Ovintiv Inc. (OVV) 10-Year Financial Performance & Capital Metrics

OVV •

EnergyOil & Gas E&PU.S. shale oil focused producers

AboutOvintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Bakken in North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.Show more

Revenue $8.74B -4.5%
EBITDA $4.1B +5.9%
Net Income $1.24B +10.4%
EPS (Diluted) 4.78 +13.5%
Gross Margin 28.57% -47.5%
EBITDA Margin 46.91% +11.0%
Operating Margin 21.65% +25.5%
Net Margin 14.22% +15.7%
ROE 11.54% +6.2%
ROIC 8.04% +14.2%
Debt/Equity 0.67 +10.4%
Interest Coverage 5.03 +31.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 17.2% free cash flow margin
✓Momentum leader: RS Rating 82 (top 18%)
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 15.2%
✓Healthy dividend yield of 2.3%
✓Share count reduced 2.9% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.05%

5Y7.49%

3Y-11.17%

TTM-3.99%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-30.1%

TTM10.4%

EPS CAGR

10Y-

5Y-

3Y-30.24%

TTM13.81%

ROCE

10Y Avg6.14%

5Y Avg17.11%

3Y Avg13.29%

Latest11.07%

Peer Comparison

U.S. shale oil focused producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CHRDChord Energy Corporation	6.15B	108.37	146.45	-7.12%	9.07%	5.48%	11.26%	0.19
FANGDiamondback Energy, Inc.	49.54B	174.08	30.38	36.31%	11.11%	3.87%	10.57%	0.34
MGYMagnolia Oil & Gas Corporation	153.01M	27.82	14.34	7.25%	24.79%	5.49%	100%	0.21
PRPermian Resources Corporation	1.54B	18.29	14.29	-100%	24%	8.11%	100%	0.01
EOGEOG Resources, Inc.	67.33B	124.08	13.62	-3.47%	22.07%	16.69%	5.84%	0.28
OVVOvintiv Inc.	12.81B	50.59	10.58	-4.55%	14.13%	11.09%	11.74%	0.67
DVNDevon Energy Corporation	27B	43.53	10.36	10.41%	15.91%	17.01%	11.55%	0.57
MTDRMatador Resources Company	6.46B	51.40	8.44	6.25%	20.55%	12.66%	37.51%	0.35

