Cenovus Energy Inc.(CVE)Earnings, Financials & Key Ratios
CVE•NYSE
$29.00
$54.61B mkt cap·18.3× P/E·Price updated May 6, 2026
AboutCenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segments Foster Creek, Christina Lake, Sunrise, and Tucker oil sands projects, as well as Lloydminster thermal and conventional heavy oil assets The Conventional segment holds assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in the exploration and development activities. The Canadian Manufacturing segment includes the owned and operated Lloydminster upgrading and asphalt refining complex, which upgrades heavy oil and bitumen into synthetic crude oil, diesel fuel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants. The U.S. Manufacturing segment comprises the refining of crude oil to produce diesel, gasoline, jet fuel, asphalt, and other products. The Retail segment consists of marketing of its own and third-party refined petroleum products through retail, commercial, and bulk petroleum outlets, as well as wholesale channels. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.Show more
- Revenue$49.66B-14.0%
- EBITDA$9.81B-1.2%
- Net Income$3.93B+25.0%
- EPS (Diluted)2.15+28.7%
- Gross Margin10.46%-52.7%
- EBITDA Margin19.76%+14.8%
- Operating Margin8.82%+0.6%
- Net Margin7.91%+45.3%
- ROE12.79%+19.1%
- ROIC7.9%-23.3%
- Debt/Equity0.54+50.5%
- Interest Coverage10.59+45.6%
CVE Key Insights
Cenovus Energy Inc. (CVE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 91 (top 9%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 29.0%
- ✓Share count reduced 2.3% through buybacks
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CVE Price & Volume
Cenovus Energy Inc. (CVE) stock price & volume — 10-year historical chart
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CVE Growth Metrics
Cenovus Energy Inc. (CVE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years15.69%
5 Years28.97%
3 Years-11.55%
TTM-12.75%
Profit CAGR
10 Years20.31%
5 Years-
3 Years-15.25%
TTM25.06%
EPS CAGR
10 Years11.11%
5 Years-
3 Years-12.42%
TTM30.46%
Return on Capital
10 Years7.82%
5 Years12.29%
3 Years10.15%
Last Year8.25%
CVE Recent Earnings
Cenovus Energy Inc. (CVE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 6, 2026EPS
$0.60
Est $0.56
+6.6%
Revenue
$10.8B
Est $9.5B
+14.0%
Q1 2026
Feb 19, 2026EPS
$0.36
Est $0.28
+28.6%
Revenue
$9.4B
Est $8.6B
+9.0%
Q4 2025
Oct 31, 2025EPS
$0.52
Est $0.40
+30.0%
Revenue
$9.5B
Est $11.0B
-14.3%
Q3 2025
Jul 31, 2025EPS
$0.33
Est $0.14
+135.7%
Revenue
$9.0B
Est $11.4B
-20.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.60vs $0.56+6.6% | $10.8Bvs $9.5B+14.0% |
| Q1 2026 | Feb 19, 2026 | $0.36vs $0.28+28.6% | $9.4Bvs $8.6B+9.0% |
| Q4 2025 | Oct 31, 2025 | $0.52vs $0.40+30.0% | $9.5Bvs $11.0B-14.3% |
| Q3 2025 | Jul 31, 2025 | $0.33vs $0.14+135.7% | $9.0Bvs $11.4B-20.6% |
Based on last 12 quarters of dataView full earnings history →
