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
DateValue
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%