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	2.92B	4.44B	5.94B	6.73B	6.09B	8.66B	12.46B	10.88B	9.15B	8.74B
Revenue Growth %	-34.01%	52.26%	33.67%	13.25%	-9.5%	42.24%	43.96%	-12.68%	-15.91%	-4.55%
Cost of Goods Sold+	1.54B	1.73B	2.52B	3.31B	3.37B	4.43B	5.58B	4.98B	4.17B	6.24B
COGS % of Revenue	52.91%	39.01%	42.41%	49.24%	55.41%	51.21%	44.79%	45.78%	45.55%	71.43%
Gross Profit+	1.37B	2.71B	3.42B	3.41B	2.71B	4.22B	6.88B	5.9B	4.98B	2.5B
Gross Margin %	47.09%	60.99%	57.59%	50.76%	44.59%	48.79%	55.21%	54.22%	54.45%	28.57%
Gross Profit Growth %	-44.3%	97.23%	26.2%	-0.18%	-20.5%	55.64%	62.9%	-14.24%	-15.56%	-49.91%
Operating Expenses+	3.25B	1.64B	1.73B	2.82B	8.11B	2.71B	3.03B	3.04B	3.4B	605M
OpEx % of Revenue	111.55%	36.96%	29.06%	41.87%	133.25%	31.24%	24.29%	27.91%	37.19%	6.93%
Selling, General & Admin	275M	254M	157M	489M	395M	442M	422M	300M	323M	319M
SG&A % of Revenue	9.42%	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	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.98B	1.39B	1.57B	2.33B	7.72B	2.26B	2.61B	2.74B	3.08B	286M
Operating Income+	-1.88B	1.07B	1.69B	598M	-5.4B	1.52B	3.85B	2.86B	1.58B	1.89B
Operating Margin %	-64.46%	24.04%	28.52%	8.89%	-88.66%	17.54%	30.91%	26.32%	17.25%	21.65%
Operating Income Growth %	-1193.6%	156.78%	58.61%	-64.7%	-1002.51%	128.15%	153.65%	-25.67%	-44.87%	19.76%
EBITDA+	-1.02B	1.9B	2.97B	2.61B	-3.56B	2.71B	4.97B	4.69B	3.87B	4.1B
EBITDA Margin %	-35.02%	42.79%	49.94%	38.85%	-58.53%	31.29%	39.84%	43.09%	42.27%	46.91%
EBITDA Growth %	-161.57%	286.01%	56.02%	-11.9%	-236.36%	176.03%	83.31%	-5.58%	-17.49%	5.92%
D&A (Non-Cash Add-back)	859M	833M	1.27B	2.02B	1.83B	1.19B	1.11B	1.82B	2.29B	2.21B
EBIT	-1.22B	1.79B	1.51B	697M	-5.36B	1.58B	3.87B	2.87B	1.76B	1.15B
Net Interest Income+	-397M	-363M	-351M	-382M	-371M	-340M	-311M	-355M	-412M	-376M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	397M	363M	351M	382M	371M	340M	311M	355M	412M	376M
Other Income/Expense	261M	362M	-531M	-283M	-333M	-280M	-293M	-354M	-228M	-1.12B
Pretax Income+	-1.62B	1.43B	1.16B	315M	-5.73B	1.24B	3.56B	2.51B	1.35B	770M
Pretax Margin %	-55.52%	32.19%	19.58%	4.68%	-94.14%	14.31%	28.56%	23.06%	14.76%	8.81%
Income Tax+	-676M	603M	94M	81M	367M	-177M	-77M	425M	226M	-472M
Effective Tax Rate %	58.27%	57.83%	91.92%	74.29%	106.4%	114.29%	102.16%	83.07%	83.27%	161.3%
Net Income+	-944M	827M	1.07B	234M	-6.1B	1.42B	3.64B	2.08B	1.13B	1.24B
Net Margin %	-32.35%	18.61%	18%	3.48%	-100.16%	16.35%	29.18%	19.16%	12.29%	14.22%
Net Income Growth %	81.72%	187.61%	29.26%	-78.11%	-2705.56%	123.22%	156.85%	-42.67%	-46.04%	10.4%
Net Income (Continuing)	-944M	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	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-5.35	4.25	5.57	0.90	-23.47	5.32	14.08	7.90	4.21	4.78
EPS Growth %	82.97%	179.44%	31.06%	-83.84%	-2707.78%	122.67%	164.66%	-43.89%	-46.71%	13.54%
EPS (Basic)	-5.35	4.25	5.57	0.90	-23.47	5.44	14.34	8.02	4.25	4.83
Diluted Shares Outstanding	176.52M	194.6M	192M	261.2M	259.8M	266.4M	258.4M	263.9M	267.4M	259.7M
Basic Shares Outstanding	176.45M	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%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	1.92B	2.27B	2.68B	1.87B	1.25B	1.59B	1.7B	1.68B	1.37B	1.52B
Cash & Short-Term Investments	834M	719M	1.06B	190M	10M	195M	5M	3M	42M	280M
Cash Only	834M	719M	1.06B	190M	10M	195M	5M	3M	42M	35M
Short-Term Investments	0	0	0	0	0	0	0	0	0	245M
Accounts Receivable	634M	716M	730M	1.53B	1.2B	1.39B	1.64B	1.34B	1.12B	1.16B
Days Sales Outstanding	79.3	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	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	11M	37M	44M	100M	14M	-27M	15M	214M	108M	86M
Total Non-Current Assets+	12.73B	13B	12.67B	19.62B	13.22B	12.47B	13.36B	18.31B	17.89B	18.87B
Property, Plant & Equipment	8.14B	8.95B	8.97B	16.24B	10.44B	9.69B	10.34B	15.53B	15.15B	0
Fixed Asset Turnover	0.36x	0.50x	0.66x	0.41x	0.58x	0.89x	1.21x	0.70x	0.60x	-
Goodwill	2.78B	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	0
Long-Term Investments	115M	344M	262M	28M	30M	27M	21M	26M	33M	52M
Other Non-Current Assets	39M	46M	46M	140M	126M	123M	147M	99M	144M	16.24B
Total Assets+	14.65B	15.27B	15.34B	21.49B	14.47B	14.05B	15.06B	19.99B	19.25B	20.39B