CVE Peer Comparison
Cenovus Energy Inc. (CVE) competitors in Oil sands and heavy oil integrated producers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SU | 76.59B | 64.32 | 18.02 | -3.51% | 12.1% | 13.18% | 0.41 | |
 CNQ | 95.18B | 45.63 | 12.02 | 8.62% | 26.06% | 25.98% | 0.44 | |
 IMO | 63.57B | 127.84 | 26.81 | -3.65% | 6.94% | 14.73% | 0.19 | |
 MEG | 798.27M | 22.07 | -157.64 | 19.26% | 0.71% | 1.26% | 0.80 | |
 MPC | 72.38B | 245.78 | 18.52 | -4.44% | 3.41% | 19.57% | 1.43 | |
 PSX | 68.85B | 171.72 | 15.91 | -7.64% | 3.04% | 14.14% | 0.76 | |
 VLO | 70.78B | 236.69 | 31.27 | -5.54% | 3.33% | 15.69% | 0.44 | |
 PBF | 4.88B | 41.59 | -29.92 | -11.42% | -0.54% | -2.98% | 0.53 |
Compare CVE vs Peers
Cenovus Energy Inc. (CVE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CVE Income Statement
Cenovus Energy Inc. (CVE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 17.31B | 21.39B | 20.54B | 13.91B | 48.81B | 71.77B | 55.47B | 57.73B | 49.66B |
| Revenue Growth % | 57.19% | 23.54% | -3.96% | -32.27% | 250.8% | 47.03% | -22.7% | 4.06% | -13.98% |
| Cost of Goods Sold | 13.89B | 17.3B | 16.06B | 14.24B | 39.7B | 54.63B | 42.77B | 44.96B | 44.46B |
| COGS % of Revenue | 80.22% | 80.9% | 78.19% | 102.37% | 81.34% | 76.12% | 77.1% | 77.89% | 89.54% |
| Gross Profit | 3.42B▲ 0% | 4.09B▲ 19.3% | 4.48B▲ 9.7% | -330M▼ 107.4% | 9.11B▲ 2859.7% | 17.13B▲ 88.1% | 12.7B▼ 25.9% | 12.77B▲ 0.5% | 5.19B▼ 59.3% |
| Gross Margin % | 19.78% | 19.1% | 21.81% | -2.37% | 18.66% | 23.88% | 22.9% | 22.11% | 10.46% |
| Gross Profit Growth % | 147.76% | 19.33% | 9.67% | -107.36% | 2859.7% | 88.14% | -25.86% | 0.48% | -59.33% |
| Operating Expenses | 3.42B | 4.09B | 331M | -330M | 5.58B | 6.78B | 7.08B | 7.7B | 811.34M |
| OpEx % of Revenue | 19.78% | 19.1% | 1.61% | -2.37% | 11.44% | 9.45% | 12.77% | 13.35% | 1.63% |
| Selling, General & Admin | 300M | 391M | 331M | 292M | 849M | 865M | 688M | 794M | 811.34M |
| SG&A % of Revenue | 1.73% | 1.83% | 1.61% | 2.1% | 1.74% | 1.21% | 1.24% | 1.38% | 1.63% |
| Research & Development | 36M | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 0.21% | 0.12% | - | - | - | - | - | - | - |
| Other Operating Expenses | 3.09B | 3.67B | 0 | -622M | 4.73B | 5.92B | 6.39B | 6.91B | 0 |
| Operating Income | 242M▲ 0% | -1.24B▼ 612.8% | 4.15B▲ 434.4% | 0▼ 100.0% | 3.52B▲ 0% | 10.35B▲ 193.8% | 5.62B▼ 45.7% | 5.06B▼ 10.0% | 4.38B▼ 13.4% |
| Operating Margin % | 1.4% | -5.8% | 20.2% | - | 7.22% | 14.42% | 10.13% | 8.77% | 8.82% |
| Operating Income Growth % | 209.5% | -612.81% | 434.41% | -100% | - | 193.76% | -45.69% | -9.98% | -13.45% |
| EBITDA | 2.27B | 890M | 6.54B | 770M | 7.85B | 15.03B | 10.27B | 9.93B | 9.81B |
| EBITDA Margin % | 13.12% | 4.16% | 31.83% | 5.53% | 16.07% | 20.94% | 18.51% | 17.21% | 19.76% |
| EBITDA Growth % | 77.92% | -60.83% | 634.72% | -88.22% | 918.96% | 91.58% | -31.7% | -3.25% | -1.22% |
