Ovintiv (OVV) Net Margin (2018 - 2026)
Ovintiv (OVV) posted Net Margin of 15.13% for Q2 2026, up 161.91% on a QoQ basis from 24.45% in Q1 2026, and up 189.0% year-over-year from 5.24% in Q2 2025.
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Analysis
Ovintiv (OVV) Net Margin (2018 - 2026) Analysis & Trends
Ovintiv has reported Net Margin for 9 years, with the latest figure at 15.13% in Q2 2026.
- On a quarterly basis, Net Margin rose 189.0% year-over-year to 15.13% in Q2 2026; TTM through Jun 2026 was 13.92%, a 830.0% increase from a year earlier, with the FY2025 full-year figure at 18.94%, up 665.0% from the prior year.
- Net Margin was 15.13% for Q2 2026 at Ovintiv, up from 24.45% in the prior quarter.
- The five-year high for Net Margin was 77.82% in Q4 2023, with the low at 24.45% in Q1 2026.
- Average Net Margin over 5 years is 18.68%, with a median of 14.51% recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Net Margin tumbled 8056 bps in 2024, then soared 6753 bps in 2025.
- Over 5 years, Net Margin stood at 41.73% in 2022, then soared by 86 bps to 77.82% in 2023, then sank by 104 bps to 2.74% in 2024, then soared by 2463 bps to 64.79% in 2025, then slumped by 77 bps to 15.13% in 2026.
- The last three Net Margin figures came in at 15.13% (Q2 2026), 24.45% (Q1 2026), and 64.79% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 20.14% |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | 32.66% |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 31.60% |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | 36.95% |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 22.14% |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 17.64% |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 42.65% |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | 15.13% |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 31.14% |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn | 17.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.13% |
| Mar 31, 2026 | -24.45% |
| Dec 31, 2025 | 64.79% |
| Sep 30, 2025 | 7.16% |
| Jun 30, 2025 | 13.24% |
| Mar 31, 2025 | -9.93% |
| Dec 31, 2024 | -2.74% |
| Sep 30, 2024 | 21.82% |
| Jun 30, 2024 | 14.86% |
| Mar 31, 2024 | 14.16% |
| Dec 31, 2023 | 77.82% |
| Sep 30, 2023 | 11.26% |
| Jun 30, 2023 | 13.35% |
| Mar 31, 2023 | 18.79% |
| Dec 31, 2022 | 41.73% |
| Sep 30, 2022 | 32.56% |
| Jun 30, 2022 | 33.81% |
| Mar 31, 2022 | -7.07% |
| Dec 31, 2021 | 45.71% |
| Sep 30, 2021 | -2.65% |