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Ovintiv Inc. (OVV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Ovintiv Inc. (OVV) stock price & volume — 10-year historical chart
Ovintiv Inc. (OVV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Ovintiv Inc. (OVV) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 23, 2026 | $1.39vs $1.01+37.6% | $2.1Bvs $1.9B+7.2% |
| Q4 2025 | Nov 4, 2025 | $1.03vs $0.95+8.6% | $2.0Bvs $2.0B+1.9% |
| Q3 2025 | Jul 24, 2025 | $1.02vs $1.04-1.9% | $2.3Bvs $1.9B+21.8% |
| Q2 2025 | May 6, 2025 | $1.42vs $0.92+54.2% | $2.4Bvs $2.0B+19.4% |
Ovintiv Inc. (OVV) competitors in U.S. shale oil focused producers — business model, growth, and fundamentals comparison
Ovintiv Inc. (OVV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Ovintiv Inc. (OVV) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 4.44B | 5.94B | 6.73B | 6.09B | 8.66B | 12.46B | 10.88B | 9.15B | 8.74B |
| Revenue Growth % | 52.26% | 33.67% | 13.25% | -9.5% | 42.24% | 43.96% | -12.68% | -15.91% | -4.55% |
| Cost of Goods Sold | 1.73B | 2.52B | 3.31B | 3.37B | 4.43B | 5.58B | 4.98B | 4.17B | 6.24B |
| COGS % of Revenue | 39.01% | 42.41% | 49.24% | 55.41% | 51.21% | 44.79% | 45.78% | 45.55% | 71.43% |
| Gross Profit | 2.71B▲ 0% | 3.42B▲ 26.2% | 3.41B▼ 0.2% | 2.71B▼ 20.5% | 4.22B▲ 55.6% | 6.88B▲ 62.9% | 5.9B▼ 14.2% | 4.98B▼ 15.6% | 2.5B▼ 49.9% |
| Gross Margin % | 60.99% | 57.59% | 50.76% | 44.59% | 48.79% | 55.21% | 54.22% | 54.45% | 28.57% |
| Gross Profit Growth % | 97.23% | 26.2% | -0.18% | -20.5% | 55.64% | 62.9% | -14.24% | -15.56% | -49.91% |
| Operating Expenses | 1.64B | 1.73B | 2.82B | 8.11B | 2.71B | 3.03B | 3.04B | 3.4B | 605M |
| OpEx % of Revenue | 36.96% | 29.06% | 41.87% | 133.25% | 31.24% | 24.29% | 27.91% | 37.19% | 6.93% |
| Selling, General & Admin | 254M | 157M | 489M | 395M | 442M | 422M | 300M | 323M | 319M |
| SG&A % of Revenue | 5.72% | 2.64% | 7.27% | 6.49% | 5.11% | 3.39% | 2.76% | 3.53% | 3.65% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1.39B | 1.57B | 2.33B | 7.72B | 2.26B | 2.61B | 2.74B | 3.08B | 286M |
| Operating Income | 1.07B▲ 0% | 1.69B▲ 58.6% | 598M▼ 64.7% | -5.4B▼ 1002.5% | 1.52B▲ 128.1% | 3.85B▲ 153.7% | 2.86B▼ 25.7% | 1.58B▼ 44.9% | 1.89B▲ 19.8% |
| Operating Margin % | 24.04% | 28.52% | 8.89% | -88.66% | 17.54% | 30.91% | 26.32% | 17.25% | 21.65% |
| Operating Income Growth % | 156.78% | 58.61% | -64.7% | -1002.51% | 128.15% | 153.65% | -25.67% | -44.87% | 19.76% |
| EBITDA | 1.9B | 2.97B | 2.61B | -3.56B | 2.71B | 4.97B | 4.69B | 3.87B | 4.1B |
| EBITDA Margin % | 42.79% | 49.94% | 38.85% | -58.53% | 31.29% | 39.84% | 43.09% | 42.27% | 46.91% |
| EBITDA Growth % | 286.01% | 56.02% | -11.9% | -236.36% | 176.03% | 83.31% | -5.58% | -17.49% | 5.92% |
