Last 47 quarters of trend data · Energy · Oil & Gas Integrated
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Cenovus Energy Inc.'s quarterly P/E stands at 5.9x, down 40.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 45.8% YoY to 2.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 14.20 | 5.90 | 7.39 | 7.40 | 53.88 | 9.96 | 9.27 | 8.06 | 10.67 | 5.37 | 9.65 | 13.64 | 12.77 |
| — | -40.8% | -20.3% | -8.2% | +404.8% | +85.6% | -3.9% | -40.9% | -16.4% | +10.3% | +143.6% | +161.7% | — | |
| P/S Ratio | 1.16 | 0.58 | 0.48 | 0.45 | 0.46 | 0.55 | 0.60 | 0.68 | 0.56 | 0.68 | 0.90 | 0.94 | 0.95 |
| — | +5.5% | -19.2% | -34.0% | -16.8% | -19.6% | -33.8% | -27.8% | -41.1% | +10.3% | +39.1% | +44.3% | +107.7% | |
| P/B Ratio | 1.76 | 1.07 | 0.85 | 0.85 | 0.95 | 1.05 | 1.22 | 1.26 | 1.09 | 1.38 | 1.22 | 1.22 | 1.43 |
| — | +1.9% | -30.9% | -32.8% | -13.1% | -23.5% | +0.6% | +3.4% | -23.4% | +22.7% | -16.9% | -11.0% | +32.3% | |
| P/FCF | 16.91 | 7.79 | 5.15 | 74.05 | 12.81 | 6.91 | 5.56 | 10.56 | 4.41 | 5.79 | 8.40 | — | 5.80 |
| — | +12.8% | -7.5% | +601.3% | +190.4% | +19.4% | -33.8% | — | -23.9% | +139.7% | +88.2% | — | +55.6% | |
| EV / EBITDA | 7.32 | 2.29 | 4.38 | 3.22 | 4.33 | 4.22 | 3.99 | 3.90 | 4.38 | 3.18 | 6.47 | 7.75 | 5.95 |
| — | -45.8% | +9.7% | -17.5% | -1.2% | +32.8% | -38.3% | -49.6% | -26.3% | -26.7% | +105.9% | +132.7% | +56.7% | |
| EV / EBIT | 16.40 | 7.07 | 7.01 | 6.47 | 25.85 | 8.03 | 7.41 | 6.54 | 8.58 | 4.63 | 11.89 | 20.30 | 13.36 |
| — | -11.9% | -5.3% | -1.1% | +201.2% | +73.2% | -37.7% | -67.8% | -35.8% | -17.9% | +158.7% | +238.0% | -96.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Cenovus Energy Inc.'s operating margin was 21.5% in Q3 2025, up 16.2 pp QoQ and up 14.2 pp YoY. The trailing four-quarter average of 10.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 12.2% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.5% | 23.2% | 20.0% | 21.9% | 18.0% | 20.6% | 23.3% | 25.2% | 18.8% | 31.5% | 9.9% | 7.3% | 12.6% |
| — | +12.2% | -14.1% | -13.3% | -4.3% | -34.5% | +136.1% | +243.6% | +49.8% | +153.4% | -53.3% | -64.6% | +2.1% | |
| Operating Margin | 8.8% | 21.5% | 5.3% | 9.0% | 5.5% | 7.3% | 9.7% | 12.2% | 7.0% | — | 8.5% | 6.1% | 10.3% |
| — | +196.1% | -45.1% | -26.0% | -20.6% | — | +14.0% | +101.5% | -32.3% | — | -57.4% | -69.0% | +5.7% | |
| Net Margin | 7.9% | 9.7% | 6.6% | 6.0% | 1.0% | 5.8% | 6.5% | 8.5% | 5.3% | 12.8% | 7.1% | 5.2% | 5.6% |
| — | +69.4% | +1.5% | -29.0% | -81.8% | -55.0% | -8.5% | +64.2% | -5.0% | +38.8% | -44.2% | -48.3% | +290.4% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.8% | 4.4% | 2.9% | 2.9% | 0.5% | 2.8% | 3.3% | 4.0% | 2.6% | 6.6% | 2.4% | 1.7% | 2.1% |
| — | +61.8% | -14.5% | -28.6% | -81.0% | -58.6% | +41.5% | +137.7% | +23.6% | +54.4% | -68.1% | -71.8% | +222.7% | |
| ROA | 6.5% | 2.4% | 1.5% | 1.5% | 0.3% | 1.5% | 1.8% | 2.2% | 1.4% | 3.4% | 1.2% | 0.9% | 1.0% |
| — | +58.7% | -15.8% | -29.6% | -80.9% | -57.0% | +48.6% | +152.3% | +31.6% | +64.5% | -64.2% | -67.4% | +239.2% | |
| ROIC | 7.9% | 5.8% | 1.4% | 2.6% | 1.7% | 2.1% | 3.0% | 3.4% | 2.0% | — | 1.6% | 1.1% | 2.3% |
| — | +172.2% | -54.8% | -25.6% | -13.8% | — | +90.3% | +200.7% | -12.6% | — | -74.0% | -80.6% | -16.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Cenovus Energy Inc.'s Debt/EBITDA ratio is 2.4x, down from 5.6x last quarter — at a moderate level that warrants monitoring. The current ratio has improved 8.4% YoY to 1.73x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.35 | 0.36 | 0.36 | 0.36 | 0.34 | 0.33 | 0.33 | 0.35 | 0.35 | 0.41 | 0.41 | 0.42 |
| — | +5.2% | +6.9% | +8.5% | +3.1% | -2.9% | -19.5% | -19.6% | -17.9% | -17.5% | -22.7% | -31.2% | -35.4% | |
| Debt / EBITDA | 1.73 | 2.38 | 5.60 | 4.15 | 5.15 | 4.41 | 3.66 | 3.41 | 4.46 | 2.62 | 6.91 | 8.17 | 5.97 |
| — | -46.2% | +52.7% | +21.6% | +15.3% | +68.5% | -47.0% | -58.3% | -25.2% | -49.0% | +90.8% | +88.1% | -3.2% | |
| Current Ratio | 1.57 | 1.73 | 1.32 | 1.46 | 1.42 | 1.59 | 1.66 | 1.70 | 1.56 | 1.49 | 1.50 | 1.63 | 1.55 |
| — | +8.4% | -20.1% | -14.1% | -9.3% | +6.9% | +10.3% | +4.2% | +0.9% | -3.5% | -13.1% | +2.4% | -5.6% | |
| Quick Ratio | 1.04 | 1.18 | 0.78 | 0.84 | 0.81 | 0.95 | 1.00 | 1.01 | 0.91 | 0.82 | 0.86 | 0.94 | 1.01 |
| — | +23.4% | -22.6% | -16.7% | -11.8% | +15.8% | +16.5% | +7.3% | -9.7% | -17.4% | -24.2% | -13.6% | -8.4% | |
| Interest Coverage | 9.39 | 42.31 | 4.48 | 7.88 | 5.19 | 6.46 | 9.20 | 20.21 | 10.54 | — | 7.55 | 5.35 | 9.99 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Start ComparisonCenovus Energy Inc.'s current P/E is 14.2x. The average P/E over the last 4 quarters is 18.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Cenovus Energy Inc.'s current operating margin is 8.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Cenovus Energy Inc.'s business trajectory between earnings reports.