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Side-by-side financial comparison of Ovintiv Inc. (OVV) and VIASAT INC (VSAT). Click either name above to swap in a different company.
Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.8× VIASAT INC). Ovintiv Inc. runs the higher net margin — 46.1% vs 2.2%, a 43.9% gap on every dollar of revenue. On growth, VIASAT INC posted the faster year-over-year revenue change (3.0% vs -6.0%). Over the past eight quarters, VIASAT INC's revenue compounded faster (0.3% 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.
Viasat, Inc. is an American communications company based in Carlsbad, California, with additional operations across the United States and worldwide. Viasat is a provider of high-speed satellite broadband services and secure networking systems covering military and commercial markets.
OVV vs VSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $1.2B |
| Net Profit | $946.0M | $25.0M |
| Gross Margin | — | — |
| Operating Margin | 21.2% | 2.3% |
| Net Margin | 46.1% | 2.2% |
| Revenue YoY | -6.0% | 3.0% |
| Net Profit YoY | 1676.7% | 115.8% |
| EPS (diluted) | $3.64 | $0.18 |
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 | $1.2B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.4B | $1.1B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.2B | $1.1B | ||
| Q1 24 | $2.4B | $1.2B |
| Q4 25 | $946.0M | $25.0M | ||
| Q3 25 | $148.0M | $-61.4M | ||
| Q2 25 | $307.0M | $-56.4M | ||
| Q1 25 | $-159.0M | $-246.1M | ||
| Q4 24 | $-60.0M | $-158.4M | ||
| Q3 24 | $507.0M | $-137.6M | ||
| Q2 24 | $340.0M | $-32.9M | ||
| Q1 24 | $338.0M | $-100.3M |
| Q4 25 | 21.2% | 2.3% | ||
| Q3 25 | 13.5% | 3.1% | ||
| Q2 25 | 23.1% | 4.0% | ||
| Q1 25 | -3.7% | -13.4% | ||
| Q4 24 | 0.1% | 1.9% | ||
| Q3 24 | 24.2% | -2.2% | ||
| Q2 24 | 25.4% | 5.3% | ||
| Q1 24 | 20.7% | 0.0% |
| Q4 25 | 46.1% | 2.2% | ||
| Q3 25 | 7.3% | -5.4% | ||
| Q2 25 | 13.9% | -4.8% | ||
| Q1 25 | -6.7% | -21.5% | ||
| Q4 24 | -2.7% | -14.1% | ||
| Q3 24 | 23.3% | -12.3% | ||
| Q2 24 | 15.5% | -2.9% | ||
| Q1 24 | 14.2% | -8.7% |
| Q4 25 | $3.64 | $0.18 | ||
| Q3 25 | $0.57 | $-0.45 | ||
| Q2 25 | $1.18 | $-0.43 | ||
| Q1 25 | $-0.61 | $-1.92 | ||
| Q4 24 | $-0.22 | $-1.23 | ||
| Q3 24 | $1.92 | $-1.07 | ||
| Q2 24 | $1.27 | $-0.26 | ||
| Q1 24 | $1.24 | $-1.14 |
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 | $1.3B |
| Total DebtLower is stronger | $5.2B | $6.2B |
| Stockholders' EquityBook value | $11.2B | $4.6B |
| Total Assets | $20.4B | $14.9B |
| Debt / EquityLower = less leverage | 0.46× | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $280.0M | $1.3B | ||
| Q3 25 | $25.0M | $1.2B | ||
| Q2 25 | $20.0M | $1.2B | ||
| Q1 25 | $8.0M | $1.6B | ||
| Q4 24 | $42.0M | $1.6B | ||
| Q3 24 | $9.0M | $3.5B | ||
| Q2 24 | $8.0M | $1.8B | ||
| Q1 24 | $5.0M | $1.9B |
| Q4 25 | $5.2B | $6.2B | ||
| Q3 25 | $5.2B | $6.5B | ||
| Q2 25 | $5.3B | $6.5B | ||
| Q1 25 | $5.5B | $6.5B | ||
| Q4 24 | $5.5B | $6.5B | ||
| Q3 24 | $5.9B | $6.4B | ||
| Q2 24 | $6.1B | $7.1B | ||
| Q1 24 | $6.2B | $7.1B |
| Q4 25 | $11.2B | $4.6B | ||
| Q3 25 | $10.2B | $4.5B | ||
| Q2 25 | $10.4B | $4.6B | ||
| Q1 25 | $10.1B | $4.6B | ||
| Q4 24 | $10.3B | $4.8B | ||
| Q3 24 | $10.7B | $4.9B | ||
| Q2 24 | $10.3B | $5.0B | ||
| Q1 24 | $10.3B | $5.0B |
| Q4 25 | $20.4B | $14.9B | ||
| Q3 25 | $19.4B | $14.8B | ||
| Q2 25 | $19.7B | $14.9B | ||
| Q1 25 | $19.6B | $15.4B | ||
| Q4 24 | $19.3B | $15.6B | ||
| Q3 24 | $19.9B | $17.8B | ||
| Q2 24 | $19.8B | $16.1B | ||
| Q1 24 | $19.8B | $16.3B |
| Q4 25 | 0.46× | 1.37× | ||
| Q3 25 | 0.51× | 1.44× | ||
| Q2 25 | 0.51× | 1.43× | ||
| Q1 25 | 0.55× | 1.43× | ||
| Q4 24 | 0.53× | 1.37× | ||
| Q3 24 | 0.55× | 1.30× | ||
| Q2 24 | 0.59× | 1.42× | ||
| Q1 24 | 0.60× | 1.42× |
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 | $726.9M |
| Free Cash FlowOCF − Capex | $489.0M | — |
| FCF MarginFCF / Revenue | 23.8% | — |
| Capex IntensityCapex / Revenue | 22.6% | — |
| Cash ConversionOCF / Net Profit | 1.01× | 29.11× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $954.0M | $726.9M | ||
| Q3 25 | $812.0M | $282.2M | ||
| Q2 25 | $1.0B | $258.5M | ||
| Q1 25 | $873.0M | $298.4M | ||
| Q4 24 | $1.0B | $219.5M | ||
| Q3 24 | $1.0B | $239.2M | ||
| Q2 24 | $1.0B | $151.1M | ||
| Q1 24 | $659.0M | $232.0M |
| Q4 25 | $489.0M | — | ||
| Q3 25 | $268.0M | — | ||
| Q2 25 | $492.0M | — | ||
| Q1 25 | $256.0M | — | ||
| Q4 24 | $468.0M | — | ||
| Q3 24 | $484.0M | — | ||
| Q2 24 | $398.0M | — | ||
| Q1 24 | $68.0M | — |
| Q4 25 | 23.8% | — | ||
| Q3 25 | 13.3% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 18.1% | — | ||
| Q1 24 | 2.8% | — |
| Q4 25 | 22.6% | — | ||
| Q3 25 | 26.9% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 26.0% | — | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 24.8% | — |
| Q4 25 | 1.01× | 29.11× | ||
| 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% |
VSAT
| Products | $334.2M | 29% |
| Aviation Services | $303.7M | 26% |
| Government Satcom Services | $202.4M | 17% |
| Maritime Services | $114.9M | 10% |
| Information Security And Cyber Defense Products | $97.0M | 8% |
| Tactical Networking Products | $93.9M | 8% |
| Navarino Uk And Jsat Mobile | $15.5M | 1% |
| Advanced Technologies And Other Products | $6.1M | 1% |