| D&A (Non-Cash Add-back) | 833M | 1.27B | 2.02B | 1.83B | 1.19B | 1.11B | 1.82B | 2.29B | 2.21B |
| EBIT | 1.79B | 1.51B | 697M | -5.36B | 1.58B | 3.87B | 2.87B | 1.76B | 1.15B |
| Net Interest Income | -363M | -351M | -382M | -371M | -340M | -311M | -355M | -412M | -376M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 363M | 351M | 382M | 371M | 340M | 311M | 355M | 412M | 376M |
| Other Income/Expense | 362M | -531M | -283M | -333M | -280M | -293M | -354M | -228M | -1.12B |
| Pretax Income | 1.43B▲ 0% | 1.16B▼ 18.7% | 315M▼ 72.9% | -5.73B▼ 1919.0% | 1.24B▲ 121.6% | 3.56B▲ 187.3% | 2.51B▼ 29.5% | 1.35B▼ 46.2% | 770M▼ 43.0% |
| Pretax Margin % | 32.19% | 19.58% | 4.68% | -94.14% | 14.31% | 28.56% | 23.06% | 14.76% | 8.81% |
| Income Tax | 603M | 94M | 81M | 367M | -177M | -77M | 425M | 226M | -472M |
| Effective Tax Rate % | 42.17% | 8.08% | 25.71% | -6.4% | -14.29% | -2.16% | 16.93% | 16.73% | -61.3% |
| Net Income | 827M▲ 0% | 1.07B▲ 29.3% | 234M▼ 78.1% | -6.1B▼ 2705.6% | 1.42B▲ 123.2% | 3.64B▲ 156.9% | 2.08B▼ 42.7% | 1.13B▼ 46.0% | 1.24B▲ 10.4% |
| Net Margin % | 18.61% | 18% | 3.48% | -100.16% | 16.35% | 29.18% | 19.16% | 12.29% | 14.22% |
| Net Income Growth % | 187.61% | 29.26% | -78.11% | -2705.56% | 123.22% | 156.85% | -42.67% | -46.04% | 10.4% |
| Net Income (Continuing) | 827M | 1.07B | 234M | -6.1B | 1.42B | 3.64B | 2.08B | 1.13B | 1.24B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 4.25▲ 0% | 5.57▲ 31.1% | 0.90▼ 83.8% | -23.47▼ 2707.8% | 5.32▲ 122.7% | 14.08▲ 164.7% | 7.90▼ 43.9% | 4.21▼ 46.7% | 4.78▲ 13.5% |
| EPS Growth % | 179.44% | 31.06% | -83.84% | -2707.78% | 122.67% | 164.66% | -43.89% | -46.71% | 13.54% |
| EPS (Basic) | 4.25 | 5.57 | 0.90 | -23.47 | 5.44 | 14.34 | 8.02 | 4.25 | 4.83 |
| Diluted Shares Outstanding | 194.6M | 192M | 261.2M | 259.8M | 266.4M | 258.4M | 263.9M | 267.4M | 259.7M |
| Basic Shares Outstanding | 194.6M | 191.96M | 261.2M | 259.8M | 260.4M | 253.6M | 259.9M | 264.6M | 257.2M |
| Dividend Payout Ratio | 6.89% | 5.24% | 43.59% | - | 8.62% | 6.57% | 14.72% | 28.09% | 24.8% |
Ovintiv Inc. (OVV) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.27B | 2.68B | 1.87B | 1.25B | 1.59B | 1.7B | 1.68B | 1.37B | 1.52B |
| Cash & Short-Term Investments | 719M | 1.06B | 190M | 10M | 195M | 5M | 3M | 42M | 280M |
| Cash Only | 719M | 1.06B | 190M | 10M | 195M | 5M | 3M | 42M | 35M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 245M |
| Accounts Receivable | 716M | 730M | 1.53B | 1.2B | 1.39B | 1.64B | 1.34B | 1.12B | 1.16B |
| Days Sales Outstanding | 58.82 | 44.86 | 83.08 | 71.96 | 58.64 | 47.94 | 45.11 | 44.71 | 48.34 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 37M | 44M | 100M | 14M | -27M | 15M | 214M | 108M | 86M |
