Ovintiv Inc (OVV)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,670,000 | 2,511,000 | 2,451,000 | 2,501,000 | 2,519,000 | 2,840,000 | 3,746,000 | 4,731,000 | 3,879,000 | 4,160,000 | 2,793,000 | 1,156,000 | 1,525,000 | -511,000 | -2,023,000 | -5,961,000 | -5,397,000 | -4,834,000 | -3,013,000 | 1,584,000 |
| 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 |
| Operating profit margin | 18.09% | 25.45% | 24.05% | 23.83% | 23.90% | 25.99% | 31.67% | 36.26% | 31.12% | 33.04% | 25.79% | 13.16% | 17.61% | -7.46% | -32.38% | -112.85% | -88.66% | -78.94% | -44.28% | 19.47% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,670,000K ÷ $9,232,000K
= 18.09%
Ovintiv Inc's operating profit margin has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The company experienced a significant decline in its operating profit margin, dipping into negative territory in the initial quarters of this period. Specifically, from June 30, 2020, to March 31, 2021, the operating profit margin was notably negative, reaching its lowest point of -112.85% in March 31, 2021.
However, a reversal in this trend began in the latter part of 2021, with the operating profit margin improving and returning to positive territory in December 31, 2021. This positive growth continued into the following quarters, with the operating profit margin increasing steadily through June 30, 2022, to reach a peak of 36.26% in March 31, 2023.
Subsequently, the operating profit margin showed some slight fluctuations but remained relatively stable around the mid-20% range from June 30, 2023, to December 31, 2024. Overall, Ovintiv Inc's operating profit margin demonstrated a recovery from negative margins to healthy positive levels, indicating improved operational efficiency and profitability during the latter part of the period under review.
Peer comparison
Dec 31, 2024