NYSE : OVV
Ovintiv Inc. — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 72.62 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 20.01B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ovintiv Inc. (OVV) reported revenue of 9.52B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 9.52B | 8.66B | 8.94B | 10.66B | 14.26B | 10.47B |
| Revenue | 9.52B | 8.66B | 8.94B | 10.66B | 14.26B | 10.47B |
| Cost of Revenue | 4.39B | 4.17B | 4.35B | 5.78B | 7.06B | 5.49B |
| Gross Profit | 5.13B | 4.50B | 4.60B | 4.88B | 7.21B | 4.98B |
| Selling, General & Admin | 407.00M | 397.00M | 363.00M | 318.00M | 349.00M | 362.00M |
| Other Operating Expenses | -132.00M | -144.00M | -116.00M | -132.00M | 1.89B | 1.91B |
| Operating Expenses | 2.43B | 2.43B | 2.54B | 2.01B | 3.35B | 3.46B |
| Operating Income | 2.70B | 2.07B | 2.06B | 2.87B | 3.86B | 1.53B |
| Interest Expense | -388.00M | -376.00M | -412.00M | -355.00M | -311.00M | -340.00M |
| Interest & Investment Income | 11.00M | 11.00M | 7.00M | |||
| Currency Exchange Gain (Loss) | -20.00M | -31.00M | 19.00M | -19.00M | -15.00M | 23.00M |
| Other Non Operating Income (Expenses) | 33.00M | 32.00M | 154.00M | 16.00M | 28.00M | 30.00M |
| EBT Excluding Unusual Items | 2.33B | 1.70B | 1.83B | 2.51B | 3.56B | 1.24B |
| Merger & Restructuring Charges | -69.00M | -12.00M | -27.00M | |||
| Gain (Loss) on Sale of Assets | -337.00M | |||||
| Asset Writedown | -1.68B | -920.00M | -450.00M | |||
| Pretax Income | 276.00M | 770.00M | 1.35B | 2.51B | 3.56B | 1.24B |
| Income Tax Expense | -644.00M | -472.00M | 226.00M | 425.00M | -77.00M | -177.00M |
| Net Income | 920.00M | 1.24B | 1.12B | 2.08B | 3.64B | 1.42B |
| Net Income to Common | 920.00M | 1.24B | 1.12B | 2.08B | 3.64B | 1.42B |
| Shares Outstanding (Basic) | 264.40M | 257.20M | 264.60M | 259.90M | 253.60M | 260.40M |
| Shares Outstanding (Diluted) | 265.95M | 259.70M | 267.40M | 263.90M | 258.40M | 266.40M |
| EPS (Basic) | 3.48 | 4.83 | 4.25 | 8.02 | 14.34 | 5.44 |
| EPS (Diluted) | 3.46 | 4.78 | 4.21 | 7.90 | 14.08 | 5.32 |
| Free Cash Flow | 2.02B | -1.03B | 1.21B | 1.15B | 1.75B | 1.60B |
| Free Cash Flow Per Share | 7.60 | -3.97 | 4.54 | 4.34 | 6.77 | 6.00 |
| Dividend Per Share | 1.20 | 1.20 | 1.20 | 1.15 | 0.95 | 0.47 |
| Gross Margin | 53.86% | 51.92% | 51.40% | 45.77% | 50.52% | 47.60% |
| Operating Margin | 28.31% | 23.85% | 23.04% | 26.90% | 27.05% | 14.58% |
| Profit Margin | 9.66% | 14.34% | 12.58% | 19.56% | 25.50% | 13.53% |
| Free Cash Flow Margin | 21.22% | -11.91% | 13.56% | 10.75% | 12.26% | 15.28% |
| EBITDA | 4.88B | 4.27B | 4.37B | 4.71B | 4.99B | 2.74B |
| EBITDA Margin | 51.27% | 49.33% | 48.85% | 44.20% | 34.98% | 26.16% |
| D&A For EBITDA | 2.19B | 2.21B | 2.31B | 1.84B | 1.13B | 1.21B |
| EBIT | 2.70B | 2.07B | 2.06B | 2.87B | 3.86B | 1.53B |
