Ovintiv Inc. (OVV) Income Statement
OVV 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOVV revenue and net income
Where OVV's revenue goes
2025Each bar shows an amount and its share of revenue. OVV kept 14.2% of revenue as net income.
OVV profit margins
OVV growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.5% | −11.2% | +7.5% | +7.0% |
| Gross profit | −49.9% | −28.7% | −1.7% | +0.1% |
| Operating income | +19.8% | −21.1% | — | +27.1% |
| Net income | +10.4% | −30.1% | — | — |
| EPS (diluted) | −17.1% | −11.1% | +70.2% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OVV quarterly EPS vs estimates
Ovintiv beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.66).
OVV income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.74B | $9.15B | $10.88B | $12.46B | $8.66B | $6.09B | $6.73B | $5.94B | $4.44B | $2.92B |
| Cost of revenue | $6.24B | $4.17B | $4.98B | $5.58B | $4.43B | $3.37B | $3.31B | $2.52B | $1.73B | $1.54B |
| Gross profit | $2.50B | $4.98B | $5.90B | $6.88B | $4.22B | $2.71B | $3.41B | $3.42B | $2.71B | $1.37B |
| Sales, general & admin | $319.0M | $323.0M | $2.07B | $422.0M | $442.0M | $395.0M | $489.0M | $157.0M | $254.0M | $275.0M |
| Total operating expenses | $605.0M | $3.40B | $3.04B | $3.03B | $2.71B | $8.11B | $2.82B | $1.73B | $1.64B | $3.25B |
| Operating income | $1.89B | $1.58B | $2.86B | $3.85B | $1.52B | −$5.40B | $598.0M | $1.69B | $1.07B | −$1.88B |
| Interest income | $396.0M | $386.0M | $363.0M | $254.0M | $317.0M | $388.0M | $263.0M | $456.0M | $21.0M | $72.0M |
| Interest expense | $376.0M | $412.0M | $355.0M | $311.0M | $340.0M | $371.0M | $382.0M | $351.0M | $363.0M | $397.0M |
| Income before taxes | $770.0M | $1.35B | $2.51B | $3.56B | $1.24B | −$5.73B | $315.0M | $1.16B | $1.43B | −$1.62B |
| Income taxes | −$472.0M | $226.0M | $425.0M | −$77.0M | −$177.0M | $367.0M | $81.0M | $94.0M | $603.0M | −$676.0M |
| Net income | $1.24B | $1.12B | $2.08B | $3.64B | $1.42B | −$6.10B | $234.0M | $1.07B | $827.0M | −$944.0M |
| EBITDA | $3.35B | $4.05B | $4.69B | $4.98B | $2.77B | −$3.52B | $2.71B | $2.79B | $2.63B | −$364.0M |
| EPS (diluted) | $4.86 | $5.86 | $6.83 | $6.91 | $4.96 | $0.34 | $3.31 | $4.28 | $2.18 | $0.40 |
| Gross margin | 28.6% | 54.4% | 54.2% | 55.2% | 48.8% | 44.6% | 50.8% | 57.6% | 61.0% | 47.1% |
| Operating margin | 21.6% | 17.3% | 26.3% | 30.9% | 17.5% | −88.7% | 8.9% | 28.5% | 24.0% | −64.5% |
| Net margin | 14.2% | 12.3% | 19.2% | 29.2% | 16.4% | −100.2% | 3.5% | 18.0% | 18.6% | −32.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.01B | $2.53B | $2.07B | $2.02B | $2.32B | $2.38B | $2.19B | $2.32B | $2.29B | $2.35B | $3.17B | $2.65B |
| Cost of revenue | $1.16B | $984.0M | $1.52B | $1.02B | $1.07B | $1.03B | $1.00B | $1.08B | $1.00B | $1.09B | $1.23B | $1.42B |
| Gross profit | $1.85B | $1.55B | $548.0M | $998.0M | $1.25B | $1.34B | $1.19B | $1.25B | $1.29B | $1.26B | $1.94B | $1.23B |
| Sales, general & admin | $81.0M | $92.0M | $83.0M | $58.0M | $75.0M | $83.0M | $84.0M | $72.0M | $105.0M | $114.0M | $420.0M | $78.0M |
