ORC vs RCfile
According to a posting on the Hortonworks site, both the compression and the performance for ORC files are vastly superior to both plain text Hive tables and RCfile tables. For compression, ORC files are listed as 78% smaller than plain text files. And for performance, ORC files support predicate pushdown and improved indexing that can result in a 44x (4,400%) improvement. Needless to say, for Hive, ORC files will gain in popularity. (you can read the posting here: ORC File in HDP 2: Better Compression, Better Performance).
Parquet vs ORC
On Stackoverflow, contributor Rahul posted an extensive list of results he did comparing ORC vs. Parquet, along with different compressions. You can find the full results here: http://stackoverflow.com/questions/32373460/parquet-vs-orc-vs-orc-with-snappy.
Below are the results that were posted by Rahul:
Table A - Text File Format- 2.5GB
Table B - ORC - 652MB
Table C - ORC with Snappy - 802MB
Table D - Parquet - 1.9 GB
Parquet was worst as far as compression for my table is concerned.
My tests with the above tables yielded following results.
Row count operation
Text Format Cumulative CPU - 123.33 sec
Parquet Format Cumulative CPU - 204.92 sec
ORC Format Cumulative CPU - 119.99 sec
ORC with SNAPPY Cumulative CPU - 107.05 sec
Sum of a column operation
Text Format Cumulative CPU - 127.85 sec
Parquet Format Cumulative CPU - 255.2 sec
ORC Format Cumulative CPU - 120.48 sec
ORC with SNAPPY Cumulative CPU - 98.27 sec
Average of a column operation
Text Format Cumulative CPU - 128.79 sec
Parquet Format Cumulative CPU - 211.73 sec
ORC Format Cumulative CPU - 165.5 sec
ORC with SNAPPY Cumulative CPU - 135.45 sec
Selecting 4 columns from a given range using where clause
Text Format Cumulative CPU - 72.48 sec
Parquet Format Cumulative CPU - 136.4 sec
ORC Format Cumulative CPU - 96.63 sec
ORC with SNAPPY Cumulative CPU - 82.05 sec