Ovintiv (OVV) Return on Capital Employed [ROCE] (2020 - 2026)
Ovintiv's Return on Capital Employed [ROCE] came in at 9.05% for Q3 2026, up 4.93 percentage points from 4.12% a year earlier and up 3.94 percentage points from the prior quarter.
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Analysis
Ovintiv (OVV) Return on Capital Employed [ROCE] (2020 - 2026) Analysis & Trends
For FY2025, Ovintiv's Return on Capital Employed [ROCE] was 6.64%, down 2.68 percentage points from FY2024.
- Return on Capital Employed [ROCE] has declined in each of the last three years, though with a five-year change of +41.34 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 9.32% in FY2024 (-10.15 pp), 19.47% in FY2023 (-13.25 pp), 32.72% in FY2022 (+19.53 pp) and 13.19% in FY2021 (+47.89 pp).
- The Q3 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] since Q4 2024.
- Year-over-year, Return on Capital Employed [ROCE] increased in 1 of the last eight quarters, with an average year-over-year change of -5.20 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q1 2022 (a gain of 64.70 percentage points), and the weakest in Q1 2024 (a drop of 22.33 percentage points).
- Business Quant data shows OVV's Return on Capital Employed [ROCE] at 5.11% (Q2 2026), 2.57% (Q1 2026) and 6.62% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 682.73 Bn | 640.87 Bn | - | 14.97% |
| 2 | Chevron | 412.78 Bn | 379.83 Bn | 31.26 Bn | 13.86% |
| 3 | Shell | 290.86 Bn | 151.13 Bn | - | 15.97% |
| 4 | TotalEnergies SE | 192.45 Bn | 63.53 Bn | 31,614.00 | 26.08% |
| 5 | Eni Spa | 168.57 Bn | 108.20 Bn | - | 7.67% |
| 6 | Conocophillips | 163.59 Bn | 136.29 Bn | 12.81 Bn | 28.17% |
| 7 | Equinor Asa | 106.61 Bn | 19.46 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 100.53 Bn | 94.43 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 100.43 Bn | 84.22 Bn | 10.69 Bn | 26.83% |
| 10 | Ovintiv | 16.51 Bn | 15.33 Bn | 2.40 Bn | 9.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.05% |
| 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% |
| 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% |
API Access
Ovintiv Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=OVV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "OVV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=OVV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();