Cenovus Energy (CVE) Free Cash Flow (2009 - 2025)
Cenovus Energy (CVE) recorded Free Cash Flow of $1.73 billion in the quarter ended Dec 31, 2025, up 18.9% from $1.45 billion a year earlier.
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Analysis
Cenovus Energy (CVE) Free Cash Flow (2009 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Cenovus Energy reported Free Cash Flow of $5.89 billion, down 12.7% from the prior year.
- Annual Free Cash Flow has a five-year compound annual growth rate of 47.4% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Free Cash Flow came in at $6.75 billion in the year ended Dec 31, 2024 (+23.2%), $5.48 billion in the year ended Dec 31, 2023 (+59.1%), $3.44 billion in the year ended Dec 31, 2022 (-49.1%) and $6.77 billion in the year ended Dec 31, 2021 (+701.0%).
- Quarterly Free Cash Flow has ranged from -$286 million in the quarter ended Mar 31, 2023 to $2.95 billion in the quarter ended Dec 31, 2023 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in two of the last five quarters, with an average decline of 7.6%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 481.2% in the quarter ended Dec 31, 2021, against a decline of 50.7% in the quarter ended Dec 31, 2024 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 702.52 Bn | 660.66 Bn | - | 18.47 Bn |
| 2 | Chevron | 427.59 Bn | 399.71 Bn | 33.45 Bn | 18.10 Bn |
| 3 | Shell | 299.61 Bn | 159.87 Bn | - | 21.04 Bn |
| 4 | TotalEnergies SE | 197.84 Bn | 68.92 Bn | 31,614.00 | 19.84 Bn |
| 5 | Conocophillips | 165.71 Bn | 138.42 Bn | 12.81 Bn | 4.41 Bn |
| 6 | Equinor Asa | 111.12 Bn | 23.97 Bn | 4.49 Bn | 10.42 Bn |
| 7 | Canadian Natural Resources | 104.02 Bn | 101.03 Bn | 8.84 Bn | 6.65 Bn |
| 8 | Phillips 66 | 102.56 Bn | 86.35 Bn | 10.69 Bn | 6.60 Bn |
| 9 | Suncor Energy | 88.02 Bn | 73.77 Bn | - | 7.00 Bn |
| 10 | Cenovus Energy | 51.43 Bn | 43.14 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 1.55 Bn |
| Jun 30, 2025 | 2.37 Bn |
| Mar 31, 2025 | 1.32 Bn |
| Sep 30, 2024 | 1.81 Bn |
| Jun 30, 2024 | 2.81 Bn |
| Mar 31, 2024 | 1.93 Bn |
| Sep 30, 2023 | 2.04 Bn |
| Jun 30, 2023 | 1.99 Bn |
| Mar 31, 2023 | -286.00 Mn |
| Sep 30, 2022 | 3.14 Bn |
| Jun 30, 2022 | 2.98 Bn |
| Mar 31, 2022 | 2.11 Bn |
| Dec 31, 2021 | 5.14 Bn |
| Sep 30, 2021 | 1.18 Bn |
| Jun 30, 2021 | 1.64 Bn |
| Mar 31, 2021 | 775.00 Mn |
| Sep 30, 2020 | 435.25 Mn |
| Jun 30, 2020 | -693.00 Mn |
| Mar 31, 2020 | 400.00 Mn |
| Dec 31, 2019 | 318.15 Mn |
API Access
Cenovus Energy Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CVE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "CVE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=CVE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();