Comprehensive Stock Comparison
Compare EOG Resources, Inc. (EOG) vs Ovintiv Inc. (OVV) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | EOG | -3.5% revenue growth vs OVV's -4.5% |
| Value | OVV | Lower P/E (12.0x vs 13.0x) |
| Quality / Margins | EOG | 22.1% net margin vs OVV's 14.1% |
| Stability / Safety | EOG | Beta 0.79 vs OVV's 1.42, lower leverage |
| Dividends | EOG | 3.2% yield, 1-year raise streak, vs OVV's 2.3% |
| Momentum (1Y) | OVV | +19.2% vs EOG's +0.9% |
| Efficiency (ROA) | EOG | 9.6% ROA vs OVV's 6.1%, ROIC 19.1% vs 8.0% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
EOG Resources is a leading independent exploration and production company focused on finding and developing oil and natural gas reserves. It generates revenue primarily from crude oil sales (roughly 70% of total revenue), with natural gas and natural gas liquids making up the remainder. The company's competitive advantage lies in its premium drilling inventory—particularly in the Delaware Basin and Eagle Ford shale—where its technical expertise and operational efficiency deliver industry-leading returns.
Ovintiv is an independent North American energy company that explores for, develops, and produces natural gas, oil, and natural gas liquids. It generates revenue primarily from selling hydrocarbons produced from its core assets — roughly 60% from the Permian and Anadarko basins in the U.S. and 40% from Canadian operations like the Montney formation. The company's competitive advantage lies in its large, low-cost resource base across premier North American basins and its operational scale, which drives capital efficiency.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
EOG leads in 2 of 6 categories (Financial Metrics, Profitability & Efficiency). OVV leads in 2 (Valuation Metrics, Total Returns). 2 tied.
Financial Metrics (TTM)
EOG is the larger business by revenue, generating $22.6B annually — 2.6x OVV's $8.8B. EOG is the more profitable business, keeping 22.1% of every revenue dollar as net income compared to OVV's 14.1%. On growth, EOG holds the edge at -0.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | EOGEOG Resources, In… | OVVOvintiv Inc. |
|---|---|---|
| RevenueTrailing 12 months | $22.6B | $8.8B |
| EBITDAEarnings before interest/tax | $12.7B | $3.3B |
| Net IncomeAfter-tax profit | $5.0B | $1.2B |
| Free Cash FlowCash after capex | $3.6B | $3.6B |
| Gross MarginGross profit ÷ Revenue | +68.1% | +47.1% |
| Operating MarginEBIT ÷ Revenue | +35.1% | +12.6% |
| Net MarginNet income ÷ Revenue | +22.1% | +14.1% |
| FCF MarginFCF ÷ Revenue | +15.8% | +41.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.2% | -5.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -41.7% | +16.8% |
Valuation Metrics
At 10.6x trailing earnings, OVV trades at a 22% valuation discount to EOG's 13.6x P/E. On an enterprise value basis, OVV's 5.0x EV/EBITDA is more attractive than EOG's 5.7x.
| Metric | EOGEOG Resources, In… | OVVOvintiv Inc. |
|---|---|---|
| Market CapShares × price | $67.3B | $12.8B |
| Enterprise ValueMkt cap + debt − cash | $72.3B | $20.3B |
| Trailing P/EPrice ÷ TTM EPS | 13.62x | 10.58x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.96x | 11.97x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 5.71x | 4.96x |
| Price / SalesMarket cap ÷ Revenue | 2.98x | 1.47x |
| Price / BookPrice ÷ Book value/share | 2.24x | 1.17x |
| Price / FCFMarket cap ÷ FCF | 17.14x | 8.51x |
Profitability & Efficiency
EOG delivers a 16.7% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $11 for OVV. EOG carries lower financial leverage with a 0.28x debt-to-equity ratio, signaling a more conservative balance sheet compared to OVV's 0.67x. On the Piotroski fundamental quality scale (0–9), OVV scores 6/9 vs EOG's 4/9, reflecting solid financial health.
| Metric | EOGEOG Resources, In… | OVVOvintiv Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +16.7% | +11.1% |
| ROA (TTM)Return on assets | +9.6% | +6.1% |
| ROICReturn on invested capital | +19.1% | +8.0% |
| ROCEReturn on capital employed | +17.6% | +11.1% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 0.28x | 0.67x |
| Net DebtTotal debt minus cash | $5.0B | $7.5B |
| Cash & Equiv.Liquid assets | $3.4B | $35M |
| Total DebtShort + long-term debt | $8.4B | $7.5B |
| Interest CoverageEBIT ÷ Interest expense | 29.82x | 3.06x |
Total Returns (with DRIP)
A $10,000 investment in EOG five years ago would be worth $23,291 today (with dividends reinvested), compared to $22,658 for OVV. Over the past 12 months, OVV leads with a +19.2% total return vs EOG's +0.9%. The 3-year compound annual growth rate (CAGR) favors OVV at 8.2% vs EOG's 6.7% — a key indicator of consistent wealth creation.
