
Q4 24
12.0%
Q3 24
18.2%
12.5%
Q2 24
6.1%
15.6%
Net Margin
ORI
ORI
TAP
TAP
Q1 26
13.8%
6.7%
Q4 25
8.6%
7.6%
Q3 25
11.5%
-84.0%
Q2 25
9.3%
11.5%
Q1 25
11.6%
4.5%
Q4 24
5.3%
8.9%
Q3 24
14.5%
5.5%
Q2 24
4.9%
11.1%
EPS (diluted)
ORI
ORI
TAP
TAP
Q1 26
$1.22
Q4 25
$0.82
$1.32
Q3 25
$1.11
$-14.79
Q2 25
$0.81
$2.13
Q1 25
$0.98
$0.59
Q4 24
$0.42
$1.39
Q3 24
$1.32
$0.96
Q2 24
$0.35
$2.03

Balance Sheet & Financial Strength

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

Metric
ORI
ORI
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$896.5M
Total DebtLower is stronger
$3.9B
Stockholders' EquityBook value
$5.9M
$10.4B
Total Assets
$29.6M
$22.7B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORI
ORI
TAP
TAP
Q1 26
$896.5M
Q4 25
$896.5M
Q3 25
$950.2M
Q2 25
$613.8M
Q1 25
$412.7M
Q4 24
$969.3M
Q3 24
$1.0B
Q2 24
$1.6B
Total Debt
ORI
ORI
TAP
TAP
Q1 26
$3.9B
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Stockholders' Equity
ORI
ORI
TAP
TAP
Q1 26
$5.9M
$10.4B
Q4 25
$5.9B
$10.2B
Q3 25
$6.4B
$10.3B
Q2 25
$6.2B
$13.4B
Q1 25
$5.9B
$13.1B
Q4 24
$5.6B
$13.1B
Q3 24
$6.4B
$13.3B
Q2 24
$6.0B
$13.2B
Total Assets
ORI
ORI
TAP
TAP
Q1 26
$29.6M
$22.7B
Q4 25
$29.9B
$22.7B
Q3 25
$30.3B
$22.9B
Q2 25
$29.3B
$26.8B
Q1 25
$28.0B
$25.9B
Q4 24
$27.8B
$26.1B
Q3 24
$28.8B
$26.6B
Q2 24
$27.5B
$27.4B
Debt / Equity
ORI
ORI
TAP
TAP
Q1 26
0.37×
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ORI
ORI
TAP
TAP
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
36.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORI
ORI
TAP
TAP
Q1 26
Q4 25
$234.9M
$540.7M
Q3 25
$563.9M
$616.1M
Q2 25
$133.8M
$718.3M
Q1 25
$231.7M
$-90.7M
Q4 24
$361.7M
$494.5M
Q3 24
$474.8M
$521.2M
Q2 24
$236.5M
$869.2M
Free Cash Flow
ORI
ORI
TAP
TAP
Q1 26
$1.1B
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
FCF Margin
ORI
ORI
TAP
TAP
Q1 26
36.5%
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Capex Intensity
ORI
ORI
TAP
TAP
Q1 26
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Cash Conversion
ORI
ORI
TAP
TAP
Q1 26
Q4 25
1.14×
2.27×
Q3 25
2.02×
Q2 25
0.65×
1.68×
Q1 25
0.95×
-0.75×
Q4 24
3.43×
1.72×
Q3 24
1.40×
2.61×
Q2 24
2.58×
2.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORI
ORI

operating$2.2B92%
net investment gains$201.8M8%

TAP
TAP

Segment breakdown not available.

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