Asset Turnover	0.20x	0.29x	0.39x	0.31x	0.42x	0.62x	0.83x	0.54x	0.48x	0.43x
Asset Growth %	-6.33%	4.19%	0.5%	40.04%	-32.66%	-2.86%	7.12%	32.75%	-3.67%	5.9%
Total Current Liabilities+	1.56B	1.66B	2.02B	2.43B	2.42B	2.75B	2.78B	2.81B	2.68B	2.79B
Accounts Payable	240M	258M	233M	355M	306M	328M	436M	586M	435M	390M
Days Payables Outstanding	56.74	54.34	33.76	39.12	33.11	27	28.5	42.93	38.08	22.81
Short-Term Debt	59M	79M	584M	0	518M	0	393M	284M	600M	927M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.17B	1.16B	1.07B	343M	194M	917M	287M	72M	161M	1.47B
Current Ratio	1.23x	1.37x	1.33x	0.77x	0.51x	0.58x	0.61x	0.60x	0.51x	0.54x
Quick Ratio	1.23x	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+	6.96B	6.88B	5.88B	9.13B	8.21B	6.23B	4.59B	6.8B	6.24B	6.4B
Long-Term Debt	4.2B	4.2B	3.7B	6.97B	6.37B	4.79B	3.18B	5.45B	4.85B	5.5B
Capital Lease Obligations	1.57B	1.64B	1.44B	1.1B	977M	922M	841M	852M	749M	1.1B
Deferred Tax Liabilities	31M	34M	27M	217M	20M	4M	184M	110M	202M	417M
Other Non-Current Liabilities	1.17B	1.01B	721M	836M	845M	521M	385M	390M	438M	-619M
Total Liabilities	8.53B	8.54B	7.9B	11.56B	10.63B	8.98B	7.37B	9.62B	8.92B	9.2B
Total Debt+	5.83B	5.92B	5.72B	8.24B	8.01B	5.78B	4.49B	6.68B	6.29B	7.53B
Net Debt	4.99B	5.2B	4.66B	8.05B	8B	5.58B	4.49B	6.68B	6.25B	7.49B
Debt / Equity	0.95x	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	-4.74x	2.94x	4.83x	1.57x	-14.55x	4.47x	12.39x	8.07x	3.83x	5.03x
Total Equity+	6.13B	6.73B	7.45B	9.93B	3.84B	5.07B	7.69B	10.37B	10.33B	11.2B
Equity Growth %	-0.66%	9.83%	10.69%	33.34%	-61.36%	32.24%	51.54%	34.87%	-0.38%	8.36%
Book Value per Share	34.70	34.57	38.79	38.02	14.77	19.05	29.76	39.30	38.64	43.11
Total Shareholders' Equity	6.13B	6.73B	7.45B	9.93B	3.84B	5.07B	7.69B	10.37B	10.33B	11.2B
Common Stock	4.76B	4.76B	4.66B	7.06B	3M	3M	3M	3M	3M	3M
Retained Earnings	-1.2B	-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	0
Accumulated OCI	1.21B	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	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	625M	1.05B	2.3B	2.92B	1.9B	3.13B	3.87B	4.17B	3.72B	3.65B
Operating CF Margin %	21.42%	23.63%	38.73%	43.43%	31.13%	36.14%	31.02%	38.29%	40.66%	41.8%
Operating CF Growth %	-62.82%	68%	119.05%	27%	-35.13%	65.12%	23.55%	7.79%	-10.7%	-1.85%
Net Income	-944M	827M	1.07B	234M	-6.1B	1.42B	3.64B	2.08B	1.13B	1.24B
Depreciation & Amortization	859M	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	0
Deferred Taxes	-598M	666M	149M	94M	381M	-21M	-87M	144M	144M	-514M
Other Non-Cash Items	1.5B	-1.02B	-435M	491M	5.64B	585M	-610M	-217M	409M	850M
Working Capital Changes	-187M	-253M	245M	87M	139M	-41M	-187M	330M	-247M	-133M
Change in Receivables	86M	-21M	-150M	109M	146M	-333M	-304M	352M	256M	67M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	-177M
Cash from Investing+	-29M	-1.04B	-1.55B	-2.56B	-1.86B	-525M	-1.79B	-5.52B	-2.46B	-2.88B
Capital Expenditures	-1.13B	-1.8B	-1.98B	-2.63B	-1.74B	-1.52B	-1.83B	-2.74B	-2.3B	-2.15B
CapEx % of Revenue	38.79%	40.42%	33.25%	39.04%	28.52%	17.54%	14.69%	25.21%	25.16%	24.58%
Acquisitions	1.05B	682M	476M	226M	70M	1.01B	-58M	-2.73B	-30M	-610M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	77M	-56M	0	0	0	103M	-45M	-124M	-127M
Cash from Financing+	-38M	-139M	-396M	-1.24B	-206M	-2.42B	-2.27B	1.36B	-1.23B	-762M
Debt Issued (Net)	-1.12B	-82M	-90M	114M	-109M	-2.19B	-1.31B	2.09B	-318M	-249M
Equity Issued (Net)	1000K	0	-1000K	-1000K	0	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-51M	-57M	-56M	-102M	-97M	-122M	-239M	-307M	-316M	-308M
Share Repurchases	0	0	-250M	-1.25B	0	-111M	-719M	-426M	-597M	-307M
Other Financing	0	0	0	0	0	0	0	0	0	102M
Net Change in Cash	563M	-115M	339M	-868M	-180M	185M	-190M	-2M	39M	-7M
Free Cash Flow+	-507M	-746M	325M	295M	159M	1.61B	2.04B	1.42B	1.42B	1.5B
FCF Margin %	-17.37%	-16.79%	5.47%	4.39%	2.61%	18.6%	16.33%	13.08%	15.49%	17.23%
FCF Growth %	7.99%	-47.14%	143.57%	-9.23%	-46.1%	912.58%	26.4%	-30.07%	-0.35%	6.14%
FCF per Share	-2.87	-3.83	1.69	1.13	0.61	6.04	7.88	5.39	5.30	5.80
FCF Conversion (FCF/Net Income)	-0.66x	1.27x	2.15x	12.48x	-0.31x	2.21x	1.06x	2.00x	3.31x	2.94x
Interest Paid	397M	370M	367M	415M	385M	370M	376M	308M	426M	0
Taxes Paid	-19M	0	0	22M	0	0	0	0	295M	0

