Ovintiv Inc (OVV)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,125,000 | 2,041,000 | 1,940,000 | 1,936,000 | 2,085,000 | 2,564,000 | 3,344,000 | 4,365,000 | 3,637,000 | 3,686,000 | 2,428,000 | 866,000 | 1,416,000 | -582,000 | -2,031,000 | -6,209,000 | -6,097,000 | -5,489,000 | -3,819,000 | 900,000 |
| 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 |
| Net profit margin | 12.19% | 20.69% | 19.04% | 18.45% | 19.78% | 23.46% | 28.27% | 33.45% | 29.18% | 29.27% | 22.42% | 9.86% | 16.35% | -8.50% | -32.51% | -117.55% | -100.16% | -89.63% | -56.12% | 11.06% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,125,000K ÷ $9,232,000K
= 12.19%
The net profit margin of Ovintiv Inc has experienced significant fluctuations over the past few years. Beginning from March 2020 to December 2020, the company incurred negative net profit margins, indicating that expenses exceeded revenues during this period.
However, starting from March 2021, the net profit margin improved and gradually recovered, turning positive by December 2021. This positive trend continued into the following years, with the net profit margin steadily increasing from 16.35% in December 2021 to 20.69% in September 2024.
The most recent data as of December 31, 2024, shows a net profit margin of 12.19%. This positive trend suggests an improvement in the company's ability to generate profit relative to its revenue during the specified period.
Overall, the fluctuating net profit margin of Ovintiv Inc reflects the company's financial performance and operational efficiency, indicating both challenges and progress in its profitability over the analyzed period.
Peer comparison
Dec 31, 2024