EQT vs Ovintiv
Ovintiv reported revenue of $8.9 billion in fiscal 2025, about the same as EQT's $8.6 billion in fiscal 2025. EQT's revenue grew 63.9% in its latest year, and Ovintiv's fell 2.7%. EQT had an operating margin of 37.6%, against 12.7% at Ovintiv. Free cash flow was $2.8 billion at EQT and $1.5 billion at Ovintiv.
Side by side
| EQT | Ovintiv | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $8.6B | $8.9B |
| Revenue growth | 63.9% | −2.7% |
| Revenue growth a year, last 5 years | 23.1% | 7.9% |
| Gross margin | 82.3% | — |
| Operating margin | 37.6% | 12.7% |
| Net margin | 23.6% | 13.9% |
| Free cash flow | $2.8B | $1.5B |
| Free cash flow margin | 32.8% | 16.9% |
| Return on capital | 7.4% | 7.1% |
| Net debt to EBITDA | 1.3x | 1.5x |
| Dividends and buybacks | $390M | $615M |
| Change in diluted share count | 19.6% | −2.9% |
| Last close | $54.85 | $72.55 |
| P/E at the last close | 12.7× | 20.8× |
| Insider trades, last 12 months | sold $24.3 million | sold $5.7 million |
| Piotroski F-score | 8 of 9 | 8 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
EQTOvintiv
Operating margin
Percent of revenue
EQTOvintiv
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EQTOvintiv