Key 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%

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Ovintiv Inc. (OVV) 10-Year Financial Performance & Capital Metrics

OVV •

EnergyOil & Gas E&PU.S. shale oil focused producers

Revenue $8.74B -4.5%
EBITDA $4.1B +5.9%
Net Income $1.24B +10.4%
EPS (Diluted) 4.78 +13.5%
Gross Margin 28.57% -47.5%
EBITDA Margin 46.91% +11.0%
Operating Margin 21.65% +25.5%
Net Margin 14.22% +15.7%
ROE 11.54% +6.2%
ROIC 8.04% +14.2%
Debt/Equity 0.67 +10.4%
Interest Coverage 5.03 +31.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 17.2% free cash flow margin
✓Momentum leader: RS Rating 82 (top 18%)
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 15.2%
✓Healthy dividend yield of 2.3%
✓Share count reduced 2.9% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.05%

5Y7.49%

3Y-11.17%

TTM-3.99%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-30.1%

TTM10.4%

EPS CAGR

10Y-

5Y-

3Y-30.24%

TTM13.81%

ROCE

10Y Avg6.14%

5Y Avg17.11%

3Y Avg13.29%

Latest11.07%

Peer Comparison

U.S. shale oil focused producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CHRDChord Energy Corporation	6.15B	108.37	146.45	-7.12%	9.07%	5.48%	11.26%	0.19
FANGDiamondback Energy, Inc.	49.54B	174.08	30.38	36.31%	11.11%	3.87%	10.57%	0.34
MGYMagnolia Oil & Gas Corporation	153.01M	27.82	14.34	7.25%	24.79%	5.49%	100%	0.21
PRPermian Resources Corporation	1.54B	18.29	14.29	-100%	24%	8.11%	100%	0.01
EOGEOG Resources, Inc.	67.33B	124.08	13.62	-3.47%	22.07%	16.69%	5.84%	0.28
OVVOvintiv Inc.	12.81B	50.59	10.58	-4.55%	14.13%	11.09%	11.74%	0.67
DVNDevon Energy Corporation	27B	43.53	10.36	10.41%	15.91%	17.01%	11.55%	0.57
MTDRMatador Resources Company	6.46B	51.40	8.44	6.25%	20.55%	12.66%	37.51%	0.35

