Ovintiv (OVV) Gross Margin (2019 - 2026)
Ovintiv's Gross Margin came in at 93.93% for Q2 2026, up 3.37 percentage points from 90.55% a year earlier and up 2.74 percentage points from the prior quarter.
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Analysis
Ovintiv (OVV) Gross Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Ovintiv reported Gross Margin of 91.35%, up 0.85 percentage points year-over-year; for FY2025, it came in at 90.32%, up 0.50 percentage points from FY2024.
- Gross Margin carries a five-year change of +0.26 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 89.83% in FY2024 (-2.28 pp), 92.11% in FY2023 (-2.27 pp), 94.38% in FY2022 (+0.35 pp) and 94.03% in FY2021 (+3.97 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q2 2022.
- Year-over-year, Gross Margin increased in three of the last eight quarters, with an average year-over-year change of +0.12 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2021 (a gain of 4.76 percentage points), and the weakest in Q2 2024 (a drop of 3.41 percentage points).
- Business Quant data shows OVV's Gross Margin at 91.19% (Q1 2026), 89.85% (Q4 2025) and 89.35% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 735.56 Bn | 692.05 Bn | - | - |
| 2 | Chevron | 442.85 Bn | 414.97 Bn | 33.45 Bn | 47.75% |
| 3 | Shell | 309.24 Bn | 238.98 Bn | 30.13 Bn | 31.83% |
| 4 | TotalEnergies SE | 197.64 Bn | 78.23 Bn | 61.77 Bn | 100.00% |
| 5 | Conocophillips | 176.01 Bn | 148.72 Bn | 12.81 Bn | 65.62% |
| 6 | Equinor Asa | 119.06 Bn | 33.51 Bn | - | - |
| 7 | Phillips 66 | 113.68 Bn | 101.47 Bn | 8.38 Bn | 16.10% |
| 8 | Canadian Natural Resources | 112.16 Bn | 109.16 Bn | 8.84 Bn | 82.99% |
| 9 | Suncor Energy | 94.30 Bn | 80.05 Bn | - | - |
| 10 | Ovintiv | 19.36 Bn | 18.33 Bn | 2.83 Bn | 93.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 93.93% |
| Mar 31, 2026 | 91.19% |
| 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 | 92.23% |
| 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% |
API Access
Ovintiv Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=OVV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "OVV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=OVV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();