Cenovus Energy (CVE) Free Cash Flow (2009 - 2025)
Cenovus Energy's (CVE) quarterly Free Cash Flow came in at $1.7 billion in Q4 2025, up 18.88% year-over-year from $1.5 billion in Q4 2024, and up 18.52% quarter-over-quarter from $1.5 billion in Q3 2025.
Analysis
Cenovus Energy (CVE) Free Cash Flow (2009 - 2025) Analysis & Trends
Cenovus Energy has disclosed Free Cash Flow across 17 years of filings, most recently posting $1.7 billion for Q4 2025.
- In Q4 2025, Free Cash Flow rose 18.88% year-over-year to $1.7 billion; the TTM figure through Dec 2025 stood at $6.9 billion (down 22.43% YoY), while the FY2025 annual figure was -$4.9 billion, down 262.98% from the prior year.
- Free Cash Flow came in at $1.7 billion for Q4 2025 at Cenovus Energy, up from $1.5 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $4.6 billion in Q2 2022 to a low of -$286.0 million in Q1 2023.
- Average Free Cash Flow over 5 years is $2.0 billion, with a median of $2.1 billion recorded in 2022.
- Year-over-year, Free Cash Flow slumped 113.55% in 2023 and jumped 773.08% in 2024.
- Over 5 years, Free Cash Flow stood at $2.6 billion in 2021, then retreated by 14.79% to $2.2 billion in 2022, then soared by 34.64% to $2.9 billion in 2023, then slumped by 50.7% to $1.5 billion in 2024, then advanced by 18.88% to $1.7 billion in 2025.
- Per Business Quant data, the three most recent Free Cash Flow figures were $1.7 billion in Q4 2025, $1.5 billion in Q3 2025, and $2.4 billion in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 413.73 Bn | 410.87 Bn | 33.45 Bn | 18.10 Bn |
| 2 | Shell | 269.64 Bn | 229.78 Bn | 30.13 Bn | 25.67 Bn |
| 3 | TotalEnergies SE | 200.34 Bn | 171.16 Bn | 23.46 Bn | 15.09 Bn |
| 4 | Eni Spa | 171.91 Bn | 162.06 Bn | - | 7.34 Bn |
| 5 | Equinor Asa | 110.26 Bn | 101.00 Bn | - | 6.60 Bn |
| 6 | Phillips 66 | 108.93 Bn | 106.03 Bn | 8.38 Bn | 6.53 Bn |
| 7 | Suncor Energy | 82.82 Bn | 77.45 Bn | 17.50 Bn | 4.31 Bn |
| 8 | Imperial Oil | 62.85 Bn | 60.80 Bn | - | 1.57 Bn |
| 9 | Cenovus Energy | 61.44 Bn | 59.48 Bn | 7.32 Bn | 1.73 Bn |
| 10 | Occidental Petroleum | 58.81 Bn | 55.30 Bn | 7.73 Bn | 3.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.73 Bn |
| Sep 30, 2025 | 1.46 Bn |
| Jun 30, 2025 | 2.37 Bn |
| Mar 31, 2025 | 1.32 Bn |
| Dec 31, 2024 | 1.45 Bn |
| Sep 30, 2024 | 2.68 Bn |
| Jun 30, 2024 | 2.81 Bn |
| Mar 31, 2024 | 1.93 Bn |
| Dec 31, 2023 | 2.95 Bn |
| Sep 30, 2023 | 698.94 Mn |
| Jun 30, 2023 | 1.99 Bn |
| Mar 31, 2023 | -286.00 Mn |
| Dec 31, 2022 | 2.19 Bn |
| Sep 30, 2022 | 3.37 Bn |
| Jun 30, 2022 | 4.64 Bn |
| Mar 31, 2022 | 2.11 Bn |
| Dec 31, 2021 | 2.57 Bn |
| Sep 30, 2021 | 2.20 Bn |
| Jun 30, 2021 | 1.90 Bn |
| Mar 31, 2021 | 775.00 Mn |