| Total Non-Current Assets | 13B | 12.67B | 19.62B | 13.22B | 12.47B | 13.36B | 18.31B | 17.89B | 18.87B |
| Property, Plant & Equipment | 8.95B | 8.97B | 16.24B | 10.44B | 9.69B | 10.34B | 15.53B | 15.15B | 0 |
| Fixed Asset Turnover | 0.50x | 0.66x | 0.41x | 0.58x | 0.89x | 1.21x | 0.70x | 0.60x | - |
| Goodwill | 2.61B | 2.55B | 2.61B | 2.63B | 2.63B | 2.58B | 2.6B | 2.55B | 2.58B |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 344M | 262M | 28M | 30M | 27M | 21M | 26M | 33M | 52M |
| Other Non-Current Assets | 46M | 46M | 140M | 126M | 123M | 147M | 99M | 144M | 16.24B |
| Total Assets | 15.27B▲ 0% | 15.34B▲ 0.5% | 21.49B▲ 40.0% | 14.47B▼ 32.7% | 14.05B▼ 2.9% | 15.06B▲ 7.1% | 19.99B▲ 32.8% | 19.25B▼ 3.7% | 20.39B▲ 5.9% |
| Asset Turnover | 0.29x | 0.39x | 0.31x | 0.42x | 0.62x | 0.83x | 0.54x | 0.48x | 0.43x |
| Asset Growth % | 4.19% | 0.5% | 40.04% | -32.66% | -2.86% | 7.12% | 32.75% | -3.67% | 5.9% |
| Total Current Liabilities | 1.66B | 2.02B | 2.43B | 2.42B | 2.75B | 2.78B | 2.81B | 2.68B | 2.79B |
| Accounts Payable | 258M | 233M | 355M | 306M | 328M | 436M | 586M | 435M | 390M |
| Days Payables Outstanding | 54.34 | 33.76 | 39.12 | 33.11 | 27 | 28.5 | 42.93 | 38.08 | 22.81 |
| Short-Term Debt | 79M | 584M | 0 | 518M | 0 | 393M | 284M | 600M | 927M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.16B | 1.07B | 343M | 194M | 917M | 287M | 72M | 161M | 1.47B |
| Current Ratio | 1.37x | 1.33x | 0.77x | 0.51x | 0.58x | 0.61x | 0.60x | 0.51x | 0.54x |
| Quick Ratio | 1.37x | 1.33x | 0.77x | 0.51x | 0.58x | 0.61x | 0.60x | 0.51x | 0.54x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 6.88B | 5.88B | 9.13B | 8.21B | 6.23B | 4.59B | 6.8B | 6.24B | 6.4B |
| Long-Term Debt | 4.2B | 3.7B | 6.97B | 6.37B | 4.79B | 3.18B | 5.45B | 4.85B | 5.5B |
| Capital Lease Obligations | 1.64B | 1.44B | 1.1B | 977M | 922M | 841M | 852M | 749M | 1.1B |
| Deferred Tax Liabilities | 34M | 27M | 217M | 20M | 4M | 184M | 110M | 202M | 417M |
| Other Non-Current Liabilities | 1.01B | 721M | 836M | 845M | 521M | 385M | 390M | 438M | -619M |
| Total Liabilities | 8.54B | 7.9B | 11.56B | 10.63B | 8.98B | 7.37B | 9.62B | 8.92B | 9.2B |
| Total Debt | 5.92B | 5.72B | 8.24B | 8.01B | 5.78B | 4.49B | 6.68B | 6.29B | 7.53B |
| Net Debt | 5.2B | 4.66B | 8.05B | 8B | 5.58B | 4.49B | 6.68B | 6.25B | 7.49B |
| Debt / Equity | 0.88x | 0.77x | 0.83x | 2.09x | 1.14x | 0.58x | 0.64x | 0.61x | 0.67x |
| Debt / EBITDA | 3.11x | 1.93x | 3.15x | - | 2.13x | 0.90x | 1.43x | 1.63x | 1.84x |
| Net Debt / EBITDA | 2.73x | 1.57x | 3.08x | - | 2.06x | 0.90x | 1.42x | 1.62x | 1.83x |
| Interest Coverage | 2.94x | 4.83x | 1.57x | -14.55x | 4.47x | 12.39x | 8.07x | 3.83x | 5.03x |
