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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$8.7B
$1.2B
0.0%
13.1%
11.1%
6.1%
$1.5B
$5.2B
$35M
2024
$8.9B
$1.1B
0.0%
17.7%
10.9%
5.8%
$1.4B
$5.5B
$42M
2023
$10.7B
$2.1B
0.0%
26.9%
20.1%
10.4%
$1.4B
$5.7B
$3M
2022
$14.3B
$3.6B
0.0%
27.0%
47.3%
24.2%
$2.0B
$3.6B
$5M
2021
$10.5B
$1.4B
0.0%
14.5%
27.9%
10.1%
$1.6B
$4.8B
$195M
2020
$5.5B
-$6.1B
0.0%
-98.0%
-158.9%
-42.1%
$159M
$6.9B
$10M
2019
$7.0B
$234M
0.0%
8.5%
2.4%
1.1%
$295M
$7.0B
$190M
2018
$5.5B
$1.1B
0.0%
31.0%
14.4%
7.0%
$325M
$4.2B
$1.1B
2017
$3.9B
$827M
0.0%
27.4%
12.3%
—
-$746M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$2.9B
$456M
0.0%
34.6%
4.0%
2.4%
$1.1B
$3.7B
$700M
Mar '26
$2.6B
-$630M
0.0%
-29.3%
-5.5%
-2.8%
$451M
$6.4B
$26M
Dec '25
$2.1B
$946M
0.0%
21.2%
8.5%
4.6%
$489M
$5.2B
$35M
Sep '25
$2.0B
$148M
0.0%
13.5%
1.4%
0.8%
$268M
$5.2B
$25M
Jun '25
$2.2B
$307M
0.0%
23.1%
3.0%
1.6%
$492M
$5.3B
$20M
Mar '25
$2.4B
-$159M
0.0%
-3.7%
-1.6%
-0.8%
$256M
$5.5B
$8M
Dec '24
$2.2B
-$60M
0.0%
0.1%
-0.6%
-0.3%
$468M
$5.5B
$42M
Sep '24
$2.2B
$507M
0.0%
24.2%
4.8%
2.6%
$484M
$5.9B
$9M
Jun '24
$2.2B
$340M
0.0%
25.4%
3.3%
1.7%
$398M
$6.1B
$8M
Mar '24
$2.4B
$338M
0.0%
20.7%
3.3%
1.7%
$68M
$6.2B
$5M
Dec '23
$2.8B
$856M
0.0%
42.4%
8.3%
4.3%
$702M
$5.7B
$3M
Sep '23
$2.9B
$406M
0.0%
16.0%
4.3%
2.0%
$72M
$6.2B
$3M
Jun '23
$2.4B
$336M
0.0%
22.6%
3.6%
1.7%
$191M
$6.1B
$52M
Mar '23
$2.6B
$487M
0.0%
26.2%
6.2%
3.2%
$458M
$3.8B
$26M
Dec '22
$3.2B
$1.3B
0.0%
36.4%
17.4%
8.9%
$517M
$3.6B
$5M
Sep '22
$3.6B
$1.2B
0.0%
37.7%
18.1%
8.3%
$451M
$3.6B
$18M
Jun '22
$4.0B
$1.4B
0.0%
37.8%
23.3%
9.1%
$833M
$3.9B
$8M
Mar '22
$3.4B
-$241M
0.0%
-5.9%
-5.1%
-1.6%
$234M
$4.8B
$271M
Dec '21
$3.0B
$1.4B
0.0%
47.7%
27.3%
9.8%
$319M
$4.8B
$195M
Sep '21
$2.7B
-$72M
0.0%
0.0%
-1.9%
-0.5%
$447M
$4.8B
$8M
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 2.7× (Mar '23) to 15.0× (Nov '26).
The price-to-sales ratio has risen from 0.7× (Mar '23) to 2.2× (Nov '26).
The dividend yield has fallen from 2.4% (Mar '23) to 1.6% (Nov '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?
Ovintiv Inc.'s P/E (TTM) is 20.30 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the OVV stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 15.0× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.