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-over-year from 11.37% in Q2 2025, and up 98.97% quarter-over-quarter from 2.57% in Q1 2026.
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 5.11% for Q2 2026.
- In Q2 2026, Return on Capital Employed fell 55.0% year-over-year to 5.11%; the TTM figure through Jun 2026 stood at 5.11% (down 55.0% YoY), while the FY2025 annual figure was 6.64%, changed N/A from the prior year.
- Return on Capital Employed for Q2 2026 stood at 5.11%, up from 2.57% in the prior quarter.
- The five-year high for Return on Capital Employed was 37.98% in Q1 2023, with the low at 2.57% in Q1 2026.
- The 5-year median for Return on Capital Employed is 13.49% (2022), against an average of 16.2%.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed soared 6470 bps in 2022, then sank 1889 bps in 2023.
- Ovintiv's Return on Capital Employed stood at 32.28% in 2022, then slumped by 46 bps to 17.57% in 2023, then slumped by 47 bps to 9.36% in 2024, then declined by 29 bps to 6.62% in 2025, then decreased by 23 bps to 5.11% in 2026.
- Business Quant data shows OVV's Return on Capital Employed at 5.11% in Q2 2026, 2.57% in Q1 2026, and 6.62% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.44 Bn | 156.75 Bn | 12.81 Bn | 28.17% |
| 2 | Canadian Natural Resources | 106.98 Bn | 105.09 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.47 Bn | 75.56 Bn | - | 18.27% |
| 4 | Diamondback Energy | 59.28 Bn | 58.82 Bn | 5.55 Bn | 1.68% |
| 5 | Woodside Energy | 46.13 Bn | 40.18 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.12 Bn | 45.11 Bn | 6.02 Bn | 9.42% |
| 7 | Occidental Petroleum | 39.25 Bn | 35.10 Bn | 7.73 Bn | 5.58% |
| 8 | Eqt | 33.67 Bn | 33.56 Bn | 1.42 Bn | 10.19% |
| 9 | Texas Pacific Land | 26.50 Bn | 26.25 Bn | - | 39.30% |
| 10 | Ovintiv | 18.76 Bn | 17.88 Bn | 2.83 Bn | 10.55% |
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% |