• Ovintiv average ebitda margin for 2023 was 42.98%, a 20.16% increase from 2022.
• Ovintiv average ebitda margin for 2022 was 35.77%, a 392% increase from 2021.
• Ovintiv average ebitda margin for 2021 was -12.25%, a 31.6% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.