GFR
Greenfire Resources Ltd.
Oil & Gas Exploration & Production
Market Cap$423M
5Y Perf.+18.2%
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Stock Comparison
GFR vs CVE
Revenue, margins, valuation, and 5-year total return — side by side.
CVE
Cenovus Energy Inc.
Oil & Gas Integrated
Market Cap$54.61B
5Y Perf.+39.3%
GFR vs CVE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | GFR | CVE |
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Integrated |
| Market Cap | $423M | $54.61B |
| Revenue (TTM) | $562M | $51.21B |
| Net Income (TTM) | $22M | $3.93B |
| Gross Margin | 31.9% | 19.7% |
| Operating Margin | 11.9% | 11.5% |
| Forward P/E | 17.2x | 7.6x |
| Total Debt | $6M | $17.00B |
| Cash & Equiv. | $42M | $2.74B |
GFR vs CVE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
GFR
CVE
| Stock | Sep 23 | May 26 | Return |
|---|---|---|---|
| Greenfire Resources… (GFR) | 100 | 118.2 | +18.2% |
| Cenovus Energy Inc. (CVE) | 100 | 139.3 | +39.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: GFR vs CVE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CVE leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Greenfire Resources Ltd. is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
GFR
Greenfire Resources Ltd.
The Income Pick
GFR is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 1 yrs, beta 0.05
- Lower volatility, beta 0.05, Low D/E 0.5%, current ratio 1.56x
- Beta 0.05, current ratio 1.56x
Best for: income & stability and sleep-well-at-night
CVE
Cenovus Energy Inc.
The Growth Play
CVE carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth -14.0%, EPS growth 28.7%, 3Y rev CAGR -11.6%
- 115.0% 10Y total return vs GFR's -45.8%
- -14.0% revenue growth vs GFR's -27.4%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CVE | -14.0% revenue growth vs GFR's -27.4% |
| Value | CVE | Lower P/E (7.6x vs 17.2x) |
| Quality / Margins | CVE | 7.7% margin vs GFR's 4.0% |
| Stability / Safety | GFR | Beta 0.05 vs CVE's 0.22, lower leverage |
| Dividends | CVE | 2.0% yield; the other pay no meaningful dividend |
| Momentum (1Y) | CVE | +149.8% vs GFR's +29.4% |
| Efficiency (ROA) | CVE | 6.9% ROA vs GFR's 1.7%, ROIC 7.9% vs 3.9% |
GFR vs CVE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2020
GFR vs CVE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCVELAGGINGGFR
GFRGreenfire Resources L…
1leads
CVECenovus Energy Inc.
3leads
6 Total Categories
CATEGORYLEADERvs GFRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
CVE4/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CVE6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CVE6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
GFR1/1
Income & Cash Flow (Last 12 Months)
CVE leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CVE is the larger business by revenue, generating $51.2B annually — 91.1x GFR's $562M. Profitability is closely matched — net margins range from 7.7% (CVE) to 4.0% (GFR). On growth, CVE holds the edge at -28.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | GFRGreenfire Resourc… | CVECenovus Energy In… |
|---|---|---|
| RevenueTrailing 12 months | $562M | $51.2B |
| EBITDAEarnings before interest/tax | $149M | $11.2B |
| Net IncomeAfter-tax profit | $22M | $3.9B |
| Free Cash FlowCash after capex | $30M | $3.4B |
| Gross MarginGross profit ÷ Revenue | +31.9% | +19.7% |
| Operating MarginEBIT ÷ Revenue | +11.9% | +11.5% |
| Net MarginNet income ÷ Revenue | +4.0% | +7.7% |
| FCF MarginFCF ÷ Revenue | +5.4% | +6.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | -33.8% | -28.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -111.9% | +6.0% |
CVE leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
Evenly matched — GFR and CVE each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 12.4x trailing earnings, GFR trades at a 32% valuation discount to CVE's 18.3x P/E. On an enterprise value basis, CVE's 9.0x EV/EBITDA is more attractive than GFR's 9.3x.
| Metric | GFRGreenfire Resourc… | CVECenovus Energy In… |
|---|---|---|
| Market CapShares × price | $423M | $54.6B |
| Enterprise ValueMkt cap + debt − cash | $397M | $65.1B |
| Trailing P/EPrice ÷ TTM EPS | 12.42x | 18.32x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.21x | 7.61x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 9.27x | 9.02x |
| Price / SalesMarket cap ÷ Revenue | 1.00x | 1.49x |
| Price / BookPrice ÷ Book value/share | 0.49x | 2.27x |
| Price / FCFMarket cap ÷ FCF | 23.73x | 21.79x |
Evenly matched — GFR and CVE each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
CVE leads this category, winning 6 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 $2 for GFR. GFR carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to CVE's 0.54x. On the Piotroski fundamental quality scale (0–9), CVE scores 6/9 vs GFR's 5/9, reflecting solid financial health.
| Metric | GFRGreenfire Resourc… | CVECenovus Energy In… |
|---|---|---|
| ROE (TTM)Return on equity | +2.3% | +13.2% |
| ROA (TTM)Return on assets | +1.7% | +6.9% |
| ROICReturn on invested capital | +3.9% | +7.9% |
| ROCEReturn on capital employed | +5.5% | +8.2% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.01x | 0.54x |
| Net DebtTotal debt minus cash | -$36M | $14.3B |
| Cash & Equiv.Liquid assets | $42M | $2.7B |
| Total DebtShort + long-term debt | $6M | $17.0B |
| Interest CoverageEBIT ÷ Interest expense | 1.63x | 9.69x |
CVE leads this category, winning 6 of 9 comparable metrics.