| Metric | EOGEOG Resources, In… | OVVOvintiv Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +16.6% | +24.9% |
| 1-Year ReturnPast 12 months | +0.9% | +19.2% |
| 3-Year ReturnCumulative with dividends | +21.6% | +26.6% |
| 5-Year ReturnCumulative with dividends | +132.9% | +126.6% |
| 10-Year ReturnCumulative with dividends | +141.1% | +166.7% |
| CAGR (3Y)Annualised 3-year return | +6.7% | +8.2% |
Risk & Volatility
EOG is the less volatile stock with a 0.79 beta — it tends to amplify market swings less than OVV's 1.42 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | EOGEOG Resources, In… | OVVOvintiv Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.79x | 1.42x |
| 52-Week HighHighest price in past year | $130.52 | $51.60 |
| 52-Week LowLowest price in past year | $101.59 | $29.80 |
| % of 52W HighCurrent price vs 52-week peak | +95.1% | +98.0% |
| RSI (14)Momentum oscillator 0–100 | 60.7 | 63.8 |
| Avg Volume (50D)Average daily shares traded | 3.8M | 3.8M |
Analyst Outlook
Wall Street rates EOG as "Buy" and OVV as "Buy". Consensus price targets imply 7.4% upside for EOG (target: $133) vs 3.1% for OVV (target: $52). For income investors, EOG offers the higher dividend yield at 3.23% vs OVV's 2.34%.
| Metric | EOGEOG Resources, In… | OVVOvintiv Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $133.21 | $52.14 |
| # AnalystsCovering analysts | 65 | 26 |
| Dividend YieldAnnual dividend ÷ price | +3.2% | +2.3% |
| Dividend StreakConsecutive years of raises | 1 | 5 |
| Dividend / ShareAnnual DPS | $4.01 | $1.19 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.4% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| EOG Resources, Inc. (EOG) | 100 | 171.37 | +71.4% |
| Ovintiv Inc. (OVV) | 100 | 367.79 | +267.8% |
EOG Resources, Inc. (EOG) returned +133% over 5 years vs Ovintiv Inc. (OVV)'s +127%. A $10,000 investment in EOG 5 years ago would be worth $23,291 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| EOG Resources, Inc. (EOG) | $7.5B | $22.6B | +202.4% |
| Ovintiv Inc. (OVV) | $2.9B | $8.7B | +199.4% |
EOG Resources, Inc.'s revenue grew from $7.5B (2016) to $22.6B (2025) — a 13.1% CAGR. Ovintiv Inc.'s revenue grew from $2.9B (2016) to $8.7B (2025) — a 13.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| EOG Resources, Inc. (EOG) | -14.7% | 22.1% | +250.2% |
| Ovintiv Inc. (OVV) | -32.4% | 14.2% | +143.9% |
EOG Resources, Inc.'s net margin went from -15% (2016) to 22% (2025). Ovintiv Inc.'s net margin went from -32% (2016) to 14% (2025).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| EOG Resources, Inc. (EOG) | 24.2 | 11.5 | -52.5% |
| Ovintiv Inc. (OVV) | 15.7 | 8.2 | -47.8% |
EOG Resources, Inc. has traded in a 9x–24x P/E range over 8 years; current trailing P/E is ~14x. Ovintiv Inc. has traded in a 4x–26x P/E range over 8 years; current trailing P/E is ~11x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| EOG Resources, Inc. (EOG) | -1.98 | 9.11 | +560.1% |
| Ovintiv Inc. (OVV) | -5.35 | 4.78 | +189.3% |
EOG Resources, Inc.'s EPS grew from $-1.98 (2016) to $9.11 (2025). Ovintiv Inc.'s EPS grew from $-5.35 (2016) to $4.78 (2025).
Chart 6Free Cash Flow — 5 Years
EOG Resources, Inc. generated $4B FCF in 2025 (-20% vs 2021). Ovintiv Inc. generated $2B FCF in 2025 (-7% vs 2021).
EOG vs OVV: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is EOG or OVV a better buy right now?
Ovintiv Inc. (OVV) offers the better valuation at 10.6x trailing P/E (12.0x forward), making it the more compelling value choice. Analysts rate EOG Resources, Inc. (EOG) a "Buy" — based on 65 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EOG or OVV?
On trailing P/E, Ovintiv Inc. (OVV) is the cheapest at 10.6x versus EOG Resources, Inc. at 13.6x. On forward P/E, Ovintiv Inc. is actually cheaper at 12.0x.
03Which is the better long-term investment — EOG or OVV?
Over the past 5 years, EOG Resources, Inc. (EOG) delivered a total return of +132.9%, compared to +126.6% for Ovintiv Inc. (OVV). A $10,000 investment in EOG five years ago would be worth approximately $23K today (assuming dividends reinvested). Over 10 years, the gap is even starker: OVV returned +166.7% versus EOG's +141.1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EOG or OVV?
By beta (market sensitivity over 5 years), EOG Resources, Inc. (EOG) is the lower-risk stock at 0.79β versus Ovintiv Inc.'s 1.42β — meaning OVV is approximately 81% more volatile than EOG relative to the S&P 500. On balance sheet safety, EOG Resources, Inc. (EOG) carries a lower debt/equity ratio of 28% versus 67% for Ovintiv Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — EOG or OVV?
EOG Resources, Inc. (EOG) is the more profitable company, earning 22.1% net margin versus 14.2% for Ovintiv Inc. — meaning it keeps 22.1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EOG leads at 35.1% versus 21.6% for OVV. At the gross margin level — before operating expenses — EOG leads at 68.1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is EOG or OVV more undervalued right now?
On forward earnings alone, Ovintiv Inc. (OVV) trades at 12.0x forward P/E versus 13.0x for EOG Resources, Inc. — 1.0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EOG: 7.4% to $133.21.
07Which pays a better dividend — EOG or OVV?
All stocks in this comparison pay dividends. EOG Resources, Inc. (EOG) offers the highest yield at 3.2%, versus 2.3% for Ovintiv Inc. (OVV).
08Is EOG or OVV better for a retirement portfolio?
For long-horizon retirement investors, EOG Resources, Inc. (EOG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.79), 3.2% yield, +141.1% 10Y return). Both have compounded well over 10 years (EOG: +141.1%, OVV: +166.7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between EOG and OVV?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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