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	2.92B	4.44B	5.94B	6.73B	6.09B	8.66B	12.46B	10.88B	9.15B	8.74B
Revenue Growth %	-34.01%	52.26%	33.67%	13.25%	-9.5%	42.24%	43.96%	-12.68%	-15.91%	-4.55%
Cost of Goods Sold+	1.54B	1.73B	2.52B	3.31B	3.37B	4.43B	5.58B	4.98B	4.17B	6.24B
COGS % of Revenue	52.91%	39.01%	42.41%	49.24%	55.41%	51.21%	44.79%	45.78%	45.55%	71.43%
Gross Profit+	1.37B	2.71B	3.42B	3.41B	2.71B	4.22B	6.88B	5.9B	4.98B	2.5B
Gross Margin %	47.09%	60.99%	57.59%	50.76%	44.59%	48.79%	55.21%	54.22%	54.45%	28.57%
Gross Profit Growth %	-44.3%	97.23%	26.2%	-0.18%	-20.5%	55.64%	62.9%	-14.24%	-15.56%	-49.91%
Operating Expenses+	3.25B	1.64B	1.73B	2.82B	8.11B	2.71B	3.03B	3.04B	3.4B	605M
OpEx % of Revenue	111.55%	36.96%	29.06%	41.87%	133.25%	31.24%	24.29%	27.91%	37.19%	6.93%
Selling, General & Admin	275M	254M	157M	489M	395M	442M	422M	300M	323M	319M
SG&A % of Revenue	9.42%	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	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.98B	1.39B	1.57B	2.33B	7.72B	2.26B	2.61B	2.74B	3.08B	286M
Operating Income+	-1.88B	1.07B	1.69B	598M	-5.4B	1.52B	3.85B	2.86B	1.58B	1.89B
Operating Margin %	-64.46%	24.04%	28.52%	8.89%	-88.66%	17.54%	30.91%	26.32%	17.25%	21.65%
Operating Income Growth %	-1193.6%	156.78%	58.61%	-64.7%	-1002.51%	128.15%	153.65%	-25.67%	-44.87%	19.76%
EBITDA+	-1.02B	1.9B	2.97B	2.61B	-3.56B	2.71B	4.97B	4.69B	3.87B	4.1B
EBITDA Margin %	-35.02%	42.79%	49.94%	38.85%	-58.53%	31.29%	39.84%	43.09%	42.27%	46.91%
EBITDA Growth %	-161.57%	286.01%	56.02%	-11.9%	-236.36%	176.03%	83.31%	-5.58%	-17.49%	5.92%
D&A (Non-Cash Add-back)	859M	833M	1.27B	2.02B	1.83B	1.19B	1.11B	1.82B	2.29B	2.21B
EBIT	-1.22B	1.79B	1.51B	697M	-5.36B	1.58B	3.87B	2.87B	1.76B	1.15B
Net Interest Income+	-397M	-363M	-351M	-382M	-371M	-340M	-311M	-355M	-412M	-376M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	397M	363M	351M	382M	371M	340M	311M	355M	412M	376M
Other Income/Expense	261M	362M	-531M	-283M	-333M	-280M	-293M	-354M	-228M	-1.12B
Pretax Income+	-1.62B	1.43B	1.16B	315M	-5.73B	1.24B	3.56B	2.51B	1.35B	770M
Pretax Margin %	-55.52%	32.19%	19.58%	4.68%	-94.14%	14.31%	28.56%	23.06%	14.76%	8.81%
Income Tax+	-676M	603M	94M	81M	367M	-177M	-77M	425M	226M	-472M
Effective Tax Rate %	58.27%	57.83%	91.92%	74.29%	106.4%	114.29%	102.16%	83.07%	83.27%	161.3%
Net Income+	-944M	827M	1.07B	234M	-6.1B	1.42B	3.64B	2.08B	1.13B	1.24B
Net Margin %	-32.35%	18.61%	18%	3.48%	-100.16%	16.35%	29.18%	19.16%	12.29%	14.22%
Net Income Growth %	81.72%	187.61%	29.26%	-78.11%	-2705.56%	123.22%	156.85%	-42.67%	-46.04%	10.4%
Net Income (Continuing)	-944M	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	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-5.35	4.25	5.57	0.90	-23.47	5.32	14.08	7.90	4.21	4.78
EPS Growth %	82.97%	179.44%	31.06%	-83.84%	-2707.78%	122.67%	164.66%	-43.89%	-46.71%	13.54%
EPS (Basic)	-5.35	4.25	5.57	0.90	-23.47	5.44	14.34	8.02	4.25	4.83
