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Side-by-side financial comparison of Ovintiv Inc. (OVV) and XPO, Inc. (XPO). Click either name above to swap in a different company.
Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $2.0B, roughly 1.0× XPO, Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 2.9%, a 43.1% gap on every dollar of revenue. On growth, XPO, Inc. posted the faster year-over-year revenue change (4.7% vs -6.0%). Over the past eight quarters, XPO, Inc.'s revenue compounded faster (-0.1% 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.
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
OVV vs XPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.0B |
| Net Profit | $946.0M | $59.0M |
| Gross Margin | — | — |
| Operating Margin | 21.2% | 7.1% |
| Net Margin | 46.1% | 2.9% |
| Revenue YoY | -6.0% | 4.7% |
| Net Profit YoY | 1676.7% | -21.3% |
| EPS (diluted) | $3.64 | $0.49 |
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 | $2.0B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $2.2B | $1.9B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.2B | $2.1B | ||
| Q1 24 | $2.4B | $2.0B |
| Q4 25 | $946.0M | $59.0M | ||
| Q3 25 | $148.0M | $82.0M | ||
| Q2 25 | $307.0M | $106.0M | ||
| Q1 25 | $-159.0M | $69.0M | ||
| Q4 24 | $-60.0M | $75.0M | ||
| Q3 24 | $507.0M | $95.0M | ||
| Q2 24 | $340.0M | $150.0M | ||
| Q1 24 | $338.0M | $67.0M |
| Q4 25 | 21.2% | 7.1% | ||
| Q3 25 | 13.5% | 7.8% | ||
| Q2 25 | 23.1% | 9.5% | ||
| Q1 25 | -3.7% | 7.7% | ||
| Q4 24 | 0.1% | 7.8% | ||
| Q3 24 | 24.2% | 8.6% | ||
| Q2 24 | 25.4% | 9.5% | ||
| Q1 24 | 20.7% | 6.8% |
| Q4 25 | 46.1% | 2.9% | ||
| Q3 25 | 7.3% | 3.9% | ||
| Q2 25 | 13.9% | 5.1% | ||
| Q1 25 | -6.7% | 3.5% | ||
| Q4 24 | -2.7% | 3.9% | ||
| Q3 24 | 23.3% | 4.6% | ||
| Q2 24 | 15.5% | 7.2% | ||
| Q1 24 | 14.2% | 3.3% |
| Q4 25 | $3.64 | $0.49 | ||
| Q3 25 | $0.57 | $0.68 | ||
| Q2 25 | $1.18 | $0.89 | ||
| Q1 25 | $-0.61 | $0.58 | ||
| Q4 24 | $-0.22 | $0.63 | ||
| Q3 24 | $1.92 | $0.79 | ||
| Q2 24 | $1.27 | $1.25 | ||
| Q1 24 | $1.24 | $0.56 |
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 | $310.0M |
| Total DebtLower is stronger | $5.2B | — |
| Stockholders' EquityBook value | $11.2B | $1.9B |
| Total Assets | $20.4B | $8.2B |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $280.0M | $310.0M | ||
| Q3 25 | $25.0M | $335.0M | ||
| Q2 25 | $20.0M | $225.0M | ||
| Q1 25 | $8.0M | $212.0M | ||
| Q4 24 | $42.0M | $246.0M | ||
| Q3 24 | $9.0M | $378.0M | ||
| Q2 24 | $8.0M | $250.0M | ||
| Q1 24 | $5.0M | $229.0M |
| 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 | $1.9B | ||
| Q3 25 | $10.2B | $1.8B | ||
| Q2 25 | $10.4B | $1.8B | ||
| Q1 25 | $10.1B | $1.6B | ||
| Q4 24 | $10.3B | $1.6B | ||
| Q3 24 | $10.7B | $1.6B | ||
| Q2 24 | $10.3B | $1.5B | ||
| Q1 24 | $10.3B | $1.3B |
| Q4 25 | $20.4B | $8.2B | ||
| Q3 25 | $19.4B | $8.2B | ||
| Q2 25 | $19.7B | $8.1B | ||
| Q1 25 | $19.6B | $7.9B | ||
| Q4 24 | $19.3B | $7.7B | ||
| Q3 24 | $19.9B | $7.9B | ||
| Q2 24 | $19.8B | $7.7B | ||
| Q1 24 | $19.8B | $7.6B |
| 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 | — |
| Free Cash FlowOCF − Capex | $489.0M | — |
| FCF MarginFCF / Revenue | 23.8% | — |
| Capex IntensityCapex / Revenue | 22.6% | 5.3% |
| Cash ConversionOCF / Net Profit | 1.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $954.0M | — | ||
| Q3 25 | $812.0M | $371.0M | ||
| Q2 25 | $1.0B | $247.0M | ||
| Q1 25 | $873.0M | $142.0M | ||
| Q4 24 | $1.0B | $189.0M | ||
| Q3 24 | $1.0B | $264.0M | ||
| Q2 24 | $1.0B | $210.0M | ||
| Q1 24 | $659.0M | $145.0M |
| Q4 25 | $489.0M | — | ||
| Q3 25 | $268.0M | $215.0M | ||
| Q2 25 | $492.0M | $51.0M | ||
| Q1 25 | $256.0M | $-57.0M | ||
| Q4 24 | $468.0M | $23.0M | ||
| Q3 24 | $484.0M | $137.0M | ||
| Q2 24 | $398.0M | $20.0M | ||
| Q1 24 | $68.0M | $-161.0M |
| Q4 25 | 23.8% | — | ||
| Q3 25 | 13.3% | 10.2% | ||
| Q2 25 | 22.2% | 2.5% | ||
| Q1 25 | 10.8% | -2.9% | ||
| Q4 24 | 21.4% | 1.2% | ||
| Q3 24 | 22.2% | 6.7% | ||
| Q2 24 | 18.1% | 1.0% | ||
| Q1 24 | 2.8% | -8.0% |
| Q4 25 | 22.6% | 5.3% | ||
| Q3 25 | 26.9% | 7.4% | ||
| Q2 25 | 23.5% | 9.4% | ||
| Q1 25 | 26.0% | 10.2% | ||
| Q4 24 | 25.3% | 8.6% | ||
| Q3 24 | 24.7% | 6.2% | ||
| Q2 24 | 28.4% | 9.1% | ||
| Q1 24 | 24.8% | 15.2% |
| Q4 25 | 1.01× | — | ||
| Q3 25 | 5.49× | 4.52× | ||
| Q2 25 | 3.30× | 2.33× | ||
| Q1 25 | — | 2.06× | ||
| Q4 24 | — | 2.52× | ||
| Q3 24 | 2.02× | 2.78× | ||
| Q2 24 | 3.00× | 1.40× | ||
| Q1 24 | 1.95× | 2.16× |
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% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
