Ovintiv (OVV) Return on Capital Employed (2020 - 2026)
Ovintiv (OVV) recorded quarterly Return on Capital Employed of 2.57% in Q1 2026, down 61.15% quarter-over-quarter from 6.62% in Q4 2025, and down 355.0% on a YoY basis from 1.01% in Q1 2025.
Ovintiv (OVV) Return on Capital Employed (2020 - 2026) Analysis & Trends
Ovintiv's Return on Capital Employed history runs 7 years deep, the most recent figure standing at 2.57% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 355.0% year-over-year to 2.57%; the TTM figure through Mar 2026 stood at 2.57% (down 355.0% YoY), while the FY2025 annual figure was 6.64%, down 268.0% from the prior year.
- Return on Capital Employed was 2.57% for Q1 2026 at Ovintiv, down from 6.62% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 37.98% in Q1 2023 to a low of 2.57% in Q1 2026.
- Historically, Return on Capital Employed has averaged 16.85% across 5 years, with a median of 16.27% in 2024.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed jumped 6470 bps in 2022, then plunged 2233 bps in 2024.
- A 5-year view of Return on Capital Employed shows it stood at 32.28% in 2022, then plunged by 48 bps to 16.72% in 2023, then tumbled by 44 bps to 9.36% in 2024, then fell by 29 bps to 6.62% in 2025, then slumped by 61 bps to 2.57% in 2026.
- The last three Return on Capital Employed figures came in at 2.57% (Q1 2026), 6.62% (Q4 2025), and 4.12% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | 13.66% |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 22.41% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 15.04% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 19.02% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | -0.44% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 23.41% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 12.16% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 34,022.25% |
| 10 | Ovintiv | 15.16 Bn | 15.16 Bn | 2.35 Bn | 2.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.57% |
| Dec 31, 2025 | 6.62% |
| Sep 30, 2025 | 4.12% |
| Jun 30, 2025 | 5.66% |
| Mar 31, 2025 | 6.12% |
| Dec 31, 2024 | 9.36% |
| Sep 30, 2024 | 16.32% |
| Jun 30, 2024 | 16.27% |
| Mar 31, 2024 | 15.65% |
| Dec 31, 2023 | 16.72% |
| Sep 30, 2023 | 17.57% |
| Jun 30, 2023 | 26.74% |
| Mar 31, 2023 | 37.98% |
| Dec 31, 2022 | 32.28% |
| Sep 30, 2022 | 36.46% |
| Jun 30, 2022 | 25.28% |
| Mar 31, 2022 | 10.71% |
| Dec 31, 2021 | 13.69% |
| Sep 30, 2021 | -4.99% |
| Jun 30, 2021 | -18.76% |