Diluted Shares Outstanding	176.52M	194.6M	192M	261.2M	259.8M	266.4M	258.4M	263.9M	267.4M	259.7M
Basic Shares Outstanding	176.45M	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%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	1.92B	2.27B	2.68B	1.87B	1.25B	1.59B	1.7B	1.68B	1.37B	1.52B
Cash & Short-Term Investments	834M	719M	1.06B	190M	10M	195M	5M	3M	42M	280M
Cash Only	834M	719M	1.06B	190M	10M	195M	5M	3M	42M	35M
Short-Term Investments	0	0	0	0	0	0	0	0	0	245M
Accounts Receivable	634M	716M	730M	1.53B	1.2B	1.39B	1.64B	1.34B	1.12B	1.16B
Days Sales Outstanding	79.3	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	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	11M	37M	44M	100M	14M	-27M	15M	214M	108M	86M
Total Non-Current Assets+	12.73B	13B	12.67B	19.62B	13.22B	12.47B	13.36B	18.31B	17.89B	18.87B
Property, Plant & Equipment	8.14B	8.95B	8.97B	16.24B	10.44B	9.69B	10.34B	15.53B	15.15B	0
Fixed Asset Turnover	0.36x	0.50x	0.66x	0.41x	0.58x	0.89x	1.21x	0.70x	0.60x	-
Goodwill	2.78B	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	0
Long-Term Investments	115M	344M	262M	28M	30M	27M	21M	26M	33M	52M
Other Non-Current Assets	39M	46M	46M	140M	126M	123M	147M	99M	144M	16.24B
Total Assets+	14.65B	15.27B	15.34B	21.49B	14.47B	14.05B	15.06B	19.99B	19.25B	20.39B
Asset Turnover	0.20x	0.29x	0.39x	0.31x	0.42x	0.62x	0.83x	0.54x	0.48x	0.43x
Asset Growth %	-6.33%	4.19%	0.5%	40.04%	-32.66%	-2.86%	7.12%	32.75%	-3.67%	5.9%
Total Current Liabilities+	1.56B	1.66B	2.02B	2.43B	2.42B	2.75B	2.78B	2.81B	2.68B	2.79B
Accounts Payable	240M	258M	233M	355M	306M	328M	436M	586M	435M	390M
Days Payables Outstanding	56.74	54.34	33.76	39.12	33.11	27	28.5	42.93	38.08	22.81
Short-Term Debt	59M	79M	584M	0	518M	0	393M	284M	600M	927M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.17B	1.16B	1.07B	343M	194M	917M	287M	72M	161M	1.47B
Current Ratio	1.23x	1.37x	1.33x	0.77x	0.51x	0.58x	0.61x	0.60x	0.51x	0.54x
Quick Ratio	1.23x	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+	6.96B	6.88B	5.88B	9.13B	8.21B	6.23B	4.59B	6.8B	6.24B	6.4B
Long-Term Debt	4.2B	4.2B	3.7B	6.97B	6.37B	4.79B	3.18B	5.45B	4.85B	5.5B
Capital Lease Obligations	1.57B	1.64B	1.44B	1.1B	977M	922M	841M	852M	749M	1.1B
Deferred Tax Liabilities	31M	34M	27M	217M	20M	4M	184M	110M	202M	417M
Other Non-Current Liabilities	1.17B	1.01B	721M	836M	845M	521M	385M	390M	438M	-619M
Total Liabilities	8.53B	8.54B	7.9B	11.56B	10.63B	8.98B	7.37B	9.62B	8.92B	9.2B
Total Debt+	5.83B	5.92B	5.72B	8.24B	8.01B	5.78B	4.49B	6.68B	6.29B	7.53B
Net Debt	4.99B	5.2B	4.66B	8.05B	8B	5.58B	4.49B	6.68B	6.25B	7.49B
Debt / Equity	0.95x	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	-4.74x	2.94x	4.83x	1.57x	-14.55x	4.47x	12.39x	8.07x	3.83x	5.03x
Total Equity+	6.13B	6.73B	7.45B	9.93B	3.84B	5.07B	7.69B	10.37B	10.33B	11.2B
Equity Growth %	-0.66%	9.83%	10.69%	33.34%	-61.36%	32.24%	51.54%	34.87%	-0.38%	8.36%
Book Value per Share	34.70	34.57	38.79	38.02	14.77	19.05	29.76	39.30	38.64	43.11
