Ovintiv (OVV) Gross Margin (2019 - 2026)
Ovintiv (OVV) posted quarterly Gross Margin of 93.93% for Q2 2026, up 337.0% year-on-year from 21.49% in Q2 2025, and up 319.62% on a QoQ basis from 42.77% in Q1 2026.
Ovintiv (OVV) Gross Margin (2019 - 2026) Analysis & Trends
Ovintiv (OVV) has reported Gross Margin for 8 consecutive years, with 93.93% the latest figure, recorded in Q2 2026.
- Quarterly Gross Margin rose 337.0% year-over-year to 93.93% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 88.52% (down 198.0% YoY) and the FY2025 annual result came in at 90.32%, up 50.0% from the prior year.
- Gross Margin grew to 93.93% in Q2 2026 per OVV's latest filing, from 42.77% in the prior quarter.
- Over the last five years, Gross Margin for OVV reached as high as 95.52% in Q2 2022 and fell as low as 42.77% in Q1 2026.
- A 5-year average of 83.73% and a median of 90.96% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin surged 886 bps — and 2026, when it plunged 13414 bps.
- Year by year, Gross Margin stood at 93.56% in 2022, then retreated by 13 bps to 81.27% in 2023, then rose by 11 bps to 90.13% in 2024, then dropped by 0 bps to 89.85% in 2025, then grew by 5 bps to 93.93% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 93.93%, 42.77%, and 89.85% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 60.14% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | - |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 99.43% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 89.26% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 93.19% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 78.73% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 80.17% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 95.79% |
| 10 | Ovintiv | 16.84 Bn | 15.96 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% |