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Side-by-side financial comparison of Ovintiv Inc. (OVV) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $2.1B, roughly 1.8× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 20.2%, a 25.8% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs -6.0%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $489.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
OVV vs SHOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $3.7B |
| Net Profit | $946.0M | $743.0M |
| Gross Margin | — | 46.1% |
| Operating Margin | 21.2% | 17.2% |
| Net Margin | 46.1% | 20.2% |
| Revenue YoY | -6.0% | 30.6% |
| Net Profit YoY | 1676.7% | -42.5% |
| EPS (diluted) | $3.64 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $2.0B | $2.8B | ||
| Q2 25 | $2.2B | $2.7B | ||
| Q1 25 | $2.4B | $2.4B | ||
| Q4 24 | $2.2B | $2.8B | ||
| Q3 24 | $2.2B | $2.2B | ||
| Q2 24 | $2.2B | $2.0B | ||
| Q1 24 | $2.4B | $1.9B |
| Q4 25 | $946.0M | $743.0M | ||
| Q3 25 | $148.0M | $264.0M | ||
| Q2 25 | $307.0M | $906.0M | ||
| Q1 25 | $-159.0M | $-682.0M | ||
| Q4 24 | $-60.0M | $1.3B | ||
| Q3 24 | $507.0M | $828.0M | ||
| Q2 24 | $340.0M | $171.0M | ||
| Q1 24 | $338.0M | $-273.0M |
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% | ||
| Q1 24 | — | 51.4% |
| Q4 25 | 21.2% | 17.2% | ||
| Q3 25 | 13.5% | 12.1% | ||
| Q2 25 | 23.1% | 10.9% | ||
| Q1 25 | -3.7% | 8.6% | ||
| Q4 24 | 0.1% | 16.5% | ||
| Q3 24 | 24.2% | 13.1% | ||
| Q2 24 | 25.4% | 11.8% | ||
| Q1 24 | 20.7% | 4.6% |
| Q4 25 | 46.1% | 20.2% | ||
| Q3 25 | 7.3% | 9.3% | ||
| Q2 25 | 13.9% | 33.8% | ||
| Q1 25 | -6.7% | -28.9% | ||
| Q4 24 | -2.7% | 46.0% | ||
| Q3 24 | 23.3% | 38.3% | ||
| Q2 24 | 15.5% | 8.4% | ||
| Q1 24 | 14.2% | -14.7% |
| Q4 25 | $3.64 | $0.58 | ||
| Q3 25 | $0.57 | $0.20 | ||
| Q2 25 | $1.18 | $0.69 | ||
| Q1 25 | $-0.61 | $-0.53 | ||
| Q4 24 | $-0.22 | $0.99 | ||
| Q3 24 | $1.92 | $0.64 | ||
| Q2 24 | $1.27 | $0.13 | ||
| Q1 24 | $1.24 | $-0.21 |
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 | $5.8B |
| Total DebtLower is stronger | $5.2B | — |
| Stockholders' EquityBook value | $11.2B | $13.5B |
| Total Assets | $20.4B | $15.2B |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $280.0M | $5.8B | ||
| Q3 25 | $25.0M | $6.3B | ||
| Q2 25 | $20.0M | $5.8B | ||
| Q1 25 | $8.0M | $5.5B | ||
| Q4 24 | $42.0M | $5.5B | ||
| Q3 24 | $9.0M | — | ||
| Q2 24 | $8.0M | — | ||
| Q1 24 | $5.0M | — |
| 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 24 | $6.2B | — |
| Q4 25 | $11.2B | $13.5B | ||
| Q3 25 | $10.2B | $12.5B | ||
| Q2 25 | $10.4B | $12.1B | ||
| Q1 25 | $10.1B | $11.1B | ||
| Q4 24 | $10.3B | $11.6B | ||
| Q3 24 | $10.7B | $10.1B | ||
| Q2 24 | $10.3B | $9.2B | ||
| Q1 24 | $10.3B | $8.9B |
| Q4 25 | $20.4B | $15.2B | ||
| Q3 25 | $19.4B | $15.0B | ||
| Q2 25 | $19.7B | $14.6B | ||
| Q1 25 | $19.6B | $13.4B | ||
| Q4 24 | $19.3B | $13.9B | ||
| Q3 24 | $19.9B | — | ||
| Q2 24 | $19.8B | — | ||
| Q1 24 | $19.8B | — |
| 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× | — | ||
| Q1 24 | 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 | $725.0M |
| Free Cash FlowOCF − Capex | $489.0M | $715.0M |
| FCF MarginFCF / Revenue | 23.8% | 19.5% |
| Capex IntensityCapex / Revenue | 22.6% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.01× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $954.0M | $725.0M | ||
| Q3 25 | $812.0M | $513.0M | ||
| Q2 25 | $1.0B | $428.0M | ||
| Q1 25 | $873.0M | $367.0M | ||
| Q4 24 | $1.0B | $615.0M | ||
| Q3 24 | $1.0B | $423.0M | ||
| Q2 24 | $1.0B | $340.0M | ||
| Q1 24 | $659.0M | $238.0M |
| Q4 25 | $489.0M | $715.0M | ||
| Q3 25 | $268.0M | $507.0M | ||
| Q2 25 | $492.0M | $422.0M | ||
| Q1 25 | $256.0M | $363.0M | ||
| Q4 24 | $468.0M | $611.0M | ||
| Q3 24 | $484.0M | $421.0M | ||
| Q2 24 | $398.0M | $333.0M | ||
| Q1 24 | $68.0M | $232.0M |
| Q4 25 | 23.8% | 19.5% | ||
| Q3 25 | 13.3% | 17.8% | ||
| Q2 25 | 22.2% | 15.7% | ||
| Q1 25 | 10.8% | 15.4% | ||
| Q4 24 | 21.4% | 21.7% | ||
| Q3 24 | 22.2% | 19.5% | ||
| Q2 24 | 18.1% | 16.3% | ||
| Q1 24 | 2.8% | 12.5% |
| Q4 25 | 22.6% | 0.3% | ||
| Q3 25 | 26.9% | 0.2% | ||
| Q2 25 | 23.5% | 0.2% | ||
| Q1 25 | 26.0% | 0.2% | ||
| Q4 24 | 25.3% | 0.1% | ||
| Q3 24 | 24.7% | 0.1% | ||
| Q2 24 | 28.4% | 0.3% | ||
| Q1 24 | 24.8% | 0.3% |
| Q4 25 | 1.01× | 0.98× | ||
| Q3 25 | 5.49× | 1.94× | ||
| Q2 25 | 3.30× | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | 2.02× | 0.51× | ||
| Q2 24 | 3.00× | 1.99× | ||
| 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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
