Ovintiv (OVV) Gross Margin (2019 - 2026)
Ovintiv (OVV) posted quarterly Gross Margin of 93.93% for Q2 2026, up 337.0% year-over-year from 21.49% in Q2 2025, and up 319.62% quarter-over-quarter from 42.77% in Q1 2026.
Ovintiv (OVV) Gross Margin (2019 - 2026) Analysis & Trends
Ovintiv's Gross Margin history runs 8 years deep, the most recent figure standing at 93.93% for Q2 2026.
- In Q2 2026, Gross Margin rose 337.0% year-over-year to 93.93%; the TTM figure through Jun 2026 stood at 88.52% (down 198.0% YoY), while the FY2025 annual figure was 90.32%, up 50.0% from the prior year.
- Gross Margin for Q2 2026 stood at 93.93%, up from 42.77% in the prior quarter.
- The five-year high for Gross Margin was 95.52% in Q2 2022, with the low at 42.77% in Q1 2026.
- The 5-year median for Gross Margin is 90.96% (2025), against an average of 83.73%.
- The sharpest annual moves came in 2024 and 2026: Gross Margin soared 886 bps in 2024, then plunged 13414 bps in 2026.
- Ovintiv's Gross Margin stood at 93.56% in 2022, then dropped by 13 bps to 81.27% in 2023, then climbed by 11 bps to 90.13% in 2024, then retreated by 0 bps to 89.85% in 2025, then gained by 5 bps to 93.93% in 2026.
- Business Quant data shows OVV's Gross Margin at 93.93% in Q2 2026, 42.77% in Q1 2026, and 89.85% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 65.62% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 85.63% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | - |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 99.84% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 81.22% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 91.41% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 95.88% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 78.73% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Ovintiv | 18.69 Bn | 17.80 Bn | 2.83 Bn | 93.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 93.93% |
| Mar 31, 2026 | -42.77% |
| Dec 31, 2025 | 89.85% |
| Sep 30, 2025 | 89.35% |
| Jun 30, 2025 | 90.55% |
| Mar 31, 2025 | 91.38% |
| Dec 31, 2024 | 90.13% |
| Sep 30, 2024 | 89.89% |
| Jun 30, 2024 | 89.64% |
| Mar 31, 2024 | 89.82% |
| Dec 31, 2023 | 81.27% |
| Sep 30, 2023 | 91.66% |
| Jun 30, 2023 | 93.05% |
| Mar 31, 2023 | 92.05% |
| Dec 31, 2022 | 93.56% |
| Sep 30, 2022 | 93.74% |
| Jun 30, 2022 | 95.52% |
| Mar 31, 2022 | 94.48% |
| Dec 31, 2021 | 94.75% |
| Sep 30, 2021 | 94.38% |