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CVE vs MEG
Revenue, margins, valuation, and 5-year total return — side by side.
Waste Management
CVE vs MEG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Integrated | Waste Management |
| Market Cap | $54.61B | $798M |
| Revenue (TTM) | $51.21B | $821M |
| Net Income (TTM) | $3.93B | $6M |
| Gross Margin | 19.7% | 39.0% |
| Operating Margin | 11.5% | 2.0% |
| Forward P/E | 7.6x | 172.3x |
| Total Debt | $17.00B | $359M |
| Cash & Equiv. | $2.74B | $11M |
CVE vs MEG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 20 | May 26 | Return |
|---|---|---|---|
| Cenovus Energy Inc. (CVE) | 100 | 650.2 | +550.2% |
| Montrose Environmen… (MEG) | 100 | 96.8 | -3.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CVE vs MEG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CVE carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 0.22, yield 2.0%
- 115.0% 10Y total return vs MEG's -1.4%
- Lower volatility, beta 0.22, Low D/E 53.8%, current ratio 1.57x
MEG is the clearest fit if your priority is growth exposure.
- Rev growth 19.3%, EPS growth 93.7%, 3Y rev CAGR 15.1%
- 19.3% revenue growth vs CVE's -14.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 19.3% revenue growth vs CVE's -14.0% | |
| Value | Lower P/E (7.6x vs 172.3x) | |
| Quality / Margins | 7.7% margin vs MEG's 0.7% | |
| Stability / Safety | Beta 0.22 vs MEG's 1.82, lower leverage | |
| Dividends | 2.0% yield, vs MEG's 0.5% | |
| Momentum (1Y) | +149.8% vs MEG's +44.6% | |
| Efficiency (ROA) | 6.9% ROA vs MEG's 0.6%, ROIC 7.9% vs 1.3% |
CVE vs MEG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CVE vs MEG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — CVE and MEG each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CVE is the larger business by revenue, generating $51.2B annually — 62.4x MEG's $821M. CVE is the more profitable business, keeping 7.7% of every revenue dollar as net income compared to MEG's 0.7%. On growth, MEG holds the edge at -5.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $51.2B | $821M |
| EBITDAEarnings before interest/tax | $11.2B | $67M |
| Net IncomeAfter-tax profit | $3.9B | $6M |
| Free Cash FlowCash after capex | $3.4B | $72M |
| Gross MarginGross profit ÷ Revenue | +19.7% | +39.0% |
| Operating MarginEBIT ÷ Revenue | +11.5% | +2.0% |
| Net MarginNet income ÷ Revenue | +7.7% | +0.7% |
| FCF MarginFCF ÷ Revenue | +6.7% | +8.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | -28.4% | -5.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +6.0% | +45.3% |
Valuation Metrics
MEG leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, CVE's 9.0x EV/EBITDA is more attractive than MEG's 18.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $54.6B | $798M |
| Enterprise ValueMkt cap + debt − cash | $65.1B | $1.1B |
| Trailing P/EPrice ÷ TTM EPS | 18.32x | -157.64x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.61x | 172.29x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 9.02x | 18.04x |
| Price / SalesMarket cap ÷ Revenue | 1.49x | 0.96x |
| Price / BookPrice ÷ Book value/share | 2.27x | 1.72x |
| Price / FCFMarket cap ÷ FCF | 21.79x | 8.76x |
Profitability & Efficiency
CVE leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
CVE delivers a 13.2% return on equity — every $100 of shareholder capital generates $13 in annual profit, vs $1 for MEG. CVE carries lower financial leverage with a 0.54x debt-to-equity ratio, signaling a more conservative balance sheet compared to MEG's 0.80x. On the Piotroski fundamental quality scale (0–9), CVE scores 6/9 vs MEG's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +13.2% | +1.3% |
| ROA (TTM)Return on assets | +6.9% | +0.6% |
| ROICReturn on invested capital | +7.9% | +1.3% |
| ROCEReturn on capital employed | +8.2% | +1.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.54x | 0.80x |
| Net DebtTotal debt minus cash | $14.3B | $348M |
| Cash & Equiv.Liquid assets | $2.7B | $11M |
| Total DebtShort + long-term debt | $17.0B | $359M |
| Interest CoverageEBIT ÷ Interest expense | 9.69x | 4.67x |
Total Returns (Dividends Reinvested)
CVE leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CVE five years ago would be worth $39,013 today (with dividends reinvested), compared to $3,948 for MEG. Over the past 12 months, CVE leads with a +149.8% total return vs MEG's +44.6%. The 3-year compound annual growth rate (CAGR) favors CVE at 23.6% vs MEG's -10.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +66.2% | -11.3% |
| 1-Year ReturnPast 12 months | +149.8% | +44.6% |
| 3-Year ReturnCumulative with dividends | +88.6% | -27.2% |
| 5-Year ReturnCumulative with dividends | +290.1% | -60.5% |
| 10-Year ReturnCumulative with dividends | +115.0% | -1.4% |
