Ovintiv Inc (OVV)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,914,000 | 3,751,000 | 3,732,000 | 4,415,000 | 4,984,000 | 6,312,000 | 7,260,000 | 8,155,000 | 7,296,000 | 7,071,000 | 5,551,000 | 3,901,000 | 4,224,000 | 2,850,000 | 2,609,000 | 1,921,000 | 2,714,000 | 2,639,000 | 3,220,000 | 4,561,000 |
| Revenue (ttm) | US$ in thousands | 9,232,000 | 9,866,000 | 10,191,000 | 10,494,000 | 10,539,000 | 10,929,000 | 11,829,000 | 13,048,000 | 12,464,000 | 12,591,000 | 10,831,000 | 8,787,000 | 8,658,000 | 6,847,000 | 6,248,000 | 5,282,000 | 6,087,000 | 6,124,000 | 6,805,000 | 8,134,000 |
| Gross profit margin | 42.40% | 38.02% | 36.62% | 42.07% | 47.29% | 57.75% | 61.37% | 62.50% | 58.54% | 56.16% | 51.25% | 44.40% | 48.79% | 41.62% | 41.76% | 36.37% | 44.59% | 43.09% | 47.32% | 56.07% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,914,000K ÷ $9,232,000K
= 42.40%
The gross profit margin of Ovintiv Inc has shown fluctuating trends over the quarterly periods provided. Starting at 56.07% in March 31, 2020, the gross profit margin experienced a decrease over the following quarters, reaching a low of 36.37% by March 31, 2021. However, there was a gradual improvement in the gross profit margin from that point onwards, with figures consistently rising to 58.54% by December 31, 2022.
A notable peak of 62.50% was reached by March 31, 2023, indicating strong profitability during that period. Subsequently, the gross profit margin experienced some fluctuations, but generally remained at relatively high levels, fluctuating around the range of 36.62% to 61.37% up to June 30, 2024. The latest reported figure as of December 31, 2024, is 42.40%.
Overall, the trend in the gross profit margin of Ovintiv Inc reveals periods of both improvement and decline, reflecting varying levels of efficiency in generating profit from its core business operations over the quarters analyzed.
Peer comparison
Dec 31, 2024