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EQNR vs. OVV: Equinor vs. Ovintiv Stock Comparison

How do Equinor (EQNR) and Ovintiv (OVV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Equinor (EQNR) and Ovintiv (OVV) both belong to the Oil, Gas & Consumable Fuels industry, though EQNR is classified under Integrated Oil & Gas while OVV falls under Oil & Gas Exploration & Production.

Ovintiv (OVV) trades as ordinary local shares, while Equinor (EQNR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Equinor (EQNR) and Ovintiv (OVV)
Profile ItemEQNROVV
NameEquinor ASA Sponsored ADROvintiv Inc.
Country/RegionNorwayUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Exploration & Production
Market Capitalization99.39 billion USD16.26 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 18, 2001April 8, 2002
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

EQNR
OVV
GSPC
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Equinor (EQNR) vs. Ovintiv (OVV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Equinor (EQNR) and Ovintiv (OVV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equinor (EQNR) and Ovintiv (OVV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equinor (EQNR) and Ovintiv (OVV)
MetricEQNROVV
Total Return (1Y)78.03%60.20%
Total Return (3Y, Annualized)17.56%14.43%
Total Return (5Y, Annualized)17.66%13.60%

Risk Profile

Drawdown History

EQNR
OVV
GSPC
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Equinor (EQNR) vs. Ovintiv (OVV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Equinor (EQNR) and Ovintiv (OVV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinor (EQNR) and Ovintiv (OVV)
MetricEQNROVV
Volatility (1Y, Annualized)40.50%36.62%
Beta (5Y)0.180.61
Max Drawdown (5Y)-34.57%-47.13%
Avg. Volume (3M)3.77M3.34M

Risk-Adjusted Performance

Risk-Return Positioning

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EQNR and OVV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Equinor (EQNR) and Ovintiv (OVV)
MetricEQNROVV
Sharpe Ratio (1Y)1.821.53
Sortino Ratio (1Y)2.762.22

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while Ovintiv (OVV) at 12.10% is closer to the peer norm — stronger capital efficiency for EQNR.

EQNR

Energy industry group

27.57%

Max
53.85%
EQNR
27.57%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

OVV

Energy industry group

12.10%

Max
53.85%
Q3
24.79%
Median
12.85%
OVV
12.10%
Q1
2.03%
Min
-29.09%
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Equinor (EQNR) at 9.79% and Ovintiv (OVV) at 13.13% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

EQNR

Energy industry group

9.79%

Max
56.92%
Q3
22.92%
Median
10.10%
EQNR
9.79%
Q1
0.07%
Min
-27.38%

OVV

Energy industry group

13.13%

Max
56.92%
Q3
22.92%
OVV
13.13%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Equinor (EQNR) at 37.00% and Ovintiv (OVV) at 34.32% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

EQNR

Energy industry group

37.00%

Max
71.31%
EQNR
37.00%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

OVV

Energy industry group

34.32%

Max
71.31%
OVV
34.32%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Equinor (EQNR) and Ovintiv (OVV)
MetricEQNROVV
ROE (TTM)27.57%12.10%
ROA (TTM)17.10%10.13%
Net Margin (TTM)9.79%13.13%
Operating Margin (TTM)37.00%34.32%
Gross Margin (TTM)43.18%55.81%

Growth

Revenue Growth

Both Equinor (EQNR) at 3.24% and Ovintiv (OVV) at -2.67% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Equinor (EQNR) at -37.62% and Ovintiv (OVV) at 13.54% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinor (EQNR) and Ovintiv (OVV)
MetricEQNROVV
Revenue Growth (YoY)3.24%-2.67%
Revenue Growth (3Y CAGR)-10.78%-10.59%
EPS Growth (YoY)-37.62%13.54%
EPS Growth (3Y CAGR)-40.11%-30.24%

Financial Strength

Current Ratio (MRQ)

Equinor (EQNR) at 1.18 keeps current ratio within its industry’s typical mid-range, while Ovintiv (OVV) at 0.84 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for OVV.

EQNR

Energy industry group

1.18

Max
3.64
Q3
2.21
Median
1.41
EQNR
1.18
Q1
0.88
Min
0.24

OVV

Energy industry group

0.84

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
OVV
0.84
Min
0.24
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Equinor (EQNR) at 0.66 and Ovintiv (OVV) at 0.44 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EQNR

Energy industry group

0.66

Max
1.75
Q3
0.93
EQNR
0.66
Median
0.54
Q1
0.30
Min
0.00

OVV

Energy industry group

0.44

Max
1.75
Q3
0.93
Median
0.54
OVV
0.44
Q1
0.30
Min
0.00
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinor (EQNR) and Ovintiv (OVV)
MetricEQNROVV
Current Ratio (MRQ)1.180.84
Debt / Equity (MRQ)0.660.44
Net Debt / EBITDA0.120.91

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while Ovintiv (OVV) at 1.97% pays a more typical yield — both are credible income propositions, EQNR the richer one.

EQNR

Energy industry group

3.67%

Max
8.57%
EQNR
3.67%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

OVV

Energy industry group

1.97%

Max
8.57%
Q3
3.58%
OVV
1.97%
Median
1.71%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equinor (EQNR) at 31.54% and Ovintiv (OVV) at 23.95% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQNR

Energy industry group

31.54%

Max
133.24%
Q3
53.31%
EQNR
31.54%
Median
25.24%
Q1
0.00%
Min
0.00%

OVV

Energy industry group

23.95%

Max
133.24%
Q3
53.31%
Median
25.24%
OVV
23.95%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Equinor (EQNR) and Ovintiv (OVV)
MetricEQNROVV
Dividend Yield (TTM)3.67%1.97%
Dividend Payout Ratio (TTM)31.54%23.95%

Valuation

P/E Ratio (TTM)

Both Equinor (EQNR) at 8.71 and Ovintiv (OVV) at 12.08 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EQNR

Energy industry group

8.71

Max
39.54
Q3
21.72
Median
12.19
EQNR
8.71
Q1
7.71
Min
2.99

OVV

Energy industry group

12.08

Max
39.54
Q3
21.72
Median
12.19
OVV
12.08
Q1
7.71
Min
2.99
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 sits in the cheaper P/S ratio quartile while Ovintiv (OVV) at 1.62 prices around its industry’s middle — EQNR costs less per dollar of sales, though read it alongside growth and margins.

EQNR

Energy industry group

0.82

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
EQNR
0.82
Min
0.00

OVV

Energy industry group

1.62

Max
5.40
Q3
2.85
Median
1.69
OVV
1.62
Q1
0.88
Min
0.00
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Ovintiv (OVV) at 1.41 sits near its industry’s typical P/B ratio, while Equinor (EQNR) at 4.44 prices above its benchmark range — EQNR looks rich relative to book.

EQNR

Energy industry group

4.44

EQNR
4.44
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

OVV

Energy industry group

1.41

Max
4.21
Q3
2.38
Median
1.51
OVV
1.41
Q1
1.08
Min
0.01
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Equinor (EQNR) vs. Ovintiv (OVV): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Equinor (EQNR) and Ovintiv (OVV)
MetricEQNROVV
P/E Ratio (TTM)8.7112.08
P/S Ratio (TTM)0.821.62
P/B Ratio (MRQ)4.441.41
Free Cash Flow Yield (TTM)32.55%5.54%