| CAGR (3Y)Annualised 3-year return | +23.6% | -10.1% |
Risk & Volatility
CVE leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CVE is the less volatile stock with a 0.22 beta — it tends to amplify market swings less than MEG's 1.82 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CVE currently trades 94.0% from its 52-week high vs MEG's 69.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.22x | 1.82x |
| 52-Week HighHighest price in past year | $30.84 | $32.00 |
| 52-Week LowLowest price in past year | $11.60 | $14.87 |
| % of 52W HighCurrent price vs 52-week peak | +94.0% | +69.0% |
| RSI (14)Momentum oscillator 0–100 | 76.5 | 46.8 |
| Avg Volume (50D)Average daily shares traded | 13.2M | 340K |
Analyst Outlook
CVE leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates CVE as "Hold" and MEG as "Buy". Consensus price targets imply 123.5% upside for MEG (target: $49) vs -4.6% for CVE (target: $28). For income investors, CVE offers the higher dividend yield at 1.98% vs MEG's 0.54%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $27.67 | $49.33 |
| # AnalystsCovering analysts | 27 | 12 |
| Dividend YieldAnnual dividend ÷ price | +2.0% | +0.5% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.78 | $0.12 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.4% | +15.3% |
CVE leads in 4 of 6 categories (Profitability & Efficiency, Total Returns). MEG leads in 1 (Valuation Metrics). 1 tied.
CVE vs MEG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CVE or MEG a better buy right now?
For growth investors, Montrose Environmental Group, Inc.
(MEG) is the stronger pick with 19. 3% revenue growth year-over-year, versus -14. 0% for Cenovus Energy Inc. (CVE). Cenovus Energy Inc. (CVE) offers the better valuation at 18. 3x trailing P/E (7. 6x forward), making it the more compelling value choice. Analysts rate Montrose Environmental Group, Inc. (MEG) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CVE or MEG?
On forward P/E, Cenovus Energy Inc.
is actually cheaper at 7. 6x.
03Which is the better long-term investment — CVE or MEG?
Over the past 5 years, Cenovus Energy Inc.
(CVE) delivered a total return of +290. 1%, compared to -60. 5% for Montrose Environmental Group, Inc. (MEG). Over 10 years, the gap is even starker: CVE returned +115. 0% versus MEG's -1. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CVE or MEG?
By beta (market sensitivity over 5 years), Cenovus Energy Inc.
(CVE) is the lower-risk stock at 0. 22β versus Montrose Environmental Group, Inc. 's 1. 82β — meaning MEG is approximately 709% more volatile than CVE relative to the S&P 500. On balance sheet safety, Cenovus Energy Inc. (CVE) carries a lower debt/equity ratio of 54% versus 80% for Montrose Environmental Group, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CVE or MEG?
By revenue growth (latest reported year), Montrose Environmental Group, Inc.
(MEG) is pulling ahead at 19. 3% versus -14. 0% for Cenovus Energy Inc. (CVE). On earnings-per-share growth, the picture is similar: Montrose Environmental Group, Inc. grew EPS 93. 7% year-over-year, compared to 28. 7% for Cenovus Energy Inc.. Over a 3-year CAGR, MEG leads at 15. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CVE or MEG?
Cenovus Energy Inc.
(CVE) is the more profitable company, earning 7. 9% net margin versus -0. 1% for Montrose Environmental Group, Inc. — meaning it keeps 7. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CVE leads at 8. 8% versus 1. 5% for MEG. At the gross margin level — before operating expenses — MEG leads at 34. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CVE or MEG more undervalued right now?
On forward earnings alone, Cenovus Energy Inc.
(CVE) trades at 7. 6x forward P/E versus 172. 3x for Montrose Environmental Group, Inc. — 164. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MEG: 123. 5% to $49. 33.
08Which pays a better dividend — CVE or MEG?
All stocks in this comparison pay dividends.
Cenovus Energy Inc. (CVE) offers the highest yield at 2. 0%, versus 0. 5% for Montrose Environmental Group, Inc. (MEG).
09Is CVE or MEG better for a retirement portfolio?
For long-horizon retirement investors, Cenovus Energy Inc.
(CVE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 22), 2. 0% yield, +115. 0% 10Y return). Montrose Environmental Group, Inc. (MEG) carries a higher beta of 1. 82 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CVE: +115. 0%, MEG: -1. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CVE and MEG?
These companies operate in different sectors (CVE (Energy) and MEG (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: CVE is a mid-cap quality compounder stock; MEG is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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