Cenovus Energy (CVE) EBT Margin (2009 - 2025)
Cenovus Energy's (CVE) quarterly EBT Margin came in at 9.5% in Q4 2025, up 807.0% year-over-year from 1.05% in Q4 2024, and up 7.11% quarter-over-quarter from 8.87% in Q3 2025.
Powered by 
Analysis
Cenovus Energy (CVE) EBT Margin (2009 - 2025) Analysis & Trends
Cenovus Energy has disclosed EBT Margin across 17 years of filings, most recently posting 9.5% for Q4 2025.
- In Q4 2025, EBT Margin rose 807.0% year-over-year to 9.5%; the TTM figure through Dec 2025 stood at 8.75% (up 5.0% YoY), while the FY2025 annual figure was 9.01%, up 151.0% from the prior year.
- EBT Margin came in at 9.5% for Q4 2025 at Cenovus Energy, up from 8.87% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 20.57% in Q2 2022 to a low of 1.02% in Q4 2021.
- Average EBT Margin over 5 years is 8.13%, with a median of 8.53% recorded in 2025.
- Year-over-year, EBT Margin soared 5647 bps in 2021 and sank 1200 bps in 2023.
- Over 5 years, EBT Margin stood at 1.02% in 2021, then jumped by 777 bps to 6.94% in 2022, then grew by 7 bps to 7.42% in 2023, then sank by 81 bps to 1.44% in 2024, then jumped by 562 bps to 9.5% in 2025.
- Per Business Quant data, the three most recent EBT Margin figures were 9.5% in Q4 2025, 8.87% in Q3 2025, and 8.25% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 413.73 Bn | 410.87 Bn | 33.45 Bn | 23.84% |
| 2 | Shell | 269.64 Bn | 229.78 Bn | 30.13 Bn | 16.64% |
| 3 | TotalEnergies SE | 200.34 Bn | 171.16 Bn | 23.46 Bn | -36.75% |
| 4 | Eni Spa | 171.91 Bn | 162.06 Bn | - | 17.58% |
| 5 | Equinor Asa | 110.26 Bn | 101.00 Bn | - | 37.04% |
| 6 | Phillips 66 | 108.93 Bn | 106.03 Bn | 8.38 Bn | 9.55% |
| 7 | Suncor Energy | 82.82 Bn | 77.45 Bn | 17.50 Bn | 26.19% |
| 8 | Imperial Oil | 62.85 Bn | 60.80 Bn | - | 17.81% |
| 9 | Cenovus Energy | 61.44 Bn | 59.48 Bn | 7.32 Bn | 9.50% |
| 10 | Occidental Petroleum | 58.81 Bn | 55.30 Bn | 7.73 Bn | 48.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 9.50% |
| Sep 30, 2025 | 8.87% |
| Jun 30, 2025 | 8.25% |
| Mar 31, 2025 | 8.50% |
| Dec 31, 2024 | 1.44% |
| Sep 30, 2024 | 9.37% |
| Jun 30, 2024 | 8.98% |
| Mar 31, 2024 | 11.90% |
| Dec 31, 2023 | 7.42% |
| Sep 30, 2023 | 9.81% |
| Jun 30, 2023 | 8.57% |
| Mar 31, 2023 | 4.84% |
| Dec 31, 2022 | 6.94% |
| Sep 30, 2022 | 13.54% |
| Jun 30, 2022 | 20.57% |
| Mar 31, 2022 | 12.47% |
| Dec 31, 2021 | -1.02% |
| Sep 30, 2021 | 6.57% |
| Jun 30, 2021 | 3.02% |
| Mar 31, 2021 | 3.04% |