Cenovus Energy (CVE) Asset Utilization Ratio (2010 - 2025)
Cenovus Energy's (CVE) quarterly Asset Utilization Ratio came in at 1.46 in Q4 2025, down 12.5% year-over-year from 1.67 in Q4 2024, and up 9.81% quarter-over-quarter from 1.33 in Q3 2025.
Analysis
Cenovus Energy (CVE) Asset Utilization Ratio (2010 - 2025) Analysis & Trends
Cenovus Energy has disclosed Asset Utilization Ratio across 16 years of filings, most recently posting 1.46 for Q4 2025.
- In Q4 2025, Asset Utilization Ratio fell 12.5% year-over-year to 1.46; the TTM figure through Dec 2025 stood at 1.46 (down 12.5% YoY), while the FY2025 annual figure was 0.84, down 12.54% from the prior year.
- Asset Utilization Ratio came in at 1.46 for Q4 2025 at Cenovus Energy, up from 1.33 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 1.92 in Q1 2023 to a low of 0.47 in Q1 2021.
- Average Asset Utilization Ratio over 5 years is 1.28, with a median of 1.36 recorded in 2025.
- Year-over-year, Asset Utilization Ratio retreated 29.88% in 2021 and surged 145.9% in 2022.
- Over 5 years, Asset Utilization Ratio stood at 1.06 in 2021, then advanced by 19.5% to 1.26 in 2022, then surged by 35.48% to 1.71 in 2023, then dropped by 2.37% to 1.67 in 2024, then retreated by 12.5% to 1.46 in 2025.
- Per Business Quant data, the three most recent Asset Utilization Ratio figures were 1.46 in Q4 2025, 1.33 in Q3 2025, and 1.16 in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 0.65 |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 0.79 |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | 0.53 |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | 0.57 |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | 83.27 |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | 1.89 |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 0.65 |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | 1.11 |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 0.27 |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 1.46 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.46 |
| Sep 30, 2025 | 1.33 |
| Jun 30, 2025 | 1.16 |
| Mar 31, 2025 | 1.39 |
| Dec 31, 2024 | 1.67 |
| Sep 30, 2024 | 1.48 |
| Jun 30, 2024 | 1.29 |
| Mar 31, 2024 | 1.47 |
| Dec 31, 2023 | 1.71 |
| Sep 30, 2023 | 1.49 |
| Jun 30, 2023 | 1.54 |
| Mar 31, 2023 | 1.92 |
| Jun 30, 2022 | 1.26 |
| Mar 31, 2022 | 1.08 |
| Dec 31, 2021 | 1.06 |
| Sep 30, 2021 | 0.72 |
| Jun 30, 2021 | 0.51 |
| Mar 31, 2021 | 0.47 |
| Dec 31, 2020 | 0.51 |
| Sep 30, 2020 | 0.48 |