| D&A (Non-Cash Add-back) | 2.03B | 2.13B | 2.39B | 3.46B | 4.32B | 4.68B | 4.64B | 4.87B | 5.43B |
| EBIT | 2.83B | -3.33B | 1.6B | -2.69B | 2.36B | 9.54B | 5.76B | 4.72B | 4.94B |
| Net Interest Income | -583M | -608M | -340.08M | -368.92M | -1.02B | -702M | -506M | -479M | -325.73M |
| Interest Income | 62M | 19M | 9.25M | 7.06M | 23M | 110M | 217M | 170M | 140.89M |
| Interest Expense | 619M | 595M | 349.33M | 375.98M | 1.05B | 812M | 723M | 649M | 466.62M |
| Other Income/Expense | 1.97B | -2.69B | -2.75B | -3.23B | -2.21B | -1.62B | -582M | -990M | 92.92M |
| Pretax Income | 2.22B▲ 0% | -3.93B▼ 277.2% | 1.4B▲ 135.6% | -3.23B▼ 331.2% | 1.31B▲ 140.7% | 8.73B▲ 564.0% | 5.04B▼ 42.3% | 4.07B▼ 19.2% | 4.47B▲ 9.9% |
| Pretax Margin % | 12.8% | -18.36% | 6.8% | -23.21% | 2.69% | 12.17% | 9.09% | 7.05% | 9.01% |
| Income Tax | -52M | -1.01B | -797M | -851M | 728M | 2.28B | 931M | 929M | 546.55M |
| Effective Tax Rate % | -2.35% | 25.73% | -57.05% | 26.35% | 55.36% | 26.13% | 18.47% | 22.82% | 12.22% |
| Net Income | 3.37B▲ 0% | -2.67B▼ 179.3% | 2.19B▲ 182.2% | -2.38B▼ 208.4% | 587M▲ 124.7% | 6.45B▲ 998.8% | 4.11B▼ 36.3% | 3.14B▼ 23.5% | 3.93B▲ 25.0% |
| Net Margin % | 19.44% | -12.48% | 10.68% | -17.1% | 1.2% | 8.99% | 7.41% | 5.44% | 7.91% |
| Net Income Growth % | 717.61% | -179.29% | 182.2% | -208.43% | 124.67% | 998.81% | -36.29% | -23.53% | 24.98% |
| Net Income (Continuing) | 2.27B | -2.92B | 2.19B | -2.38B | 587M | 6.45B | 4.11B | 3.14B | 3.93B |
| Discontinued Operations | 1.1B | 247M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 12M | 13M | 14M | 15M | 15.99M |
| EPS (Diluted) | 3.05▲ 0% | -2.17▼ 171.1% | 1.78▲ 182.0% | -1.94▼ 209.0% | 0.29▲ 114.9% | 3.20▲ 1003.4% | 2.12▼ 33.8% | 1.67▼ 21.2% | 2.15▲ 28.7% |
| EPS Growth % | 569.23% | -171.15% | 182.03% | -208.99% | 114.95% | 1003.45% | -33.75% | -21.23% | 28.74% |
| EPS (Basic) | 3.05 | -2.17 | 1.79 | -1.94 | 0.29 | 3.29 | 2.12 | 1.68 | 2.17 |
| Diluted Shares Outstanding | 1.1B | 1.23B | 1.23B | 1.23B | 2.05B | 2.01B | 1.93B | 1.86B | 1.82B |
| Basic Shares Outstanding | 1.1B | 1.23B | 1.23B | 1.23B | 2.02B | 1.95B | 1.9B | 1.85B | 1.81B |
| Dividend Payout Ratio | 6.68% | - | 11.85% | - | 29.98% | 13.97% | 24.09% | 47.93% | 36.21% |
CVE Balance Sheet
Cenovus Energy Inc. (CVE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 5.01B | 3.19B | 3.28B | 2.98B | 11.99B | 12.43B | 9.71B | 10.43B | 9.88B |
| Cash & Short-Term Investments | 610M | 781M | 186M | 378M | 2.87B | 4.52B | 2.23B | 3.09B | 2.74B |
| Cash Only | 610M | 781M | 186M | 378M | 2.87B | 4.52B | 2.23B | 3.09B | 2.74B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.62B | 1.19B | 1.45B | 1.16B | 3.41B | 3.02B | 3.21B | 2.66B | 3.45B |
| Days Sales Outstanding | 34.17 | 20.36 | 25.76 | 30.35 | 25.47 | 15.36 | 21.11 | 16.81 | 25.32 |
| Inventory | 1.39B | 1.01B | 1.53B | 1.09B | 3.92B | 4.31B | 4.03B | 4.5B | 3.35B |
