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OVV vs COP

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
OVV
Ovintiv Inc.

Oil & Gas Exploration & Production

EnergyNYSE • US
Market Cap$15.17B
5Y Perf.+678.9%
COP
ConocoPhillips

Oil & Gas Exploration & Production

EnergyNYSE • US
Market Cap$144.92B
5Y Perf.+181.9%

OVV vs COP — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
OVV logoOVV
COP logoCOP
IndustryOil & Gas Exploration & ProductionOil & Gas Exploration & Production
Market Cap$15.17B$144.92B
Revenue (TTM)$8.79B$58.31B
Net Income (TTM)$1.24B$7.32B
Gross Margin47.1%29.2%
Operating Margin12.6%18.3%
Forward P/E7.7x13.8x
Total Debt$7.53B$23.44B
Cash & Equiv.$35M$6.50B

OVV vs COPLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

OVV
COP
StockMay 20May 26Return
Ovintiv Inc. (OVV)100778.9+678.9%
ConocoPhillips (COP)100281.9+181.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: OVV vs COP

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: OVV leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. ConocoPhillips is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
OVV
Ovintiv Inc.
The Value Play

OVV carries the broadest edge in this set and is the clearest fit for value and quality.

  • Lower P/E (7.7x vs 13.8x)
  • 14.1% margin vs COP's 12.6%
  • 2.0% yield, 5-year raise streak, vs COP's 2.7%
Best for: value and quality
COP
ConocoPhillips
The Income Pick

COP is the clearest fit if your priority is income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.08, yield 2.7%
  • Rev growth 7.5%, EPS growth -18.7%, 3Y rev CAGR -9.3%
  • 234.2% 10Y total return vs OVV's 114.3%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthCOP logoCOP7.5% revenue growth vs OVV's -4.5%
ValueOVV logoOVVLower P/E (7.7x vs 13.8x)
Quality / MarginsOVV logoOVV14.1% margin vs COP's 12.6%
Stability / SafetyCOP logoCOPBeta 0.08 vs OVV's 0.22, lower leverage
DividendsOVV logoOVV2.0% yield, 5-year raise streak, vs COP's 2.7%
Momentum (1Y)OVV logoOVV+76.3% vs COP's +39.4%
Efficiency (ROA)OVV logoOVV6.1% ROA vs COP's 6.0%, ROIC 8.0% vs 10.4%

OVV vs COP — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

OVVOvintiv Inc.
FY 2025
Natural Gas
100.0%$1.6B
COPConocoPhillips
FY 2025
Crude oil product line
75.7%$39.1B
Natural Gas Product Line
17.1%$8.9B
Natural Gas Liquids
7.2%$3.7B

OVV vs COP — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLOVVLAGGINGCOP

Income & Cash Flow (Last 12 Months)

OVV leads this category, winning 4 of 6 comparable metrics.

COP is the larger business by revenue, generating $58.3B annually — 6.6x OVV's $8.8B. Profitability is closely matched — net margins range from 14.1% (OVV) to 12.6% (COP).

MetricOVV logoOVVOvintiv Inc.COP logoCOPConocoPhillips
RevenueTrailing 12 months$8.8B$58.3B
EBITDAEarnings before interest/tax$3.3B$22.4B
Net IncomeAfter-tax profit$1.2B$7.3B
Free Cash FlowCash after capex$3.6B$18.3B
Gross MarginGross profit ÷ Revenue+47.1%+29.2%
Operating MarginEBIT ÷ Revenue+12.6%+18.3%
Net MarginNet income ÷ Revenue+14.1%+12.6%
FCF MarginFCF ÷ Revenue+41.2%+31.4%
Rev. Growth (YoY)Latest quarter vs prior year-5.3%-2.5%
EPS Growth (YoY)Latest quarter vs prior year+16.8%-20.2%
OVV leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

OVV leads this category, winning 5 of 6 comparable metrics.

