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Side-by-side financial comparison of Ovintiv Inc. (OVV) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $1.9B, roughly 1.1× Primoris Services Corp). Ovintiv Inc. runs the higher net margin — 46.1% vs 2.8%, a 43.3% gap on every dollar of revenue. On growth, Primoris Services Corp posted the faster year-over-year revenue change (6.7% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $121.1M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% 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.
Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.
OVV vs PRIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.9B |
| Net Profit | $946.0M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 21.2% | 4.2% |
| Net Margin | 46.1% | 2.8% |
| Revenue YoY | -6.0% | 6.7% |
| Net Profit YoY | 1676.7% | -4.2% |
| EPS (diluted) | $3.64 | $0.94 |
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 | $2.1B | $1.9B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.4B | $1.6B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $2.2B | $1.6B | ||
| Q1 24 | $2.4B | $1.4B |
| Q4 25 | $946.0M | $51.7M | ||
| Q3 25 | $148.0M | $94.6M | ||
| Q2 25 | $307.0M | $84.3M | ||
| Q1 25 | $-159.0M | $44.2M | ||
| Q4 24 | $-60.0M | $54.0M | ||
| Q3 24 | $507.0M | $58.4M | ||
| Q2 24 | $340.0M | $49.5M | ||
| Q1 24 | $338.0M | $18.9M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | 21.2% | 4.2% | ||
| Q3 25 | 13.5% | 6.3% | ||
| Q2 25 | 23.1% | 6.7% | ||
| Q1 25 | -3.7% | 4.3% | ||
| Q4 24 | 0.1% | 5.0% | ||
| Q3 24 | 24.2% | 6.0% | ||
| Q2 24 | 25.4% | 5.5% | ||
| Q1 24 | 20.7% | 3.1% |
| Q4 25 | 46.1% | 2.8% | ||
| Q3 25 | 7.3% | 4.3% | ||
| Q2 25 | 13.9% | 4.5% | ||
| Q1 25 | -6.7% | 2.7% | ||
| Q4 24 | -2.7% | 3.1% | ||
| Q3 24 | 23.3% | 3.5% | ||
| Q2 24 | 15.5% | 3.2% | ||
| Q1 24 | 14.2% | 1.3% |
| Q4 25 | $3.64 | $0.94 | ||
| Q3 25 | $0.57 | $1.73 | ||
| Q2 25 | $1.18 | $1.54 | ||
| Q1 25 | $-0.61 | $0.81 | ||
| Q4 24 | $-0.22 | $0.98 | ||
| Q3 24 | $1.92 | $1.07 | ||
| Q2 24 | $1.27 | $0.91 | ||
| Q1 24 | $1.24 | $0.35 |
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 | $535.5M |
| Total DebtLower is stronger | $5.2B | $469.9M |
| Stockholders' EquityBook value | $11.2B | $1.7B |
| Total Assets | $20.4B | $4.4B |
| Debt / EquityLower = less leverage | 0.46× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $280.0M | $535.5M | ||
| Q3 25 | $25.0M | $431.4M | ||
| Q2 25 | $20.0M | $390.3M | ||
| Q1 25 | $8.0M | $351.6M | ||
| Q4 24 | $42.0M | $455.8M | ||
| Q3 24 | $9.0M | $352.7M | ||
| Q2 24 | $8.0M | $207.4M | ||
| Q1 24 | $5.0M | $177.6M |
| Q4 25 | $5.2B | $469.9M | ||
| Q3 25 | $5.2B | $486.0M | ||
| Q2 25 | $5.3B | $603.1M | ||
| Q1 25 | $5.5B | $612.0M | ||
| Q4 24 | $5.5B | $734.8M | ||
| Q3 24 | $5.9B | $903.7M | ||
| Q2 24 | $6.1B | $933.0M | ||
| Q1 24 | $6.2B | $951.7M |
| Q4 25 | $11.2B | $1.7B | ||
| Q3 25 | $10.2B | $1.6B | ||
| Q2 25 | $10.4B | $1.5B | ||
| Q1 25 | $10.1B | $1.4B | ||
| Q4 24 | $10.3B | $1.4B | ||
| Q3 24 | $10.7B | $1.4B | ||
| Q2 24 | $10.3B | $1.3B | ||
| Q1 24 | $10.3B | $1.2B |
| Q4 25 | $20.4B | $4.4B | ||
| Q3 25 | $19.4B | $4.6B | ||
| Q2 25 | $19.7B | $4.5B | ||
| Q1 25 | $19.6B | $4.2B | ||
| Q4 24 | $19.3B | $4.2B | ||
| Q3 24 | $19.9B | $4.2B | ||
| Q2 24 | $19.8B | $4.0B | ||
| Q1 24 | $19.8B | $4.0B |
| Q4 25 | 0.46× | 0.28× | ||
| Q3 25 | 0.51× | 0.30× | ||
| Q2 25 | 0.51× | 0.39× | ||
| Q1 25 | 0.55× | 0.42× | ||
| Q4 24 | 0.53× | 0.52× | ||
| Q3 24 | 0.55× | 0.67× | ||
| Q2 24 | 0.59× | 0.72× | ||
| Q1 24 | 0.60× | 0.76× |
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 | $142.9M |
| Free Cash FlowOCF − Capex | $489.0M | $121.1M |
| FCF MarginFCF / Revenue | 23.8% | 6.5% |
| Capex IntensityCapex / Revenue | 22.6% | 1.2% |
| Cash ConversionOCF / Net Profit | 1.01× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $954.0M | $142.9M | ||
| Q3 25 | $812.0M | $182.9M | ||
| Q2 25 | $1.0B | $78.5M | ||
| Q1 25 | $873.0M | $66.2M | ||
| Q4 24 | $1.0B | $298.3M | ||
| Q3 24 | $1.0B | $222.5M | ||
| Q2 24 | $1.0B | $16.1M | ||
| Q1 24 | $659.0M | $-28.5M |
| Q4 25 | $489.0M | $121.1M | ||
| Q3 25 | $268.0M | $148.4M | ||
| Q2 25 | $492.0M | $45.3M | ||
| Q1 25 | $256.0M | $25.6M | ||
| Q4 24 | $468.0M | $270.0M | ||
| Q3 24 | $484.0M | $158.8M | ||
| Q2 24 | $398.0M | $-8.1M | ||
| Q1 24 | $68.0M | $-38.9M |
| Q4 25 | 23.8% | 6.5% | ||
| Q3 25 | 13.3% | 6.8% | ||
| Q2 25 | 22.2% | 2.4% | ||
| Q1 25 | 10.8% | 1.6% | ||
| Q4 24 | 21.4% | 15.5% | ||
| Q3 24 | 22.2% | 9.6% | ||
| Q2 24 | 18.1% | -0.5% | ||
| Q1 24 | 2.8% | -2.8% |
| Q4 25 | 22.6% | 1.2% | ||
| Q3 25 | 26.9% | 1.6% | ||
| Q2 25 | 23.5% | 1.8% | ||
| Q1 25 | 26.0% | 2.5% | ||
| Q4 24 | 25.3% | 1.6% | ||
| Q3 24 | 24.7% | 3.9% | ||
| Q2 24 | 28.4% | 1.5% | ||
| Q1 24 | 24.8% | 0.7% |
| Q4 25 | 1.01× | 2.76× | ||
| Q3 25 | 5.49× | 1.93× | ||
| Q2 25 | 3.30× | 0.93× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | — | 5.53× | ||
| Q3 24 | 2.02× | 3.81× | ||
| Q2 24 | 3.00× | 0.32× | ||
| Q1 24 | 1.95× | -1.50× |
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% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
