Ovintiv Inc (OVV)
Net profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 |
| Revenue (ttm) | US$ in thousands | 10,883,000 | 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 |
| Net profit margin | 19.16% | 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% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,085,000K ÷ $10,883,000K
= 19.16%
The net profit margin of Ovintiv Inc has shown fluctuations over the past eight quarters, ranging from 9.94% in Q1 2022 to 33.63% in Q1 2023. Overall, the net profit margin has been trending upwards from Q1 2022 to Q1 2023, indicating an improvement in the company's profitability. However, there is some variability in the margins between quarters, suggesting potential shifts in the company's cost structure or revenue streams during these periods. Further analysis of the company's financial and operational performance would be necessary to understand the factors driving these changes in net profit margin.
Peer comparison
Dec 31, 2023