| EBIT Margin | 28.31% | 23.85% | 23.04% | 26.90% | 27.05% | 14.58% |
| Effective Tax Rate | 16.73% | 16.93% | ||||
| Revenue as Reported | 9.76B | 8.91B | 9.15B | 10.88B | 12.46B | 8.66B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 700.00M | 35.00M | 42.00M | 3.00M | 5.00M | 195.00M |
| Short-Term Investments | 285.00M | 42.00M | 59.00M | 70.00M | 67.00M | |
| Cash & Short-Term Investments | 700.00M | 320.00M | 84.00M | 62.00M | 75.00M | 262.00M |
| Accounts Receivable | 1.30B | 1.03B | 1.08B | 1.33B | 1.49B | 1.20B |
| Other Receivables | 60.00M | 29.00M | 36.00M | 17.00M | 43.00M | 97.00M |
| Receivables | 1.36B | 1.06B | 1.12B | 1.34B | 1.53B | 1.30B |
| Prepaid Expenses | 56.00M | 56.00M | 55.00M | 38.00M | 28.00M | |
| Other Current Assets | 187.00M | 86.00M | 108.00M | 214.00M | 53.00M | 1.00M |
| Total Current Assets | 2.25B | 1.52B | 1.37B | 1.68B | 1.70B | 1.59B |
| Property, Plant & Equipment | 13.20B | 15.43B | 15.15B | 15.53B | 10.34B | 9.69B |
| Long-Term Investments | 20.00M | 33.00M | 26.00M | 21.00M | 27.00M | |
| Goodwill | 2.32B | 2.58B | 2.55B | 2.60B | 2.58B | 2.63B |
| Long-Term Deferred Tax Assets | 29.00M | 744.00M | 10.00M | 53.00M | 271.00M | |
| Long-Term Deferred Charges | 45.00M | 49.00M | 44.00M | 44.00M | 42.00M | |
| Other Long-Term Assets | 1.48B | 51.00M | 95.00M | 55.00M | 103.00M | 81.00M |
| Total Assets | 19.28B | 20.39B | 19.25B | 19.99B | 15.06B | 14.05B |
| Accounts Payable | 2.05B | 390.00M | 435.00M | 586.00M | 436.00M | 328.00M |
| Accrued Expenses | 7.00M | 1.07B | 1.16B | 1.27B | 1.45B | 1.32B |
| Current Portion of Long-Term Debt | 810.00M | 600.00M | 284.00M | 393.00M | ||
| Current Portion of Leases | 105.00M | 117.00M | 90.00M | 94.00M | 82.00M | 68.00M |
| Current Income Taxes Payable | 2.00M | 5.00M | 9.00M | 232.00M | 4.00M | 4.00M |
| Other Current Liabilities | 72.00M | 401.00M | 391.00M | 342.00M | 418.00M | 1.03B |
| Total Current Liabilities | 2.23B | 2.79B | 2.68B | 2.81B | 2.78B | 2.75B |
| Long-Term Debt | 3.69B | 4.39B | 4.85B | 5.45B | 3.18B | 4.79B |
| Long-Term Leases | 1.23B | 1.10B | 749.00M | 852.00M | 841.00M | 922.00M |
| Pension & Post-Retirement Benefits | 76.00M | 75.00M | 74.00M | 74.00M | 73.00M | 104.00M |
| Long-Term Deferred Tax Liabilities | 117.00M | 402.00M | 202.00M | 110.00M | 184.00M | 4.00M |
| Other Long-Term Liabilities | 432.00M | 426.00M | 364.00M | 316.00M | 312.00M | 417.00M |
| Total Liabilities | 7.78B | 9.20B | 8.92B | 9.62B | 7.37B | 8.98B |
| Common Stock | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M |
| Additional Paid-In Capital | 8.61B | 7.78B | 8.04B | 8.62B | 7.78B | 8.46B |
| Retained Earnings | 2.10B | 2.44B | 1.51B | 697.00M | -1.08B | -4.48B |
| Comprehensive Income & Other | 786.00M | 973.00M | 777.00M | 1.05B | 991.00M | 1.09B |
| Shareholders' Equity | 11.50B | 11.20B | 10.33B | 10.37B | 7.69B | 5.07B |