At 12.5x trailing earnings, OVV trades at a 33% valuation discount to COP's 18.7x P/E. On an enterprise value basis, OVV's 5.5x EV/EBITDA is more attractive than COP's 7.0x.

MetricOVV logoOVVOvintiv Inc.COP logoCOPConocoPhillips
Market CapShares × price$15.2B$144.9B
Enterprise ValueMkt cap + debt − cash$22.7B$161.9B
Trailing P/EPrice ÷ TTM EPS12.53x18.72x
Forward P/EPrice ÷ next-FY EPS est.7.72x13.76x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple5.53x6.98x
Price / SalesMarket cap ÷ Revenue1.74x2.47x
Price / BookPrice ÷ Book value/share1.39x2.31x
Price / FCFMarket cap ÷ FCF10.08x8.64x
OVV leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

Evenly matched — OVV and COP each lead in 4 of 8 comparable metrics.

COP delivers a 11.3% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $11 for OVV. COP carries lower financial leverage with a 0.36x debt-to-equity ratio, signaling a more conservative balance sheet compared to OVV's 0.67x.

MetricOVV logoOVVOvintiv Inc.COP logoCOPConocoPhillips
ROE (TTM)Return on equity+11.1%+11.3%
ROA (TTM)Return on assets+6.1%+6.0%
ROICReturn on invested capital+8.0%+10.4%
ROCEReturn on capital employed+11.1%+10.4%
Piotroski ScoreFundamental quality 0–966
Debt / EquityFinancial leverage0.67x0.36x
Net DebtTotal debt minus cash$7.5B$16.9B
Cash & Equiv.Liquid assets$35M$6.5B
Total DebtShort + long-term debt$7.5B$23.4B
Interest CoverageEBIT ÷ Interest expense3.06x9.42x
Evenly matched — OVV and COP each lead in 4 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

OVV leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in OVV five years ago would be worth $25,019 today (with dividends reinvested), compared to $24,499 for COP. Over the past 12 months, OVV leads with a +76.3% total return vs COP's +39.4%. The 3-year compound annual growth rate (CAGR) favors OVV at 22.0% vs COP's 8.5% — a key indicator of consistent wealth creation.

MetricOVV logoOVVOvintiv Inc.COP logoCOPConocoPhillips
YTD ReturnYear-to-date+48.7%+23.8%
1-Year ReturnPast 12 months+76.3%+39.4%
3-Year ReturnCumulative with dividends+81.6%+27.7%
5-Year ReturnCumulative with dividends+150.2%+145.0%
10-Year ReturnCumulative with dividends+114.3%+234.2%
CAGR (3Y)Annualised 3-year return+22.0%+8.5%
OVV leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

Evenly matched — OVV and COP each lead in 1 of 2 comparable metrics.

COP is the less volatile stock with a 0.08 beta — it tends to amplify market swings less than OVV's 0.22 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OVV currently trades 94.4% from its 52-week high vs COP's 87.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricOVV logoOVVOvintiv Inc.COP logoCOPConocoPhillips
Beta (5Y)Sensitivity to S&P 5000.22x0.08x
52-Week HighHighest price in past year$63.46$135.87
52-Week LowLowest price in past year$33.26$84.28
% of 52W HighCurrent price vs 52-week peak+94.4%+87.5%
RSI (14)Momentum oscillator 0–10068.050.2
Avg Volume (50D)Average daily shares traded4.1M9.6M
Evenly matched — OVV and COP each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — OVV and COP each lead in 1 of 2 comparable metrics.

Wall Street rates OVV as "Buy" and COP as "Buy". Consensus price targets imply 6.9% upside for COP (target: $127) vs -6.2% for OVV (target: $56). For income investors, COP offers the higher dividend yield at 2.68% vs OVV's 1.98%.

