Seek Returns

OVV vs. TRP: Ovintiv vs. TC Energy Stock Comparison

How do Ovintiv (OVV) and TC Energy (TRP) 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

Ovintiv (OVV) and TC Energy (TRP) both belong to the Oil, Gas & Consumable Fuels industry, though OVV is classified under Oil & Gas Exploration & Production while TRP falls under Oil & Gas Storage & Transportation.

Company profile comparison for Ovintiv (OVV) and TC Energy (TRP)
Profile ItemOVVTRP
NameOvintiv Inc.TC Energy Corporation
Country/RegionUnited StatesCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Exploration & ProductionOil & Gas Storage & Transportation
Market Capitalization16.26 billion USD64.51 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateApril 8, 2002September 20, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

OVV
TRP
GSPC
Loading price history…
Ovintiv (OVV) vs. TC Energy (TRP), 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

Loading price history…
Trailing total returns for Ovintiv (OVV) and TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Ovintiv (OVV) and TC Energy (TRP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ovintiv (OVV) and TC Energy (TRP)
MetricOVVTRP
Total Return (1Y)60.20%24.67%
Total Return (3Y, Annualized)14.43%26.02%
Total Return (5Y, Annualized)13.60%9.85%

Risk Profile

Drawdown History

OVV
TRP
GSPC
Loading price history…
Ovintiv (OVV) vs. TC Energy (TRP), 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

Loading price history…
Distribution of monthly total returns for Ovintiv (OVV) and TC Energy (TRP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ovintiv (OVV) and TC Energy (TRP)
MetricOVVTRP
Volatility (1Y, Annualized)36.62%19.39%
Beta (5Y)0.610.64
Max Drawdown (5Y)-47.13%-38.98%
Avg. Volume (3M)3.34M2.56M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
OVV and TRP 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 Ovintiv (OVV) and TC Energy (TRP)
MetricOVVTRP
Sharpe Ratio (1Y)1.531.05
Sortino Ratio (1Y)2.221.61

Profitability

ROE (TTM)

Both Ovintiv (OVV) at 12.10% and TC Energy (TRP) at 12.15% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

OVV

Energy industry group

12.10%

Max
53.85%
Q3
24.79%
Median
12.85%
OVV
12.10%
Q1
2.03%
Min
-29.09%

TRP

Energy industry group

12.15%

Max
53.85%
Q3
24.79%
Median
12.85%
TRP
12.15%
Q1
2.03%
Min
-29.09%
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

TC Energy (TRP) at 25.05% retains a top-quartile share of revenue as profit, ahead of Ovintiv (OVV) at 13.13%, which keeps about the industry-typical share.

OVV

Energy industry group

13.13%

Max
56.92%
Q3
22.92%
OVV
13.13%
Median
10.10%
Q1
0.07%
Min
-27.38%

TRP

Energy industry group

25.05%

Max
56.92%
TRP
25.05%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Ovintiv (OVV) at 34.32% and TC Energy (TRP) at 41.66% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

OVV

Energy industry group

34.32%

Max
71.31%
OVV
34.32%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

TRP

Energy industry group

41.66%

Max
71.31%
TRP
41.66%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Ovintiv (OVV) and TC Energy (TRP)
MetricOVVTRP
ROE (TTM)12.10%12.15%
ROA (TTM)10.13%3.70%
Net Margin (TTM)13.13%25.05%
Operating Margin (TTM)34.32%41.66%
Gross Margin (TTM)55.81%70.07%

Growth

Revenue Growth

Both Ovintiv (OVV) at -2.67% and TC Energy (TRP) at 10.66% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Ovintiv (OVV) at 13.54% and TC Energy (TRP) at -26.19% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ovintiv (OVV) and TC Energy (TRP)
MetricOVVTRP
Revenue Growth (YoY)-2.67%10.66%
Revenue Growth (3Y CAGR)-10.59%7.38%
EPS Growth (YoY)13.54%-26.19%
EPS Growth (3Y CAGR)-30.24%72.24%

Financial Strength

Current Ratio (MRQ)

Both Ovintiv (OVV) at 0.84 and TC Energy (TRP) at 0.57 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

OVV

Energy industry group

0.84

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
OVV
0.84
Min
0.24

TRP

Energy industry group

0.57

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRP
0.57
Min
0.24
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Ovintiv (OVV) at 0.44 carries an industry-typical debt-to-equity mix, while TC Energy (TRP) at 1.68 uses more debt funding than most peers.

OVV

Energy industry group

0.44

Max
1.75
Q3
0.93
Median
0.54
OVV
0.44
Q1
0.30
Min
0.00

TRP

Energy industry group

1.68

Max
1.75
TRP
1.68
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ovintiv (OVV) and TC Energy (TRP)
MetricOVVTRP
Current Ratio (MRQ)0.840.57
Debt / Equity (MRQ)0.441.68
Net Debt / EBITDA0.916.08

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while Ovintiv (OVV) at 1.97% pays a more typical yield — both are credible income propositions, TRP the richer one.

OVV

Energy industry group

1.97%

Max
8.57%
Q3
3.58%
OVV
1.97%
Median
1.71%
Q1
0.00%
Min
0.00%

TRP

Energy industry group

5.57%

Max
8.57%
TRP
5.57%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Ovintiv (OVV) at 23.95% pays out a band-typical share of earnings, while TC Energy (TRP) at 93.87% distributes more than its industry norm — less retained, thinner cover.

OVV

Energy industry group

23.95%

Max
133.24%
Q3
53.31%
Median
25.24%
OVV
23.95%
Q1
0.00%
Min
0.00%

TRP

Energy industry group

93.87%

Max
133.24%
TRP
93.87%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Ovintiv (OVV) and TC Energy (TRP)
MetricOVVTRP
Dividend Yield (TTM)1.97%5.57%
Dividend Payout Ratio (TTM)23.95%93.87%

Valuation

P/E Ratio (TTM)

Ovintiv (OVV) at 12.08 is near its industry’s usual P/E ratio, while TC Energy (TRP) at 23.19 sits in the richer quartile — TRP needs stronger growth or earnings quality to justify the premium.

OVV

Energy industry group

12.08

Max
39.54
Q3
21.72
Median
12.19
OVV
12.08
Q1
7.71
Min
2.99

TRP

Energy industry group

23.19

Max
39.54
TRP
23.19
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Ovintiv (OVV) at 1.62 is priced about in line with its industry on P/S ratio, while TC Energy (TRP) at 4.03 sits in the pricier quartile — TRP costs more per dollar of sales.

OVV

Energy industry group

1.62

Max
5.40
Q3
2.85
Median
1.69
OVV
1.62
Q1
0.88
Min
0.00

TRP

Energy industry group

4.03

Max
5.40
TRP
4.03
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Ovintiv (OVV) at 1.41 is valued about in line with its industry on P/B ratio, while TC Energy (TRP) at 3.54 carries an above-peer premium to book — TRP is pricier on assets.

OVV

Energy industry group

1.41

Max
4.21
Q3
2.38
Median
1.51
OVV
1.41
Q1
1.08
Min
0.01

TRP

Energy industry group

3.54

Max
4.21
TRP
3.54
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
Loading chart…
Ovintiv (OVV) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Ovintiv (OVV) and TC Energy (TRP)
MetricOVVTRP
P/E Ratio (TTM)12.0823.19
P/S Ratio (TTM)1.624.03
P/B Ratio (MRQ)1.413.54
Free Cash Flow Yield (TTM)5.54%0.77%