Ovintiv (OVV) Return on Capital Employed (2020 - 2026)
Ovintiv (OVV) posted quarterly Return on Capital Employed of 5.11% for Q2 2026, down 55.0% year-on-year from 11.37% in Q2 2025, and up 98.97% on a QoQ basis from 2.57% in Q1 2026.
Ovintiv (OVV) Return on Capital Employed (2020 - 2026) Analysis & Trends
Ovintiv (OVV) has reported Return on Capital Employed for 7 consecutive years, with 5.11% the latest figure, recorded in Q2 2026.
- Quarterly Return on Capital Employed fell 55.0% year-over-year to 5.11% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 5.11% (down 55.0% YoY) and the FY2025 annual result came in at 6.64%, changed N/A from the prior year.
- Return on Capital Employed rose to 5.11% in Q2 2026 per OVV's latest filing, from 2.57% in the prior quarter.
- Over the last five years, Return on Capital Employed for OVV reached as high as 37.98% in Q1 2023 and fell as low as 2.57% in Q1 2026.
- A 5-year average of 16.2% and a median of 13.49% in 2022 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 6470 bps — and 2023, when it sank 1889 bps.
- Year by year, Return on Capital Employed stood at 32.28% in 2022, then tumbled by 46 bps to 17.57% in 2023, then tumbled by 47 bps to 9.36% in 2024, then decreased by 29 bps to 6.62% in 2025, then declined by 23 bps to 5.11% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 5.11%, 2.57%, and 6.62% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 22.86% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 15.04% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | -0.44% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 1.41% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 10.19% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 39.41% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 10.92% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 17.11% |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 5.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.11% |
| 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% |
| 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% |
| Mar 31, 2021 | -53.99% |