| Total Equity | 6.73B▲ 0% | 7.45B▲ 10.7% | 9.93B▲ 33.3% | 3.84B▼ 61.4% | 5.07B▲ 32.2% | 7.69B▲ 51.5% | 10.37B▲ 34.9% | 10.33B▼ 0.4% | 11.2B▲ 8.4% |
| Equity Growth % | 9.83% | 10.69% | 33.34% | -61.36% | 32.24% | 51.54% | 34.87% | -0.38% | 8.36% |
| Book Value per Share | 34.57 | 38.79 | 38.02 | 14.77 | 19.05 | 29.76 | 39.30 | 38.64 | 43.11 |
| Total Shareholders' Equity | 6.73B | 7.45B | 9.93B | 3.84B | 5.07B | 7.69B | 10.37B | 10.33B | 11.2B |
| Common Stock | 4.76B | 4.66B | 7.06B | 3M | 3M | 3M | 3M | 3M | 3M |
| Retained Earnings | -429M | 435M | 421M | -5.77B | -4.48B | -1.08B | 697M | 1.51B | 2.44B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.04B | 998M | 1.05B | 1.08B | 1.09B | 991M | 1.05B | 777M | 973M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Ovintiv Inc. (OVV) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.05B | 2.3B | 2.92B | 1.9B | 3.13B | 3.87B | 4.17B | 3.72B | 3.65B |
| Operating CF Margin % | 23.63% | 38.73% | 43.43% | 31.13% | 36.14% | 31.02% | 38.29% | 40.66% | 41.8% |
| Operating CF Growth % | 68% | 119.05% | 27% | -35.13% | 65.12% | 23.55% | 7.79% | -10.7% | -1.85% |
| Net Income | 827M | 1.07B | 234M | -6.1B | 1.42B | 3.64B | 2.08B | 1.13B | 1.24B |
| Depreciation & Amortization | 833M | 1.27B | 2.02B | 1.83B | 1.19B | 1.11B | 1.82B | 2.29B | 2.21B |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 666M | 149M | 94M | 381M | -21M | -87M | 144M | 144M | -514M |
| Other Non-Cash Items | -1.02B | -435M | 491M | 5.64B | 585M | -610M | -217M | 409M | 850M |
| Working Capital Changes | -253M | 245M | 87M | 139M | -41M | -187M | 330M | -247M | -133M |
| Change in Receivables | -21M | -150M | 109M | 146M | -333M | -304M | 352M | 256M | 67M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -177M |
| Cash from Investing | -1.04B | -1.55B | -2.56B | -1.86B | -525M | -1.79B | -5.52B | -2.46B | -2.88B |
| Capital Expenditures | -1.8B | -1.98B | -2.63B | -1.74B | -1.52B | -1.83B | -2.74B | -2.3B | -2.15B |
| CapEx % of Revenue | 40.42% | 33.25% | 39.04% | 28.52% | 17.54% | 14.69% | 25.21% | 25.16% | 24.58% |
| Acquisitions | 682M | 476M | 226M | 70M | 1.01B | -58M | -2.73B | -30M | -610M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 77M | -56M | 0 | 0 | 0 | 103M | -45M | -124M | -127M |
| Cash from Financing | -139M | -396M | -1.24B | -206M | -2.42B | -2.27B | 1.36B | -1.23B | -762M |
| Debt Issued (Net) | -82M | -90M | 114M | -109M | -2.19B | -1.31B | 2.09B | -318M | -249M |
| Equity Issued (Net) | 0 | -1000K | -1000K | 0 | -1000K | -1000K | -1000K | -1000K | -1000K |
| Dividends Paid | -57M | -56M | -102M | -97M | -122M | -239M | -307M | -316M | -308M |
