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
DateValue
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%