The Filing Desk

Ovintiv vs Woodside Energy

Ovintiv OVV · Woodside Energy WDS · Oil & Gas Exploration & Production

Woodside Energy reported revenue of $13.0 billion in fiscal 2025, 1.5 times Ovintiv's $8.9 billion in fiscal 2025. Ovintiv's revenue fell 2.7% in its latest year, and Woodside Energy's fell 1.5%. Ovintiv had an operating margin of 12.7%, against 29.9% at Woodside Energy.

Side by side

OvintivWoodside Energy
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$8.9B$13.0B
Revenue growth−2.7%−1.5%
Revenue growth a year, last 5 years7.9%29.2%
Gross margin—34.9%
Operating margin12.7%29.9%
Net margin13.9%20.9%
Free cash flow$1.5B—
Free cash flow margin16.9%—
Return on capital7.1%7.1%
Net debt to EBITDA1.5x0.7x
Dividends and buybacks$615M$2.1B
Change in diluted share count−2.9%0.1%
Last close$72.55$23.33
P/E at the last close20.8×—
Insider trades, last 12 monthssold $5.7 millionsold $535,350
Piotroski F-score8 of 84 of 9
Amounts in each company's own currency, US$ 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
OvintivWoodside Energy
Operating margin
Percent of revenue
OvintivWoodside Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
OvintivWoodside Energy

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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 Ovintiv and Woodside Energy pages.