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Side-by-side financial comparison of Ovintiv Inc. (OVV) and RXO, Inc. (RXO). Click either name above to swap in a different company.
Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $1.5B, roughly 1.4× RXO, Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs -3.1%, a 49.2% gap on every dollar of revenue. On growth, Ovintiv Inc. posted the faster year-over-year revenue change (-6.0% vs -11.9%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
OVV vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.5B |
| Net Profit | $946.0M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 21.2% | -2.9% |
| Net Margin | 46.1% | -3.1% |
| Revenue YoY | -6.0% | -11.9% |
| Net Profit YoY | 1676.7% | -84.0% |
| EPS (diluted) | $3.64 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $2.2B | $930.0M | ||
| Q1 24 | $2.4B | $913.0M |
| Q4 25 | $946.0M | $-46.0M | ||
| Q3 25 | $148.0M | $-14.0M | ||
| Q2 25 | $307.0M | $-9.0M | ||
| Q1 25 | $-159.0M | $-31.0M | ||
| Q4 24 | $-60.0M | $-25.0M | ||
| Q3 24 | $507.0M | $-243.0M | ||
| Q2 24 | $340.0M | $-7.0M | ||
| Q1 24 | $338.0M | $-15.0M |
| Q4 25 | 21.2% | -2.9% | ||
| Q3 25 | 13.5% | -0.5% | ||
| Q2 25 | 23.1% | — | ||
| Q1 25 | -3.7% | -2.1% | ||
| Q4 24 | 0.1% | -1.4% | ||
| Q3 24 | 24.2% | -1.9% | ||
| Q2 24 | 25.4% | — | ||
| Q1 24 | 20.7% | -1.3% |
| Q4 25 | 46.1% | -3.1% | ||
| Q3 25 | 7.3% | -1.0% | ||
| Q2 25 | 13.9% | -0.6% | ||
| Q1 25 | -6.7% | -2.2% | ||
| Q4 24 | -2.7% | -1.5% | ||
| Q3 24 | 23.3% | -23.4% | ||
| Q2 24 | 15.5% | -0.8% | ||
| Q1 24 | 14.2% | -1.6% |
| Q4 25 | $3.64 | $-0.28 | ||
| Q3 25 | $0.57 | $-0.08 | ||
| Q2 25 | $1.18 | $-0.05 | ||
| Q1 25 | $-0.61 | $-0.18 | ||
| Q4 24 | $-0.22 | $-0.17 | ||
| Q3 24 | $1.92 | $-1.81 | ||
| Q2 24 | $1.27 | $-0.06 | ||
| Q1 24 | $1.24 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | $5.2B | $387.0M |
| Stockholders' EquityBook value | $11.2B | $1.5B |
| Total Assets | $20.4B | $3.3B |
| Debt / EquityLower = less leverage | 0.46× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $280.0M | $17.0M | ||
| Q3 25 | $25.0M | $25.0M | ||
| Q2 25 | $20.0M | $18.0M | ||
| Q1 25 | $8.0M | $16.0M | ||
| Q4 24 | $42.0M | $35.0M | ||
| Q3 24 | $9.0M | $55.0M | ||
| Q2 24 | $8.0M | $7.0M | ||
| Q1 24 | $5.0M | $7.0M |
| Q4 25 | $5.2B | $387.0M | ||
| Q3 25 | $5.2B | $387.0M | ||
| Q2 25 | $5.3B | $387.0M | ||
| Q1 25 | $5.5B | $387.0M | ||
| Q4 24 | $5.5B | $351.0M | ||
| Q3 24 | $5.9B | $352.0M | ||
| Q2 24 | $6.1B | $370.0M | ||
| Q1 24 | $6.2B | $351.0M |
| Q4 25 | $11.2B | $1.5B | ||
| Q3 25 | $10.2B | $1.6B | ||
| Q2 25 | $10.4B | $1.6B | ||
| Q1 25 | $10.1B | $1.6B | ||
| Q4 24 | $10.3B | $1.6B | ||
| Q3 24 | $10.7B | $1.7B | ||
| Q2 24 | $10.3B | $579.0M | ||
| Q1 24 | $10.3B | $582.0M |
| Q4 25 | $20.4B | $3.3B | ||
| Q3 25 | $19.4B | $3.2B | ||
| Q2 25 | $19.7B | $3.2B | ||
| Q1 25 | $19.6B | $3.3B | ||
| Q4 24 | $19.3B | $3.4B | ||
| Q3 24 | $19.9B | $3.4B | ||
| Q2 24 | $19.8B | $1.8B | ||
| Q1 24 | $19.8B | $1.8B |
| Q4 25 | 0.46× | 0.25× | ||
| Q3 25 | 0.51× | 0.24× | ||
| Q2 25 | 0.51× | 0.24× | ||
| Q1 25 | 0.55× | 0.24× | ||
| Q4 24 | 0.53× | 0.22× | ||
| Q3 24 | 0.55× | 0.21× | ||
| Q2 24 | 0.59× | 0.64× | ||
| Q1 24 | 0.60× | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $489.0M | $-9.0M |
| FCF MarginFCF / Revenue | 23.8% | -0.6% |
| Capex IntensityCapex / Revenue | 22.6% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $954.0M | $7.0M | ||
| Q3 25 | $812.0M | $23.0M | ||
| Q2 25 | $1.0B | $23.0M | ||
| Q1 25 | $873.0M | $-2.0M | ||
| Q4 24 | $1.0B | $-7.0M | ||
| Q3 24 | $1.0B | $-7.0M | ||
| Q2 24 | $1.0B | $-5.0M | ||
| Q1 24 | $659.0M | $7.0M |
| Q4 25 | $489.0M | $-9.0M | ||
| Q3 25 | $268.0M | $9.0M | ||
| Q2 25 | $492.0M | $9.0M | ||
| Q1 25 | $256.0M | $-17.0M | ||
| Q4 24 | $468.0M | $-19.0M | ||
| Q3 24 | $484.0M | $-18.0M | ||
| Q2 24 | $398.0M | $-16.0M | ||
| Q1 24 | $68.0M | $-4.0M |
| Q4 25 | 23.8% | -0.6% | ||
| Q3 25 | 13.3% | 0.6% | ||
| Q2 25 | 22.2% | 0.6% | ||
| Q1 25 | 10.8% | -1.2% | ||
| Q4 24 | 21.4% | -1.1% | ||
| Q3 24 | 22.2% | -1.7% | ||
| Q2 24 | 18.1% | -1.7% | ||
| Q1 24 | 2.8% | -0.4% |
| Q4 25 | 22.6% | 1.1% | ||
| Q3 25 | 26.9% | 1.0% | ||
| Q2 25 | 23.5% | 1.0% | ||
| Q1 25 | 26.0% | 1.0% | ||
| Q4 24 | 25.3% | 0.7% | ||
| Q3 24 | 24.7% | 1.1% | ||
| Q2 24 | 28.4% | 1.2% | ||
| Q1 24 | 24.8% | 1.2% |
| Q4 25 | 1.01× | — | ||
| Q3 25 | 5.49× | — | ||
| Q2 25 | 3.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.02× | — | ||
| Q2 24 | 3.00× | — | ||
| Q1 24 | 1.95× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
