Ovintiv (OVV) Net Margin (2018 - 2026)
Ovintiv (OVV) recorded quarterly Net Margin of 32.6% in Q1 2026, down 175.49% quarter-over-quarter from 43.18% in Q4 2025, and down 2266.0% on a YoY basis from 1.5% in Q1 2025.
Ovintiv (OVV) Net Margin (2018 - 2026) Analysis & Trends
Ovintiv's Net Margin history runs 9 years deep, the most recent figure standing at 32.6% for Q1 2026.
- In Q1 2026, Net Margin fell 2266.0% year-over-year to 32.6%; the TTM figure through Mar 2026 stood at 7.09% (up 37.0% YoY), while the FY2025 annual figure was 13.94%, down 25.0% from the prior year.
- Net Margin was 32.6% for Q1 2026 at Ovintiv, down from 43.18% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 501.49% in Q2 2023 to a low of 32.6% in Q1 2026.
- Historically, Net Margin has averaged 47.19% across 5 years, with a median of 19.36% in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin soared 46624 bps in 2023, then plunged 48213 bps in 2024.
- A 5-year view of Net Margin shows it stood at 39.01% in 2022, then soared by 125 bps to 87.91% in 2023, then sank by 105 bps to 4.49% in 2024, then soared by 1063 bps to 43.18% in 2025, then tumbled by 175 bps to 32.6% in 2026.
- The last three Net Margin figures came in at 32.6% (Q1 2026), 43.18% (Q4 2025), and 8.62% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 0.01% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 13.85% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 28.61% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 60.71% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 3.40% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 20.73% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 45.99% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | -843.90% |
| 10 | Ovintiv | 15.16 Bn | 15.16 Bn | 2.35 Bn | -32.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -32.60% |
| Dec 31, 2025 | 43.18% |
| Sep 30, 2025 | 8.62% |
| Jun 30, 2025 | 16.85% |
| Mar 31, 2025 | -9.94% |
| Dec 31, 2024 | -4.49% |
| Sep 30, 2024 | 21.82% |
| Jun 30, 2024 | 19.36% |
| Mar 31, 2024 | 16.59% |
| Dec 31, 2023 | 87.91% |
| Sep 30, 2023 | 12.38% |
| Jun 30, 2023 | 501.49% |
| Mar 31, 2023 | 21.26% |
| Dec 31, 2022 | 39.01% |
| Sep 30, 2022 | 32.56% |
| Jun 30, 2022 | 35.25% |
| Mar 31, 2022 | -7.07% |
| Dec 31, 2021 | 45.71% |
| Sep 30, 2021 | -2.61% |
| Jun 30, 2021 | -12.12% |