EQT vs Ovintiv (EQT vs OVV)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
EQT has grown revenue faster over the last 4 fiscal years (+27.0% cumulative vs +0.1%). EQT runs the higher operating margin (37.6% vs 13.1%). EQT trades at the lower trailing P/E (9.3x vs 18.6x).
About EQT
EQT Corp is a natural gas company operating primarily in the Appalachian Basin. It engages in upstream activities including the production of natural gas, natural gas liquids, and oil, as well as gathering and transmission through its pipeline infrastructure. The company serves customers involved in power generation, industrial consumption, data centers, and LNG exports.
About Ovintiv
Ovintiv Inc. is an energy company that explores for, produces, and sells oil, natural gas, and natural gas liquids. It operates primarily in the United States and Canada. The company also provides natural gas gathering, processing, and other related services.
Head to head (EQT FY2025 vs OVV FY2025)
| Metric | EQTFY2025 | OVVFY2025 |
|---|---|---|
| Revenue | $8.64B | $8.66B |
| Revenue growth (YoY) | 63.9% | -3.1% |
| Gross margin | 82.3% | — |
| Operating margin | 37.6% | 13.1% |
| Net margin | 23.6% | 14.3% |
| Net income | $2.04B | $1.24B |
| Diluted EPS | $3.31 | $4.78 |
| FCF margin | 32.8% | 17.4% |
| ROE | 7.5% | 11.1% |
| Debt / equity | 0.3× | 0.4× |
| Market cap | $30.55B | $15.88B |
| P/E (TTM) | 9.3× | 18.6× |
Fundamentals are from each company’s SEC filings (EQT FY2025, OVV FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| EQT | $6.80B | $12.11B | $5.04B | $5.27B | $8.64B |
| OVV | $8.66B | $12.46B | $10.66B | $8.94B | $8.66B |
Peer standing
Where each company ranks among the 61 oil and gas companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | EQT | OVV |
|---|---|---|
| Operating margin | 37.6%90th percentile of 50 | 13.1%53rd percentile of 50 |
| Net margin | 23.6%84th percentile of 58 | 14.3%61st percentile of 58 |
| FCF margin | 32.8%95th percentile of 20 | 17.4%63rd percentile of 20 |
| Revenue growth (YoY) | +63.9%88th percentile of 59 | -3.1%34th percentile of 59 |
| ROE | 7.5%50th percentile of 49 | 11.1%65th percentile of 49 |
| P/E (TTM) | 9.3×28th percentile of 40 | 18.6×64th percentile of 40 |
| Debt / equity | 0.27×25th percentile of 37 | 0.39×44th percentile of 37 |
| Short interest (days to cover) | 2.19d29th percentile of 60 | 3.82d56th percentile of 60 |
Short interest
| FINRA settlement data | EQT | OVV |
|---|---|---|
| Shares sold short | 21.3M | 15.2M |
| Change vs prior settlement | -0.9% | +17.3% |
| Days to cover | 2.19 | 3.82 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | EQT | OVV |
|---|---|---|
| Buys | 0 | — |
| Sells | 4 ($5.6M) | — |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
8 tracked 13F managers hold both EQT and Ovintiv as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Point72 Asset Management, Renaissance Technologies, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.