| Days Inventory Outstanding | 36.5 | 21.37 | 34.82 | 27.91 | 36.03 | 28.81 | 34.39 | 36.5 | 27.47 |
| Other Current Assets | 1.11B | 163M | 62M | 231M | 1.3B | 172M | 0 | 0 | 352.71M |
| Total Non-Current Assets | 35.92B | 31.98B | 32.43B | 29.79B | 42.12B | 43.44B | 44.21B | 46.1B | 53.49B |
| Property, Plant & Equipment | 33.27B | 29.48B | 29.95B | 27.17B | 36.95B | 39.03B | 39.67B | 41B | 47.37B |
| Fixed Asset Turnover | 0.52x | 0.73x | 0.69x | 0.51x | 1.32x | 1.84x | 1.40x | 1.41x | 1.05x |
| Goodwill | 2.27B | 2.27B | 2.27B | 2.27B | 3.47B | 2.92B | 2.92B | 2.92B | 2.91B |
| Intangible Assets | 0 | 0 | 101M | 89M | 78M | 19M | 0 | 11M | 22.98M |
| Long-Term Investments | 37M | 38M | 52M | 161M | 501M | 420M | 558M | 679M | 873.29M |
| Other Non-Current Assets | 347M | 186M | 58M | 99M | 415M | 502M | 362M | 426M | 717.41M |
| Total Assets | 40.93B▲ 0% | 35.17B▼ 14.1% | 35.71B▲ 1.5% | 32.77B▼ 8.2% | 54.1B▲ 65.1% | 55.87B▲ 3.3% | 53.91B▼ 3.5% | 56.54B▲ 4.9% | 63.37B▲ 12.1% |
| Asset Turnover | 0.42x | 0.61x | 0.58x | 0.42x | 0.90x | 1.28x | 1.03x | 1.02x | 0.78x |
| Asset Growth % | 62.06% | -14.07% | 1.53% | -8.24% | 65.1% | 3.26% | -3.5% | 4.87% | 12.09% |
| Total Current Liabilities | 4.44B | 2.6B | 2.52B | 2.36B | 7.3B | 8.02B | 6.21B | 7.36B | 6.31B |
| Accounts Payable | 337M | 767M | 954M | 608M | 2.55B | 2.33B | 1.07B | 1B | 5.5B |
| Days Payables Outstanding | 8.86 | 16.18 | 21.68 | 15.58 | 23.48 | 15.57 | 9.17 | 8.16 | 45.13 |
| Short-Term Debt | 0 | 682M | 0 | 121M | 79M | 115M | 179M | 365M | 368.7M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.73B | 104M | 177M | 327M | 886M | 489M | 466M | 143M | 181.85M |
| Current Ratio | 1.13x | 1.23x | 1.30x | 1.26x | 1.64x | 1.55x | 1.56x | 1.42x | 1.57x |
| Quick Ratio | 0.82x | 0.84x | 0.69x | 0.80x | 1.10x | 1.01x | 0.91x | 0.81x | 1.04x |
| Cash Conversion Cycle | 61.82 | 25.55 | 38.9 | 42.68 | 38.02 | 28.6 | 46.33 | 45.15 | 7.66 |
| Total Non-Current Liabilities | 16.52B | 15.11B | 13.99B | 13.7B | 23.19B | 20.26B | 18.99B | 19.41B | 25.45B |
| Long-Term Debt | 9.51B | 8.48B | 6.7B | 7.44B | 12.38B | 8.69B | 7.11B | 7.34B | 13.83B |
| Capital Lease Obligations | 0 | 0 | 1.72B | 1.57B | 2.69B | 2.53B | 2.36B | 2.57B | 2.8B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 3.29B | 4.28B | 4.19B | 4.04B | 5.87B |
| Other Non-Current Liabilities | 7B | 6.62B | 5.57B | 4.69B | 4.79B | 4.71B | 5.34B | 5.45B | 2.95B |
| Total Liabilities | 20.95B | 17.71B | 16.51B | 16.06B | 30.5B | 28.28B | 25.2B | 26.77B | 31.76B |
| Total Debt | 9.51B | 9.16B | 8.62B | 9.32B | 15.42B | 11.64B | 9.95B | 10.63B | 17B |
| Net Debt | 8.9B | 8.38B | 8.43B | 8.94B | 12.55B | 7.12B | 7.72B | 7.54B | 14.26B |
| Debt / Equity | 0.48x | 0.52x | 0.45x | 0.56x | 0.65x | 0.42x | 0.35x | 0.36x | 0.54x |
| Debt / EBITDA | 4.19x | 10.30x | 1.32x | 12.10x | 1.97x | 0.77x | 0.97x | 1.07x | 1.73x |
