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Side-by-side financial comparison of Ovintiv Inc. (OVV) and PLEXUS CORP (PLXS). 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 1.8× PLEXUS CORP). Ovintiv Inc. runs the higher net margin — 46.1% vs 4.3%, a 41.8% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs -6.0%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% CAGR vs -7.2%).
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.
Plex Systems, Inc. is an American software company based in Troy, Michigan. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing.
OVV vs PLXS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.2B |
| Net Profit | $946.0M | $49.8M |
| Gross Margin | — | 10.2% |
| Operating Margin | 21.2% | 5.3% |
| Net Margin | 46.1% | 4.3% |
| Revenue YoY | -6.0% | 18.7% |
| Net Profit YoY | 1676.7% | 27.5% |
| EPS (diluted) | $3.64 | $1.82 |
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.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | $41.2M | ||
| Q4 25 | $946.0M | — | ||
| Q3 25 | $148.0M | — | ||
| Q2 25 | $307.0M | — | ||
| Q1 25 | $-159.0M | — | ||
| Q4 24 | $-60.0M | — | ||
| Q3 24 | $507.0M | — | ||
| Q2 24 | $340.0M | — |
| Q1 26 | — | 9.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 21.2% | — | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | 23.1% | — | ||
| Q1 25 | -3.7% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 24.2% | — | ||
| Q2 24 | 25.4% | — |
| Q1 26 | — | 3.8% | ||
| Q4 25 | 46.1% | — | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | -6.7% | — | ||
| Q4 24 | -2.7% | — | ||
| Q3 24 | 23.3% | — | ||
| Q2 24 | 15.5% | — |
| Q1 26 | — | $1.51 | ||
| Q4 25 | $3.64 | — | ||
| Q3 25 | $0.57 | — | ||
| Q2 25 | $1.18 | — | ||
| Q1 25 | $-0.61 | — | ||
| Q4 24 | $-0.22 | — | ||
| Q3 24 | $1.92 | — | ||
| Q2 24 | $1.27 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $280.0M | $303.1M |
| Total DebtLower is stronger | $5.2B | — |
| Stockholders' EquityBook value | $11.2B | $1.5B |
| Total Assets | $20.4B | $3.4B |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $248.8M | ||
| Q4 25 | $280.0M | — | ||
| Q3 25 | $25.0M | — | ||
| Q2 25 | $20.0M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $42.0M | — | ||
| Q3 24 | $9.0M | — | ||
| Q2 24 | $8.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.2B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.5B | — | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $6.1B | — |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $11.2B | — | ||
| Q3 25 | $10.2B | — | ||
| Q2 25 | $10.4B | — | ||
| Q1 25 | $10.1B | — | ||
| Q4 24 | $10.3B | — | ||
| Q3 24 | $10.7B | — | ||
| Q2 24 | $10.3B | — |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $20.4B | — | ||
| Q3 25 | $19.4B | — | ||
| Q2 25 | $19.7B | — | ||
| Q1 25 | $19.6B | — | ||
| Q4 24 | $19.3B | — | ||
| Q3 24 | $19.9B | — | ||
| Q2 24 | $19.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.59× | — |
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 | $954.0M | — |
| Free Cash FlowOCF − Capex | $489.0M | — |
| FCF MarginFCF / Revenue | 23.8% | — |
| Capex IntensityCapex / Revenue | 22.6% | — |
| Cash ConversionOCF / Net Profit | 1.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $954.0M | — | ||
| Q3 25 | $812.0M | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $873.0M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $489.0M | — | ||
| Q3 25 | $268.0M | — | ||
| Q2 25 | $492.0M | — | ||
| Q1 25 | $256.0M | — | ||
| Q4 24 | $468.0M | — | ||
| Q3 24 | $484.0M | — | ||
| Q2 24 | $398.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 13.3% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 18.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 22.6% | — | ||
| Q3 25 | 26.9% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 26.0% | — | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 28.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | — | ||
| Q3 25 | 5.49× | — | ||
| Q2 25 | 3.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.02× | — | ||
| Q2 24 | 3.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
PLXS
| Asia-Pacific | $652.0M | 56% |
| Americas | $397.0M | 34% |
| Europe, Middle East and Africa | $116.0M | 10% |
