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Old Republic International vs Octave Specialty: revenue, profit, margins and growth compared

Old Republic International brought in $9.1B of revenue in fiscal 2025, Octave Specialty $251.2M in fiscal 2025. Revenue changed by +11.0% at Old Republic International and +6.5% at Octave Specialty on the year before, so Old Republic International grew faster. Old Republic International kept 10.2% of its revenue as net profit, Octave Specialty -103.1%.

Side by side, latest fiscal year

ORIOSG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$9.1B$251.2M
Revenue growth+11.0%+6.5%
Net income$935.4M-$259.1M
Net margin10.2%-103.1%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$3.72-$5.93
Cash$263.2M$68.4M
Debt$1.6B$117.6M
Price to earnings10.2n/a
Market value$9.1B$188.8M
Dividend yield9.70%n/a
Rank by revenue in sector#63 of 444 · Finance#288 of 444 · Finance

Over the years

Revenue
ORI FY2018: $6.3BORI FY2019: $7.5BORI FY2020: $7.2BORI FY2021: $9.3BORI FY2022: $8.1BORI FY2023: $7.3BORI FY2024: $8.2BORI FY2025: $9.1BOSG FY2018: $511MOSG FY2019: $496MOSG FY2020: $156MOSG FY2021: $282MOSG FY2022: $53.6MOSG FY2023: $124.7MOSG FY2024: $235.8MOSG FY2025: $251.2MFY18FY19FY20FY21FY22FY23FY24FY25
ORI $9.1BOSG $251.2M
Net income
ORI FY2018: $370.5MORI FY2019: $1.1BORI FY2020: $558.6MORI FY2021: $1.5BORI FY2022: $686.4MORI FY2023: $598.6MORI FY2024: $852.7MORI FY2025: $935.4MOSG FY2018: $186MOSG FY2019: -$216MOSG FY2020: -$437MOSG FY2021: -$17MOSG FY2022: $522.1MOSG FY2023: $5MOSG FY2024: -$556.1MOSG FY2025: -$259.1MFY18FY19FY20FY21FY22FY23FY24FY25
ORI $935.4MOSG -$259.1M
Net margin
ORI FY2018: 5.9%ORI FY2019: 14.2%ORI FY2020: 7.8%ORI FY2021: 16.4%ORI FY2022: 8.5%ORI FY2023: 8.2%ORI FY2024: 10.4%ORI FY2025: 10.2%OSG FY2018: 36.4%OSG FY2019: -43.5%OSG FY2020: -280.1%OSG FY2021: -6.0%OSG FY2022: 973.9%OSG FY2023: 4.0%OSG FY2024: -235.8%OSG FY2025: -103.1%FY18FY19FY20FY21FY22FY23FY24FY25
ORI 10.2%OSG -103.1%
Revenue growth
ORI FY2019: +19.2%ORI FY2020: -3.9%ORI FY2021: +30.4%ORI FY2022: -13.5%ORI FY2023: -10.2%ORI FY2024: +13.4%ORI FY2025: +11.0%OSG FY2019: -2.9%OSG FY2020: -68.5%OSG FY2021: +80.8%OSG FY2022: -81.0%OSG FY2023: +132.6%OSG FY2024: +89.1%OSG FY2025: +6.5%FY19FY20FY21FY22FY23FY24FY25
ORI +11.0%OSG +6.5%

Fiscal years as each company reports them; the two may end in different months.

Questions about Old Republic International and Octave Specialty

Which is bigger by revenue, Old Republic International or Octave Specialty?

Old Republic International is bigger by revenue: $9.1B in fiscal 2025, against $251.2M for Octave Specialty in fiscal 2025.

Which keeps more of its revenue as profit, Old Republic International or Octave Specialty?

Old Republic International had a net margin of 10.2% in fiscal 2025; Octave Specialty had -103.1% in fiscal 2025.

Which grew revenue faster, Old Republic International or Octave Specialty?

In their latest fiscal years revenue changed by +11.0% at Old Republic International and +6.5% at Octave Specialty.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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