Ovintiv vs Woodside Energy
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The short version
- Woodside Energy is the larger business, with $13.0B of revenue in fiscal 2025 against $8.9B for Ovintiv.
- Woodside Energy grew revenue faster (β1.5%, against β2.7%).
- Woodside Energy kept more of each dollar of sales as operating profit (30.0% operating margin, against 12.7%).
| Latest fiscal year | OVV Β· FY25 | WDS Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $20.4B | $45.3B |
| Revenue | $8.9B | $13.0B |
| Free cash flow | $1.5B | β |
| Net income | $1.2B | $2.7B |
| Growth | ||
| Revenue growth | β2.7% | β1.5% |
| 5-year growth | 7.9% | 29.3% |
| Share count change | β2.9% | 0.1% |
| Profitability | ||
| Gross margin | β | 34.9% |
| Operating margin | 12.7% | 30.0% |
| Net margin | 13.9% | 20.9% |
| FCF margin | 16.9% | β |
| Return on capital | 7.1% | 7.1% |
| Return on equity | 11.5% | 7.6% |
| Balance sheet | ||
| Net debt | $4.9B | $6.3B |
| Net debt / EBITDA | 1.5x | 0.7x |
| Dividends and buybacks | $615M | $2.1B |
| Valuation & quality | ||
| P/E | 20.7x | β |
| Piotroski F-score | 8 | 4 |
Revenue
FY16
OVV $2.9B
WDS β
FY17
OVV $4.4B
WDS β
FY18
OVV $5.9B
WDS β
FY19
OVV $6.7B
WDS β
FY20
OVV $6.1B
WDS $3.6B
FY21
OVV $8.7B
WDS $7.0B
FY22
OVV $12.5B
WDS $16.8B
FY23
OVV $10.9B
WDS $14.0B
FY24
OVV $9.2B
WDS $13.2B
FY25
OVV $8.9B
WDS $13.0B
OVV
WDS
Operating margin
FY16
OVV β64.5%
WDS β
FY17
OVV 24.0%
WDS β
FY18
OVV 28.5%
WDS β
FY19
OVV 8.9%
WDS β
FY20
OVV β88.7%
WDS β143.6%
FY21
OVV 17.5%
WDS 50.2%
FY22
OVV 30.9%
WDS 54.6%
FY23
OVV 26.3%
WDS 23.6%
FY24
OVV 17.3%
WDS 34.3%
FY25
OVV 12.7%
WDS 30.0%
OVV
WDS
Free cash flow
FY16
OVV β$507M
WDS β
FY17
OVV β$746M
WDS β
FY18
OVV $325M
WDS β
FY19
OVV $295M
WDS β
FY20
OVV $159M
WDS β
FY21
OVV $1.6B
WDS β
FY22
OVV $2.0B
WDS β
FY23
OVV $1.4B
WDS β
FY24
OVV $1.4B
WDS β
FY25
OVV $1.5B
WDS β
OVV
WDS
Return on capital
FY16
OVV β14.3%
WDS β
FY17
OVV 6.3%
WDS β
FY18
OVV 14.8%
WDS β
FY19
OVV 3.2%
WDS β
FY20
OVV β30.7%
WDS β
FY21
OVV 14.8%
WDS β
FY22
OVV 36.7%
WDS 23.8%
FY23
OVV 17.4%
WDS 7.1%
FY24
OVV 8.3%
WDS 9.1%
FY25
OVV 7.1%
WDS 7.1%
OVV
WDS
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.