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 $5,422 for GFR. Over the past 12 months, CVE leads with a +149.8% total return vs GFR's +29.4%. The 3-year compound annual growth rate (CAGR) favors CVE at 23.6% vs GFR's -18.5% — a key indicator of consistent wealth creation.
| Metric | GFRGreenfire Resourc… | CVECenovus Energy In… |
|---|---|---|
| YTD ReturnYear-to-date | +21.6% | +66.2% |
| 1-Year ReturnPast 12 months | +29.4% | +149.8% |
| 3-Year ReturnCumulative with dividends | -45.8% | +88.6% |
| 5-Year ReturnCumulative with dividends | -45.8% | +290.1% |
| 10-Year ReturnCumulative with dividends | -45.8% | +115.0% |
| CAGR (3Y)Annualised 3-year return | -18.5% | +23.6% |
CVE leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — GFR and CVE each lead in 1 of 2 comparable metrics.
Risk & Volatility
GFR is the less volatile stock with a 0.05 beta — it tends to amplify market swings less than CVE's 0.22 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 GFR's 82.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | GFRGreenfire Resourc… | CVECenovus Energy In… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.05x | 0.22x |
| 52-Week HighHighest price in past year | $7.06 | $30.84 |
| 52-Week LowLowest price in past year | $3.81 | $11.60 |
| % of 52W HighCurrent price vs 52-week peak | +82.9% | +94.0% |
| RSI (14)Momentum oscillator 0–100 | 60.2 | 76.5 |
| Avg Volume (50D)Average daily shares traded | 237K | 13.2M |
Evenly matched — GFR and CVE each lead in 1 of 2 comparable metrics.
Analyst Outlook
GFR leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates GFR as "Buy" and CVE as "Hold". CVE is the only dividend payer here at 1.98% yield — a key consideration for income-focused portfolios.
| Metric | GFRGreenfire Resourc… | CVECenovus Energy In… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $27.67 |
| # AnalystsCovering analysts | 1 | 27 |
| Dividend YieldAnnual dividend ÷ price | — | +2.0% |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | — | $0.78 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +3.4% |
GFR leads this category, winning 1 of 1 comparable metric.
Key Takeaway
CVE leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). GFR leads in 1 (Analyst Outlook). 2 tied.
Best OverallCenovus Energy Inc. (CVE)Leads 3 of 6 categories
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GFR vs CVE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is GFR or CVE a better buy right now?
For growth investors, Cenovus Energy Inc.
(CVE) is the stronger pick with -14. 0% revenue growth year-over-year, versus -27. 4% for Greenfire Resources Ltd. (GFR). Greenfire Resources Ltd. (GFR) offers the better valuation at 12. 4x trailing P/E (17. 2x forward), making it the more compelling value choice. Analysts rate Greenfire Resources Ltd. (GFR) a "Buy" — based on 1 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 — GFR or CVE?
On trailing P/E, Greenfire Resources Ltd.
(GFR) is the cheapest at 12. 4x versus Cenovus Energy Inc. at 18. 3x. On forward P/E, Cenovus Energy Inc. is actually cheaper at 7. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — GFR or CVE?
Over the past 5 years, Cenovus Energy Inc.
(CVE) delivered a total return of +290. 1%, compared to -45. 8% for Greenfire Resources Ltd. (GFR). Over 10 years, the gap is even starker: CVE returned +115. 0% versus GFR's -45. 8%. 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 — GFR or CVE?
By beta (market sensitivity over 5 years), Greenfire Resources Ltd.
(GFR) is the lower-risk stock at 0. 05β versus Cenovus Energy Inc. 's 0. 22β — meaning CVE is approximately 335% more volatile than GFR relative to the S&P 500. On balance sheet safety, Greenfire Resources Ltd. (GFR) carries a lower debt/equity ratio of 1% versus 54% for Cenovus Energy Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — GFR or CVE?
By revenue growth (latest reported year), Cenovus Energy Inc.
(CVE) is pulling ahead at -14. 0% versus -27. 4% for Greenfire Resources Ltd. (GFR). On earnings-per-share growth, the picture is similar: Cenovus Energy Inc. grew EPS 28. 7% year-over-year, compared to -62. 4% for Greenfire Resources Ltd.. Over a 3-year CAGR, CVE leads at -11. 6% 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 — GFR or CVE?
Greenfire Resources Ltd.
(GFR) is the more profitable company, earning 8. 1% net margin versus 7. 9% for Cenovus Energy Inc. — meaning it keeps 8. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GFR leads at 10. 1% versus 8. 8% for CVE. At the gross margin level — before operating expenses — GFR leads at 14. 6%, 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 GFR or CVE more undervalued right now?
On forward earnings alone, Cenovus Energy Inc.
(CVE) trades at 7. 6x forward P/E versus 17. 2x for Greenfire Resources Ltd. — 9. 6x cheaper on a one-year earnings basis.
08Which pays a better dividend — GFR or CVE?
In this comparison, CVE (2.
0% yield) pays a dividend. GFR does not pay a meaningful dividend and should not be held primarily for income.
09Is GFR or CVE 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). Both have compounded well over 10 years (CVE: +115. 0%, GFR: -45. 8%), 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 GFR and CVE?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: GFR is a small-cap deep-value stock; CVE is a mid-cap quality compounder stock. CVE pays a dividend while GFR does not, making them suitable for different income and tax situations. 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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Revenue Growth>
%
(GFR: -33.8% · CVE: -28.4%)Net Margin>
%
(GFR: 4.0% · CVE: 7.7%)P/E Ratio<
x
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