Expand Energy vs Ovintiv
Expand Energy reported revenue of $12.1 billion in fiscal 2025, 1.4 times Ovintiv's $8.9 billion in fiscal 2025. Expand Energy's revenue grew 186.3% in its latest year, and Ovintiv's fell 2.7%. Expand Energy had an operating margin of 20.4%, against 12.7% at Ovintiv. Free cash flow was $1.8 billion at Expand Energy and $1.5 billion at Ovintiv.
Side by side
| Expand Energy | Ovintiv | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $12.1B | $8.9B |
| Revenue growth | 186.3% | −2.7% |
| Revenue growth a year, last 5 years | 7.3% | 7.9% |
| Gross margin | — | — |
| Operating margin | 20.4% | 12.7% |
| Net margin | 15.0% | 13.9% |
| Free cash flow | $1.8B | $1.5B |
| Free cash flow margin | 15.2% | 16.9% |
| Return on capital | 8.6% | 7.1% |
| Net debt to EBITDA | 0.8x | 1.5x |
| Dividends and buybacks | $865M | $615M |
| Change in diluted share count | 53.1% | −2.9% |
| Last close | $94.02 | $72.55 |
| P/E at the last close | 8.1× | 20.8× |
| Insider trades, last 12 months | bought $876,540, sold $0 | sold $5.7 million |
| Piotroski F-score | 7 of 8 | 8 of 8 |
Amounts in each company's own currency, US$ 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
Expand EnergyOvintiv
Operating margin
Percent of revenue
Expand EnergyOvintiv
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Expand EnergyOvintiv
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Expand Energy and Ovintiv pages.