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Side-by-side financial comparison of Ovintiv Inc. (OVV) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.1B, roughly 1.3× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 5.5%, a 40.5% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (2.0% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $-212.9M). Over the past eight quarters, Ovintiv Inc.'s revenue compounded faster (-7.2% CAGR vs -15.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
OVV vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.7B |
| Net Profit | $946.0M | $150.1M |
| Gross Margin | — | 33.0% |
| Operating Margin | 21.2% | — |
| Net Margin | 46.1% | 5.5% |
| Revenue YoY | -6.0% | 2.0% |
| Net Profit YoY | 1676.7% | 25.0% |
| EPS (diluted) | $3.64 | $0.80 |
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 | — | $2.7B | ||
| Q4 25 | $2.1B | $3.1B | ||
| Q3 25 | $2.0B | $3.5B | ||
| Q2 25 | $2.2B | $3.7B | ||
| Q1 25 | $2.4B | $2.7B | ||
| Q4 24 | $2.2B | $3.2B | ||
| Q3 24 | $2.2B | $3.6B | ||
| Q2 24 | $2.2B | $3.8B |
| Q1 26 | — | $150.1M | ||
| Q4 25 | $946.0M | $238.3M | ||
| Q3 25 | $148.0M | $-2.9B | ||
| Q2 25 | $307.0M | $428.7M | ||
| Q1 25 | $-159.0M | $121.0M | ||
| Q4 24 | $-60.0M | $287.8M | ||
| Q3 24 | $507.0M | $199.8M | ||
| Q2 24 | $340.0M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 21.2% | 10.4% | ||
| Q3 25 | 13.5% | -98.5% | ||
| Q2 25 | 23.1% | 15.6% | ||
| Q1 25 | -3.7% | 6.9% | ||
| Q4 24 | 0.1% | 12.0% | ||
| Q3 24 | 24.2% | 12.5% | ||
| Q2 24 | 25.4% | 15.6% |
| Q1 26 | — | 5.5% | ||
| Q4 25 | 46.1% | 7.6% | ||
| Q3 25 | 7.3% | -84.0% | ||
| Q2 25 | 13.9% | 11.5% | ||
| Q1 25 | -6.7% | 4.5% | ||
| Q4 24 | -2.7% | 8.9% | ||
| Q3 24 | 23.3% | 5.5% | ||
| Q2 24 | 15.5% | 11.1% |
| Q1 26 | — | $0.80 | ||
| Q4 25 | $3.64 | $1.32 | ||
| Q3 25 | $0.57 | $-14.79 | ||
| Q2 25 | $1.18 | $2.13 | ||
| Q1 25 | $-0.61 | $0.59 | ||
| Q4 24 | $-0.22 | $1.39 | ||
| Q3 24 | $1.92 | $0.96 | ||
| Q2 24 | $1.27 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | $5.2B | $3.8B |
| Stockholders' EquityBook value | $11.2B | $10.3B |
| Total Assets | $20.4B | $22.4B |
| Debt / EquityLower = less leverage | 0.46× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.6M | ||
| Q4 25 | $280.0M | $896.5M | ||
| Q3 25 | $25.0M | $950.2M | ||
| Q2 25 | $20.0M | $613.8M | ||
| Q1 25 | $8.0M | $412.7M | ||
| Q4 24 | $42.0M | $969.3M | ||
| Q3 24 | $9.0M | $1.0B | ||
| Q2 24 | $8.0M | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $5.2B | $6.3B | ||
| Q3 25 | $5.2B | $6.3B | ||
| Q2 25 | $5.3B | $6.3B | ||
| Q1 25 | $5.5B | $6.2B | ||
| Q4 24 | $5.5B | $6.1B | ||
| Q3 24 | $5.9B | $6.2B | ||
| Q2 24 | $6.1B | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $11.2B | $10.2B | ||
| Q3 25 | $10.2B | $10.3B | ||
| Q2 25 | $10.4B | $13.4B | ||
| Q1 25 | $10.1B | $13.1B | ||
| Q4 24 | $10.3B | $13.1B | ||
| Q3 24 | $10.7B | $13.3B | ||
| Q2 24 | $10.3B | $13.2B |
| Q1 26 | — | $22.4B | ||
| Q4 25 | $20.4B | $22.7B | ||
| Q3 25 | $19.4B | $22.9B | ||
| Q2 25 | $19.7B | $26.8B | ||
| Q1 25 | $19.6B | $25.9B | ||
| Q4 24 | $19.3B | $26.1B | ||
| Q3 24 | $19.9B | $26.6B | ||
| Q2 24 | $19.8B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 0.46× | 0.61× | ||
| Q3 25 | 0.51× | 0.61× | ||
| Q2 25 | 0.51× | 0.47× | ||
| Q1 25 | 0.55× | 0.47× | ||
| Q4 24 | 0.53× | 0.47× | ||
| Q3 24 | 0.55× | 0.47× | ||
| Q2 24 | 0.59× | 0.53× |
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 | $-212.9M |
| FCF MarginFCF / Revenue | 23.8% | -7.8% |
| Capex IntensityCapex / Revenue | 22.6% | — |
| Cash ConversionOCF / Net Profit | 1.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $954.0M | $540.7M | ||
| Q3 25 | $812.0M | $616.1M | ||
| Q2 25 | $1.0B | $718.3M | ||
| Q1 25 | $873.0M | $-90.7M | ||
| Q4 24 | $1.0B | $494.5M | ||
| Q3 24 | $1.0B | $521.2M | ||
| Q2 24 | $1.0B | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | $489.0M | $357.8M | ||
| Q3 25 | $268.0M | $483.0M | ||
| Q2 25 | $492.0M | $555.0M | ||
| Q1 25 | $256.0M | $-328.0M | ||
| Q4 24 | $468.0M | $383.4M | ||
| Q3 24 | $484.0M | $350.4M | ||
| Q2 24 | $398.0M | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | 23.8% | 11.4% | ||
| Q3 25 | 13.3% | 13.9% | ||
| Q2 25 | 22.2% | 14.8% | ||
| Q1 25 | 10.8% | -12.2% | ||
| Q4 24 | 21.4% | 11.8% | ||
| Q3 24 | 22.2% | 9.7% | ||
| Q2 24 | 18.1% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 22.6% | 5.9% | ||
| Q3 25 | 26.9% | 3.8% | ||
| Q2 25 | 23.5% | 4.4% | ||
| Q1 25 | 26.0% | 8.8% | ||
| Q4 24 | 25.3% | 3.4% | ||
| Q3 24 | 24.7% | 4.7% | ||
| Q2 24 | 28.4% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | 2.27× | ||
| Q3 25 | 5.49× | — | ||
| Q2 25 | 3.30× | 1.68× | ||
| Q1 25 | — | -0.75× | ||
| Q4 24 | — | 1.72× | ||
| Q3 24 | 2.02× | 2.61× | ||
| Q2 24 | 3.00× | 2.04× |
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% |
TAP
Segment breakdown not available.
