Ovintiv (OVV) financial statements
Ovintiv reported revenue of $8.7B in fiscal 2025, up 10.5% a year over 8 years.
Net income was $1.2B and the operating margin 13.1%, against 27.4% in 2017.
Free cash flow was $1.5B, and the company returned $308M in dividends and $307M in net buybacks.
The diluted share count rose 33% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ovintiv's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9B | $5.5B | $7.0B | $5.5B | $10.5B | $14.3B | $10.7B | $8.9B | $8.7B |
| Selling, general and admin | $254M | $157M | $489M | $395M | $442M | $422M | $393M | $365M | $331M |
| Operating income | $1.1B | $1.7B | $598M | -$5.4B | $1.5B | $3.9B | $2.9B | $1.6B | $1.1B |
| Interest expense | $363M | $351M | $382M | $371M | $340M | $311M | $355M | $412M | $376M |
| Pre-tax income | $1.4B | $1.2B | $315M | -$5.7B | $1.2B | $3.6B | $2.5B | $1.4B | $770M |
| Income tax | $603M | $94M | $81M | $367M | -$177M | -$77M | $425M | $226M | -$472M |
| Net income | $827M | $1.1B | $234M | -$6.1B | $1.4B | $3.6B | $2.1B | $1.1B | $1.2B |
| EPS (diluted) | $4.25 | $5.57 | $0.90 | -$23.47 | $5.32 | $14.08 | $7.90 | $4.21 | $4.78 |
| Diluted shares | 195M | 192M | 261M | 260M | 266M | 258M | 264M | 267M | 260M |
| Operating margin | 27.4% | 31.0% | 8.5% | -98.0% | 14.5% | 27.0% | 26.9% | 17.7% | 13.1% |
| Net margin | 21.2% | 19.6% | 3.3% | -110.7% | 13.5% | 25.5% | 19.6% | 12.6% | 14.3% |
Balance sheet
Fiscal years, from Ovintiv's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $51M | $1.1B | $190M | $10M | $195M | $5M | $3M | $42M | $280M |
| Total current assets | — | $2.7B | $1.9B | $1.2B | $1.6B | $1.7B | $1.7B | $1.4B | $1.5B |
| Property, plant and equipment | — | $9.0B | $15.2B | $9.4B | $8.8B | $9.5B | $14.6B | $14.4B | $14.2B |
| Goodwill | — | $2.6B | $2.6B | $2.6B | $2.6B | $2.6B | $2.6B | $2.5B | $2.6B |
| Total assets | — | $15.3B | $21.5B | $14.5B | $14.1B | $15.1B | $20.0B | $19.3B | $20.4B |
| Total current liabilities | — | $2.0B | $2.4B | $2.4B | $2.7B | $2.8B | $2.8B | $2.7B | $2.8B |
| Long-term debt | — | $3.7B | $7.0B | $6.4B | $4.8B | $3.2B | $5.5B | $4.9B | $4.4B |
| Total liabilities | — | $7.9B | $11.6B | $10.6B | $9.0B | $7.4B | $9.6B | $8.9B | $9.2B |
| Shareholders' equity | $6.7B | $7.4B | $9.9B | $3.8B | $5.1B | $7.7B | $10.4B | $10.3B | $11.2B |
| Net debt | -$51M | $3.1B | $6.8B | $6.9B | $4.6B | $3.6B | $5.7B | $5.4B | $5.2B |
Cash flow
Fiscal years, from Ovintiv's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.1B | $2.3B | $2.9B | $1.9B | $3.1B | $3.9B | $4.2B | $3.7B | $3.7B |
| Capital spending | $1.8B | $2.0B | $2.6B | $1.7B | $1.5B | $1.8B | $2.7B | $2.3B | $2.1B |
| Free cash flow | -$746M | $325M | $295M | $159M | $1.6B | $2.0B | $1.4B | $1.4B | $1.5B |
| Stock-based compensation | $110M | -$46M | $39M | $33M | $138M | $202M | $47M | $66M | $57M |
| Dividends paid | $57M | $56M | $102M | $97M | $122M | $239M | $307M | $316M | $308M |
| Share buybacks (net) | $0 | -$250M | -$1.2B | $0 | -$111M | -$719M | -$426M | -$597M | -$307M |
| Free cash flow margin | -19.2% | 6.0% | 4.2% | 2.9% | 15.4% | 14.3% | 13.3% | 15.9% | 17.4% |
| Dividends per share | $0.29 | $0.29 | $0.39 | $0.37 | $0.46 | $0.92 | $1.16 | $1.18 | $1.19 |
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Open OVV in InvestinglyQuestions
What was Ovintiv's revenue in 2025?
$8.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Ovintiv generate?
$1.5B in fiscal 2025 (operating cash flow minus capital spending).
From Ovintiv's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.