Last 47 quarters of trend data · Energy · Oil & Gas Exploration & Production
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Ovintiv Inc.'s quarterly P/E stands at 2.7x. EV/EBITDA has compressed 39.5% YoY to 4.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 12.53 | 2.69 | 17.71 | 8.06 | — | — | 4.99 | 9.23 | 10.46 | 3.53 | 8.09 | 7.10 | 4.58 |
| — | — | +255.0% | -12.6% | — | — | -38.3% | +29.9% | +128.5% | +47.6% | +225.7% | +235.0% | — | |
| P/S Ratio | 1.74 | 1.23 | 1.29 | 1.07 | 1.17 | 1.20 | 1.09 | 1.37 | 1.50 | 0.96 | 1.24 | 0.95 | 0.88 |
| — | +1.9% | +18.6% | -22.3% | -22.0% | +26.1% | -12.3% | +44.8% | +71.5% | -3.9% | +49.4% | +23.1% | -50.5% | |
| P/B Ratio | 1.39 | 0.91 | 1.02 | 0.95 | 1.11 | 1.02 | 0.95 | 1.22 | 1.38 | 1.17 | 1.38 | 1.02 | 1.13 |
| — | -10.9% | +7.3% | -21.6% | -19.7% | -12.5% | -31.0% | +18.7% | +21.6% | -29.8% | -23.5% | -48.2% | -61.9% | |
| P/FCF | 10.08 | 0.98 | 9.66 | 5.03 | 10.88 | 5.63 | 5.22 | 7.89 | 51.96 | 4.31 | 45.64 | 12.50 | 4.88 |
| — | -82.6% | +84.9% | -36.3% | -79.1% | +30.7% | -88.6% | -36.8% | +965.1% | -30.2% | +598.6% | +261.6% | -67.2% | |
| EV / EBITDA | 5.53 | 4.65 | 5.10 | 3.86 | 9.81 | 7.67 | 3.75 | 4.30 | 5.01 | 2.69 | 5.30 | 4.36 | 3.26 |
| — | -39.5% | +36.1% | -10.3% | +95.8% | +185.1% | -29.3% | -1.4% | +53.6% | -9.9% | +116.7% | +91.1% | -95.7% | |
| EV / EBIT | 11.99 | 9.50 | 14.97 | 8.34 | — | 839.61 | 6.38 | 8.56 | 10.09 | 4.00 | 10.15 | 8.02 | 4.97 |
| — | -98.9% | +134.5% | -2.6% | — | +20881.7% | -37.1% | +6.7% | +103.2% | +8.8% | +238.1% | +196.2% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Ovintiv Inc.'s operating margin was 19.8% in Q4 2025, up 6.3 pp QoQ and up 19.7 pp YoY. The trailing four-quarter average of 12.9% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 51.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.6% | 26.4% | 49.4% | 53.9% | 56.5% | 54.3% | 53.7% | 56.2% | 53.7% | 61.3% | 46.4% | 52.8% | 55.0% |
| — | -51.2% | -7.9% | -4.1% | +5.2% | -11.5% | +15.7% | +6.4% | -2.3% | +1.7% | -24.4% | -11.3% | +99.1% | |
| Operating Margin | 21.6% | 19.8% | 13.5% | 22.0% | -3.7% | 0.1% | 22.7% | 24.3% | 21.0% | 37.5% | 17.6% | 21.1% | 26.6% |
| — | +21602.3% | -40.4% | -9.3% | -117.8% | -99.8% | +28.6% | +15.2% | -21.0% | +3.5% | -54.4% | -48.0% | +361.4% | |
| Net Margin | 14.2% | 45.7% | 7.3% | 13.2% | -6.7% | -2.7% | 21.8% | 14.9% | 14.4% | 27.0% | 15.3% | 13.3% | 19.1% |
| — | +1765.0% | -66.4% | -10.9% | -146.5% | -110.1% | +42.3% | +11.3% | -24.7% | -34.9% | -54.1% | -63.2% | +255.8% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | 8.8% | 1.4% | 3.0% | -1.6% | -0.6% | 4.8% | 3.3% | 3.3% | 8.6% | 4.3% | 3.9% | 6.3% |
| — | +1644.1% | -70.3% | -9.1% | -147.6% | -106.7% | +12.3% | -15.4% | -47.6% | -54.2% | -77.6% | -84.9% | +226.5% | |
| ROA | 6.3% | 4.8% | 0.8% | 1.6% | -0.8% | -0.3% | 2.6% | 1.7% | 1.7% | 4.3% | 2.1% | 1.9% | 3.2% |
| — | +1650.3% | -70.4% | -9.0% | -148.2% | -107.1% | +24.1% | -11.6% | -47.4% | -52.7% | -74.6% | -78.7% | +293.9% | |
| ROIC | 8.0% | 1.7% | 1.2% | 2.3% | -0.4% | 0.0% | 2.3% | 2.4% | 2.2% | 5.3% | 2.1% | 2.8% | 4.1% |
| — | +19730.7% | -46.4% | -5.6% | -118.6% | -99.8% | +7.2% | -12.7% | -47.7% | -29.6% | -77.6% | -74.7% | +385.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Ovintiv Inc.'s Debt/EBITDA ratio is 7.9x — elevated, raising questions about debt serviceability. The current ratio has improved 6.7% YoY to 0.54x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 0.63 | 0.64 | 0.67 | 0.61 | 0.64 | 0.68 | 0.69 | 0.64 | 0.74 | 0.76 | 0.59 |
| — | +10.4% | -1.2% | -6.1% | -3.3% | -5.5% | -14.2% | -11.0% | +16.9% | +10.3% | +7.2% | -9.3% | -51.9% | |
| Debt / EBITDA | 1.84 | 7.92 | 7.79 | 6.18 | 14.82 | 11.50 | 6.02 | 6.15 | 6.71 | 3.83 | 7.43 | 7.46 | 4.49 |
| — | -31.2% | +29.5% | +0.4% | +120.9% | +200.2% | -19.0% | -17.5% | +49.4% | +23.2% | +173.0% | +174.3% | -95.0% | |
| Current Ratio | 0.54 | 0.54 | 0.45 | 0.43 | 0.43 | 0.51 | 0.52 | 0.44 | 0.52 | 0.60 | 0.45 | 0.45 | 0.53 |
| — | +6.7% | -14.6% | -1.1% | -18.2% | -14.3% | +16.8% | -2.1% | -1.6% | -2.2% | -13.2% | -12.2% | -2.6% | |
| Quick Ratio | 0.54 | 0.54 | 0.45 | 0.43 | 0.43 | 0.51 | 0.52 | 0.44 | 0.52 | 0.60 | 0.45 | 0.45 | 0.53 |
| — | +6.7% | -14.6% | -1.1% | -18.2% | -14.3% | +16.8% | -2.1% | -1.6% | -2.2% | -13.2% | -12.2% | -2.6% | |
| Interest Coverage | 5.03 | 4.42 | 3.07 | 5.38 | -0.92 | 0.02 | 5.12 | 5.30 | 5.04 | 11.21 | 4.45 | 6.64 | 9.55 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Ovintiv Inc.'s current P/E is 12.5x. The average P/E over the last 3 quarters is 9.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ovintiv Inc.'s current operating margin is 21.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Ovintiv Inc.'s business trajectory between earnings reports.