| Share Repurchases | 0 | -250M | -1.25B | 0 | -111M | -719M | -426M | -597M | -307M |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 102M |
| Net Change in Cash | -115M▲ 0% | 339M▲ 394.8% | -868M▼ 356.0% | -180M▲ 79.3% | 185M▲ 202.8% | -190M▼ 202.7% | -2M▲ 98.9% | 39M▲ 2050.0% | -7M▼ 117.9% |
| Free Cash Flow | -746M▲ 0% | 325M▲ 143.6% | 295M▼ 9.2% | 159M▼ 46.1% | 1.61B▲ 912.6% | 2.04B▲ 26.4% | 1.42B▼ 30.1% | 1.42B▼ 0.4% | 1.5B▲ 6.1% |
| FCF Margin % | -16.79% | 5.47% | 4.39% | 2.61% | 18.6% | 16.33% | 13.08% | 15.49% | 17.23% |
| FCF Growth % | -47.14% | 143.57% | -9.23% | -46.1% | 912.58% | 26.4% | -30.07% | -0.35% | 6.14% |
| FCF per Share | -3.83 | 1.69 | 1.13 | 0.61 | 6.04 | 7.88 | 5.39 | 5.30 | 5.80 |
| FCF Conversion (FCF/Net Income) | 1.27x | 2.15x | 12.48x | -0.31x | 2.21x | 1.06x | 2.00x | 3.31x | 2.94x |
| Interest Paid | 370M | 367M | 415M | 385M | 370M | 376M | 308M | 426M | 0 |
| Taxes Paid | 0 | 0 | 22M | 0 | 0 | 0 | 0 | 295M | 0 |
Ovintiv Inc. (OVV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -15.36% | 12.87% | 15.08% | 2.69% | -88.57% | 31.78% | 56.99% | 23.09% | 10.87% | 11.54% |
| Return on Invested Capital (ROIC) | -11.74% | 6.95% | 10.57% | 2.98% | -27.15% | 10.13% | 25.31% | 14.7% | 7.04% | 8.04% |
| Gross Margin | 47.09% | 60.99% | 57.59% | 50.76% | 44.59% | 48.79% | 55.21% | 54.22% | 54.45% | 28.57% |
| Net Margin | -32.35% | 18.61% | 18% | 3.48% | -100.16% | 16.35% | 29.18% | 19.16% | 12.29% | 14.22% |
| Debt / Equity | 0.95x | 0.88x | 0.77x | 0.83x | 2.09x | 1.14x | 0.58x | 0.64x | 0.61x | 0.67x |
| Interest Coverage | -4.74x | 2.94x | 4.83x | 1.57x | -14.55x | 4.47x | 12.39x | 8.07x | 3.83x | 5.03x |
| FCF Conversion | -0.66x | 1.27x | 2.15x | 12.48x | -0.31x | 2.21x | 1.06x | 2.00x | 3.31x | 2.94x |
| Revenue Growth | -34.01% | 52.26% | 33.67% | 13.25% | -9.5% | 42.24% | 43.96% | -12.68% | -15.91% | -4.55% |
Ovintiv Inc. (OVV) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 9, 2026·SEC
Feb 23, 2026·SEC
Feb 23, 2026·SEC
Ovintiv Inc. (OVV) stock FAQ — growth, dividends, profitability & financials explained
Ovintiv Inc. (OVV) reported $8.79B in revenue for fiscal year 2025. This represents a 171% increase from $3.24B in 2001.
Ovintiv Inc. (OVV) saw revenue decline by 4.5% over the past year.
Yes, Ovintiv Inc. (OVV) is profitable, generating $1.24B in net income for fiscal year 2025 (14.2% net margin).
Yes, Ovintiv Inc. (OVV) pays a dividend with a yield of 1.88%. This makes it attractive for income-focused investors.
Ovintiv Inc. (OVV) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
Ovintiv Inc. (OVV) generated $3.62B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Ovintiv Inc. (OVV) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates