9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.5% per year over the past 5 years.
Operating margin has expanded, at 13.1% in the latest year.
Free cash flow has grown 56.8% per year over the past 5 years.
Financial health
Total debt ($5.2B) exceeds cash ($35M); net debt is $5.2B.
Total debt has grown slower than revenue (-5.5% vs 9.5% per year).
Operating income covered interest expense 3.0× in the latest year, up from -14.5× 5 years ago.
Total debt is 1.6× EBITDA.
Shareholder returns
Dividends have been paid for 9 consecutive years, consuming 24.8% of earnings and 20.5% of free cash flow.
The dividend has grown 26.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$8.7B
$1.2B
0.0%
13.1%
$1.5B
$5.2B
$35M
2024
$8.9B
$1.1B
0.0%
17.7%
$1.4B
$5.5B
$42M
2023
$10.7B
$2.1B
0.0%
26.9%
$1.4B
$5.7B
$3M
2022
$14.3B
$3.6B
0.0%
27.0%
$2.0B
$3.6B
$5M
2021
$10.5B
$1.4B
0.0%
14.5%
$1.6B
$4.8B
$195M
2020
$5.5B
-$6.1B
0.0%
-98.0%
$159M
$6.9B
$10M
2019
$7.0B
$234M
0.0%
8.5%
$295M
$7.0B
$190M
2018
$5.5B
$1.1B
0.0%
31.0%
$325M
$4.2B
$1.1B
2017
$3.9B
$827M
0.0%
27.4%
-$746M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$2.6B
-$630M
0.0%
-29.3%
$451M
$6.4B
$26M
Dec '25
$2.1B
$946M
0.0%
21.2%
$489M
$5.2B
$35M
Sep '25
$2.0B
$148M
0.0%
13.5%
$268M
$5.2B
$25M
Jun '25
$2.2B
$307M
0.0%
23.1%
$492M
$5.3B
$20M
Mar '25
$2.4B
-$159M
0.0%
-3.7%
$256M
$5.5B
$8M
Dec '24
$2.2B
-$60M
0.0%
0.1%
$468M
$5.5B
$42M
Sep '24
$2.2B
$507M
0.0%
24.2%
$484M
$5.9B
$9M
Jun '24
$2.2B
$340M
0.0%
25.4%
$398M
$6.1B
$8M
Mar '24
$2.4B
$338M
0.0%
20.7%
$68M
$6.2B
$5M
Dec '23
$2.8B
$856M
0.0%
42.4%
$702M
$5.7B
$3M
Sep '23
$2.9B
$406M
0.0%
16.0%
$72M
$6.2B
$3M
Jun '23
$2.4B
$336M
0.0%
22.6%
$191M
$6.1B
$52M
Mar '23
$2.6B
$487M
0.0%
26.2%
$458M
$3.8B
$26M
Dec '22
$3.2B
$1.3B
0.0%
36.4%
$517M
$3.6B
$5M
Sep '22
$3.6B
$1.2B
0.0%
37.7%
$451M
$3.6B
$18M
Jun '22
$4.0B
$1.4B
0.0%
37.8%
$833M
$3.9B
$8M
Mar '22
$3.4B
-$241M
0.0%
-5.9%
$234M
$4.8B
$271M
Dec '21
$3.0B
$1.4B
0.0%
47.7%
$319M
$4.8B
$195M
Sep '21
$2.7B
-$72M
0.0%
0.0%
$447M
$4.8B
$8M
Jun '21
$2.5B
-$205M
0.0%
-4.9%
$367M
$5.3B
$122M
Valuation over time
How the market has priced OVV against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 2.8× (Mar '23) to 12.1× (Jun '26).
The price-to-sales ratio has risen from 0.7× (Mar '23) to 1.7× (Jun '26).
The dividend yield has fallen from 2.4% (Mar '23) to 2.0% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is OVV growing its revenue and profit?
Over the past 5 years, Ovintiv Inc.'s revenue has grown 9.5% per year. These are computed facts, not advice.
How much debt does OVV have?
As of FY2025, Ovintiv Inc. reported $5.2B of total debt against $35M of cash; operating income covered interest expense 3.0×.
What is OVV's profit margin?
In FY2025, gross margin was —, operating margin 13.1%, and net margin 14.3%.
What is OVV's P/E ratio?
As of Jun '26, Ovintiv Inc. traded at a price-to-earnings ratio of about 12.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.