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Side-by-side financial comparison of Ovintiv Inc. (OVV) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $2.1B, roughly 1.0× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 14.4%, a 31.7% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (3.9% vs -6.0%). Ovintiv Inc. produced more free cash flow last quarter ($489.0M vs $-155.0M). Over the past eight quarters, Ovintiv Inc.'s revenue compounded faster (-7.2% CAGR vs -7.5%).
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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
OVV vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.1B |
| Net Profit | $946.0M | $297.0M |
| Gross Margin | — | — |
| Operating Margin | 21.2% | 22.0% |
| Net Margin | 46.1% | 14.4% |
| Revenue YoY | -6.0% | 3.9% |
| Net Profit YoY | 1676.7% | -20.8% |
| EPS (diluted) | $3.64 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.4B | $2.6B | ||
| Q4 24 | $2.2B | $2.0B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.4B | ||
| Q1 24 | $2.4B | $2.4B |
| Q4 25 | $946.0M | $297.0M | ||
| Q3 25 | $148.0M | $-13.0M | ||
| Q2 25 | $307.0M | $-163.0M | ||
| Q1 25 | $-159.0M | $479.0M | ||
| Q4 24 | $-60.0M | $375.0M | ||
| Q3 24 | $507.0M | $-273.0M | ||
| Q2 24 | $340.0M | $-48.0M | ||
| Q1 24 | $338.0M | $496.0M |
| Q4 25 | 21.2% | 22.0% | ||
| Q3 25 | 13.5% | 1.1% | ||
| Q2 25 | 23.1% | -6.8% | ||
| Q1 25 | -3.7% | 26.6% | ||
| Q4 24 | 0.1% | 24.5% | ||
| Q3 24 | 24.2% | -20.4% | ||
| Q2 24 | 25.4% | 5.0% | ||
| Q1 24 | 20.7% | 29.7% |
| Q4 25 | 46.1% | 14.4% | ||
| Q3 25 | 7.3% | -1.1% | ||
| Q2 25 | 13.9% | -12.0% | ||
| Q1 25 | -6.7% | 18.2% | ||
| Q4 24 | -2.7% | 18.9% | ||
| Q3 24 | 23.3% | -22.6% | ||
| Q2 24 | 15.5% | -3.6% | ||
| Q1 24 | 14.2% | 20.6% |
| Q4 25 | $3.64 | $1.34 | ||
| Q3 25 | $0.57 | $-0.08 | ||
| Q2 25 | $1.18 | $-0.76 | ||
| Q1 25 | $-0.61 | $2.19 | ||
| Q4 24 | $-0.22 | $1.74 | ||
| Q3 24 | $1.92 | $-1.26 | ||
| Q2 24 | $1.27 | $-0.23 | ||
| Q1 24 | $1.24 | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | $5.2B | $6.0B |
| Stockholders' EquityBook value | $11.2B | $5.0B |
| Total Assets | $20.4B | $15.8B |
| Debt / EquityLower = less leverage | 0.46× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $280.0M | $251.0M | ||
| Q3 25 | $25.0M | $335.0M | ||
| Q2 25 | $20.0M | $350.0M | ||
| Q1 25 | $8.0M | $426.0M | ||
| Q4 24 | $42.0M | $240.0M | ||
| Q3 24 | $9.0M | $213.0M | ||
| Q2 24 | $8.0M | $183.0M | ||
| Q1 24 | $5.0M | $263.0M |
| Q4 25 | $5.2B | $6.0B | ||
| Q3 25 | $5.2B | $6.5B | ||
| Q2 25 | $5.3B | $5.7B | ||
| Q1 25 | $5.5B | $6.6B | ||
| Q4 24 | $5.5B | $6.6B | ||
| Q3 24 | $5.9B | $6.4B | ||
| Q2 24 | $6.1B | $6.3B | ||
| Q1 24 | $6.2B | $6.7B |
| Q4 25 | $11.2B | $5.0B | ||
| Q3 25 | $10.2B | $4.8B | ||
| Q2 25 | $10.4B | $4.9B | ||
| Q1 25 | $10.1B | $5.0B | ||
| Q4 24 | $10.3B | $4.6B | ||
| Q3 24 | $10.7B | $4.3B | ||
| Q2 24 | $10.3B | $4.7B | ||
| Q1 24 | $10.3B | $4.8B |
| Q4 25 | $20.4B | $15.8B | ||
| Q3 25 | $19.4B | $15.5B | ||
| Q2 25 | $19.7B | $15.4B | ||
| Q1 25 | $19.6B | $15.7B | ||
| Q4 24 | $19.3B | $15.4B | ||
| Q3 24 | $19.9B | $15.1B | ||
| Q2 24 | $19.8B | $15.1B | ||
| Q1 24 | $19.8B | $15.6B |
| Q4 25 | 0.46× | 1.19× | ||
| Q3 25 | 0.51× | 1.37× | ||
| Q2 25 | 0.51× | 1.17× | ||
| Q1 25 | 0.55× | 1.32× | ||
| Q4 24 | 0.53× | 1.44× | ||
| Q3 24 | 0.55× | 1.48× | ||
| Q2 24 | 0.59× | 1.34× | ||
| Q1 24 | 0.60× | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $489.0M | $-155.0M |
| FCF MarginFCF / Revenue | 23.8% | -7.5% |
| Capex IntensityCapex / Revenue | 22.6% | 10.7% |
| Cash ConversionOCF / Net Profit | 1.01× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $954.0M | $66.0M | ||
| Q3 25 | $812.0M | $90.0M | ||
| Q2 25 | $1.0B | $289.0M | ||
| Q1 25 | $873.0M | $684.0M | ||
| Q4 24 | $1.0B | $164.0M | ||
| Q3 24 | $1.0B | $151.0M | ||
| Q2 24 | $1.0B | $390.0M | ||
| Q1 24 | $659.0M | $522.0M |
| Q4 25 | $489.0M | $-155.0M | ||
| Q3 25 | $268.0M | $-168.0M | ||
| Q2 25 | $492.0M | $67.0M | ||
| Q1 25 | $256.0M | $538.0M | ||
| Q4 24 | $468.0M | $-47.0M | ||
| Q3 24 | $484.0M | $-115.0M | ||
| Q2 24 | $398.0M | $185.0M | ||
| Q1 24 | $68.0M | $353.0M |
| Q4 25 | 23.8% | -7.5% | ||
| Q3 25 | 13.3% | -14.4% | ||
| Q2 25 | 22.2% | 4.9% | ||
| Q1 25 | 10.8% | 20.4% | ||
| Q4 24 | 21.4% | -2.4% | ||
| Q3 24 | 22.2% | -9.5% | ||
| Q2 24 | 18.1% | 13.7% | ||
| Q1 24 | 2.8% | 14.6% |
| Q4 25 | 22.6% | 10.7% | ||
| Q3 25 | 26.9% | 22.1% | ||
| Q2 25 | 23.5% | 16.3% | ||
| Q1 25 | 26.0% | 5.5% | ||
| Q4 24 | 25.3% | 10.6% | ||
| Q3 24 | 24.7% | 22.0% | ||
| Q2 24 | 28.4% | 15.2% | ||
| Q1 24 | 24.8% | 7.0% |
| Q4 25 | 1.01× | 0.22× | ||
| Q3 25 | 5.49× | — | ||
| Q2 25 | 3.30× | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | 2.02× | — | ||
| Q2 24 | 3.00× | — | ||
| Q1 24 | 1.95× | 1.05× |
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% |
UGI
Segment breakdown not available.
