Expand Energy vs Ovintiv
Expand Energy is the larger business, with $12.12bn of revenue in fiscal 2025 against $8.91bn for Ovintiv (1.4 times as much). Expand Energy grew faster (186.3% against -2.7%). Expand Energy kept more of each dollar of sales as profit: a net margin of 15.0% against 13.9%. Expand Energy carries less debt relative to equity (27.0% against 46.7%).
| Latest fiscal year | Expand EnergyEXE, 2025 | OvintivOVV, 2025 |
|---|---|---|
| Revenue | $12.12bn | $8.91bn |
| Revenue growth | 186.3% | -2.7% |
| Net income | $1.82bn | $1.24bn |
| Operating margin | 20.4% | 12.7% |
| Net margin | 15.0% | 13.9% |
| Return on equity | 10.1% | 11.5% |
| Free cash flow | $1.84bn | $1.50bn |
| Cash | $616m | $35.0m |
| Total debt | $5.03bn | $5.23bn |
| Debt to equity | 27.0% | 46.7% |
| Dividend per share | — | $1.20 |
| Dividend yield | 2.6% | 1.7% |
| Share buybacks | $100m | $307m |
| Employees | 1,600 | 1,465 |
| Market value | $20.87bn | $18.47bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 45 (Moderate) | 55 (Moderate) |
| Insider trades, 12 months | 7 buys, 0 sales | 0 buys, 6 sales |