Ovintiv (OVV) Operating Margin (2018 - 2026)
Ovintiv (OVV) posted quarterly Operating Margin of 32.99% for Q2 2026, up 1095.0% year-over-year from 2.76% in Q2 2025, and up 106.96% quarter-over-quarter from 474.21% in Q1 2026.
Ovintiv (OVV) Operating Margin (2018 - 2026) Analysis & Trends
Ovintiv's Operating Margin history runs 9 years deep, the most recent figure standing at 32.99% for Q2 2026.
- In Q2 2026, Operating Margin rose 1095.0% year-over-year to 32.99%; the TTM figure through Jun 2026 stood at 12.85% (up 252.0% YoY), while the FY2025 annual figure was 12.7%, down 456.0% from the prior year.
- Operating Margin for Q2 2026 stood at 32.99%, up from 474.21% in the prior quarter.
- The five-year high for Operating Margin was 108.0% in Q4 2023, with the low at 474.21% in Q1 2026.
- The 5-year median for Operating Margin is 21.57% (2023), against an average of 2.47%.
- The sharpest annual moves came in 2023 and 2026: Operating Margin jumped 7161 bps in 2023, then tumbled 47047 bps in 2026.
- Ovintiv's Operating Margin stood at 36.39% in 2022, then soared by 197 bps to 108.0% in 2023, then tumbled by 100 bps to 0.09% in 2024, then jumped by 22116 bps to 20.31% in 2025, then jumped by 62 bps to 32.99% in 2026.
- Business Quant data shows OVV's Operating Margin at 32.99% in Q2 2026, 474.21% in Q1 2026, and 20.31% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 53.17% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 84.71% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 40.93% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 45.16% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 32.14% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 91.41% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 39.52% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 21.77% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 77.96% |
| 10 | Ovintiv | 18.69 Bn | 17.80 Bn | 2.83 Bn | 32.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.99% |
| Mar 31, 2026 | -474.21% |
| Dec 31, 2025 | 20.31% |
| Sep 30, 2025 | 13.21% |
| Jun 30, 2025 | 22.04% |
| Mar 31, 2025 | -3.74% |
| Dec 31, 2024 | 0.09% |
| Sep 30, 2024 | 22.68% |
| Jun 30, 2024 | 24.30% |
| Mar 31, 2024 | 20.70% |
| Dec 31, 2023 | 108.00% |
| Sep 30, 2023 | 16.03% |
| Jun 30, 2023 | 21.10% |
| Mar 31, 2023 | 26.16% |
| Dec 31, 2022 | 36.39% |
| Sep 30, 2022 | 37.69% |
| Jun 30, 2022 | 37.77% |
| Mar 31, 2022 | -5.87% |
| Dec 31, 2021 | 47.72% |
| Jun 30, 2021 | -4.89% |