MetricOVV logoOVVOvintiv Inc.COP logoCOPConocoPhillips
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$56.20$127.07
# AnalystsCovering analysts2652
Dividend YieldAnnual dividend ÷ price+2.0%+2.7%
Dividend StreakConsecutive years of raises51
Dividend / ShareAnnual DPS$1.19$3.19
Buyback YieldShare repurchases ÷ mkt cap+2.0%+3.5%
Evenly matched — OVV and COP each lead in 1 of 2 comparable metrics.
Key Takeaway

OVV leads in 3 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 3 categories are tied.

Best OverallOvintiv Inc. (OVV)Leads 3 of 6 categories
Loading custom metrics...

OVV vs COP: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is OVV or COP a better buy right now?

For growth investors, ConocoPhillips (COP) is the stronger pick with 7.

5% revenue growth year-over-year, versus -4. 5% for Ovintiv Inc. (OVV). Ovintiv Inc. (OVV) offers the better valuation at 12. 5x trailing P/E (7. 7x forward), making it the more compelling value choice. Analysts rate Ovintiv Inc. (OVV) a "Buy" — based on 26 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.

02

Which has the better valuation — OVV or COP?

On trailing P/E, Ovintiv Inc.

(OVV) is the cheapest at 12. 5x versus ConocoPhillips at 18. 7x. On forward P/E, Ovintiv Inc. is actually cheaper at 7. 7x.

03

Which is the better long-term investment — OVV or COP?

Over the past 5 years, Ovintiv Inc.

(OVV) delivered a total return of +150. 2%, compared to +145. 0% for ConocoPhillips (COP). Over 10 years, the gap is even starker: COP returned +234. 2% versus OVV's +114. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — OVV or COP?

By beta (market sensitivity over 5 years), ConocoPhillips (COP) is the lower-risk stock at 0.

08β versus Ovintiv Inc. 's 0. 22β — meaning OVV is approximately 173% more volatile than COP relative to the S&P 500. On balance sheet safety, ConocoPhillips (COP) carries a lower debt/equity ratio of 36% versus 67% for Ovintiv Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — OVV or COP?

By revenue growth (latest reported year), ConocoPhillips (COP) is pulling ahead at 7.

5% versus -4. 5% for Ovintiv Inc. (OVV). On earnings-per-share growth, the picture is similar: Ovintiv Inc. grew EPS 13. 5% year-over-year, compared to -18. 7% for ConocoPhillips. Over a 3-year CAGR, COP leads at -9. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — OVV or COP?

Ovintiv Inc.

(OVV) is the more profitable company, earning 14. 2% net margin versus 13. 6% for ConocoPhillips — meaning it keeps 14. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OVV leads at 21. 6% versus 19. 6% for COP. At the gross margin level — before operating expenses — OVV leads at 28. 6%, 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.

07

Is OVV or COP more undervalued right now?

On forward earnings alone, Ovintiv Inc.

(OVV) trades at 7. 7x forward P/E versus 13. 8x for ConocoPhillips — 6. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for COP: 6. 9% to $127. 07.

08

Which pays a better dividend — OVV or COP?

All stocks in this comparison pay dividends.

ConocoPhillips (COP) offers the highest yield at 2. 7%, versus 2. 0% for Ovintiv Inc. (OVV).

09

Is OVV or COP better for a retirement portfolio?

For long-horizon retirement investors, ConocoPhillips (COP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

08), 2. 7% yield, +234. 2% 10Y return). Both have compounded well over 10 years (COP: +234. 2%, OVV: +114. 3%), 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.

10

What are the main differences between OVV and COP?

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: OVV is a mid-cap deep-value stock; COP is a mid-cap quality compounder stock. 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.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

OVV

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 8%
  • Dividend Yield > 0.7%
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COP

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 7%
  • Dividend Yield > 1.0%
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Beat Both

Find stocks that outperform OVV and COP on the metrics below

Revenue Growth>
%
(OVV: -5.3% · COP: -2.5%)
Net Margin>
%
(OVV: 14.1% · COP: 12.6%)
P/E Ratio<
x
(OVV: 12.5x · COP: 18.7x)

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