| Net Debt / EBITDA | 3.92x | 9.42x | 1.29x | 11.61x | 1.60x | 0.47x | 0.75x | 0.76x | 1.45x |
| Interest Coverage | 4.58x | -5.60x | 4.59x | -7.17x | 2.25x | 11.75x | 7.97x | 7.27x | 10.59x |
| Total Equity | 19.98B▲ 0% | 17.47B▼ 12.6% | 19.2B▲ 9.9% | 16.71B▼ 13.0% | 23.61B▲ 41.3% | 27.59B▲ 16.9% | 28.71B▲ 4.1% | 29.77B▲ 3.7% | 31.61B▲ 6.2% |
| Equity Growth % | 72.4% | -12.58% | 9.92% | -12.99% | 41.31% | 16.86% | 4.07% | 3.68% | 6.19% |
| Book Value per Share | 18.12 | 14.21 | 15.62 | 13.60 | 11.54 | 13.75 | 14.91 | 15.98 | 17.37 |
| Total Shareholders' Equity | 19.98B | 17.47B | 19.2B | 16.71B | 23.6B | 27.58B | 28.7B | 29.75B | 31.6B |
| Common Stock | 11.04B | 11.04B | 11.04B | 11.04B | 17.02B | 16.32B | 16.03B | 15.66B | 18.58B |
| Retained Earnings | 3.94B | 1.02B | 2.96B | 501M | 878M | 6.39B | 8.91B | 10.51B | 12.31B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43M | -115.91M |
| Accumulated OCI | 643M | 1.04B | 827M | 775M | 684M | 1.47B | 1.21B | 2.31B | 404.67M |
| Minority Interest | 0 | 0 | 0 | 0 | 12M | 13M | 14M | 15M | 15.99M |
CVE Cash Flow Statement
Cenovus Energy Inc. (CVE) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.06B | 2.15B | 3.29B | 273M | 5.92B | 11.4B | 7.39B | 9.23B | 8.22B |
| Operating CF Margin % | 17.67% | 10.07% | 15.99% | 1.96% | 12.13% | 15.89% | 13.32% | 16% | 16.56% |
| Operating CF Growth % | 255.28% | -29.58% | 52.51% | -91.69% | 2068.13% | 92.65% | -35.21% | 25% | -10.98% |
| Net Income | 3.37B | -2.67B | 2.19B | -2.38B | 587M | 6.45B | 4.11B | 3.14B | 3.93B |
| Depreciation & Amortization | 0 | 0 | 2.22B | 2.33B | 4.32B | 4.36B | 4.62B | 4.87B | 5.43B |
| Stock-Based Compensation | -6M | 0 | 0 | 49M | 0 | 373M | -12M | -145M | 0 |
| Deferred Taxes | 583M | -794M | -814M | -838M | 452M | 642M | -250M | -474M | -230.81M |
| Other Non-Cash Items | -1.03B | 5.18B | 128M | 909M | 1.78B | -1B | 110M | 536M | -542.56M |
| Working Capital Changes | 145M | 433M | -439M | 198M | -1.23B | 575M | -1.19B | 1.3B | -362.7M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -12.87B | -613M | -1.43B | -863M | -942M | -2.31B | -5.29B | -5.13B | -7.67B |
| Capital Expenditures | -1.67B | -1.38B | -1.18B | -859M | -2.56B | -3.71B | -4.3B | -5.01B | -4.9B |
| CapEx % of Revenue | 9.65% | 6.44% | 5.76% | 6.17% | 5.25% | 5.17% | 7.75% | 8.69% | 9.87% |
| Acquisitions | -14.56B | 0 | 1M | 38M | 1.17B | 1.12B | -503M | 24M | -2.52B |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 3.37B | 755M | -117M | -38M | 451M | 277M | -494M | -135M | -242.8M |
| Cash from Financing | 6.51B | -1.41B | -2.41B | 837M | -2.51B | -7.68B | -4.31B | -3.5B | -748.39M |
| Debt Issued (Net) | 3.84B | -1.16B | -2.15B | 914M | -2.04B | -4.42B | -1.58B | -294M | 3.09B |
| Equity Issued (Net) | 2.9B | 0 | 0 | 0 | -265M | -2.53B | -1.06B | -1.7B | -2.47B |
| Dividends Paid | -225M | -245M | -260M | -77M | -210M | -927M | -1.03B | -1.55B | -1.44B |
