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Side-by-side financial comparison of Ovintiv Inc. (OVV) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.
Vertiv Holdings Co is the larger business by last-quarter revenue ($2.6B vs $2.1B, roughly 1.3× Ovintiv Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 14.7%, a 31.3% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs -6.0%). Vertiv Holdings Co produced more free cash flow last quarter ($652.8M vs $489.0M). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% 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.
Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.
OVV vs VRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.6B |
| Net Profit | $946.0M | $390.1M |
| Gross Margin | — | 37.7% |
| Operating Margin | 21.2% | — |
| Net Margin | 46.1% | 14.7% |
| Revenue YoY | -6.0% | 30.1% |
| Net Profit YoY | 1676.7% | — |
| EPS (diluted) | $3.64 | $0.99 |
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 | — | $2.6B | ||
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.0B | $2.7B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.2B | $2.0B |
| Q1 26 | — | $390.1M | ||
| Q4 25 | $946.0M | $445.6M | ||
| Q3 25 | $148.0M | $398.5M | ||
| Q2 25 | $307.0M | $324.2M | ||
| Q1 25 | $-159.0M | $164.5M | ||
| Q4 24 | $-60.0M | $147.0M | ||
| Q3 24 | $507.0M | $176.6M | ||
| Q2 24 | $340.0M | $178.1M |
| Q1 26 | — | 37.7% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 37.1% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 38.0% |
| Q1 26 | — | — | ||
| Q4 25 | 21.2% | 20.1% | ||
| Q3 25 | 13.5% | 19.3% | ||
| Q2 25 | 23.1% | 16.8% | ||
| Q1 25 | -3.7% | 14.3% | ||
| Q4 24 | 0.1% | 19.5% | ||
| Q3 24 | 24.2% | 17.9% | ||
| Q2 24 | 25.4% | 17.2% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 46.1% | 15.5% | ||
| Q3 25 | 7.3% | 14.9% | ||
| Q2 25 | 13.9% | 12.3% | ||
| Q1 25 | -6.7% | 8.1% | ||
| Q4 24 | -2.7% | 6.3% | ||
| Q3 24 | 23.3% | 8.5% | ||
| Q2 24 | 15.5% | 9.1% |
| Q1 26 | — | $0.99 | ||
| Q4 25 | $3.64 | $1.14 | ||
| Q3 25 | $0.57 | $1.02 | ||
| Q2 25 | $1.18 | $0.83 | ||
| Q1 25 | $-0.61 | $0.42 | ||
| Q4 24 | $-0.22 | $0.38 | ||
| Q3 24 | $1.92 | $0.46 | ||
| Q2 24 | $1.27 | $0.46 |
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 | $2.5B |
| Total DebtLower is stronger | $5.2B | $0 |
| Stockholders' EquityBook value | $11.2B | $4.2B |
| Total Assets | $20.4B | $13.4B |
| Debt / EquityLower = less leverage | 0.46× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.5B | ||
| Q4 25 | $280.0M | $1.7B | ||
| Q3 25 | $25.0M | $1.4B | ||
| Q2 25 | $20.0M | $1.6B | ||
| Q1 25 | $8.0M | $1.5B | ||
| Q4 24 | $42.0M | $1.2B | ||
| Q3 24 | $9.0M | $908.7M | ||
| Q2 24 | $8.0M | $579.7M |
| Q1 26 | — | $0 | ||
| Q4 25 | $5.2B | $2.9B | ||
| Q3 25 | $5.2B | $2.9B | ||
| Q2 25 | $5.3B | $2.9B | ||
| Q1 25 | $5.5B | $2.9B | ||
| Q4 24 | $5.5B | $2.9B | ||
| Q3 24 | $5.9B | $2.9B | ||
| Q2 24 | $6.1B | $2.9B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $11.2B | $3.9B | ||
| Q3 25 | $10.2B | $3.5B | ||
| Q2 25 | $10.4B | $3.1B | ||
| Q1 25 | $10.1B | $2.7B | ||
| Q4 24 | $10.3B | $2.4B | ||
| Q3 24 | $10.7B | $1.8B | ||
| Q2 24 | $10.3B | $1.5B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $20.4B | $12.2B | ||
| Q3 25 | $19.4B | $10.8B | ||
| Q2 25 | $19.7B | $10.4B | ||
| Q1 25 | $19.6B | $9.5B | ||
| Q4 24 | $19.3B | $9.1B | ||
| Q3 24 | $19.9B | $8.9B | ||
| Q2 24 | $19.8B | $8.1B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.46× | 0.74× | ||
| Q3 25 | 0.51× | 0.83× | ||
| Q2 25 | 0.51× | 0.93× | ||
| Q1 25 | 0.55× | 1.10× | ||
| Q4 24 | 0.53× | 1.20× | ||
| Q3 24 | 0.55× | 1.62× | ||
| Q2 24 | 0.59× | 1.91× |
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 | $652.8M |
| FCF MarginFCF / Revenue | 23.8% | 24.6% |
| Capex IntensityCapex / Revenue | 22.6% | 4.2% |
| Cash ConversionOCF / Net Profit | 1.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $954.0M | $978.9M | ||
| Q3 25 | $812.0M | $508.7M | ||
| Q2 25 | $1.0B | $322.9M | ||
| Q1 25 | $873.0M | $303.3M | ||
| Q4 24 | $1.0B | $425.2M | ||
| Q3 24 | $1.0B | $378.2M | ||
| Q2 24 | $1.0B | $378.4M |
| Q1 26 | — | $652.8M | ||
| Q4 25 | $489.0M | $885.6M | ||
| Q3 25 | $268.0M | $463.5M | ||
| Q2 25 | $492.0M | $277.9M | ||
| Q1 25 | $256.0M | $266.8M | ||
| Q4 24 | $468.0M | $364.5M | ||
| Q3 24 | $484.0M | $341.8M | ||
| Q2 24 | $398.0M | $344.3M |
| Q1 26 | — | 24.6% | ||
| Q4 25 | 23.8% | 30.8% | ||
| Q3 25 | 13.3% | 17.3% | ||
| Q2 25 | 22.2% | 10.5% | ||
| Q1 25 | 10.8% | 13.1% | ||
| Q4 24 | 21.4% | 15.5% | ||
| Q3 24 | 22.2% | 16.5% | ||
| Q2 24 | 18.1% | 17.6% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 22.6% | 3.2% | ||
| Q3 25 | 26.9% | 1.7% | ||
| Q2 25 | 23.5% | 1.7% | ||
| Q1 25 | 26.0% | 1.8% | ||
| Q4 24 | 25.3% | 2.6% | ||
| Q3 24 | 24.7% | 1.8% | ||
| Q2 24 | 28.4% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | 2.20× | ||
| Q3 25 | 5.49× | 1.28× | ||
| Q2 25 | 3.30× | 1.00× | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 2.02× | 2.14× | ||
| Q2 24 | 3.00× | 2.12× |
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% |
VRT
Segment breakdown not available.