| Total Liabilities & Equity | 19.28B | 20.39B | 19.25B | 19.99B | 15.06B | 14.05B |
| Total Debt | 5.03B | 6.42B | 6.29B | 6.68B | 4.49B | 5.78B |
| Net Cash (Debt) | -4.33B | -6.10B | -6.21B | -6.62B | -4.42B | -5.51B |
| Net Cash Per Share | -16.28 | -23.50 | -23.22 | -25.09 | -17.10 | -20.70 |
| Filing Date Shares Outstanding | 275.50M | 283.34M | 260.32M | 269.52M | 243.64M | 256.77M |
| Total Common Shares Outstanding | 276.60M | 253.30M | 260.40M | 271.70M | 245.70M | 258.00M |
| Working Capital | 17.00M | -1.27B | -1.31B | -1.14B | -1.08B | -1.16B |
| Book Value Per Share | 41.57 | 44.20 | 39.67 | 38.17 | 31.29 | 19.67 |
| Tangible Book Value | 9.18B | 8.62B | 7.79B | 7.77B | 5.11B | 2.45B |
| Tangible Book Value Per Share | 33.17 | 34.03 | 29.90 | 28.60 | 20.78 | 9.48 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 920.00M | 1.24B | 1.12B | 2.08B | 3.64B | 1.42B |
| Depreciation & Amortization | 2.19B | 2.21B | 2.31B | 1.84B | 1.13B | 1.21B |
| Loss (Gain) From Sale of Assets | 337.00M | |||||
| Asset Writedown & Restructuring Costs | 1.68B | 920.00M | 450.00M | |||
| Other Operating Activities | -755.00M | -584.00M | 158.00M | -30.00M | -658.00M | 581.00M |
| Change in Accounts Receivable | 42.00M | 67.00M | 256.00M | 352.00M | -304.00M | -333.00M |
| Change in Accounts Payable | 148.00M | -177.00M | -247.00M | -304.00M | 50.00M | 275.00M |
| Change in Income Taxes | -60.00M | -18.00M | -250.00M | 271.00M | 53.00M | 24.00M |
| Change in Other Net Operating Assets | -39.00M | -5.00M | -80.00M | -51.00M | -43.00M | -46.00M |
| Operating Cash Flow | 4.45B | 3.65B | 3.72B | 4.17B | 3.87B | 3.13B |
| Capital Expenditures | -2.43B | -4.68B | -2.51B | -3.02B | -2.12B | -1.53B |
| Sale of Property, Plant & Equipment | 2.86B | 1.93B | 163.00M | 772.00M | 228.00M | |
| Cash Acquisitions | -1.19B | 12.00M | -3.23B | |||
| Divestitures | 1.02B | |||||
| Investment in Securities | -185.00M | -127.00M | -124.00M | -45.00M | 103.00M | -20.00M |
| Investing Cash Flow | -950.00M | -2.88B | -2.46B | -5.52B | -1.79B | -525.00M |
| Long-Term Debt Issued | 351.00M | 2.28B | 393.00M | |||
| Long-Term Debt Repaid | -600.00M | -284.00M | -109.00M | -1.70B | -2.19B | |
| Net Debt Issued (Repaid) | -1.89B | -249.00M | -284.00M | 2.17B | -1.31B | -2.19B |
| Repurchase of Common Stock | -589.00M | -307.00M | -597.00M | -426.00M | -719.00M | -111.00M |
| Common Dividends Paid | -322.00M | -308.00M | -316.00M | -307.00M | -239.00M | -122.00M |
| Other Financing Activities | -24.00M | 102.00M | -34.00M | -77.00M | ||
| Financing Cash Flow | -2.82B | -762.00M | -1.23B | 1.36B | -2.27B | -2.42B |
| Foreign Exchange Rate Adjustments | -13.00M | 6.00M | -9.00M | -2.00M | ||
| Net Cash Flow | 680.00M | -7.00M | 39.00M | -2.00M | -190.00M | 185.00M |
| Free Cash Flow | 2.02B | -1.03B | 1.21B | 1.15B | 1.75B | 1.60B |
