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Side-by-side financial comparison of Ovintiv Inc. (OVV) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.1× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 23.5%, a 22.6% gap on every dollar of revenue. On growth, Ovintiv Inc. posted the faster year-over-year revenue change (-6.0% vs -36.8%). Over the past eight quarters, Ovintiv Inc.'s revenue compounded faster (-7.2% CAGR vs -11.9%).
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.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
OVV vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.2B |
| Net Profit | $946.0M | $515.8M |
| Gross Margin | — | — |
| Operating Margin | 21.2% | — |
| Net Margin | 46.1% | 23.5% |
| Revenue YoY | -6.0% | -36.8% |
| Net Profit YoY | 1676.7% | 72.6% |
| EPS (diluted) | $3.64 | $6.57 |
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 | — | $2.2B | ||
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $2.2B | $3.2B | ||
| Q1 25 | $2.4B | $3.5B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.2B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $946.0M | $760.5M | ||
| Q3 25 | $148.0M | $916.5M | ||
| Q2 25 | $307.0M | $835.4M | ||
| Q1 25 | $-159.0M | $170.0M | ||
| Q4 24 | $-60.0M | $-189.7M | ||
| Q3 24 | $507.0M | $1.2B | ||
| Q2 24 | $340.0M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | 21.2% | 42.5% | ||
| Q3 25 | 13.5% | 46.3% | ||
| Q2 25 | 23.1% | 41.8% | ||
| Q1 25 | -3.7% | -2.0% | ||
| Q4 24 | 0.1% | -3.6% | ||
| Q3 24 | 24.2% | 43.7% | ||
| Q2 24 | 25.4% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 46.1% | 25.6% | ||
| Q3 25 | 7.3% | 28.7% | ||
| Q2 25 | 13.9% | 26.1% | ||
| Q1 25 | -6.7% | 4.9% | ||
| Q4 24 | -2.7% | -8.3% | ||
| Q3 24 | 23.3% | 29.8% | ||
| Q2 24 | 15.5% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $3.64 | $16.16 | ||
| Q3 25 | $0.57 | $19.40 | ||
| Q2 25 | $1.18 | $17.20 | ||
| Q1 25 | $-0.61 | $3.27 | ||
| Q4 24 | $-0.22 | $-3.76 | ||
| Q3 24 | $1.92 | $22.62 | ||
| Q2 24 | $1.27 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $5.2B | — |
| Stockholders' EquityBook value | $11.2B | $4.3B |
| Total Assets | $20.4B | $53.7B |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $280.0M | $1.7B | ||
| Q3 25 | $25.0M | $1.7B | ||
| Q2 25 | $20.0M | $1.4B | ||
| Q1 25 | $8.0M | $1.6B | ||
| Q4 24 | $42.0M | $1.7B | ||
| Q3 24 | $9.0M | $1.6B | ||
| Q2 24 | $8.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $2.3B | ||
| Q3 25 | $5.2B | $2.2B | ||
| Q2 25 | $5.3B | $2.3B | ||
| Q1 25 | $5.5B | $2.8B | ||
| Q4 24 | $5.5B | $1.9B | ||
| Q3 24 | $5.9B | $1.9B | ||
| Q2 24 | $6.1B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $11.2B | $11.6B | ||
| Q3 25 | $10.2B | $11.5B | ||
| Q2 25 | $10.4B | $10.8B | ||
| Q1 25 | $10.1B | $10.3B | ||
| Q4 24 | $10.3B | $10.6B | ||
| Q3 24 | $10.7B | $11.2B | ||
| Q2 24 | $10.3B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $20.4B | $53.8B | ||
| Q3 25 | $19.4B | $54.5B | ||
| Q2 25 | $19.7B | $54.7B | ||
| Q1 25 | $19.6B | $53.6B | ||
| Q4 24 | $19.3B | $50.7B | ||
| Q3 24 | $19.9B | $52.8B | ||
| Q2 24 | $19.8B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.46× | 0.20× | ||
| Q3 25 | 0.51× | 0.19× | ||
| Q2 25 | 0.51× | 0.21× | ||
| Q1 25 | 0.55× | 0.27× | ||
| Q4 24 | 0.53× | 0.18× | ||
| Q3 24 | 0.55× | 0.17× | ||
| Q2 24 | 0.59× | 0.19× |
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 | $483.0M | ||
| Q3 25 | $812.0M | $1.6B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $873.0M | $157.8M | ||
| Q4 24 | $1.0B | $778.9M | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.0B | $1.2B |
| 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× | 0.64× | ||
| Q3 25 | 5.49× | 1.73× | ||
| Q2 25 | 3.30× | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.02× | 1.26× | ||
| Q2 24 | 3.00× | 2.41× |
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% |
RNR
Segment breakdown not available.
