Based on the latest figures, Ovintiv reports a gross margin of 53.4%, an operating margin of 9.7%, an EBITDA margin of 28.9%, and a net margin of 9.4%. Margin expansion was strongest in net margin, which rose by 2.9 percentage points. EBITDA margin had the strongest contraction, falling by 7 percentage points.
OVV margin history
Looking back over the last 3 years, Ovintiv recorded average margins of 51.17% gross, 16.22% operating, 39.26% EBITDA, and 12.36% net. Ovintiv's current metrics show that gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.
OVV margin expansion
Ovintiv's gross margin expanded by 1.7 percentage points and net margin by 2.9 percentage points, but operating margin contracted by 0.6 percentage points and EBITDA margin by 7 percentage points.
OVV Gross margin
The average gross margin for Ovintiv was 51.17% during the last 3 years. At present, the current gross margin for Ovintiv is 53.4%, 2.2 percentage points above its three-year average. The gross margin for Ovintiv moved between 46.9% in Dec 2023 and 53.5% in Sep 2024.
OVV Operating margin
Across the last 3 years, Ovintiv's operating margin stood at 16.22%. The current operating margin stands at 9.7%, 6.5 percentage points below its three-year average. Operating margin was highest at 27.3% in Sep 2024 and lowest at 5.1% in Mar 2026.
OVV EBITDA margin
Over the last 3 years, Ovintiv's EBITDA margin averaged 39.26%. The current EBITDA margin of 28.9% is 10.4 percentage points below its three-year average. During this period, EBITDA margin reached a high of 51.6% in Sep 2024 and a low of 28.9% in Jun 2026.
OVV Net margin
Ovintiv's net margin averaged 12.36% in the last 3 years. Compared with its three-year average, Ovintiv's current net margin is 9.4% and is 3 percentage points below its three-year average. Over the last 3 years, Ovintiv's net margin peaked at 20.1% in Sep 2024 and reached a low of 2.6% in Sep 2025.
OVV margin group comparison
Ovintiv's gross margin of 53.4% is above the Energy sector average but below the industry average. Compared to its Energy sector average of 42.5%, Ovintiv's gross margin is 26% higher.
OVV margin peer comparison
Frequently asked questions
What is Ovintiv's gross margin?
The current gross margin for OVV is 53.4% as of Jun 30, 2026.
What is Ovintiv's operating margin?
The current operating margin for OVV is 9.7% as of Jun 30, 2026.
What is Ovintiv's EBITDA margin?
As of Jun 30, 2026, OVV has an EBITDA margin of 28.9%.
What is Ovintiv's net margin?
As of Jun 30, 2026, OVV has a net margin of 9.4%.
What are the average margins of OVV?
Over the last 3 years, Ovintiv's margins averaged 51.2% gross, 16.2% operating, 39.3% EBITDA, and 12.4% net.
What are the highest historical margins of OVV?
Within the 5-year period, OVV recorded its highest margins at 53.5% gross in Sep 2024, 36.3% operating in Mar 2023, 51.6% EBITDA in Sep 2024, and 33.5% net in Mar 2023.
What are the lowest historical margins of OVV?
Across the 5-year period, OVV posted its lowest margins at 31.4% gross in Mar 2022, 5.1% operating in Mar 2026, 26.6% EBITDA in Mar 2022, and 2.6% net in Sep 2025.