| Free Cash Flow Margin | 21.22% | -11.91% | 13.56% | 10.75% | 12.26% | 15.28% |
| Free Cash Flow Per Share | 7.60 | -3.97 | 4.54 | 4.34 | 6.77 | 6.00 |
| Levered Free Cash Flow | 1.23B | -1.40B | 783.00M | 575.62M | 762.88M | 1.36B |
| Unlevered Free Cash Flow | 1.47B | -1.17B | 1.04B | 797.50M | 957.25M | 1.57B |
| Cash Interest Paid | 383.00M | 383.00M | 426.00M | 308.00M | 376.00M | |
| Cash Income Tax Paid | 62.00M | 62.00M | 295.00M | -19.00M | -38.00M | |
| Change in Working Capital | 91.00M | -133.00M | -321.00M | 268.00M | -244.00M | -80.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 20.01B | 9.93B | 10.54B | 11.93B | 12.59B | 8.80B |
| Enterprise Value | 24.34B | 16.33B | 17.31B | 19.01B | 17.10B | 14.58B |
| Last Close Price | 72.62 | 38.59 | 38.71 | 40.85 | 45.86 | 29.92 |
| PE Ratio | 21.00 | 7.99 | 9.37 | 5.72 | 3.46 | 6.21 |
| Forward PE | 8.46 | 8.02 | 7.25 | 5.52 | 4.07 | 4.19 |
| PS Ratio | 2.10 | 1.15 | 1.18 | 1.12 | 0.88 | 0.84 |
| PB Ratio | 1.75 | 0.89 | 1.02 | 1.15 | 1.64 | 1.73 |
| P/TBV Ratio | 2.18 | 1.15 | 1.35 | 1.54 | 2.47 | 3.60 |
| P/FCF Ratio | 9.90 | 8.69 | 10.41 | 7.20 | 5.50 | |
| P/OCF Ratio | 4.49 | 2.72 | 2.83 | 2.86 | 3.26 | 2.81 |
| PEG Ratio | 1.52 | 175.92 | 0.43 | 0.09 | 0.02 | |
| EV/Sales Ratio | 2.56 | 1.89 | 1.94 | 1.78 | 1.20 | 1.39 |
| EV/EBITDA Ratio | 4.98 | 3.82 | 3.96 | 4.03 | 3.43 | 5.33 |
| EV/EBIT Ratio | 9.03 | 7.90 | 8.40 | 6.63 | 4.43 | 9.55 |
| EV/FCF Ratio | 12.04 | 14.27 | 16.59 | 9.78 | 9.12 | |
| Debt / Equity Ratio | 0.44 | 0.57 | 0.61 | 0.64 | 0.58 | 1.14 |
| Debt / EBITDA Ratio | 0.99 | 1.44 | 1.38 | 1.37 | 0.88 | 2.01 |
| Debt / FCF Ratio | 2.49 | 5.19 | 5.83 | 2.57 | 3.61 | |
| Net Debt / Equity Ratio | 0.38 | 0.55 | 0.60 | 0.64 | 0.57 | 1.09 |
| Net Debt / EBITDA Ratio | 0.89 | 1.43 | 1.42 | 1.41 | 0.89 | 2.01 |
| Net Debt / FCF Ratio | 2.14 | -5.92 | 5.12 | 5.78 | 2.53 | 3.45 |
| Asset Turnover | 0.49 | 0.44 | 0.46 | 0.61 | 0.98 | 0.73 |
| Quick Ratio | 0.92 | 0.49 | 0.45 | 0.50 | 0.58 | 0.57 |
| Current Ratio | 1.01 | 0.55 | 0.51 | 0.60 | 0.61 | 0.58 |
| Return on Equity (ROE) | 8.41% | 11.54% | 10.87% | 23.09% | 56.99% | 31.78% |
| Return on Assets (ROA) | 8.64% | 6.51% | 6.56% | 10.23% | 16.57% | 6.69% |
| Return on Invested Capital (ROIC) | 15.33% | 12.21% | 10.23% | 16.38% | 34.00% | 13.63% |
| Return on Capital Employed (ROCE) | 15.80% | 11.70% | 12.40% | 16.70% | 31.40% | 13.50% |
| Earnings Yield | 4.76% | 12.51% | 10.67% | 17.47% | 28.89% | 16.09% |
| FCF Yield | 10.10% | -10.40% | 11.51% | 9.60% | 13.89% | 18.17% |
| Dividend Yield | 1.65% | 3.06% | 2.96% | 2.62% | 1.85% | 1.37% |
| Payout Ratio | 34.71% | 24.80% | 28.09% | 14.72% | 6.57% | 8.62% |
| Buyback Yield / Dilution | -1.16% | 2.88% | -1.33% | -2.13% | 3.00% | -2.54% |
| Total Shareholder Return | 0.49% | 5.94% | 1.64% | 0.49% | 4.86% | -1.17% |