Ovintiv (OVV) Gross Margin (2019 - 2026)
Ovintiv (OVV) recorded quarterly Gross Margin of 91.19% in Q1 2026, up 1.5% quarter-over-quarter from 89.85% in Q4 2025, and down 18.0% on a YoY basis from 111.21% in Q1 2025.
Ovintiv (OVV) Gross Margin (2019 - 2026) Analysis & Trends
Ovintiv's Gross Margin history runs 8 years deep, the most recent figure standing at 91.19% for Q1 2026.
- In Q1 2026, Gross Margin fell 18.0% year-over-year to 91.19%; the TTM figure through Mar 2026 stood at 90.18% (down 8.0% YoY), while the FY2025 annual figure was 90.32%, up 73.0% from the prior year.
- Gross Margin was 91.19% for Q1 2026 at Ovintiv, up from 89.85% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 95.52% in Q2 2022 to a low of 77.61% in Q2 2023.
- Historically, Gross Margin has averaged 90.02% across 5 years, with a median of 90.11% in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin sank 1790 bps in 2023, then jumped 1203 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 93.56% in 2022, then declined by 13 bps to 81.27% in 2023, then gained by 11 bps to 90.11% in 2024, then retreated by 0 bps to 89.85% in 2025, then climbed by 1 bps to 91.19% in 2026.
- The last three Gross Margin figures came in at 91.19% (Q1 2026), 89.85% (Q4 2025), and 89.35% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 85.25% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 60.14% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | - |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 93.19% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 99.43% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 54.61% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 88.15% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 98.87% |
| 10 | Ovintiv | 15.16 Bn | 15.16 Bn | 2.35 Bn | 91.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 91.19% |
| Dec 31, 2025 | 89.85% |
| Sep 30, 2025 | 89.35% |
| Jun 30, 2025 | 90.11% |
| Mar 31, 2025 | 91.37% |
| Dec 31, 2024 | 90.11% |
| Sep 30, 2024 | 89.89% |
| Jun 30, 2024 | 89.64% |
| Mar 31, 2024 | 89.82% |
| Dec 31, 2023 | 81.27% |
| Sep 30, 2023 | 90.83% |
| Jun 30, 2023 | 77.61% |
| 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% |
| Jun 30, 2021 | 91.19% |