| Share Repurchases | 0 | 0 | 0 | 0 | -265M | -2.53B | -1.06B | -1.45B | -2.5B |
| Other Financing | -2M | -1M | 0 | 0 | 8M | 198M | -650M | 35M | 62.95M |
| Net Change in Cash | -3.11B▲ 0% | 171M▲ 105.5% | -595M▼ 448.0% | 192M▲ 132.3% | 2.5B▲ 1199.5% | 1.65B▼ 33.8% | -2.3B▼ 239.1% | 866M▲ 137.7% | -211.39M▼ 124.4% |
| Free Cash Flow | 1.39B▲ 0% | 777M▼ 44.1% | 2.1B▲ 170.5% | -586M▼ 127.9% | 3.36B▲ 672.7% | 7.64B▲ 127.8% | 3.09B▼ 59.6% | 4.22B▲ 36.6% | 3.41B▼ 19.3% |
| FCF Margin % | 8.02% | 3.63% | 10.23% | -4.21% | 6.88% | 10.65% | 5.57% | 7.31% | 6.86% |
| FCF Growth % | 902.89% | -44.06% | 170.53% | -127.88% | 672.7% | 127.8% | -59.58% | 36.57% | -19.31% |
| FCF per Share | 1.26 | 0.63 | 1.71 | -0.48 | 1.64 | 3.81 | 1.60 | 2.26 | 1.87 |
| FCF Conversion (FCF/Net Income) | 0.91x | -0.81x | 1.50x | -0.11x | 10.08x | 1.77x | 1.80x | 2.94x | 2.09x |
| Interest Paid | 538M | 564M | 457M | 381M | 811M | 647M | 402M | 356M | 0 |
| Taxes Paid | 12M | 116M | 17M | 18M | 209M | 723M | 2.6B | 868M | 0 |
CVE Key Ratios
Cenovus Energy Inc. (CVE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -4.55% | 21.32% | -14.25% | 11.97% | -13.25% | 2.91% | 25.2% | 14.6% | 10.75% | 12.79% |
| Return on Invested Capital (ROIC) | -1.14% | 0.84% | -3.4% | 11.64% | - | 8.55% | 21.91% | 11.85% | 10.29% | 7.9% |
| Gross Margin | 12.55% | 19.78% | 19.1% | 21.81% | -2.37% | 18.66% | 23.88% | 22.9% | 22.11% | 10.46% |
| Net Margin | -4.95% | 19.44% | -12.48% | 10.68% | -17.1% | 1.2% | 8.99% | 7.41% | 5.44% | 7.91% |
| Debt / Equity | 0.55x | 0.48x | 0.52x | 0.45x | 0.56x | 0.65x | 0.42x | 0.35x | 0.36x | 0.54x |
| Interest Coverage | -1.17x | 4.58x | -5.60x | 4.59x | -7.17x | 2.25x | 11.75x | 7.97x | 7.27x | 10.59x |
| FCF Conversion | -1.58x | 0.91x | -0.81x | 1.50x | -0.11x | 10.08x | 1.77x | 1.80x | 2.94x | 2.09x |
| Revenue Growth | -4.71% | 57.19% | 23.54% | -3.96% | -32.27% | 250.8% | 47.03% | -22.7% | 4.06% | -13.98% |
CVE Frequently Asked Questions
Cenovus Energy Inc. (CVE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Cenovus Energy Inc. (CVE) reported $51.21B in revenue for fiscal year 2025. This represents a 154% increase from $20.15B in 2008.
Cenovus Energy Inc. (CVE) saw revenue decline by 14.0% over the past year.
Yes, Cenovus Energy Inc. (CVE) is profitable, generating $3.93B in net income for fiscal year 2025 (7.9% net margin).
Dividend & Returns
Yes, Cenovus Energy Inc. (CVE) pays a dividend with a yield of 1.98%. This makes it attractive for income-focused investors.
Cenovus Energy Inc. (CVE) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.
Cenovus Energy Inc. (CVE) generated $3.41B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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Cenovus Energy Inc. (CVE) financial analysis — history, returns, DCA and operating performance tools
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