Total Shareholders' Equity	6.13B	6.73B	7.45B	9.93B	3.84B	5.07B	7.69B	10.37B	10.33B	11.2B
Common Stock	4.76B	4.76B	4.66B	7.06B	3M	3M	3M	3M	3M	3M
Retained Earnings	-1.2B	-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	0
Accumulated OCI	1.21B	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	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	625M	1.05B	2.3B	2.92B	1.9B	3.13B	3.87B	4.17B	3.72B	3.65B
Operating CF Margin %	21.42%	23.63%	38.73%	43.43%	31.13%	36.14%	31.02%	38.29%	40.66%	41.8%
Operating CF Growth %	-62.82%	68%	119.05%	27%	-35.13%	65.12%	23.55%	7.79%	-10.7%	-1.85%
Net Income	-944M	827M	1.07B	234M	-6.1B	1.42B	3.64B	2.08B	1.13B	1.24B
Depreciation & Amortization	859M	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	0
Deferred Taxes	-598M	666M	149M	94M	381M	-21M	-87M	144M	144M	-514M
Other Non-Cash Items	1.5B	-1.02B	-435M	491M	5.64B	585M	-610M	-217M	409M	850M
Working Capital Changes	-187M	-253M	245M	87M	139M	-41M	-187M	330M	-247M	-133M
Change in Receivables	86M	-21M	-150M	109M	146M	-333M	-304M	352M	256M	67M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	-177M
Cash from Investing+	-29M	-1.04B	-1.55B	-2.56B	-1.86B	-525M	-1.79B	-5.52B	-2.46B	-2.88B
Capital Expenditures	-1.13B	-1.8B	-1.98B	-2.63B	-1.74B	-1.52B	-1.83B	-2.74B	-2.3B	-2.15B
CapEx % of Revenue	38.79%	40.42%	33.25%	39.04%	28.52%	17.54%	14.69%	25.21%	25.16%	24.58%
Acquisitions	1.05B	682M	476M	226M	70M	1.01B	-58M	-2.73B	-30M	-610M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	77M	-56M	0	0	0	103M	-45M	-124M	-127M
Cash from Financing+	-38M	-139M	-396M	-1.24B	-206M	-2.42B	-2.27B	1.36B	-1.23B	-762M
Debt Issued (Net)	-1.12B	-82M	-90M	114M	-109M	-2.19B	-1.31B	2.09B	-318M	-249M
Equity Issued (Net)	1000K	0	-1000K	-1000K	0	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-51M	-57M	-56M	-102M	-97M	-122M	-239M	-307M	-316M	-308M
Share Repurchases	0	0	-250M	-1.25B	0	-111M	-719M	-426M	-597M	-307M
Other Financing	0	0	0	0	0	0	0	0	0	102M
Net Change in Cash	563M	-115M	339M	-868M	-180M	185M	-190M	-2M	39M	-7M
Free Cash Flow+	-507M	-746M	325M	295M	159M	1.61B	2.04B	1.42B	1.42B	1.5B
FCF Margin %	-17.37%	-16.79%	5.47%	4.39%	2.61%	18.6%	16.33%	13.08%	15.49%	17.23%
FCF Growth %	7.99%	-47.14%	143.57%	-9.23%	-46.1%	912.58%	26.4%	-30.07%	-0.35%	6.14%
FCF per Share	-2.87	-3.83	1.69	1.13	0.61	6.04	7.88	5.39	5.30	5.80
FCF Conversion (FCF/Net Income)	-0.66x	1.27x	2.15x	12.48x	-0.31x	2.21x	1.06x	2.00x	3.31x	2.94x
Interest Paid	397M	370M	367M	415M	385M	370M	376M	308M	426M	0
Taxes Paid	-19M	0	0	22M	0	0	0	0	295M	0

Key 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) 10-Year Financial Performance & Capital Metrics

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Ovintiv Inc. (OVV) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare OVV vs Peers

vs EOG

vs FANG

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

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Price History

Revenue History

Financial Ratios