Ovintiv (OVV) Return on Invested Capital [ROIC] (2020 - 2026)
Ovintiv's Return on Invested Capital [ROIC] was 10.22% in Q3 2026, up 6.67 percentage points from 3.56% a year earlier and up 4.50 percentage points from the prior quarter.
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Analysis
Ovintiv (OVV) Return on Invested Capital [ROIC] (2020 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Ovintiv came in at 7.03%, down 1.22 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for three consecutive years, though with a five-year change of +46.10 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 8.25% in FY2024 (-9.14 pp), 17.39% in FY2023 (-19.10 pp), 36.49% in FY2022 (+21.73 pp) and 14.76% in FY2021 (+53.83 pp).
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q3 2024.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in two of the last eight quarters, with an average year-over-year change of -3.76 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2022 (a gain of 67.68 percentage points); the worst was Q1 2024 (a drop of 27.09 percentage points).
- Per Business Quant data, OVV's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 5.73% (Q2 2026), 2.71% (Q1 2026) and 7.10% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 682.73 Bn | 640.87 Bn | - | 13.86% |
| 2 | Chevron | 412.78 Bn | 379.83 Bn | 31.26 Bn | 12.13% |
| 3 | Shell | 290.86 Bn | 151.13 Bn | - | - |
| 4 | TotalEnergies SE | 192.45 Bn | 63.53 Bn | 31,614.00 | 21.61% |
| 5 | Eni Spa | 168.57 Bn | 108.20 Bn | - | 9.03% |
| 6 | Conocophillips | 163.59 Bn | 136.29 Bn | 12.81 Bn | 22.50% |
| 7 | Equinor Asa | 106.61 Bn | 19.46 Bn | 4.49 Bn | 57.33% |
| 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 | 25.31% |
| 10 | Ovintiv | 16.51 Bn | 15.33 Bn | 2.40 Bn | 10.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.22% |
| Jun 30, 2026 | 5.73% |
| Mar 31, 2026 | 2.71% |
| Dec 31, 2025 | 7.10% |
| Sep 30, 2025 | 3.56% |
| Jun 30, 2025 | 5.45% |
| Mar 31, 2025 | 5.46% |
| Dec 31, 2024 | 8.14% |
| Sep 30, 2024 | 13.60% |
| Jun 30, 2024 | 13.56% |
| Mar 31, 2024 | 13.70% |
| Dec 31, 2023 | 14.95% |
| Sep 30, 2023 | 18.23% |
| Jun 30, 2023 | 26.92% |
| Mar 31, 2023 | 40.80% |
| Dec 31, 2022 | 35.96% |
| Sep 30, 2022 | 39.98% |
| Jun 30, 2022 | 28.10% |
| Mar 31, 2022 | 11.64% |
| Dec 31, 2021 | 16.47% |
API Access
Ovintiv Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=OVV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=OVV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();