| Total operating expenses | $811.0M | $797.0M | $137.0M | $725.0M | $738.0M | $1.43B | $1.19B | $720.0M | $730.0M | $769.0M | $753.0M | $761.0M |
| Operating income | $1.04B | $751.0M | $411.0M | $273.0M | $511.0M | −$89.0M | $2.0M | $527.0M | $556.0M | $494.0M | $1.19B | $467.0M |
| Interest income | — | — | $99.0M | $84.0M | $117.0M | $107.0M | $108.0M | $120.0M | — | — | — | $75.0M |
| Interest expense | $100.0M | $104.0M | $93.0M | $89.0M | $95.0M | $97.0M | $106.0M | $103.0M | $105.0M | $98.0M | $106.0M | $105.0M |
| Income before taxes | $539.0M | −$827.0M | $372.0M | $192.0M | $399.0M | −$193.0M | −$101.0M | $558.0M | $466.0M | $428.0M | $1.07B | $393.0M |
| Income taxes | $83.0M | −$197.0M | −$574.0M | $44.0M | $92.0M | −$34.0M | −$41.0M | $51.0M | $126.0M | $90.0M | $211.0M | −$13.0M |
| Net income | $456.0M | −$630.0M | $946.0M | $148.0M | $307.0M | −$159.0M | −$60.0M | $507.0M | $340.0M | $338.0M | $856.0M | $406.0M |
| EBITDA | $1.16B | −$162.0M | $998.0M | $826.0M | $1.05B | $449.0M | $550.0M | $1.26B | $1.15B | $1.09B | $1.73B | $984.0M |
| EPS (diluted) | $1.74 | $2.00 | $1.39 | $1.03 | $1.02 | $1.42 | $1.35 | $1.85 | $1.23 | $1.43 | $2.35 | $1.74 |
| Gross margin | 61.4% | 61.1% | 26.4% | 49.4% | 53.9% | 56.5% | 54.3% | 53.7% | 56.2% | 53.7% | 61.3% | 46.4% |
| Operating margin | 34.5% | 29.7% | 19.8% | 13.5% | 22.0% | −3.7% | 0.1% | 22.7% | 24.3% | 21.0% | 37.5% | 17.6% |
| Net margin | 15.1% | −24.9% | 45.7% | 7.3% | 13.2% | −6.7% | −2.7% | 21.8% | 14.9% | 14.4% | 27.0% | 15.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OVV's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OVV financial results
In fiscal year 2025 (ended December 31, 2025), Ovintiv reported revenue of $8.7 billion, down 4.5% from the year before. It had net income of $1.2 billion (up 10.4%), a net profit margin of 14.2%. Diluted earnings per share came to $4.86. Over five years revenue grew at an average rate of 7.5% a year.
See the OVV stock overview for the latest quote and news, or the OVV chart for price history and technical indicators.
OVV income statement FAQ
What is Ovintiv's annual revenue?
Ovintiv reported total revenue of $8.7 billion for fiscal year 2025, which ended on December 31, 2025. That was down 4.5% from $9.2 billion the previous year.
Is Ovintiv profitable?
Yes. Ovintiv reported net income of $1.2 billion in fiscal 2025, a net profit margin of 14.2%; its operating margin was 21.6%.
What is Ovintiv's gross margin?
Ovintiv's gross margin was 28.6% in fiscal 2025: for every $100 of revenue, Ovintiv kept $29 after the direct cost of its products and services.
How fast is Ovintiv growing?
Revenue grew 7.5% a year on average over the last five fiscal years, from $6.1 billion to $8.7 billion.
What are Ovintiv's earnings per share?
Ovintiv earned $4.86 per diluted share in fiscal 2025, compared with $5.86 a year earlier.
When will Ovintiv report its next earnings?
Ovintiv is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Ovintiv's fiscal year end?
Ovintiv's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.