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

Viatris is the larger business by last-quarter revenue ($3.7B vs $2.4B, roughly 1.5× OLD REPUBLIC INTERNATIONAL CORP). On growth, OLD REPUBLIC INTERNATIONAL CORP posted the faster year-over-year revenue change (6.7% vs 5.0%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs 0.5%).

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

Viatris Inc. is an American global pharmaceutical and healthcare corporation headquartered in Canonsburg, Pennsylvania. The corporation was formed through the merger of Mylan and Upjohn, a legacy division of Pfizer, on November 16, 2020.

ORI vs VTRS — Head-to-Head

Bigger by revenue
VTRS
VTRS
1.5× larger
VTRS
$3.7B
$2.4B
ORI
Growing faster (revenue YoY)
ORI
ORI
+1.7% gap
ORI
6.7%
5.0%
VTRS
Faster 2-yr revenue CAGR
ORI
ORI
Annualised
ORI
13.2%
0.5%
VTRS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ORI
ORI
VTRS
VTRS
Revenue
$2.4B
$3.7B
Net Profit
$330.0M
Gross Margin
31.1%
Operating Margin
-5.2%
Net Margin
13.8%
Revenue YoY
6.7%
5.0%
Net Profit YoY
34.7%
EPS (diluted)
$-0.34

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
VTRS
VTRS
Q1 26
$2.4B
Q4 25
$2.4B
$3.7B
Q3 25
$2.4B
$3.7B
Q2 25
$2.2B
$3.6B
Q1 25
$2.1B
$3.2B
Q4 24
$2.0B
$3.5B
Q3 24
$2.3B
$3.7B
Q2 24
$1.9B
$3.8B
Net Profit
ORI
ORI
VTRS
VTRS
Q1 26
$330.0M
Q4 25
$206.5M
Q3 25
$279.5M
Q2 25
$204.4M
Q1 25
$245.0M
Q4 24
$105.3M
Q3 24
$338.9M
Q2 24
$91.8M
Gross Margin
ORI
ORI
VTRS
VTRS
Q1 26
Q4 25
31.1%
Q3 25
36.6%
Q2 25
37.3%
Q1 25
35.8%
Q4 24
34.6%
Q3 24
39.0%
Q2 24
38.2%
Operating Margin
ORI
ORI
VTRS
VTRS
Q1 26
Q4 25
-5.2%
Q3 25
14.6%
4.8%
Q2 25
11.8%
6.5%
Q1 25
14.6%
-88.9%
Q4 24
-5.1%
Q3 24
18.2%
6.0%
Q2 24
6.1%
-6.3%
Net Margin
ORI
ORI
VTRS
VTRS
Q1 26
13.8%
Q4 25
8.6%
Q3 25
11.5%
Q2 25
9.3%
Q1 25
11.6%
Q4 24
5.3%
Q3 24
14.5%
Q2 24
4.9%
EPS (diluted)
ORI
ORI
VTRS
VTRS
Q1 26
Q4 25
$0.82
$-0.34
Q3 25
$1.11
$-0.11
Q2 25
$0.81
$0.00
Q1 25
$0.98
$-2.55
Q4 24
$0.42
$-0.43
Q3 24
$1.32
$0.08
Q2 24
$0.35
$-0.27

Balance Sheet & Financial Strength

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

Metric
ORI
ORI
VTRS
VTRS
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9M
$14.7B
Total Assets
$29.6M
$37.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORI
ORI
VTRS
VTRS
Q1 26
Q4 25
$1.3B
Q3 25
$975.3M
Q2 25
$566.4M
Q1 25
$755.0M
Q4 24
$734.8M
Q3 24
$1.9B
Q2 24
$917.2M
Stockholders' Equity
ORI
ORI
VTRS
VTRS
Q1 26
$5.9M
Q4 25
$5.9B
$14.7B
Q3 25
$6.4B
$15.2B
Q2 25
$6.2B
$15.6B
Q1 25
$5.9B
$15.7B
Q4 24
$5.6B
$18.6B
Q3 24
$6.4B
$19.8B
Q2 24
$6.0B
$19.5B
Total Assets
ORI
ORI
VTRS
VTRS
Q1 26
$29.6M
Q4 25
$29.9B
$37.2B
Q3 25
$30.3B
$37.9B
Q2 25
$29.3B
$38.4B
Q1 25
$28.0B
$38.5B
Q4 24
$27.8B
$41.5B
Q3 24
$28.8B
$44.8B
Q2 24
$27.5B
$45.3B

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
VTRS
VTRS
Operating Cash FlowLast quarter
$815.8M
Free Cash FlowOCF − Capex
$619.3M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORI
ORI
VTRS
VTRS
Q1 26
Q4 25
$234.9M
$815.8M
Q3 25
$563.9M
$744.9M
Q2 25
$133.8M
$219.7M
Q1 25
$231.7M
$535.5M
Q4 24
$361.7M
$482.7M
Q3 24
$474.8M
$826.5M
Q2 24
$236.5M
$379.1M
Free Cash Flow
ORI
ORI
VTRS
VTRS
Q1 26
Q4 25
$619.3M
Q3 25
$658.1M
Q2 25
$166.8M
Q1 25
$492.9M
Q4 24
$342.3M
Q3 24
$749.5M
Q2 24
$320.3M
FCF Margin
ORI
ORI
VTRS
VTRS
Q1 26
Q4 25
16.8%
Q3 25
17.6%
Q2 25
4.7%
Q1 25
15.2%
Q4 24
9.7%
Q3 24
20.1%
Q2 24
8.5%
Capex Intensity
ORI
ORI
VTRS
VTRS
Q1 26
Q4 25
5.3%
Q3 25
2.3%
Q2 25
1.5%
Q1 25
1.3%
Q4 24
4.0%
Q3 24
2.1%
Q2 24
1.6%
Cash Conversion
ORI
ORI
VTRS
VTRS
Q1 26
Q4 25
1.14×
Q3 25
2.02×
Q2 25
0.65×
Q1 25
0.95×
Q4 24
3.43×
Q3 24
1.40×
Q2 24
2.58×

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%

VTRS
VTRS

Brands$1.2B32%
Generics$1.1B29%
Lipitor$377.3M10%
Norvasc$175.2M5%
Other$136.6M4%
Lyrica$119.8M3%
Viagra$104.2M3%
Creon$98.9M3%
Epi Pen Auto Injectors$79.0M2%
Yupelri$70.6M2%
Effexor$68.1M2%
Zoloft$66.8M2%
Celebrex$66.2M2%
Xalabrands$42.0M1%
Dymista$38.6M1%

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