Ovintiv vs Permian Resources (OVV vs PR)

Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.

Ovintiv is the larger company by revenue ($8.7B vs $5.1B). Permian Resources carries the larger market value ($19.1B vs $17.8B). Permian Resources has grown revenue faster over the last 4 fiscal years (+391.8% cumulative vs +0.1%). Permian Resources runs the higher operating margin (28.9% vs 13.1%). Permian Resources trades at the lower trailing P/E (14.7x vs 18.0x).

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 (OVV FY2025 vs PR FY2025)

Metric	OVVFY2025	PRFY2025
Revenue	$8.66B	$5.07B
Revenue growth (YoY)	-3.1%	1.3%
Gross margin	—	—
Operating margin	13.1%	28.9%
Net margin	14.3%	18.5%
Net income	$1.24B	$935.2M
Diluted EPS	$4.78	$1.28
FCF margin	17.4%	—
ROE	11.1%	8.1%
Long-term debt / equity	0.39×	0.31×
Market cap	$17.85B	$19.05B
P/E	18.0×	14.7×

Fundamentals are from each company’s SEC filings (OVV FY2025, PR FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

Five-year trend (as reported)

Revenue	FY2021	FY2022	FY2023	FY2024	FY2025
OVV	$8.66B	$12.46B	$10.66B	$8.94B	$8.66B
PR	$1.03B	$2.13B	$3.12B	$5.00B	$5.07B

Net income	FY2021	FY2022	FY2023	FY2024	FY2025
OVV	$1.42B	$3.64B	$2.08B	$1.13B	$1.24B
PR	$138.2M	$515.0M	$476.3M	$984.7M	$935.2M

Operating margin	FY2021	FY2022	FY2023	FY2024	FY2025
OVV	17.5%	30.9%	26.9%	17.7%	13.1%
PR	36.0%	47.3%	35.1%	34.9%	28.9%

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	OVV	PR
Operating margin	13.1%53rd percentile of 50	28.9%73rd percentile of 50
Net margin	14.3%61st percentile of 58	18.5%72nd percentile of 58
Revenue growth (YoY)	-3.1%34th percentile of 59	+1.3%43rd percentile of 59
ROE	11.1%65th percentile of 49	8.1%52nd percentile of 49
P/E	18.0×75th percentile of 41	14.7×63rd percentile of 41
Long-term debt / equity	0.39×44th percentile of 37	0.31×33rd percentile of 37
Short interest (days to cover)	3.75d42nd percentile of 60	2.05d17th percentile of 60

Short interest

FINRA settlement data	OVV	PR
Shares sold short	12.0M	18.1M
Change vs prior settlement	-13.3%	-17.9%
Days to cover	3.75	2.05
As of settlement	2026-08-14	2026-08-14

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 activity (codes P/S)	OVV	PR
Buys	0	0
Sells	1 ($490,920)	0

Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.

Held by the same investors

8 tracked 13F managers hold both Ovintiv and Permian Resources as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Renaissance Technologies, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.

Go deeper

Ovintiv Inc. (OVV)

Full statements, filings, ownership and peer ranks →

Permian Resources Corp (PR)

Full statements, filings, ownership and peer ranks →

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Data sourced from SEC EDGAR. 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.